Form 4: Hewlett Packard Enterprise Executive Transactions: Cox Awarded and Vests Stock Units

Jeremy Cox, SVP, Controller & CTO of Hewlett Packard Enterprise, received and vested a significant number of restricted stock units and common stock on December 9, 2024.

Summary

• On December 9, 2024, Jeremy Cox, a senior executive at Hewlett Packard Enterprise, engaged in multiple transactions involving the company's stock.
• Cox received 64,907 restricted stock units (RSUs), which will vest over the next three years.
• Specifically, 21,635 RSUs will vest on December 9, 2025, and 21,636 RSUs will vest on each of December 9, 2026, and December 9, 2027.
• Additionally, 15,172 RSUs from a previous grant vested on December 9, 2024.
• Cox also acquired 16,543 shares of common stock and disposed of 6,511 shares of common stock.
• Dividend equivalent rights are associated with the RSUs, accruing as dividends are paid on the company's common stock.
• The number of derivative securities includes 1,371 vested dividend equivalent rights and a minor adjustment due to fractional rounding.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which are generally viewed positively as they align executive interests with shareholder value. There are no indications of negative sentiment.

Positives

• The vesting of RSUs indicates continued alignment of executive interests with shareholder value.
• The grant of new RSUs provides an incentive for future performance.

Future Outlook

The document outlines the vesting schedule for the newly granted RSUs, indicating future stock-based compensation for the executive.

Industry Context

Stock-based compensation is a common practice in the technology industry to attract and retain top talent, aligning executive interests with company performance.

Comparison to Industry Standards

• Stock-based compensation is a standard practice across the technology sector, with companies like IBM, Oracle, and Dell also using RSUs and stock options as part of their executive compensation packages.
• The vesting schedules and terms of these grants are generally consistent with industry norms, designed to incentivize long-term performance and retention.
• The specific number of RSUs granted and the vesting schedule are tailored to the individual executive's role and responsibilities within HPE.

Stakeholder Impact

• Shareholders may view the vesting of RSUs as a positive sign of executive alignment with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Restricted Stock Units, RSUs, Stock Options, Executive Compensation, Insider Trading, HPE, Hewlett Packard Enterprise, Jeremy Cox