Form 4: Hewlett Packard Enterprise Director Exercises Restricted Stock Units
SEC Form 4 Filing
Frank A. D'Amelio, a director at Hewlett Packard Enterprise, exercised restricted stock units and deferred receipt of common stock until termination of service.
Summary
- On April 10, 2024, Frank A. D'Amelio, a director of Hewlett Packard Enterprise Co [HPE], exercised 17,389.9376 restricted stock units (RSUs) that cliff vested on that date.
- These RSUs were initially granted on May 5, 2023, and each represents a contingent right to receive one share of HPE's common stock.
- D'Amelio has elected to defer the receipt of the common stock until his service as a board member ends.
- The transaction also includes dividend equivalent rights that accrued on the RSUs, credited to D'Amelio's account on July 14, 2023, October 13, 2023, and January 11, 2024.
- Following the transaction, D'Amelio beneficially owns 17,389.9376 shares of common stock indirectly through Merrill Lynch.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard insider transaction with no apparent positive or negative implications.
Future Outlook
The reporting person elected to defer the receipt of common stock until the termination of his service as a member of the Issuer's Board of Directors.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the technology industry where stock-based compensation is prevalent.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Reporting person was granted 17,010 restricted stock units |
| 07/14/2023 | 120.9959 dividend equivalent rights at $16.87 per RSU credited to the reporting person's account |
| 10/13/2023 | 123.8592 dividend equivalent rights at $16.48 per RSU credited to the reporting person's account |
| 01/11/2024 | 135.0825 dividend equivalent rights at $16.37 per RSU credited to the reporting person's account |
| 04/10/2024 | Date of Issuer's 2024 Annual Stockholders Meeting and date RSUs cliff vested and were exercised |
| 04/12/2024 | Date of Form 4 filing |
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