HPQ.NYSEHp INC

Form 4: HP Inc. Executive David P. McQuarrie Reports Stock Transactions

Sentiment:

SEC Form 4

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David P. McQuarrie, Chief Commercial Officer of HP Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

  • On November 1, 2024, David P. McQuarrie, Chief Commercial Officer of HP Inc., reported transactions involving HPQ common stock.
  • McQuarrie vested 19,236 restricted stock units (RSUs), each representing a right to receive one share of HP common stock.
  • 7,051 shares were withheld by HP to satisfy tax obligations upon the vesting of the RSUs at a price of $36.28 per share.
  • Following these transactions, McQuarrie directly owns 18,579 shares of HPQ common stock and 17,954 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of HP Inc.'s executives. It is standard practice for company officers to receive and vest stock-based compensation.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax withholding.

Key Dates

DateDescription
11/01/2022Reporting person was granted 53,860 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date.
4/30/2024Includes 945 shares acquired under HP's 2021 employee stock purchase plan.
11/01/2024Vesting of 19,236 restricted stock units and tax withholding.
11/05/2024Date of the report filing.

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