Employee Stock Purchase Plan (ESPP)

Participating in the CenturyLink ESPP:

The ESPP is available to all eligible CenturyLink employees – whether union or non-union or full- or part-time – who have completed 20 days of service. Please note that currently the ESPP is not available to employees of Tel-USA or any non-U.S. subsidiaries. Eligible employees may contribute 1% - 20% of base pay per pay period – after-tax dollars only. Contributions may be made only through payroll deductions. Contributions are held by the company without interest and are used twice a year to purchase shares of CenturyLink stock. Shares are purchased for you at a 15% discount off the closing price on the first or last business day of the offering period, whichever is less.

What you need to do:

  • Enroll during the applicable enrollment period preceding each six-month offering period:
    • 1/1 through 6/30 offering period: enroll between December 1 and December 20
    • 7/1 through 12/31 offering period: enroll between June 1 and June 20
  • If you need to cancel your participation in the CenturyLink ESPP during an offering period, go to E*Trade. You may elect the option to purchase stock with accumulated contributions or request a refund. If you elect a refund, your request must be received no later than 21 days before the end of the offering period.

  • If you are currently participating in the 7/1/11 through 12/31/11 offering period and need to cancel your participation, you may do so prior to December 20, 2011 by using the Termination Form.

Do you still have questions?

  • Contact E*Trade at 1.800.838.0908, or the CenturyLink 401(k) and ESPP benefit department at 1.866.372.3134.

Legacy Qwest Employees:

The former Qwest ESPP was discontinued as of March 31, 2011. If you have a share balance, those shares have been converted to CenturyLink shares and are available to sell or transfer via the Morgan Stanley Smith Baney website or by phone at 1.877.691.5464. If you have questions please contact StockAdmin2@CenturyLink.com, or call 1.888.261.5796.