Form 4: Hewlett Packard Enterprise Executive Gerri Gold Reports Stock Transactions
SEC Form 4 Filing
Gerri Gold, EVP, Pres & CEO Financial Services at Hewlett Packard Enterprise, reports multiple transactions involving common stock and restricted stock units.
Summary
- Gerri Gold, an executive at Hewlett Packard Enterprise, has reported several transactions involving the company's common stock and restricted stock units.
- These transactions include the acquisition and disposal of common stock, as well as the vesting of restricted stock units.
- The reported transactions occurred on December 7th and 8th, 2024.
- The price of the common stock was $23.95 per share for the transactions on December 7th and 8th.
- The document also details the vesting schedule of previously granted restricted stock units, including those granted on December 9, 2021, December 8, 2022, and December 7, 2023.
- Dividend equivalent rights have accrued on these restricted stock units, with payments made on July 18, 2024, and October 18, 2024, at $20.67 and $20.69 per RSU respectively.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of executive stock transactions and vesting schedules, which is generally neutral to positive. The vesting of stock units is a positive sign of continued commitment from the executive.
Positives
- The vesting of restricted stock units indicates a continued commitment to the company by the executive.
- The disclosure of dividend equivalent rights provides transparency to the compensation structure.
Future Outlook
The document outlines future vesting dates for restricted stock units, indicating continued equity-based compensation for the executive.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often closely watched by investors as they can provide insights into management's view of the company's prospects.
Comparison to Industry Standards
- The vesting schedules and dividend equivalent rights are typical components of executive compensation packages in the technology sector.
- Companies like IBM, Oracle, and Dell also use restricted stock units and similar equity-based compensation to align executive interests with shareholder value.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding executive compensation.
- The vesting of restricted stock units aligns executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 2021-12-09 | Grant date of 30,884 restricted stock units. |
| 2022-12-08 | Grant date of 107,428 restricted stock units. |
| 2022-12-09 | Vesting date of 11,240 restricted stock units granted on 12/09/21. |
| 2023-12-07 | Grant date of 93,052 restricted stock units. |
| 2023-12-08 | Vesting date of 35,809 restricted stock units granted on 12/08/22. |
| 2023-12-09 | Vesting date of 9,822 restricted stock units granted on 12/09/21. |
| 2024-07-18 | Dividend equivalent rights paid at $20.67 per RSU. |
| 2024-10-18 | Dividend equivalent rights paid at $20.69 per RSU. |
| 2024-12-07 | Reported transactions of common stock and vesting of 31,017 restricted stock units granted on 12/07/23. |
| 2024-12-08 | Reported transactions of common stock and vesting of 34,165 restricted stock units granted on 12/08/22. |
| 2024-12-10 | Date of filing by Ki Hoon Kim as Attorney-in-Fact for Gerri A Gold. |
| 2024-12-09 | Future vesting date of 9,822 restricted stock units granted on 12/09/21. |
| 2024-12-08 | Future vesting date of 34,166 restricted stock units granted on 12/08/22. |
| 2025-12-07 | Future vesting date of 31,017 restricted stock units granted on 12/07/23. |
| 2026-12-07 | Future vesting date of 31,018 restricted stock units granted on 12/07/23. |
Keywords
Hewlett Packard Enterprise, HPE, Gerri Gold, stock transactions, restricted stock units, dividend equivalent rights, executive compensation
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