HPE director plans sale of 17,000 shares via JPM
A Hewlett Packard Enterprise director has filed a Rule 144 notice to sell 17,000 common shares previously received as board compensation through a broker on the NYSE.
Rhea-AI Filing Summary
Hewlett Packard Enterprise Company (HPE) is the issuer for a planned resale of 17,000 shares of common stock under Rule 144 for the account of director Gary M. Reiner, with J.P. Morgan Securities LLC acting as agent and attorney-in-fact.
The shares were originally received as board compensation in grants dated April 25, 2012, April 20, 2013, and March 15, 2021, and are expected to be sold through J.P. Morgan Securities LLC on the NYSE.
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Key Figures
Shares proposed to be sold: 17,000 shares of common stock
Board compensation grant 1: 3,455 shares
Board compensation grant 2: 4,080 shares
+1 more
4 metrics
Shares proposed to be sold
17,000 shares of common stock
Rule 144 notice for the account of director Gary M. Reiner
Board compensation grant 1
3,455 shares
Common stock granted April 25, 2012 as board compensation
Board compensation grant 2
4,080 shares
Common stock granted April 20, 2013 as board compensation
Board compensation grant 3
9,465 shares
Common stock granted March 15, 2021 as board compensation
Key Terms
Rule 144, board compensation, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
board compensation financial
"Common Stock | 04/25/2012 | Board Compensation | Issuer"
attorney-in-fact regulatory
"as agent and attorney-in-fact for Gary M. Reiner"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing for HPE disclose?
It discloses that 17,000 shares of Hewlett Packard Enterprise common stock may be sold under Rule 144 for the account of director Gary M. Reiner, with J.P. Morgan Securities LLC acting as selling broker and attorney-in-fact.
AI-generated analysis. How Rhea-AI works. Not financial advice.