Form 4: HPE SVP Sells Shares Under Pre-Arranged Plan
Statement of Changes in Beneficial Ownership
Hewlett Packard Enterprise's SVP, Controller & CTO, Jeremy Cox, sold a significant number of common shares in December 2025, following the vesting of restricted stock units, all under a pre-arranged trading plan.
Summary
- Jeremy Cox, SVP, Controller & CTO of Hewlett Packard Enterprise Co (HPE), reported transactions involving company common stock.
- On December 9, 2025, Cox acquired 22,200 shares of common stock at $24.77 through the exercise/conversion of derivative securities (Restricted Stock Units or RSUs).
- Concurrently, 8,737 shares were disposed of at $24.77 to cover tax liabilities related to the RSU vesting.
- Also on December 9, 2025, Cox sold 50,061 shares of common stock at a weighted average price of $23.6998, with prices ranging from $23.60 to $23.81.
- On December 10, 2025, an additional 13,442 shares were sold at $24.75.
- These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on June 27, 2025.
- Following these transactions, Cox beneficially owns 13,463 shares of common stock directly and 44,398 Restricted Stock Units (RSUs) directly.
- The 22,200 shares acquired on December 9, 2025, represent vested RSUs and rounded dividend equivalent rights from a grant of 64,907 RSUs on December 9, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral. While insider selling can sometimes be perceived negatively, these transactions were part of a pre-arranged 10b5-1 trading plan and followed the vesting of restricted stock units, which is a common practice for executive compensation and liquidity management.
Positives
- Vesting of 22,200 Restricted Stock Units (RSUs) on December 9, 2025, indicating a successful compensation milestone for the executive.
Negatives
- SVP, Controller & CTO Jeremy Cox sold a total of 63,503 shares of Hewlett Packard Enterprise common stock across two days in December 2025.
- The sales occurred at prices ranging from $23.60 to $24.75 per share.
Future Outlook
Future vesting dates for Restricted Stock Units (RSUs) are scheduled for December 9, 2026, and December 9, 2027, with 21,636 units vesting on each date.
Industry Context
This filing details routine executive compensation-related stock transactions, common across the technology sector for senior leadership. Such transactions, especially when conducted under a Rule 10b5-1 plan, are typically pre-scheduled and not indicative of immediate company-specific or broader industry trends.
Stakeholder Impact
- Shareholders: May observe the executive's stock sales, which could be interpreted in various ways, though the 10b5-1 plan mitigates concerns about opportunistic selling.
Next Steps
- 21,636 Restricted Stock Units (RSUs) are scheduled to vest on December 9, 2026.
- An additional 21,636 Restricted Stock Units (RSUs) are scheduled to vest on December 9, 2027.
Key Dates
| Date | Description |
|---|---|
| 2024-12-09 | Reporting person was granted 64,907 restricted stock units (RSUs). |
| 2025-06-27 | Trading plan adopted pursuant to Rule 10b5-1(c). |
| 2025-12-09 | Vesting of 21,635 RSUs (part of the 64,907 grant), acquisition of 22,200 common shares, disposal of 8,737 shares for tax, and sale of 50,061 shares. |
| 2025-12-10 | Sale of 13,442 shares of common stock. |
| 2025-12-11 | Date of signature for the Form 4 filing. |
| 2026-12-09 | Future vesting date for 21,636 RSUs. |
| 2027-12-09 | Future vesting date for 21,636 RSUs. |
Keywords
Hewlett Packard Enterprise, HPE, Jeremy Cox, Insider Trading, Form 4, Stock Sale, Restricted Stock Units, RSU Vesting, 10b5-1 Plan, Executive Compensation
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