Form 4: HP CEO Lores Reports Routine Stock Transactions

HP Inc. CEO Enrique Lores reported the vesting of restricted stock units and subsequent tax-related share dispositions on December 7, 2025.

Summary

• HP Inc. President and CEO Enrique Lores reported transactions involving HP common stock and restricted stock units (RSUs).
• On December 7, 2025, Lores acquired 189,200 shares of common stock at a price of $0, primarily due to RSU vesting.
• Concurrently, 89,669 shares were disposed of at $25.91 to satisfy tax withholding obligations related to the vesting.
• Following these transactions, Lores directly beneficially owns 183,378 shares of common stock.
• An additional 888,908 shares are indirectly beneficially owned through a limited partnership controlled by Lores.
• Several tranches of RSUs vested, including 66,814 units (from a 2022 grant), 63,391 units (from a 2023 grant), and 58,995 units (from a 2024 grant), all including dividend equivalent units (DEUs).

Sentiment

Score: 6

Explanation: The filing reports routine, expected transactions related to executive compensation. The vesting of RSUs is a positive for the executive, aligning interests with shareholders, while the tax-related disposition is a standard, neutral event.

Positives

• Significant vesting of restricted stock units indicates continued long-term incentive alignment between the CEO and shareholders.
• The acquisition of 189,200 shares of common stock at $0 reflects the realization of equity compensation.

Negatives

• Disposition of 89,669 shares to cover tax withholding reduces the CEO's direct shareholding, though this is a standard practice for equity compensation.

Future Outlook

The filing indicates future vesting schedules for previously granted RSUs, with annual vesting over three years on the anniversary of the grant dates (December 7th for the 2022, 2023, and 2024 grants).

Industry Context

This is a routine insider transaction filing and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard executive compensation practices within publicly traded companies.

Comparison to Industry Standards

• This Form 4 details routine equity compensation vesting and tax withholding, which is a standard practice across publicly traded companies for executive compensation. There are no specific comparable companies, projects, or results mentioned in the filing to assess against global benchmarks.

Related Party Transactions

• 888,908 shares of common stock are indirectly beneficially owned by Enrique Lores through a limited partnership which he controls.

Stakeholder Impact

• Shareholders: The report indicates the CEO's continued equity ownership and alignment with shareholder interests through long-term incentive plans.
• Employees: Reflects standard executive compensation practices.

Next Steps

• Future annual vesting of remaining RSUs from the 2023 grant (59,446 units remaining after this transaction).
• Future annual vesting of remaining RSUs from the 2024 grant (113,306 units remaining after this transaction).

Key Dates

Keywords

HP Inc., HPQ, Enrique Lores, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Equity Compensation, CEO Stock Transactions, Beneficial Ownership