Form 4: HPE Executive Jeremy Cox Reports Stock Transactions

Hewlett Packard Enterprise SVP Jeremy Cox reported the acquisition and disposition of common stock, alongside vesting and dividend equivalent rights for restricted stock units.

Summary

• Jeremy Cox, SVP, Controller & CTO of Hewlett Packard Enterprise Co (HPE), reported transactions involving common stock and Restricted Stock Units (RSUs).
• On December 7, 2025, Mr. Cox acquired 76,284 shares of HPE common stock at a price of $23.33 per share.
• Concurrently, 26,223 shares of common stock were disposed of at $23.33 per share, typically to cover tax obligations related to the RSU vesting.
• Following these transactions, Mr. Cox's direct beneficial ownership of common stock is 50,061 shares.
• The filing details the accrual of dividend equivalent rights on various RSU grants, with future vesting dates extending through December 2027.
• The transactions were made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 7

Explanation: The filing reports routine insider transactions related to executive compensation, specifically RSU vesting and tax-related dispositions. It indicates continued executive ownership and adherence to pre-planned compensation structures, without revealing new operational or strategic information that would significantly alter the company's outlook. The sentiment is neutral to slightly positive due to the executive's continued equity stake.

Positives

• The executive's acquisition of 76,284 shares of common stock, net of tax withholding, increases his direct equity stake in the company, aligning his interests with shareholders.
• Accrual of dividend equivalent rights on Restricted Stock Units enhances the overall value of the executive's compensation package.

Negatives

• A disposition of 26,223 shares was made to cover tax liabilities, which reduces the immediate increase in direct beneficial ownership.

Future Outlook

Future vesting events for Restricted Stock Units are scheduled for December 8, 2025 (20,463 RSUs), December 9, 2025 (21,635 RSUs), December 7, 2026 (72,374 RSUs), December 9, 2026 (21,636 RSUs), and December 9, 2027 (21,636 RSUs).

Industry Context

This filing reflects routine executive compensation practices within the technology industry, where equity awards like Restricted Stock Units are a common component of long-term incentive plans designed to align executive interests with shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) with multi-year vesting schedules is a standard practice for executive compensation across major technology companies, comparable to practices at peers like Dell Technologies or Cisco Systems.
• The disposition of shares to cover tax obligations upon RSU vesting (Code F transaction) is a common and expected mechanism for managing equity compensation, consistent with industry benchmarks.

Stakeholder Impact

• Shareholders: The transactions demonstrate continued alignment of executive interests with shareholder value through equity ownership.
• Employees: Reflects the company's established executive compensation framework, which may influence broader compensation strategies.

Next Steps

• Continued vesting of remaining Restricted Stock Units on scheduled future dates.
• Potential future dividend equivalent rights accruals on unvested RSUs.

Key Dates

Keywords

Hewlett Packard Enterprise, HPE, Jeremy Cox, Form 4, insider trading, stock transactions, RSU, restricted stock units, beneficial ownership, common stock, executive compensation