Your Guide To Omnicom’s ESPP: Everything You Need To Know
If you work at Omnicom, 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.
Make More Money from your ESPP with Benny’s New Program
Benny 2.0 automatically manages your Employee Stock Purchase Plan (ESPP) to make you more money without disrupting your take-home pay.
Here’s a quick rundown of how Omnicom’s ESPP works.
- You can buy Omnicom stock at a 15% discount.
- You can enroll 4 times a year:
- Feb 15th
- May 18th
- Aug 18th
- Nov 17th
- Feb 16th
- You can contribute up to 10% of your salary with a maximum of $21,250 per year.
Should You Participate In Omnicom’s ESPP?
When you enroll in Omnicom’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, Omnicom employees can gain $3,750 or even more annually through their ESPP.
Omnicom’s ESPP Discount
Omnicom offers employees an opportunity to buy Omnicom stock at a 15% discount.
Omnicom’s ESPP Enrollment Periods
You can enroll in Omnicom’s ESPP 4 times a year, once in the spring and once in the fall. You can enroll by the following dates:
- Feb 15th
- May 18th
- Aug 18th
- Nov 17th
- Feb 16th
Omnicom’s ESPP Contribution Limits
The first thing you need to do is decide how much you want to contribute. You can contribute up to 10% of your salary, with a limit of $21,250 per year.
Omnicom’s ESPP Offering Period
The offering period is the time that employees can purchase the stock. Omnicom’s employee stock purchase plan (ESPP) has four 3-month offering periods every year.
When you’re participating in Omnicom’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 Omnicom’s ESPP, here are some key dates to keep in mind.
The offering periods are
- Mar 1st – May 31st
- Jun 1st – Aug 31st
- Sep 1st – Nov 30th
- Dec 1st – Feb 28th
- Dec 1st – Feb 29th
The stock purchase dates are the last trading day before the end of each period.
Selling Your ESPP Shares
Once Omnicom 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 Omnicom’s ESPP?
Benny makes it easy to participate in Omnicom’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 Omnicom’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 Omnicom’s ESPP.
Make More Money from your ESPP with Benny’s New Program
Benny 2.0 automatically manages your Employee Stock Purchase Plan (ESPP) to make you more money without disrupting your take-home pay.