Form 4: Patricia F. Russo Reports Changes in Beneficial Ownership of Hewlett Packard Enterprise Co Stock

Patricia F. Russo, a director at Hewlett Packard Enterprise Co, reports the vesting of restricted stock units and subsequent deferral of common stock receipt.

Summary

• Patricia F. Russo, a director of Hewlett Packard Enterprise Co [HPE], filed a Form 4 on April 12, 2024, reporting changes in her beneficial ownership of HPE stock.
• On April 10, 2024, restricted stock units (RSUs) granted on May 5, 2023, vested, resulting in the acquisition of 17,389.9376 shares of common stock.
• Ms. Russo elected to defer the receipt of these shares until her service as a board member terminates.
• The reported transaction also includes 379.9376 vested dividend equivalent rights.
• Following the reported transaction, Ms. Russo directly owns 15,318 shares of common stock and indirectly owns 306,244.6906 shares through Merrill Lynch.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.

Future Outlook

The reporting person has elected to defer the receipt of common stock until the termination of her service as a member of the Issuer's Board of Directors.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates