Form 4: Hewlett Packard Enterprise Executive Fidelma Russo Reports Stock Transactions
SEC Form 4 Filing
Fidelma Russo, EVP, GM, Hybrid Cloud & CTO of Hewlett Packard Enterprise, reports the vesting and disposal of restricted stock units and associated common stock.
Summary
- On September 29, 2024, Fidelma Russo, EVP, GM, Hybrid Cloud & CTO of Hewlett Packard Enterprise, reported transactions involving Hewlett Packard Enterprise Co [HPE] common stock.
- 103,361 restricted stock units vested and were converted into common stock at a price of $20.14 per share.
- 47,453 shares were disposed of to cover tax obligations at a price of $20.14 per share.
- Following these transactions, Russo directly owns 55,908 shares of HPE common stock.
- The transactions also involved dividend equivalent rights associated with previously granted restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions, indicating a neutral sentiment. It reflects standard executive compensation practices.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation packages, including restricted stock units, are standard practice among large technology companies like Hewlett Packard Enterprise.
- The vesting schedules and terms of these RSUs are generally aligned with industry norms to incentivize long-term performance and retention.
- Companies like IBM, Oracle, and Dell Technologies also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they involve the vesting and disposal of shares already allocated as part of executive compensation.
- Employees may be indirectly affected by executive compensation structures, as they can influence overall company performance and employee morale.
Key Dates
| Date | Description |
|---|---|
| 09/29/2021 | Reporting person was granted 283,889 restricted stock units |
| 12/09/2021 | Reporting person was granted 260,078 RSUs |
| 12/08/2022 | Reporting person was granted 276,243 RSUs |
| 12/07/2023 | Reporting person was granted 186,104 RSUs |
| 01/11/2024 | Dividend equivalent rights credited at $16.37 per RSU |
| 04/12/2024 | Dividend equivalent rights credited at $17.42 per RSU |
| 07/18/2024 | Dividend equivalent rights credited at $20.67 per RSU |
| 09/29/2024 | Vesting of 103,361 restricted stock units and disposal of 47,453 shares for tax obligations. |
| 10/01/2024 | Date of signature for the Form 4 filing. |
| 12/07/2024 | 62,034 RSUs will vest |
| 12/08/2024 | 92,081 RSUs will vest |
| 12/09/2024 | 86,693 RSUs will vest |
| 12/07/2025 | 62,035 RSUs will vest |
| 12/08/2025 | 92,081 RSUs will vest |
| 12/07/2026 | 62,035 RSUs will vest |
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