Form 4: HP Inc. Director Mary Anne Citrino Reports Acquisition of Restricted Stock Units

Director Mary Anne Citrino reports the acquisition of restricted stock units in HP Inc., with deferred receipt of common stock until termination of board service.

Summary

• On April 14, 2025, Mary Anne Citrino, a director of HP Inc., was granted 9,568 restricted stock units (RSUs) that vested immediately.
• Citrino elected to defer the receipt of the underlying common stock until her service as a board member ends.
• Additionally, she received 4,784 RSUs, also vested immediately, in lieu of the annual director cash retainer at a price of $24.04.
• The reporting person directly owns 9,568 RSUs and 4,784 RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. The director's acquisition of RSUs can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The director has deferred the receipt of common stock until the termination of her service as a member of HP's Board of Directors.

Industry Context

This filing is a routine disclosure of stock-based compensation for a company director, common in publicly traded companies to align director interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash retainers and equity-based awards like RSUs.
• Companies like Apple (AAPL) and Microsoft (MSFT) also grant RSUs to their directors as part of their compensation packages.
• The vesting schedules and deferral options can vary based on company policy and individual agreements.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates

Keywords

HP Inc., Director, Mary Anne Citrino, Restricted Stock Units, RSUs, Form 4, Beneficial Ownership, HPQ, Securities