The Employee Stock Purchase Program (ESPP) gives eligible employees the opportunity to purchase company shares at a 15% discount with no broker fees.
You’ll have four opportunities each year, one per quarter, to enroll in the ESPP.
Contributions are deducted on an after-tax basis from each paycheck based on your election of up to $3,000 per quarter. Your contributions add up between the offering date and the purchase date. The purchase date for payroll contributions is the last day of March, June, September, and December on which trading in Baker Hughes common stock is conducted on the New York Stock Exchange.
More information is available in the Benefits Guide.
No. There is no holding period.
When you purchase stock through the ESPP, you get a 15% discount on any stock you purchase at the end of each quarter.
You can contribute up to $3,000 per quarter, for a total of $12,000 per year.