Stock Purchase Plans

A Stock Purchase Plan (SPP) is a benefit offered by some companies allowing employees to buy company stock at a discount or through convenient payroll deductions. It encourages employee investment in the company's success, often with simplified purchase processes and favorable terms. These plans may come with limits on the amount you can invest annually. SPPs align employees’ interests with those of shareholders, potentially providing growth opportunity and a sense of ownership, while also offering specific advantages like reduced purchase price or tax benefits in some cases.