Employee Stock Purchase Plan
Eligibility
You can purchase Sysco stock at a 15% discount through the Employee Stock Purchase Plan (ESPP). Sysco colleagues and colleagues of participating subsidiaries, who are regularly expected to work more than 20 hours per week for more than five months per calendar year, are eligible to participate in the ESPP, administered by Fidelity.
How to Participate
- Enroll in the plan through Fidelity at NetBenefits.com. Enter the percentage (1%–10%) of eligible pay you would like to have deducted to purchase Sysco stock, up to an annual value of $25,000.
- You can enroll or make contribution changes online anytime.
- Your contribution will be deducted from each paycheck and used to purchase stock on your behalf after the end of the quarterly Offering Periods:
- January 1–March 31
- April 1–June 30
- July 1–September 30
- October 1–December 31
- The purchase price per share will be 85% of Sysco’s closing price on the last day of the Offering Period, resulting in a 15% discount.
- Your shares will be deposited into your Fidelity individual brokerage account. You may keep them in your account, sell them, or, after the required two-year transfer restriction has passed, transfer them to another account. Talk to your financial or tax consultant about the tax advantages.
- You may stop your election and discontinue payroll deductions during the offering period and change your election for future offering periods.
