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Step 1. Stock Overview    2. Stock Decoder    3. Where's my stock?    4. Check for lost stock    5. Other issues    6. Cost Basis    7. Taxes    Map of Stock Pages


Step 4. Lost property -- including lost stock, dividends, and other unclaimed property

This is part of our Stock Recovery Process. There is a link to the next step at the end of this page. If you haven't gone through the previous steps, start here: Employee Stock

Advice and reference info from members.  (Updated Apr 13, 2021.)  Questions or comments to: info-stock@hpalumni.org

Unclaimed property

Almost everyone has some small stray uncashed check somewhere. This is surprisingly common, even for people who haven't changed their address in decades. For example, one member found an HP-related check that had been mailed to a misspelled street address with an incorrect zip code.

Companies are required to turn over unclaimed property to the state after a specific time period, which varies from state to state. As little as two years in some states. The process is called "Escheatment."

Before that, a financial institution may classify an account as "inactive"-- which may have consequences.

You may be approached by companies claiming to have found money for you -- for example, a private investigator has been contacting ex-EDS folks. There is no need to pay anyone.

You can easily check the public state unclaimed property sites for lost shares, uncashed dividend checks, and other stray money.

Go to the MissingMoney website, affiliated with the National Association of Unclaimed Property Administrators and check every state or province where you have ever lived, worked, or had a postal address: 
https://unclaimed.org 

Be sure to try variations on the spelling of your first and last names.

If you receive a notice of unclaimed property, respond promptly in order to prevent the escheatment of your asset to the state.

If you received a "Potential Private Retirement Benefit Information" notice from Social Security, it is based on years-old information, as indicated by the "Year Reported" box. The key word is "potential." Here's how to decode it -- and who to contact if you are not sure what happened with that account.

Lost stock, dividends, and other unclaimed property

Given HP's complex history of  acquisitions, divestitures, and spinoffs, you may be owed cash or shares.

Time to untangle your stock! No one but you really cares about your employment-related stock. You may have stock in up to seven HP-related companies (HPQ, HPE, A, KEYS, DXC, MFGP, PRSP.) Your stock may not all be in the same place. You may need to retrieve lost stock or dividends, find stray accounts, or estimate your cost basis. An HPAlumniteam has developed a step-by-step process to find and protect your stock. Start the process at Employee Stock [You will return to this page as a step in the process.]

As with bank accounts, the only sure way to avoid a stock account being declared "dormant" or treated as unclaimed property, is to make direct contact by phone or postal mail with each broker and administrator at least once a year. Otherwise, depending on state laws and the broker or administrator's policies, members report that your stock may be escheated -- turned over to a state as unclaimed property -- which can be very difficult to retrieve.

Even though the name and address on the account are current and you are receiving stockholder notices, members report that neither cashing dividend checks nor accessing your stock accounts online nor being in possession of paper certificates prevents escheatment. You may or may not be sent a postal notice of pending dormancy or escheatment.

1. Check any Brokerage you use and with the current Stock Transfer Agent and Plan Administrator for each stock. See Where's my stock?

2. Check with state unclaimed property sites for every state or province where you have lived or worked, as described above. Also check the state of incorporation and state of corporate headquarters for every employer (DE and CA for HP, DE and TX for EDS, etc.) State of incorporation for each stock is given in the blue columns to the right in the HPAA Stock Decoder Table. (For any unclaimed property related to the 1984-1996 ownership of EDS by General Motors, check Michigan.)

Next step:  Step 5. Other Stock Issues


See also: The HPAA has a Finance Forum. Discuss U.S. pension, employee stock, Social Security, and other personal finance issues from an ex-HP/HPInc/HPE perspective. Moderated. Join the HP Alumni Association at no charge: https://www.hpalumni.org


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, HPInc, or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA members.

As financial, legal, and personal advice must be tailored to the specific circumstances of each case, and finances and laws are constantly changing, nothing provided here should be used as a substitute for the personal advice of competent financial, legal, and personal advisors.


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