Questions/Answers 

It is a plan that allows employees to invest in their company’s shares on favorable terms.

The Legrand Group wishes to further increase your involvement, as an employee, in the future of the company. 

The Employee Share Plan will enable you to become a shareholder in the company, on favorable terms. 

Beyond the financial opportunity, this initiative symbolizes our shared vision of the future and recognition of the hard work of each and every one of you.

All employees (excluding interns and co-operative students) with at least 3 months of service with Legrand (continuously or not) between January 1, 2023, and April 2, 2024 (last day of the subscription period), and who are still employed on that day are eligible to participate. 

No, because temporary workers are under contract with a temporary employment agency, not with a Legrand Group company.

Yes, if you meet the eligibility requirements noted above, you can participate. At retirement, you can choose to sell your shares (because that is one of the rules of early release), or you can continue to hold your shares indefinitely.

You can sign up during the Subscription Period: between March 18 and 6 p.m. ET on April 2, 2024.

If you are working in a country that offers the Legrand Group’s Employee Share Plan (i.e., China, France, India, Italy, U.S.) and you are being paid by Legrand’s payroll in that country, you can sign up for the plan.

If your host country does not participate in the Employee Share Plan, or if you are being paid by an alternative payroll system, you cannot participate.

We recommend that you use the Simulator Tool first to determine how much you want to invest and how much company match you will receive. When you’re ready to scribe, all it takes to sign up is a few clicks:

1. Click on the “Subscribe” button
2. Then click on the “Request password” button 
3. Enter your email address to get a temporary personal link
4. Choose your password
5. Complete the subscription screen and don’t forget to confirm your subscription

If you have received your login and password by mail, simply enter this information on the screen in step 3 and click on the “Log in” button.  

If you have forgotten your password, email employeeshareplan-usa@legrand.com. 

Contact your local HR representative or email employeeshareplan-usa@legrand.com.

Yes, you can change or cancel your election as many times as you’d like, before 6 p.m. on April 2. 

Your contribution cannot exceed 25% of your gross annual pay for 2023 (including commissions and bonuses).

A link to a simulator is available on this website to help determine the maximum amount that you can invest in the Employee Share Plan.

You are responsible for complying with the maximum investment limit.

The HR department may contact you during or after the subscription period to reduce your contribution amount. However, the HR department is under no obligation to do so and cannot be held liable if you exceed the investment limit of 25% of your annual pay for 2023.

If the total number of shares requested exceeds the number of shares available under the Employee Share Plan (maximum of 300,000 shares for all participating countries), the highest subscriptions will be capped at a level that allows the total number of shares offered to be met. Subscriptions for an amount equal to or less than this “maximum” level will be met in full, and subscriptions for a higher amount will be limited to this level. You will be notified if your election is capped.

If you have opted for several payment methods, the reduction will apply in the following order of priority:

1. One-time payment via personal check, certified bank check or money order
2. Payments via payroll deduction

Your Legrand shares will be held in an account in your name at Banque Transatlantique, a bank in France.

In return for the benefits of the Legrand Group’s Employee Share Plan (e.g., discount, company match, interest free payroll deductions over 12 months), your investment is locked for five years. 

It is possible to sell your shares and receive the money in cash before the holding period expires, if you meet one of the early release rules. See the U.S. Supplement on the “Documentation” section of this website.

The rules of early release are specific to your country and are listed in the U.S. Supplement, available in the “Documentation” section of this website.

The early release event must occur after the end of the subscription period (i.e., after April 2, 2024). Early release requests can be submitted after the subscription period ends, but shares will not be released until they have been delivered to your account at Banque Transatlantique (i.e., after May 14, 2024). 

Contact your local HR for an early release form and a list of required documentation to prove the early release. Submit the completed form and required documentation as instructed.
If your request is validated, Banque Transatlantique will be instructed to sell your shares. If you elect to pay for your contribution by payroll deduction over 12 months, any outstanding amount that you owe will be paid to Legrand. The remaining proceeds from the sale of your shares will be deposited into your cash account at Banque Transatlantique. Then you can request a bank transfer from the cash account to your personal bank account at any time. Please note that it may take several weeks to receive your money.

Note that any investment held for one year or less is subject to ordinary income tax, while investments held for more than one year are subject to capital gains tax. Capital gains tax rates are generally lower than ordinary income tax rates. Consult your tax advisor for more information.  

Yes, your investment is subject to U.S. federal tax (and possibly state and local taxation, depending on where you live). You will immediately owe tax on the 20% discount and company match. Legrand will withhold income and required regulatory taxes (e.g., FICA, Medicare) from your pay in May or June 2024 on this compensation at the supplemental federal tax rate (i.e., 20%) and the applicable state and local taxes. You may want to increase your tax withholding or make an estimated tax payment if you think you may owe more tax. 

Additionally, you will owe income taxes on any dividends you receive each year. Dividends are subject to taxation in France; Banque Transatlantique will withhold French taxes at the current rate of 12.8%. For U.S. federal income tax purposes, you will need to include the dividend paid (including any French withholding tax) in your gross income. You may be able to claim the French withholding tax as a credit or deduction for U.S. income tax purposes. 

If you sell your shares, you will owe taxes on any profits you earn. Be sure to keep a copy of your May or June 2024 pay statement which shows the amount of the discount and company match that you will pay tax on, so you are not double taxed. 

Please consult your personal tax advisor for more information.