How Do I Wire My Stock Plan Proceeds?

Transcription

1 How Do I Wire My Stock Plan Proceeds? As the service provider for your company s stock plans, Morgan Stanley offers an automated way to transfer proceeds directly to your financial institution of choice. Wire Instructions can be set up on StockPlan Connect, our transaction portal for stock plan participants, as an alternative to receiving a check in the mail. We will deliver your proceeds to your bank, brokerage firm or other financial institution after the settlement date of your stock option exercise or a sale of shares. a b How do I set up Wire Instructions on StockPlan Connect? STEP 1: NAVIGATE TO THE PAYMENT INSTRUCTIONS SCREEN a. Click on your Name b. Click on the Payment Instructions tab STEP 2: LAUNCH THE ADD NEW U.S. DOLLAR WIRE INSTRUCTIONS PROCESS c. Click the Add New button c 1 Morgan Stanley 2017

2 STEP 3: SELECT BANK TYPE d. Select the Financial Institution d e. Click the Next button e note: You will need different types of information to set up and store Wire Instructions on StockPlan Connect, depending on the type of account to which funds will be wired. Refer to the chart below. FINANCIAL INSTITUTION: YOU WILL NEED YOUR: WHERE TO FIND THE INFORMATION: U.S. Bank Account Non-U.S. Bank Account Brokerage Account Credit Union Account ABA / Routing Transit Number and Bank Account Number. The SWIFT code or the U.K. Sort Code for the receiving Financial Institution. If you provide a U.K. Sort Code, you will also need the intermediary bank account number for your financial institution s U.S. intermediary bank. Additionally, you will need to provide the IBAN or account number at your receiving bank, depending on the requirements of your chosen Financial Institution. Intermediary bank s ABA /routing number and account number. You will also need your brokerage firm s name and address, and your personal brokerage account number. Intermediary bank s ABA /routing number and account number. You will also need your credit union s name and address, and your personal credit union account number. Both numbers are typically at the bottom of your bank checks and deposit slips. In addition, your account number is shown on your bank statement. Please call your bank or look up the numbers on your bank s website to verify. You should start by contacting your international bank or referring to your bank s website. Please ask for the Incoming Wire Department and request the Routing Transit Number of the U.S. intermediary bank. Routing transit numbers can also be looked up on the Federal Reserve Financial Services website http: // /search.cfm; however, please confirm the routing transit number with your bank. This account is set up and maintained by your broker. You must contact your broker for this information. This account is set up and maintained by your credit union. You must contact your credit union for this information. STEP 4: enter bank information f f. Enter your bank s routing number (ABA number) and your bank account number. Remember, the fields here will depend on what financial institution type you selected. g. Click the Next button g 2 Morgan Stanley 2017

3 STEP 5: review and esign h h. Review your receiving financial institution s information i. Enter your StockPlan Connect password to esign your request i j. Click on the Next button j Q. What will happen if I forget to enter the bank routing information, account number, or Swift code, or if I enter the incorrect information? A. If you do not enter your bank information or enter incorrect information at the time of setup, we will send your transaction proceeds via check. It is important to obtain the correct account number or SWIFT code from your bank to avoid a misdirection of funds. k l STEP 6: confirm instructions have been received k. Review the Confirmation Page l. Click the Done button note: Once you have completed Steps 1 through 6, your U.S. Dollar Wire Instructions will be displayed on the Payment Instructions page. You can edit or delete your Wire Instructions at any time by clicking on the Edit/Delete links. 3 Morgan Stanley 2017

4 note: Clicking on the Edit/Delete link will take you to the Profile: Payments Instructions screen, where you can see or edit your Wire Instructions. However, your transaction will not be saved. You can also edit your Wire Instructions after your trade has been submitted. You have one business day after the order executes (T+1) to edit these instructions. If your edits are not submitted by 4pm one day after the trade, your proceeds will be delivered via the Wire Instructions we have on file. Q. When I do a stock plan transaction on StockPlan Connect, how do I choose a wire transfer of funds for my proceeds delivery? A. Once you set up Wire Instructions, you can execute your transactions through the Exercise Grants or Sell Shares buttons on StockPlan Connect. On the Sell/Exercise page, you will be asked How Would You Like the Proceeds Delivered? From the Delivery Method drop-down box, you will select your payment preference. If you have not previously established Wire Instructions, you can also do so at this time. If you have equity plans in more than one company, you can now easily copy your wire instructions to all your companies. This can be done at the time of setup or you can click the link, Use for all companies and follow the steps to confirm the instructions you want to carry over. Q. How much does it cost to wire sale proceeds to my bank account? A. There is typically a $12.50 fee associated with a federal fund wire, which is deducted from your sale proceeds. This fee is shown under the Estimated Proceeds section on the Exercise Grants or Sell Shares screen. Q. How can I get confirmation that my funds have been wired? A. Once we receive confirmation that your bank has acknowledged the funds, you can contact the Morgan Stanley Service Center to obtain a confirmation reference number. Q. How long does it take for me to receive my proceeds? A. For wires to U.S. banks, brokerage and credit union accounts, you will typically receive your proceeds the day the transaction settles, which is approximately the first business day after your transaction was executed. For wires to international banks, Morgan Stanley releases the funds on the settlement date and the receiving bank will credit the account according to their policy. Q. I have received less money than the original wire amount; why were additional fees charged? A. Morgan Stanley will not charge any additional fees above our standard wire fee. Your receiving bank and any intermediary banks, however, may charge either a flat rate fee or a percentage of the dollar amount transferred. Q. What are the alternatives to wiring my proceeds? A. When choosing your proceeds delivery method on StockPlan Connect, you can also choose to receive your proceeds by check through regular mail or overnight delivery. If you have a Morgan Stanley brokerage account, you can deposit your sale proceeds to your brokerage account. 4 Morgan Stanley 2017

5 Need Help? For assistance, please call the Morgan Stanley Service Centers as follows: Americas/U.S. Service Center in U.S., Canada, Mexico in Argentina in Brazil in Chile in Colombia in Costa Rica :00 a.m. to 8:00 p.m. ET (Eastern Time), Monday to Friday European Service Center in Austria, Belgium, Bulgaria, Czech Republic, Finland, France, Germany, Ireland, Israel, Italy, Luxembourg, Netherlands, Poland, Slovak Republic, Spain, South Africa, Sweden, Switzerland, United Kingdom in Bahrain in Jordan , when prompted, in Morocco in Romania in Saudi Arabia (Bharti Airtel, Mobily, Zain) in Saudi Arabia (STC Saudi) in Turkey in United Arab Emirates :00 a.m. to 5:30 p.m. EET (Eastern European Time), Monday to Friday Melbourne Service Center in Australia, Hong Kong, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand in China in India in Indonesia (Viettel) in Vietnam (VNPT) in Vietnam :00 a.m. to 6:00 p.m. AEST (Australian Eastern Standard Time), Monday to Friday To confirm if mobile service is available in your country, contact your local telephone carrier. For more information on StockPlan Connect, please visit the Knowledge Center ( Morgan Stanley Smith Barney LLC ( Morgan Stanley ), its affiliates and Morgan Stanley Financial Advisors do not provide tax or legal advice. Clients should consult their personal tax advisor for tax-related matters and their attorney for legal matters Morgan Stanley Smith Barney LLC. Member SIPC. CRC /17 CS /17