Publix Employee Stock Ownership Plan
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FAQ
How do I sell stock? Register for a Publix Stockholder Online account. Then log in to Publix Stockholder Online > Account Tools > Sell Stock and follow the on-screen process to complete and print the required form.
Publix stock has been available to purchase through payroll deduction since 2007. Employees of Publix are eligible to purchase stock when they have been employed by the company for at least 480 hours. As a Perpetual Honor Plan Member, employees can choose to purchase between 1 and 999 shares per month.
Keep in mind you ARE allowed to leave everything with Publix - but if you separate from the company prior to age 62, you can only leave it until the year after your 62nd birthday. If you've reached 62 when you separate, you'll be required to take a full distribution of the stock the year following your separation.
An ESOP is a type of retirement plan, similar to a 401(k) plan, that invests primarily in company stock and holds its assets in a trust for employees. An ESOP may own 100% of a company's stock, or it may own only a small percentage.
Publix associates are eligible to purchase Publix stock after one year of continuous employment. Associates must be actively employed with Publix at the time of purchase and are subject to purchase limits based on their years of continuous employment and employment status.