Shares may be transferred to your brokerage account through the DRS (Direct Registration System) electronic share transfer service. Broadridge cannot initiate a DRS transfer; the broker initiates these transfers. Broadridge does not charge a fee to transfer shares, but your broker may. Consult with your broker to see if a charge will be applied to your transfer request.
To transfer your shares to your broker, please follow these steps:
- Contact your broker and request a transfer.
- Your broker will ask for some account-specific information, including:
- The name of the Company/Stock Issuer of the shares and its corresponding 9-digit CUSIP;
- The transfer agent’s name (Broadridge) and DRS number (7824);
- Your Broadridge account number. This number can be obtained from your statement, dividend check stub, ACH Confirmation, or your online account;
- The number of shares you wish to transfer;
- Whether you hold your shares in DRS Book-Entry or certificate form; and
- The corresponding Taxpayer Identification Number (TIN) is associated with the account. This is often your Social Security Number. If you are a foreign shareholder without a TIN, your broker can enter all 9s in the TIN field when submitting the transfer request.
- The broker will then initiate the transfer of shares from Broadridge to your brokerage account.
A DRS transfer can only move whole shares. If you hold a fractional share and the option to move all shares is selected during the DRS transfer process, the fractional share that remains in the account will be automatically sold. The sale of the fractional share will be subject to any applicable sale and brokerage fees, and Plan participation will be terminated.