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Stock issues for former Compaq employees (Updated Mar 3, 2019.)
Time to untangle your stock! With any employer, no one but you really cares about your employment-related stock. You may have stock in up to seven HP-related companies. It may not all be held in the same place. With each spinoff, the cost basis for your shares changed. Many find stray accounts -- or need to retrieve stock or dividends turned over to a state as "unclaimed." You could pay taxes twice on the same income. Your heirs may not find it all. An HP Alumni team developed a step-by-step process to find it, protect it, and prevent double taxation. Go to Employee Stock
Questions or comments to: firstname.lastname@example.org
For full HP stock history, see HP Stock Decoder
For SEC filings, you can also use the SEC's EDGAR site.
Official HP Inc public page on employee stock, including Compaq ESPP: HP Inc Global Total Rewards
HPAA member advice:
If you bought CPQ shares under the Compaq employee stock purchase plan, those shares were automatically converted to HPQ shares at the time of the merger. Unless you have sold or transferred them, the shares (and your corresponding new Hewlett Packard Enterprise shares) are being held by the last administrator of the plan, Morgan Stanley Smith Barney -- which is no longer being paid by the company for this work.
Morgan Stanley customers are getting different results from different divisions of the company -- depending on whether they were participants in the Compaq Employee Stock Purchase Plan or had transferred their HP stock to a personal account at Morgan Stanley's local-office-based retail brokerage division. Morgan Stanley issues
Selling HPQ shares online is still possible at https://www.stockplanconnect.com . However, selling HPE shares can only be done by calling 1-800-367-4777 or 1-801-617-7414.
To transfer your HPQ shares (and your corresponding new HPE shares) to another financial institution at no charge, you can either:
- Go to https://www.stockplanconnect.com and download the stock transfer forms for faxing to Morgan Stanley -- or
- Send an email to email@example.com -- you will immediately receive a "deleted without reading" autoreply and, later, a personal reply with instructions and forms.
Postal address: Morgan Stanley Wealth Management, 411 Borel Avenue Suite 220, San Mateo, CA 94089.
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. HP/HPE tax basis letter
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For more mutual help on this topic and many others, join the independent HP Alumni Association. If you were formerly a regular, direct employee of HP or HPE -- or are in the process of leaving -- join HPAlumni. No charge, thanks to HPAA members.
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