Transferring Shares Held
You can transfer shares you hold to another participant in the plan or to a participant who will be new to the plan, provided they meet the plan’s eligibility requirements. You contact your plan administrator for the necessary forms. When you do make a transfer, you’ll receive a transaction confirmation, as will the person to whom you are transferring.
Costs for transferring shares vary by company. Most companies require you to complete a Medallion Signature Guarantee in order to complete the transfer. You will get a Medallion Signature Guarantee as part of a transfer packet from your DRIP administrator. Your bank will be able to help you with completing the signature guarantee.