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Home » Your Guide To Lowe’s ESPP: Everything You Need To Know

Your Guide To Lowe’s ESPP: Everything You Need To Know

If you work at Lowe’s, you may be eligible to enroll in the employee stock purchase plan (ESPP). To help you make the most of this opportunity, we’ve put together a comprehensive guide to all the ins and outs of this program, from how it works to how you enroll.

If you’d like to learn more about how ESPPs work in general, be sure to read our blog about an overview of employee stock purchase plans.

Here’s a quick rundown of how Lowe’s ESPP works.

  • You can buy Lowe’s stock at a 15% discount.
  • You can enroll twice a year.
  • Your next enrollment window closes on Nov 14, 2023.
  • You can contribute up to 20% of your salary with a maximum of $21,250 per year.

Should You Participate In Lowe’s’s ESPP?

When you enroll in Lowe’s ESPP, you have the opportunity to purchase shares of your company stock at a discounted price through automatic payroll deductions.

The benefits of participating in an ESPP are clear – you can make gains and build wealth. In fact, Lowe’s employees can gain $3,750 or even more annually through their ESPP.

Lowe’s’s ESPP Discount

Lowe’s offers employees an opportunity to buy Lowe’s stock at a 15% discount.

Lowe’s’s ESPP Discount

You can enroll in Lowe’s ESPP twice a year, once in the spring and once in the fall. You can enroll by the following dates:

  • May 15th
  • Nov 14th

Lowe’s’s ESPP Contribution Limits

The first thing you need to do is decide how much you want to contribute. You can contribute up to 20% of your salary, with a limit of $21,250 per year.

Lowe’s’s ESPP Offering Period

The offering period is the time that employees can purchase the stock. Lowe’s employee stock purchase plan (ESPP) has two 6-month offering periods every year.

When you’re participating in Lowe’s ESPP, you set aside money from each paycheck from the beginning of a purchase period through the end. At the end of this purchase period, the money that has been set aside is used to purchase company stock at a discount.

If you are interested in Lowe’s ESPP, here are some key dates to keep in mind.

The offering periods are

  • Jun 1st – Nov 30th
  • Dec 1st – May 31st

The stock purchase dates are the last trading day before the end of each period.

Selling Your ESPP Shares

Once Lowe’s purchases the shares on your behalf, they will be deposited into your brokerage account. From there, you can do what you want with them…sell immediately (as long as it’s during the open trading windows), hold for a short time, hold for an extended time, etc.

How does Benny help me make the most of Lowe’s ESPP?

Benny makes it easy to participate in Lowe’s employee stock purchase plan by giving you cash to match your ESPP paycheck deduction so you can get the benefits of your ESPP without impacting your take-home pay.

For example, if you’re contributing $350 per paycheck to Lowe’s ESPP, Benny will deposit $350 in your bank account before each paycheck’s pay date.

Use our ESPP calculator to see how much you can earn with Lowe’s ESPP.


ESPP Calculator