Employee Stock Purchase Plan

The employee stock purchase plan (ESPP) gives you the opportunity to increase your ownership interest in Lowe’s. You can purchase Lowe’s common stock at a discounted price through the ESPP.

Participation is entirely voluntary. Eligible employees must enroll to participate. Part-time employees are eligible to participate after one year of service. You must be eligible on the first day of the offering period to participate in that offering period.

When you can purchase stock:

The plan has two six-month offering periods each year, beginning on June 1 and December 1. Contributions made during the six-month offering period are used to purchase shares of stock at a 15% discount off the closing price of Lowe’s stock on the last day of the offering period.

How much can be invested:

You can contribute from 1% to 20% of base pay on an after-tax basis. You also can contribute a flat-dollar amount. Your contributions are made on an after-tax basis using convenient payroll deduction — no lump-sum purchases are allowed. Contributions can be made up to $10,625 per purchase period.

Activating your account:

All participants must activate their E*TRADE accounts by the last day of the month before the purchase date.  For example, for the May 31 purchase, you must activate your account by April 30.  For the November 30 purchase, you must activate by October 31. If you have a current E*TRADE account that you have not activated, you must do so by the last day of the month prior to the purchase. If you are purchasing shares for the first time, your E*TRADE account will be set up within the first two months of the period and will need to be activated by the last day of the month prior to the purchase. For more information about activating your account, contact E*TRADE at 1-800-838-0908.

Purchase Period Activation Must Be Completed By:
November 30October 31
May 31April 30


When you can sell stock:

All shares purchased through the plan will be placed into a personal E*TRADE Employee Stock Option Plans Services account. After completing the required activation process, you may access your account. You can:

  • Leave your stock in your E*TRADE account.
  • Request that your stock certificates be sent directly to you.
  • Ask E*TRADE to sell your acquired shares at current market prices.

If you sell shares, you are responsible for the broker transaction fee.

You can sell shares you’ve acquired by calling E*TRADE at 1-800-838-0908 or by going online at myloweslife.com. You can call E*TRADE for an account activation form or activate your account online.

How to change your contribution percentage:

You can increase or decrease the amount you contribute via payroll deduction during the two-week enrollment period prior to the first day of the offering period. Changes will not be effective until the beginning of the next offering period, either December 1 or June 1.

How to withdraw from the plan:

You may stop your payroll deductions and withdraw from the plan during an offering period. Go to myloweslife.com > My Work Life > HR DIY > Payroll Home > Employee Stock Purchase Plan. Your contributions will be refunded to you. Refunds are made on the next available paycheck. You can cancel participation through the last day of the month prior to the purchase.

If you stop your payroll deductions, you cannot participate in the plan until the following offering period. At that time, you must re-enroll. Whole shares will be purchased each purchase period, and any remaining cash will be refunded to you on your next available paycheck after the purchase period closes.