I am participating in my company's ESPP. My share lots have two restrictions:
- A sales restriction of 18 months, which is what it sounds like: I can't sell the shares until I've held them for 18 months.
- A transfer restriction of 24 months.
So, what is a transfer restriction? I thought it meant that I can't transfer my shares to another broker. This seems pointless, since once I can sell my shares I can effectively transfer them to another broker, by transferring the cash. The only downside is the minor transaction fees. But maybe it means something else.
Here's the screenshot of what I see when I try to transfer a lot. I have no idea what "share issuance" means.
This is via Computershare, for what it's worth.
Hopefully the gist of my question makes sense.