Form 4: Hewlett Packard Enterprise Executive Kirt P. Karros Reports Stock Transactions
SEC Form 4 Filing
Kirt P. Karros, SVP, Treasurer and FP&A at Hewlett Packard Enterprise, reported multiple transactions involving common stock and restricted stock units, including vesting of previously granted units and dividend equivalent rights.
Summary
- Kirt P. Karros, a senior executive at Hewlett Packard Enterprise, has reported several transactions related to the company's stock.
- These transactions include the vesting of restricted stock units (RSUs) granted in previous years.
- Specifically, RSUs granted on 12/09/21, 12/08/22, and 12/07/23 have vested in part on 12/09/22, 12/09/23, 12/08/23, 12/08/24 and 12/07/24.
- The report also details the accrual of dividend equivalent rights on these RSUs, with specific amounts credited on 07/18/24 and 10/18/24 at $20.67 and $20.69 per RSU respectively.
- The transactions include both acquisitions and disposals of common stock, with some shares being acquired through the vesting of RSUs and others being disposed of.
- The price of the common stock at the time of these transactions was $23.95 per share.
- The report also includes a de minimus adjustment due to fractional rounding of the dividend equivalent rights.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. The sentiment is neutral to slightly positive due to the vesting of RSUs, which can be seen as a form of compensation.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into executive compensation and ownership.
Comparison to Industry Standards
- Stock-based compensation, including RSUs, is a common practice among publicly traded technology companies like Hewlett Packard Enterprise.
- Companies such as IBM, Dell, and Oracle also use similar compensation structures to align executive interests with shareholder value.
- The vesting schedules and dividend equivalent rights are typical features of RSU grants in the tech industry.
- The reported transactions are consistent with standard reporting requirements for company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously granted stock-based compensation.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2021-12-09 | Grant date of 48,765 restricted stock units (RSUs), with vesting over three years. |
| 2022-12-08 | Grant date of 141,191 restricted stock units (RSUs), with vesting over three years. |
| 2022-12-09 | Vesting date of 16,255 RSUs from the 2021 grant. |
| 2023-12-07 | Grant date of 93,052 restricted stock units (RSUs), with vesting over three years. |
| 2023-12-08 | Vesting date of 47,063 RSUs from the 2022 grant. |
| 2023-12-09 | Vesting date of 16,255 RSUs from the 2021 grant. |
| 2024-07-18 | Dividend equivalent rights credited at $20.67 per RSU. |
| 2024-10-18 | Dividend equivalent rights credited at $20.69 per RSU. |
| 2024-12-07 | Vesting date of 31,017 RSUs from the 2023 grant and other stock transactions. |
| 2024-12-08 | Vesting date of 47,064 RSUs from the 2022 grant and other stock transactions. |
| 2024-12-10 | Date of filing by Ki Hoon Kim as Attorney-in-Fact for Kirt P. Karros. |
Keywords
stock transactions, restricted stock units, RSUs, dividend equivalent rights, executive compensation, insider trading, Hewlett Packard Enterprise, HPE, Kirt P. Karros
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