Form 4: Ann M. Livermore Reports Changes in Beneficial Ownership of Hewlett Packard Enterprise Co. Stock
SEC Form 4 Filing
Director Ann M. Livermore reports acquisition of restricted stock units and transfer of shares to a trust, impacting her beneficial ownership of Hewlett Packard Enterprise Co. stock.
Summary
- Ann M. Livermore, a director of Hewlett Packard Enterprise Co. (HPE), filed a Form 4 detailing changes in her beneficial ownership of HPE stock.
- On May 10, 2024, Livermore was granted 14,068 restricted stock units (RSUs) that will vest on the earlier of May 10, 2025, or the date of HPE's 2025 Annual Stockholders Meeting.
- These RSUs represent a contingent right to receive one share of HPE common stock each.
- Livermore also transferred 17,390 shares into her 2003 Trust on April 17, 2024, which resulted in a decrease in her direct ownership and an increase in her indirect ownership through the trust.
- Following these transactions, Livermore directly owns 13,717 shares of HPE common stock.
- She also indirectly owns 132,139 shares through the Livermore 2003 Trust, 4,488 shares through The Ann Livermore IRA at Charles Schwab, and 39,224 shares through the Ann M Livermore Grantor Retained Annuity Trust IV.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The grant of 14,068 restricted stock units to a director aligns her interests with those of the shareholders, incentivizing her to work towards the company's success.
Future Outlook
The granted RSUs will vest on the earlier of May 10, 2025, or the date of Issuer's 2025 Annual Stockholders Meeting.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their impact on stock ownership.
Stakeholder Impact
- The change in ownership may be of interest to shareholders as it reflects the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Transfer of 17,390 shares into the reporting person's 2003 Trust. |
| 05/10/2024 | Grant of 14,068 restricted stock units (RSUs). |
| 05/10/2025 | Earliest date for vesting of the 14,068 restricted stock units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.