Amazon stock plan - Frequently Asked Questions - Fidelity

Frequently Asked Questions

To open your account, go to the Amazon Stock portal and click the Select Fidelity button. From there, we'll guide you through opening and setting up your account. We've created this , just in case you need it. If you already have an individual brokerage account with Fidelity, you can use that account. Go to the Amazon Stock portal and click the Select Fidelity button. You will be logged into your Fidelity account. Yes, you can link a TOD account to your Amazon stock plan. Here's how: Choose Fidelity as your broker from the Amazon Stock portal. You'll be taken to a page that prompts you to open an account. Do not open an account. (This happens because Fidelity does not recognize the TOD account as an option). Call Fidelity Stock Plan Services at 800-544-9354. A representative will help you link your TOD account. This will take approximately 5 business days to complete. If you don't want to use your TOD account, you can open a new individual brokerage account to manage your Amazon awards. Yes. You can request a refund if you have a backup withholding withheld after you recertify your account. Certification takes less than 15 minutes, call Fidelity once you recertify to request a refund. You can sell shares online or with the Fidelity Mobile app. Follow these , or call a Fidelity Stock Plan Services representative at 800-544-9354. Online transactions generally cost less and can be completed faster. After your shares have vested, it may take a few business days for the shares to appear in your account. Once they are deposited, they’ll be available to sell. Yes, when you sell your shares, you'll be shown the estimated fees before finalizing the transaction. You can also review your trade confirmation after the trade is placed in the Statements section at , which will show the exact amount of fees charged. Note that the Securities and Exchange Commission (SEC) also imposes a fee at the time of sale, which is required for all equity trades. Yes. You have the convenience of trading fractions of a share instead of having to trade a whole share. This provides more flexibility and the ability to help diversify your investment portfolio. When you place your first trade, you will be asked to review the . Proceeding with the trade acknowledges your agreement to the terms and conditions in the agreement. There are several ways to deposit money into your brokerage account. For more information, click . To learn more about the differences between a bank wire and EFT click . Or to link your bank account now click . The default withholding election for your Amazon RSUs is Sell to Cover, meaning a portion of your shares will be sold at the time your RSUs vest to cover your estimated tax obligation. You may still owe additional taxes after your vest takes place. Please see a tax advisor for more information. There are three withholding elections that you are able to choose from for your Amazon RSU vest events - Pay Cash to Cover Taxes, Sell All Shares, or Sell to Cover (default.) To make changes to your current election or to review additional information regarding these tax elections see instructions . If you elect to pay cash to cover taxes, you must deposit the estimated tax withholdings into your account in time for the deposit to settle 5 business days prior to vest date. To open your account follow the instructions and note that this process can take up to 48 hours to complete before you can begin to deposit funds to your account. To deposit funds into your account click . Once you've sold your stock, you can have the cash in your account sent directly to your bank by setting up electronic funds transfer (EFT). . Yes, once you've opened your account, you can transfer any vested shares into your Fidelity account. To do this, . You can transfer your shares to another broker of your choice. The preferred method is to request the transfer through your broker. If you are not able to do so, . You can submit the form by regular mail, overnight, or fax directly to TOA at (877) 236-4162. You can expect to have the full asset transfer completed in 5 to 7 days. Before you complete the form, make sure you have the following information from the broker you are transferring to: Receiving broker's name Receiving broker's address DTC number or clearinghouse number (DTC number in the more common), and Your account number at the receiving firm Note: Your name should be presented as it appears on your Fidelity Account. If you are an active Amazon employee, address changes are done through Amazon. It will take 3–5 days for Fidelity to receive the update. PeoplePortal users: Just click the Personal Information link to update your address. A to Z users: Click the Profile button to update your address. Active Whole Foods Market Team Members: Please update your address in Workday. If you are no longer an active employee at Amazon, you can update your address at . Just log in and click the Profile link at the top of the page. Use the Edit personal information link under the Personal Information section of the page. By contributing any appreciated stock to Fidelity Charitable, rather than selling the stock and then donating the funds, you can potentially eliminate capital gains tax on the sale of the stock. To do this, you'll need to open a Giving Account (if you don't already have one). Then, you can simply contribute any appreciated restricted stock units to Fidelity Charitable. Fidelity Charitable will sell the stock, and fund your Giving Account with the proceeds. Those funds are then available for you to recommend grants to your favorite charities. With this strategy, your favorite charities can potentially receive more support. Your tax deduction is generally equal to the fair market value of the stock on the day of the contribution, provided that the requisite holding periods are met. Investing involves risk, including risk of loss. Amazon, Morgan Stanley, and Fidelity Investments are not affiliated. Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g., $250.00). Be sure to open your account. If you don't, you may be subject to additional U.S. IRS-mandated tax withholding on certain transactions. Fidelity Charitable is the brand name for Fidelity Investments Charitable Gift Fund, an independent public charity with a donoradvised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license. "Giving Account" is a registered service mark of the Trustees of Fidelity Charitable. Fidelity does not impose a charge for accessing Fidelity Mobile, but you must be enrolled in a data service plan with your carrier. Orders placed through Fidelity Mobile are sent for execution via Fidelity’s order routing procedures, and are subject to standard trading and account requirements. Fidelity Stock Plan Services, LLC, provides recordkeeping and/or administrative services to your company's equity compensation plan, in addition to any services provided directly to the plan by your company or its service providers. Fidelity Brokerage Services LLC, Member NYSE, , 900 Salem Street, Smithfield, RI 02917 2022 FMR LLC. All rights reserved. 868809.8.0 Copyright 1998-2022 FMR LLC. 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Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
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