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Sell Shares Acquired Through an Employee Share Scheme

$700 million+ in shares sold

60,000+ share sale customers

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What are Employee Shares?

When you are an employee of a company, you may be invited to participate in an employee share scheme (ESS). Also known as an employee share purchase plan, an employee share scheme provides eligible employees with shares in the company they work for, or the opportunity to purchase said shares. 

For eligible employees, share purchase plans provide the opportunity to purchase shares in the company. These share purchases are often funded through salary sacrifice over a specified period, a loan from the employer or by dividends earned on the company shares.

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Selling Employee Shres

Selling Employee Shares

If you have received shares through an employee share scheme and are now eligible to sell them, you can simply complete our online share sale form and our friendly team will process your share sale quickly and easily.

Before you get started, make sure you have your Securityholder Reference Number (SRN) handy. Usually found at the top of a holding statement or dividend statement, the SRN is unique to your shareholding, and is the key number required in order to view, manage or sell your shares. If you don’t know your SRN, we can perform an electronic SRN search on your behalf.

For more information how, see here.

How to Sell Employee Shares

It’s not uncommon for Australians to hold shares that have been issued by or purchased from an employer as part of an employee share scheme. So at some point in time, you may want to know how to sell employee shares.

The process for selling employee shares depends on how you acquired the shares, and the nature of the company and its specific employee share scheme.

Some employee share schemes have restrictions on when you can sell employee shares. There may be an annual window you can sell them or a minimum amount of time you need to hold them for. There may also be a requirement to sell them when you leave the company at the current market price. It’s important to check the specific conditions for the employee shares you hold.

If you are eligible to sell your employee shares and they are listed on the Australian Stock Exchange (ASX), the good news is that it can be relatively simple to sell employee shares.

You don’t need to open a trading account or engage the services of an expensive full-service stockbroking firm, you can use an online broking service like Sell My Shares to sell employee shares on the share market.

We will execute the trade on your behalf for a brokerage fee made up of a minimum amount and a small portion of the value of the employee shares sold.

Sell Employee Shares

Why do Companies have Employee Share Schemes?

Employee share schemes can be an effective tool for companies wishing to incentivize employees to improve company performance. By providing employees with company shares, the company is effectively aligning the interests of employees with shareholders, incentivizing employees to improve the performance of the company. Employee share schemes can also be an effective strategy to retain employees, as their employment status is directly tied to their ownership of company shares and the potential for capital gains as the value of their shareholding increases.

A company may also provide executive employees (those higher up on the pay scale) with performance bonus shares as a form of remuneration. These shares are often conditional on company performance and the executive or his/her team meeting specified targets.

Employee Share Scheme Considerations

Employees participating in an employee share scheme often face limitations with respect to when they are able to buy or sell shares granted through the employee share scheme. Oftentimes a company’s share scheme will require employees to remain employed with the company for a certain number of years before they are able to sell their shares. Some share schemes may also require key performance targets to be met before company shares are granted.

As each employee share scheme is different, it’s important to become familiar with your company’s particular scheme and how it affects your share ownership.