Form 4: Hewlett Packard Enterprise Executive Phil Mottram Reports Stock Transactions
SEC Form 4
EVP and GM of Intelligent Edge at Hewlett Packard Enterprise, Phil Mottram, reports the vesting and subsequent sale of restricted stock units.
Summary
- On May 28, 2024, Phil Mottram, EVP and GM of Intelligent Edge at Hewlett Packard Enterprise, reported transactions involving Hewlett Packard Enterprise Co [HPE] common stock.
- Mottram exercised 17,140 Restricted Stock Units (RSUs) that vested on May 28, 2024, receiving common stock.
- Following the exercise, Mottram disposed of 8,499 shares of common stock at a price of $18.41.
- After these transactions, Mottram directly owns 35,107 shares of HPE common stock and holds 157,475.9668 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The document details future vesting dates for previously granted RSUs, indicating future potential transactions.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Comparison to Industry Standards
- Executive stock transactions are common across publicly traded companies, with the specifics varying based on compensation structures and individual financial planning.
- Companies like Cisco, Juniper Networks, and Dell Technologies also have executives who regularly report stock transactions via Form 4 filings.
- The vesting schedules and RSU grants are typical components of executive compensation packages in the tech industry, designed to align executive interests with shareholder value.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/28/2021 | Reporting person was granted 46,992 restricted stock units |
| 12/09/2021 | Reporting person was granted 97,529 RSUs |
| 12/08/2022 | Reporting person was granted 138,122 RSUs |
| 12/07/2023 | Reporting person was granted 155,087 RSUs |
| 01/11/2024 | Dividend equivalent rights credited to reporting person's account |
| 04/12/2024 | Dividend equivalent rights credited to reporting person's account |
| 05/28/2024 | Vesting of 17,140 RSUs and subsequent sale of shares |
| 05/29/2024 | Date of Form 4 filing |
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