HPE director Reiner sells 17,000 shares at $56.91
HPE director Gary M. Reiner reported an open-market sale of 17,000 shares and updated his RSU and ownership balances, including a shift from direct to indirect holdings.
Rhea-AI Filing Summary
Hewlett Packard Enterprise Co (HPE) director Gary M. Reiner reported selling 17,000 shares of common stock on September 14, 2026 in an open-market transaction at a weighted average price of $56.9076 per share, with prices ranging from $56.88 to $56.96. These shares are held indirectly through a JPMorgan Chase account, which holds 65,072 shares after the sale, while the director now reports no direct common stock holdings following a prior transfer of 831 shares from direct to this account. In addition, on July 15, 2026, he received a grant of 26.3109 restricted stock units (RSUs) as dividend equivalent rights tied to a previously granted award of 8,750 RSUs, bringing his total RSU holdings to 8,776.3109 units, each representing a contingent right to one share of HPE common stock; the RSUs are scheduled to cliff vest on the earlier of May 1, 2027 or the 2027 annual stockholders meeting, and no Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
Net Seller: 17,000 shares
Net Sell
3 txns
Insider
REINER GARY M
Role
Director
Sold
17,000 shs ($967K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F2 | 17,000 | $56.9076 | $967K |
| holding | Common Stock F1 | -- | -- | -- |
| Grant/Award | Restricted Stock Units F4, F5 | 26.3109 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,776.3109 contracts (Direct);
Common Stock — 65,072 shares (Indirect, By JPM Chase);
Common Stock — 0 shares (Direct)
Footnotes (5)
- F1. The total direct beneficial ownership reflects a decrease of 831 shares due to transfer of the shares into the reporting person's JP Morgan Chase account on 07/06/26.
- F2. The total indirect beneficial ownership reflects an increase of 831 shares due to transfer of the shares previously reported as being held directly by the reporting person into his JPMorgan Chase account on 07/06/26.
- F3. The price in Column 4 is a weighted average price. The prices ranged from $56.88 to $56.96. Upon request, the reporting person will provide to the Issuer, any security holder of the Issuer, or the SEC staff, information regarding the number of shares at each price within the range.
- F4. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F5. As previously reported, on 05/01/26, the reporting person was granted 8,750 restricted stock units ("RSUs"), all of which will cliff vest on the earlier of 05/01/27 or the date of Issuer's 2027 Annual Stockholders Meeting. 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 26.3109 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
Key Figures
Shares sold: 17,000 shares
Weighted average sale price: $56.9076 per share
Indirect holdings after sale: 65,072 shares
+5 more
8 metrics
Shares sold
17,000 shares
Open-market sale of HPE common stock on September 14, 2026
Weighted average sale price
$56.9076 per share
Sale prices ranged from $56.88 to $56.96
Indirect holdings after sale
65,072 shares
HPE common stock held indirectly through JPMorgan Chase account after September 14, 2026 sale
Direct holdings after transfer
0 shares
Direct HPE common stock beneficial ownership after transfer of 831 shares on July 6, 2026
Original RSU grant
8,750 RSUs
Restricted stock units granted on May 1, 2026, cliff vesting in 2027
Dividend equivalent RSUs credited
26.3109 RSUs
Dividend equivalent rights credited on July 15, 2026 at $47.39 per RSU
Total RSUs after credit
8,776.3109 RSUs
Total derivative securities in the RSU award after July 15, 2026 credit
Shares transferred from direct to indirect
831 shares
Common shares moved from direct ownership to JPMorgan Chase account on July 6, 2026
Key Terms
weighted average price, restricted stock units, dividend equivalent rights, cliff vest, +1 more
5 terms
weighted average price financial
"The price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"the reporting person was granted 8,750 restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Dividend equivalent rights accrue with respect to these RSUs"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
cliff vest financial
"all of which will cliff vest on the earlier of 05/01/27"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
indirect beneficial ownership financial
"The total indirect beneficial ownership reflects an increase of 831 shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HPE director Gary M. Reiner report in this Form 4 for HPE stock?
He reported selling 17,000 HPE common shares on September 14, 2026 at a weighted average price of $56.9076, updating indirect holdings to 65,072 shares, and receiving 26.3109 RSUs as dividend equivalent rights tied to a prior 8,750 RSU grant.
What RSU awards for HPE stock are reported for Gary M. Reiner?
He previously received a grant of 8,750 restricted stock units on May 1, 2026, and on July 15, 2026, 26.3109 additional RSUs were credited as dividend equivalent rights, bringing his total RSU holdings to 8,776.3109 units tied to HPE common stock.
When do Gary M. Reiner’s HPE RSUs vest?
The 8,750 RSUs (plus associated dividend equivalent units) will cliff vest on the earlier of May 1, 2027 or the date of Hewlett Packard Enterprise’s 2027 Annual Stockholders Meeting, according to the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
