Form 4: HPQ CCO David McQuarrie Reports Stock Transactions

HP Inc.'s Chief Commercial Officer, David P. McQuarrie, reported the vesting of restricted stock units and related common stock transactions, including shares withheld for tax obligations.

Summary

• David P. McQuarrie, Chief Commercial Officer of HP Inc., reported transactions on December 7, 2025, involving the acquisition and disposition of common stock.
• Acquired 57,814 shares of common stock through the vesting of Restricted Stock Units (RSUs).
• Disposed of 28,668 shares of common stock at a price of $25.91 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, McQuarrie directly beneficially owns 101,799 shares of HP Inc. common stock.
• The transactions involved the vesting of portions of RSU grants from December 8, 2022 (19,275 units including 1,953 Dividend Equivalent Units), December 19, 2023 (19,112 units including 1,190 Dividend Equivalent Units), and December 9, 2024 (19,427 units including 772 Dividend Equivalent Units).

Sentiment

Score: 6

Explanation: The filing reports the expected vesting of executive compensation in the form of Restricted Stock Units and the subsequent routine disposition of shares for tax purposes. This is a standard, pre-scheduled event and generally viewed as a positive for the executive, reflecting earned compensation, but does not indicate new operational or strategic developments.

Positives

• The vesting of 57,814 Restricted Stock Units (RSUs) indicates the realization of executive compensation, reflecting earned performance.
• The acquisition of common stock increases the executive's direct ownership in the company, further aligning interests with shareholders.

Negatives

• The disposition of 28,668 shares for tax withholding is a routine event and not inherently negative, but it does reduce the net shares acquired by the executive.

Future Outlook

The filing indicates future vesting events for the remaining portions of the RSU grants from 2023 and 2024, as these grants are structured to vest annually over three years on the anniversary of their respective grant dates.

Industry Context

Routine executive compensation practices, such as Restricted Stock Unit (RSU) grants and their scheduled vesting, are common across the technology and broader corporate sectors. These mechanisms are widely used to incentivize and retain key personnel by aligning their long-term interests with company performance.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of executive compensation, with annual vesting schedules and provisions for tax withholding, is a standard practice widely adopted by publicly traded companies.
• This compensation structure is consistent with practices observed in peer companies within the technology hardware and services industry, such as Dell Technologies (DELL) or Xerox (XRX), which also utilize equity awards to compensate and retain senior executives.
• The specific number of units granted and the multi-year vesting schedule are typical for senior executives at companies of HP Inc.'s size and market capitalization.

Stakeholder Impact

• Shareholders: The impact is minor and routine. The vesting and subsequent sale for taxes are part of standard executive compensation and do not indicate a significant change in company operations or strategy. It reflects the ongoing execution of the company's compensation plan.
• Employees: No direct impact on the broader employee base is mentioned in this filing.
• Customers: No direct impact on customers is mentioned in this filing.
• Suppliers: No direct impact on suppliers is mentioned in this filing.
• Creditors: No direct impact on creditors is mentioned in this filing.

Next Steps

• Future annual vesting of the remaining portions of the 2023 and 2024 RSU grants on their respective anniversaries of December 7.

Key Dates

Keywords

HP Inc., HPQ, David P. McQuarrie, Chief Commercial Officer, Form 4, Insider Trading, Restricted Stock Units, RSU, Stock Vesting, Common Stock, Executive Compensation, Share Ownership, Tax Withholding