Your opportunity to continue, change or stop your election in the Pearson Employee Stock Purchase Plan (“ESPP”) opens today!
As you are aware, the ESPP allows you to contribute some of your pay from July through December, and in January the plan will purchase shares of Pearson stock at a 15% discount using the total amount you’ve contributed. The discount will be applied to the closing stock price on the first day or last day of the six-month Offering Period – whichever is lower.
Remember, your contribution election is a monthly fixed dollar amount totaling between $120 and $6,000 over the six-month Offering Period. This monthly contribution will then be converted to an after-tax deduction (on a per-pay-period basis), based on the number of regular paychecks you are scheduled to receive during this six-month period. Your first deduction will begin in July.
Click here to review the plan provisions prior to making any changes.
If you want to continue contributing the same amount, you don’t have to do anything. Your current election on record will automatically carry over for this Offering Period.
If you want to change or stop your contribution election, visit the EMPOWER Retirement website or call 844-465-4455. Click the “Pearson plc Employee Stock Purchase Plan” link (on the right) and then click “Visit Website”, which will direct you to the Computershare employee homepage. From there:
IMPORTANT NOTE: You will no longer be able to cancel/withdraw from the current ESPP offering period – “June 2017 Purchase” – which ends on June 30, 2017.
To access your account or if you have any questions about the ESPP, please contact EMPOWER Retirement at 844-465-4455 or visit www.empower-retirement.com/pearson. You will need your personal Username and Password to log on. If you misplaced this information, please contact EMPOWER Retirement at the above number.