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this post was submitted on 06 Jan 2024
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Technically they are both wrong. The employees usually quicksell the stock, meaning as soon as they get it, the system automatically sells it. So the stock participation plan owns the stock most of the year.
Since the stock is given to them at a discount on the lower price of the begining or ending of the usually 6 month period, they make money either way. That and the fact that most employees feel their work doesn't impact the stock price leads most to simply not care about it. There are always some financially minded who care, but most blame the market for drops. Only a very few blame the leadership.
Source, worked at a similarly large corp that had engineering based CEOs and the a finance CEO who ruined everything. Worked there 15 years. Never going back.
For me, at least, between ESPP, RSU, and SOP, my portfolio is over exposed to my employer. I sell a lot, but due to mandatory holding periods, and recent dips in price, I'm holding more than I want. I don't think that a sense of my work impacting stock really makes a difference in my choice to hold or sell. It's more about long term vs short term capital gains. The only things I quick sell are my RSUs since those have no requirements and taxes are paid on distribution.