Logo

Site Map   Join Forums   WFR/Leaving   Contacts   Benefits   Healthplans   Stock   Pension   Career   HP/HPE

1. Find all your stock   2. Determine cost basis   Other stock topics   (Not officially endorsed or supported.)

DXC stock issues  

This page covers only one of the several HP-related stocks. See: 1. Find all your stock   2. Determine cost basis   Other stock topics   (Not officially endorsed or supported.)


You may now have stock in HP, HPE, Agilent, Keysight, or DXC in various accounts -- and may have missed cash payouts (two for MFGP; one for PRSP.) How many shares of which companies should I have? How much cash should I have received? Stock Recovery Process

Received a "Potential Private Retirement Benefit" letter from U.S. Social Security? It shows your last transaction ("Year Reported.") Look up the "Type of Benefit" and "Payment Frequency" codes on the back. Who to contact: Potential Benefit letter


Sequence of related stock events from Unofficial Stock Decoder table:

2008-08-26

HP bought EDS. EDS shareholders received $25 in exchange for each EDS share. EDS stock was retired.
EDS was temporarily structured as a subsidiary, "EDS, an HP Company."
On Sep 23, 2009, it was renamed "HP Enterprise Services."

2015-10-21

HP spun off Hewlett Packard Enterprise.. HPQ shareholders received 1 share of HPE per HPQ share owned. Hewlett-Packard Co. renamed HP Inc.

2017-03-20

HPE Enterprise Services business was spun off and merged with CSC, creating DXC. HPE shareholders received 0.086 share of DXC per HPE share owned.

2018-05-25

DXC U.S. Public Sector business was spun off and merged with two other companies, creating Perspecta. DXC shareholders received 0.5 share of Perspecta per DXC share owned.

2021-05-06

Perspecta bought by Peraton. Peraton paid $29.35 cash in exchange for each Perspecta share -- a 49.7% premium over last closing price before public reports. PRSP shares have vanished from your account. Either cash was paid into your brokerage cash account or a check was mailed by approx. 6/2/21.

 

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

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

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. Admin and Broker Issues

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 (Don't go to a local Fidelity office.)  

Announcement   Completion    Where's my DXC stock?    About DXC

Price history  

(Apr 11, 2022)  Question? Email: info@hpalumni.org


Helping each other with life after HP and HPE:  Website Map    Forums

Independent, member-supported volunteer association. Not officially endorsed or supported. © 2024 Hewlett-Packard Alumni Association, Inc. By using this site you accept these terms.