The Stock Sale Confirmation noun might be used in a few scenario contexts, but has a particular role within employee stock purchase plan (ESPP) integrations. See Chapter 32, Stock Plan Scenarios for background.

An ESPP participant may deal in his or her stock directly with the broker. This type of direct interaction is outside the scope of HR-XML's stock plan specifications. However, in some contexts it may be necessary for the broker to report certain stock dispositions back to the stock plan administrator. Such reporting may be required under applicable securities regulations. For example, if a participant makes a stock disposition within the holding period attributed to the original stock purchase, the broker may be obliged to inform the administrator that a disqualifying deposition has taken place. The StockSaleConfirmation noun can be used for this reporting between the broker and the ESPP administrator. The ESPP administrator might also use the StockSaleConfirmation noun to communicate the sale to the employer's payroll service provider.

The Stock Sale Confirmation noun contains details regarding the participant, sale date, quantity of stock sold, stock price, an identifier to tie the shares sold to the original purchase.