Stock-1. Employee Stock. HP/HPE Alumni

Stock Menu Stock Issues Spinoff Shares Stock Decoder Where is my stock? Unclaimed property Admins and Brokers Cost Basis Taxes Index of Stock Pages

1. Stock issues for former and current HP and HPE employees.

An HP Alumni team has developed a step-by-step process to determine what stock you should have, find it, and check your cost basis records.

This information was developed by a team of former employees using archived SEC filings, contemporaneous press releases, and investor information often no longer available on the HP website. The HP Alumni Association is operated by volunteers. Not officially endorsed or supported.

This topic is discussed in the HPAA Finance Forum. Comments: info@hpalumni.org (Updated Mar 5, 2023.)

If you received a letter from Social Security entitled "Potential Private Retirement Benefit." If "Type of Benefit" is "A" -- in the "Year Reported" you rolled to a different plan, bought an annuity, or took cash. More: https://www.hpalumni.org/PotentialBenefitLetter.

Perspecta. For stock cost basis information about the purchase of Perspecta by Peraton, go to hpalumni.org/StockPerspecta

Fundamentals

No one but you really cares about your employment-related stock.

Depending on when and how you acquired HP or HPE stock, you may now have stock in up to five (formerly seven) completely separate HP-related companies -- usually in multiple accounts -- and may have missed cash payouts. How many shares of which companies should I have? How much cash should I have received? hpalumni.org/stock

Inherited stock, unlike gifted securities, is not valued at its original cost basis. When an individual inherits a stock, its cost basis is stepped up to the value of the security at the date of the inheritance.

Donating stock. "If you are planning donations to charity anyway, you may be able to avoid having to figure out the basis for stocks by just donating the stock. Check with an accountant or tax advisor for details or possible pitfalls. Saved me a lot of grief." --HPAA member

Companies are required to turn over unclaimed property to the state after a specific time period, as little as two years in some states. If a stock dividend check is not cashed -- and there are no other transactions that were initiated by you on the stock account -- by law, the "unclaimed" timer generally starts.

Members report that brokerages, plan administrators, and transfer agents vary (sometimes dramatically) in how (or if) they make gain/loss and cost basis calculations and in what (if anything) they report to the IRS. As of Mar 2023, no member has reported -- privately or on the HPAA forums -- that their return has been questioned by the IRS due to how they reported the many extremely complex HP-related stock transactions.

Official information sources

HP Inc Check all three HP sites: HP Stock Owners HP Employee Stock and Options HPInc Worldwide Former Employee Sites Member advice

HPE Check both HPE sites: HPE Investor Relations (scroll down) HPE Worldwide Former Employee Sites (Links are very slow.) Member advice

Other related companies: Agilent and Keysight DXC Micro Focus Perspecta

Other stock issues

Stock options How they work. How they expire. Tax issues. If you exercised stock options last year, you need both a 1099-B and a W-2. Stock options How to obtain your option-exercise W-2.

If you have stock paperwork or certificates from closed companies:
Autonomy Compaq DEC EDS Perspecta Tandem Other predecessor companies

Next step: Step 2a. Spinoff Shares and Cash

How many shares of which companies should I have? How much cash should I have received? HP spinoff shares and cash

If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA's Supporting Members.