Form 4: HP Inc. Director Charles V. Bergh Reports Stock Transactions
SEC Form 4 Filing
Director Charles V. Bergh reports the vesting and subsequent disposal of restricted stock units (RSUs) into common stock on April 1, 2024.
Summary
- On April 1, 2024, Charles V. Bergh, a director of HP Inc., reported transactions involving restricted stock units (RSUs).
- Bergh converted 6,470 RSUs into common stock.
- The same day, Bergh disposed of 6,470 shares of common stock.
- Following these transactions, Bergh directly owns 27,155 shares of HP Inc. common stock.
- The RSUs were initially granted on May 18, 2017, and vested one year later, with Bergh electing to defer receipt of the shares until April 1, 2024.
- The reported transactions were executed pursuant to the terms of the RSU agreement and a prior election to defer receipt of shares.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of key personnel.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disclosure of insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/18/2017 | Reporting person was granted 5,325 RSUs, all of which vested on the one year anniversary of the grant date. |
| 04/01/2024 | Date of transaction: conversion of RSUs to common stock and disposal of common stock. |
| 04/03/2024 | Date of filing of the Form 4. |
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