AvalonBay offers the opportunity to share directly in our corporate success through the Employee Stock Purchase Plan (ESPP). Under this plan, you can purchase stock in the company at a 15% discount off the market price.
How the Plan Works
- During the purchase period you can elect to purchase shares of common stock at the 15% discounted rate.
- Your contributions are made by regular after tax payroll deductions.
- At the end of the option period, the company uses your contributions to purchase the stock. Your purchase price is 85% of the lower of the closing market prices on the first and last days of the purchase period.
