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Not officially endorsed or supported. Keep up with HP/HPE-related stock issues: Join HPAA at no charge. Start here: Stock All articles on stock: Stock Menu |
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DXC stock issues (Apr 11, 2022) Stock: You may now have stock in HP, HPE, Agilent, Keysight, or DXC in various accounts – and may not have received cash payouts for Micro Focus or Perspecta. Due to spinoffs and splits, current cost basis depends on when you acquired each block of shares. Members have found that plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events -- and what (if anything) they report to the IRS. Stock Recovery and Cost Basis Received a "Potential Private Retirement Benefit" letter from Social Security? How to decode the letter and who to contact, if necessary: Potential Benefit letter Sequence of related stock events from HPAA's Complete Stock Decoder Table:
Perspecta is a completely separate company from DXC -- not a legal successor to DXC. HPAA's Perspecta stock info If you ever worked for DXC: Info for DXC alumni To check for lost stock and uncashed checks: https://www.hpalumni.org/Unclaimed. DXC is incorporated in Delaware Website operated by volunteers. Not officially endorsed or supported. Stock Menu. Keep up with HP/HPE-related stock issues: Join HPAA at no charge. Question? Email: info@hpalumni.org Stock information and contacts: DXC Investor Relations: https://investors.dxc.com/investor-relations From the "Resources" dropdown on the right, select "FAQs." Selecting "Spin-off Tax Documentation" gets you to the CSC/HPE and Perspecta tax documentation: https://investors.dxc.com/resources/spin-off-tax-documentation Finally, DXC's "Tax Basis Worksheet" for the Perspecta deal: https://s27.q4cdn.com/120381974/files/doc_downloads/2021/06/Tax-Basis-Worksheet.pdf "DXC assumed $600 million of net pension liability and $400 million of existing debt..." April 3, 2017 HPE press release on completion DXC Price Chart Note: Stock price charts do not always accurately reflect stock splits and other events. "...you will generally not recognize gain or loss for U.S. federal income tax purposes..." HPE/DXC tax basis letter Members have found that plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events -- and what (if anything) they report to the IRS. Issues with major brokers Your broker may have used a different formula than the one suggested in the tax basis letter provided by the company -- resulting in a somewhat different value. Check your brokerage account online -- or by examining a recent account statement -- to view your holdings in each stock going forward. Unexpired HPE options: If you had unexpired HPE stock options and were transitioned to DXC, the HPE options in your Merrill Lynch account may have vanished in April 2017 -- with no notification. The HPE options were converted to DXC options and placed in a new Fidelity account. If you have an existing HP 401(k) or personal brokerage account at Fidelity, go to http://netbenefits.com and use your existing username and password. Otherwise, call 1-800-457-4015 (If no password, keep hitting #.) (Outside US 1-508-787-9902 collect.) Fidelity (Members advise that local Fidelity offices are focused on sales.) Announcement Completion Where's my DXC stock? About DXC If you don't have good records -- or didn't get your lot-and-cost information into your broker's system -- you can use our spreadsheets to develop a reasonable estimate of your cost basis for most HP/HPE-related stocks for any span of HP employment through the 11/1/2000 plan changeover. hpalumni.org/StockSpread |
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