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When your benefit ends
Your Associate Stock Purchase Plan account will remain open until you decide to close it. However, your account will be closed automatically if you terminate employment and there are no shares or fractional shares in your account.
If you have an Associate Stock Purchase Plan account, you can:
- Keep your account open and make voluntary cash purchases with no broker's fee;
- Close your account and receive all full shares in certificate form and a check for any partial share ownership; or
- Close your account and sell all the shares in your account.
You may keep your account open as long as you want.
However, an annual maintenance fee of $35 will be charged to your account after you leave Walmart. This fee will automatically be deducted from your account through the sale of an appropriate portion of a share of stock to cover the fee.
Payouts will occur based on your instructions.
You can avoid additional fees if you wait to complete the transaction until you receive your final paycheck.
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