HPE executive Kirt Karros (NYSE: HPE) sells shares after RSU exercise
Rhea-AI Filing Summary
Kirt P. Karros, SVP, Treasurer and Corporate Development of Hewlett Packard Enterprise, reported an open-market sale of 23,675 shares of common stock at $47.02 per share on July 22, 2026, made pursuant to a Rule 10b5-1 trading plan adopted on March 23, 2026. On July 20, 2026, he exercised 40,282 restricted stock units into the same number of common shares at $44.56 per share, with 16,607 shares withheld to satisfy tax or exercise-related obligations. On July 15, 2026, he also received several small additional RSU credits and dividend equivalent rights tied to prior RSU grants.
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Karros Kirt P
Role
SVP, Treasurer, Corp Dev
Sold
23,675 shs ($1.11M)
Approx. gross sale proceeds
$1.11M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 23,675 | $47.02 | $1.11M |
| Exercise | Restricted Stock Units F1, F4 | 40,282 | -- | -- |
| Exercise | Common Stock | 40,282 | $44.56 | $1.79M |
| Exercise Price or Tax Liability | Common Stock | 16,607 | $44.56 | $740K |
| Grant/Award | Restricted Stock Units F1, F2 | 93.27 | -- | -- |
| Grant/Award | Restricted Stock Units F1, F3 | 151.8035 | -- | -- |
| Grant/Award | Restricted Stock Units F1, F5 | 252.0497 | -- | -- |
| Grant/Award | Restricted Stock Units F1, F6 | 63.4259 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 272,471.8574 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F2. As previously reported, on 12/07/23, the reporting person was granted 93,052 Restricted Stock Units ("RSUs"), 31,017 of which vested on 12/07/24, 31,017 of which vested on 12/07/25, and 31,018 of which will vest on 12/07/26. 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 93.27 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
- F3. As previously reported, on 12/09/24, the reporting person was granted 75,725 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. The number of derivative securities in column 5 reflects 151.8035 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
- F4. As previously reported, on 07/20/25, the reporting person was granted 118,427 RSUs, 39,475 of which vested on 07/20/26, and 39,476 of which will vest on each of 07/20/27 and 07/20/28. 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 RSUs that vested, 807 vested dividend equivalent rights, and a portion of the 356.1247 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26 reflected in column 9.
- F5. As previously reported, on 12/08/25, the reporting person was granted 83,822 RSUs, 27,940 of which will vest on 12/08/26, and 27,941 of which will vest on each of 12/08/27 and 12/08/28. 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 252.0497 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
- F6. As previously reported, on 06/20/26, the reporting person was granted 21,093 RSUs, 7,031 of which will vest on each of 06/20/27, 06/20/28, and 06/20/29. 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 63.4259 dividend equivalent rights at $47.39 per RSU credited to the reporting person's account on 07/15/26.
Key Figures
Shares sold: 23,675 shares
Sale price: $47.02 per share
RSUs exercised: 40,282 units
+4 more
7 metrics
Shares sold
23,675 shares
Common stock sale on 07/22/26 at $47.02 per share
Sale price
$47.02 per share
Open-market or private sale of 23,675 HPE common shares
RSUs exercised
40,282 units
Restricted Stock Units converted into common stock on 07/20/26
RSU share price
$44.56 per share
Common stock received from RSU exercise on 07/20/26
Shares withheld
16,607 shares
Shares delivered or withheld to cover exercise price or tax liability
Dividend equivalent rights 1
93.27 units
Dividend equivalent rights at $47.39 per RSU credited on 07/15/26
Dividend equivalent rights 2
252.0497 units
Additional dividend equivalent rights at $47.39 per RSU on 07/15/26
Key Terms
Restricted Stock Units, dividend equivalent rights, Rule 10b5-1 trading plan, tax liability
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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 when and as dividends"
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.
Rule 10b5-1 trading plan regulatory
"The reported sale transaction occurred pursuant to a trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Kirt P. Karros report for HPE in this Form 4?
Kirt P. Karros reported a sale of 23,675 Hewlett Packard Enterprise (HPE) common shares and related RSU activity. He exercised 40,282 RSUs into common stock, had 16,607 shares withheld for obligations, and received additional small RSU dividend-equivalent credits.
What prices were involved in Kirt P. Karros’s recent HPE transactions?
The open-market sale of HPE common stock was at $47.02 per share. The common shares received from the RSU exercise are shown at $44.56 per share. Dividend equivalent rights were credited based on $47.39 per RSU in the RSU footnotes.