As an employee of Western Digital or any of its participating subsidiaries, you have the opportunity to share in our company’s future through the ownership of company stock. The Employee Stock Purchase Plan (ESPP) lets you buy shares of Western Digital common stock at a discount through convenient payroll deductions. It’s another way we offer you value as a Western Digital employee ― and is a potentially valuable addition to your savings strategies.
Consider the ways in which the ESPP might help you reach your financial goals, including:
- Becoming invested in Western Digital
The plan enables you to participate in Western Digital ownership by becoming a shareholder.
- Employee contributions
The ESPP allows eligible employees to contribute 1 – 10% of eligible compensation toward the purchase of the company’s common stock at a discount through convenient payroll deductions.
- Saving made easy
The after-tax deductions each pay period mean that you’ll regularly — and very simply — set aside money to invest in Western Digital common stock
Eligibility and enrollment
Generally, you can enroll in the ESPP during open enrollment in May or November. You elect to contribute from 1% to 10% of your eligible base pay through after-tax payroll deductions throughout your Offering Period, subject to certain Plan limits.
A new 24-month Offering Period commences on each June 1 and December 1, with purchases occurring every six months. Eligible participants can purchase company stock at a 5% discount on the lower of either the applicable enrollment price or the closing price on the applicable purchase date.
You will be automatically re-enrolled in a new 24-month Offering Period if your enrollment price is higher than the purchase date price at the time of purchase.
See Connect for more information.