Hewlett Packard Enterprise (NYSE: HPE) SVP exercises 25,900 RSUs, reports share sale
Rhea-AI Filing Summary
Hewlett Packard Enterprise senior vice president and treasurer Kirt P. Karros reported equity transactions in company stock. On 12/09/2025, he acquired 25,900 shares of HPE common stock at $24.77 per share through the vesting and settlement of previously granted restricted stock units (transaction code M). On the same date, he disposed of 12,842 shares at $24.77 per share (code F), typically used when shares are sold to cover taxes on vesting. After these transactions, he directly beneficially owned 55,245 shares of HPE common stock.
The filing notes this activity relates to a grant of 75,725 restricted stock units awarded on 12/09/2024, of which 25,241 units vested on 12/09/2025, with 25,242 units scheduled to vest on each of 12/09/2026 and 12/09/2027. Following the reported transaction, Karros held 51,798 restricted stock units, reflecting vested units and associated dividend equivalent rights.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 25,900 | $0.00 | -- |
| Exercise | Common Stock | 25,900 | $24.77 | $642K |
| Tax Withholding | Common Stock | 12,842 | $24.77 | $318K |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. As previously reported, 12/09/24, the reporting person was granted 75,725 restricted stock units ("RSUs"), 25,241 of which vested on 12/09/25, and 25,242 of which will vest on each of 12/09/26 and 12/09/27. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock. The number of derivative securities in column 5 reflects vested RSUs and rounded dividend equivalent rights previously reflected in column 9.
FAQ
What insider transaction did HPE executive Kirt P. Karros report?
Kirt P. Karros, an officer of Hewlett Packard Enterprise (SVP, Treasurer, Corporate Development), reported the vesting of restricted stock units into 25,900 shares of HPE common stock on 12/09/2025, along with a related sale of shares.
What is the structure of the restricted stock unit (RSU) grant reported by HPE?
The filing explains that on 12/09/2024, Karros was granted 75,725 restricted stock units. Of these, 25,241 units vested on 12/09/2025, and 25,242 units are scheduled to vest on each of 12/09/2026 and 12/09/2027.
How many HPE restricted stock units does the insider still hold after this Form 4?
After the reported transaction, Karros held 51,798 restricted stock units, which include vested units and rounded dividend equivalent rights, as reflected in the derivative securities table.
What do the transaction codes M and F mean in the HPE Form 4 filing?
In this filing, code M indicates the conversion of restricted stock units into common shares, while code F indicates a disposition of shares, commonly used when shares are withheld or sold to satisfy tax obligations on equity vesting.