Received a letter from "EQ Unify" re your stock?  (Updated Aug 14, 2025)   Not officially endorsed or supported. Question? Email us: info@hpalumni.org

The confusing letter is from EQ Unify, a subsidiary of HP's current transfer agent, Equiniti Trust Company. It is focused on paying them to sell the shares in question -- for a 10% fee.

You must take action. Letter is unclear and doesn't cover all choices.

Background:

Under HP's original employee stock purchase program, shares were registered at HP's stock transfer agent, which changed several times over the decades. (You may have old paperwork from Harris, Computershare, Chase, BNY Mellon, Wells Fargo, or the current transfer agent -- Equiniti.) Under recent programs, shares are held in a stock plan managed by a plan administrator -- such as the NetBenefits division of Fidelity or the MyBenefits division of Merrill Lynch.

Neither cashing dividend checks, receiving direct deposits, accessing accounts online, nor receiving statements prevents this – only a personally-initiated transaction, postal response, or call. Difficult to retrieve funds – and stock is sold.

The confusing letter is from EQ Unify, a subsidiary of HP's current transfer agent, Equiniti Trust Company. It is focused on paying them to sell the shares in question -- for a 10% fee.

It turns out that you actually have four choices:

1. Leave the stock at the transfer agent and restart the clock, which costs nothing. Call the stock transfer agent -- EQ (the parent company) not EQ Unify -- per the instructions buried in the middle of the letter. Members who have called were told how often to call in future.
"If you do not elect to use EQ Unify and only need to establish shareholder-initiated contact, you may do so at no charge by calling EQ at 1-833-914-2121. To expedite this process, please have your account number ready. Your account number can be found on a previous account statement, dividend check or tax form sent by EQ."

2. Move the stock to a personal stock brokerage account. Contact your brokerage for instructions.

3. Move the stock and sell via a stock brokerage. If you don't have an account, it is easy to open one at a discount brokerage.

4. Sell the stock via EQ Unify for a 10% "Processing Fee" -- as promoted in the letter. May make sense if you have only a couple of shares. 

Keep your postal address current on every financial account. And run an "unclaimed property" search every year. Employer does not update your address. Financial institutions are required to turn over inactive accounts to the state. Neither cashing dividend checks, receiving direct deposits, accessing accounts online, nor receiving statements prevents this – only a personally-initiated transaction, postal response, or call. Difficult to retrieve funds – and stock is sold. Easy to check: Unclaimed Property

Stock. If you were ever an HP shareholder, you may now have shares of HPQ, HPE, Keysight, and/or Agilent – in different accounts. If ever an HPE shareholder, you may now have shares of DXC – and may not have received cash payouts for MFGP and PRSP. Find it all – and estimate your current cost basis: HP/HPE-Related Stocks

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