Thanks @DavidD66 can you please review how I am understanding ESPP details?
My ESPP plan runs April to March. So I can purchase the entire amount on April 1st for the market price on that date, but instead I purchase it with my paycheck each pay period. So the price I pay for the stock is the price of the stock at my pay period, not at the beginning of the offering period.
- First day of your offering period - that is April 1st or my hire date, I purchase no stock on this date
- Market price on grant date - is this the price on April 1st? Even though I purchase no stock then and this price is never used for purchase?
- Market price on purchase date - this is the market price on the pay period where I elect to purchase (this is the price stock is purchased at)
- Price you paid per share - this is roughly 85% of the market price on purchase date. But I am actually calculating the exact price I paid as shares received / price paid since that is slightly different than 85% of the market price on purchase date.
Can you confirm my understanding and that the first day of my offering period and market price on grant date are as above and shouldn't just be the day I purchase the stock?
