HPE director exercises 14.5K RSUs into common stock

Hewlett Packard Enterprise director Patricia F. Russo exercised deferred stock awards into common shares.

Rhea-AI Filing Summary

Hewlett Packard Enterprise director Patricia F. Russo exercised deferred stock awards into common shares. On 2026-04-01, 14,499.0518 restricted stock units converted into the same number of HPE common shares, reflecting a previously granted equity award with accrued dividend equivalents.

Each restricted stock unit represents a right to receive one HPE share, and the award, originally granted as 14,235 RSUs plus 264.0518 dividend equivalent rights, had fully cliff vested at the 2026 Annual Stockholders Meeting. Russo elected to defer receipt of the common stock until her service on the board ends. Following these transactions, indirect holdings reported through Merrill Lynch totaled 364,842.3563 common shares, with an additional 15,318 common shares held directly.

Insider Trade Summary

14,499.0518 shares exercised/converted

Exercise 3 txns

Insider RUSSO PATRICIA F

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	14,499.0518	$0.00	$0.00
Exercise	Common Stock	14,499.0518	$23.98	$348K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 364,842.3563 shares (Indirect, By Merrill Lynch); Common Stock — 15,318 shares (Direct)

Footnotes (3)

1. F1. The reporting person elected to defer the receipt of common stock until the termination of her service as a member of the Issuer's Board of Directors.
2. F2. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
3. F3. As previously reported, on 05/02/25, the reporting person was granted 14,235 restricted stock units ("RSUs"), all of which cliff vested on the date of Issuer's 2026 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 vested RSUs and 264.0518 dividend equivalent rights previously reflected in column 9.

Key Figures

RSUs converted: 14,499.0518 units Implied share price: $23.98 per share Indirect holdings after transaction: 364,842.3563 shares +3 more

6 metrics

RSUs converted 14,499.0518 units Restricted stock units converted into HPE common stock on 2026-04-01

Implied share price $23.98 per share Price per HPE common share shown for RSU-related common stock entry

Indirect holdings after transaction 364,842.3563 shares HPE common stock held indirectly by Merrill Lynch after transactions

Direct holdings after transaction 15,318.0000 shares HPE common stock held directly after reported activity

Original RSU grant 14,235 RSUs Director RSUs granted on 2025-05-02 that later cliff vested

Dividend equivalent rights 264.0518 units Additional RSU credits tied to dividends on HPE common stock

Key Terms

Restricted Stock Units, dividend equivalent rights, cliff vested, deferr[ed] the receipt of common stock

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock."

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 are paid on Issuer's common stock."

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 vested financial

"all of which cliff vested on the date of Issuer's 2026 Annual Stockholders Meeting."

deferr[ed] the receipt of common stock financial

"The reporting person elected to defer the receipt of common stock until the termination of her service as a member of the Issuer's Board of Directors."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did HPE director Patricia F. Russo report on this Form 4?

Patricia F. Russo reported exercising 14,499.0518 restricted stock units into Hewlett Packard Enterprise common stock. These units represented vested director equity awards, including dividend equivalents, and were converted into the same number of shares as part of her compensation arrangement.

How many HPE shares did Patricia F. Russo acquire through RSU conversion?

Russo acquired 14,499.0518 Hewlett Packard Enterprise common shares through conversion of restricted stock units. The figure reflects 14,235 original RSUs plus 264.0518 dividend equivalent rights that vested together, then converted one-for-one into common stock on the reported transaction date.

Did Patricia F. Russo defer receipt of her HPE common stock from RSUs?

Yes. Russo elected to defer receipt of the HPE common shares until she leaves the board. Although 14,499.0518 restricted stock units converted into common stock, the deferral choice delays when she actually receives those shares under Hewlett Packard Enterprise’s director compensation program.

What are dividend equivalent rights in Patricia F. Russo’s HPE RSU award?

Dividend equivalent rights are additional RSUs credited when HPE pays dividends on its common stock. Russo’s award added 264.0518 such rights to her original 14,235 RSUs, and the combined 14,499.0518 units vested together and converted into the same number of Hewlett Packard Enterprise common shares.

What are Patricia F. Russo’s reported HPE share holdings after these transactions?

After the Form 4 transactions, Russo reported 364,842.3563 Hewlett Packard Enterprise common shares held indirectly through Merrill Lynch and 15,318 common shares held directly. These figures show her ongoing ownership position in HPE following the RSU conversion and related director equity activity.

How did the 2026 Annual Stockholders Meeting affect Russo’s HPE RSUs?

Her 14,235 restricted stock units fully cliff vested on the date of HPE’s 2026 Annual Stockholders Meeting. At vesting, they incorporated 264.0518 dividend equivalent rights, and the total 14,499.0518 vested units then converted one-for-one into Hewlett Packard Enterprise common stock for Russo.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 05:09 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RUSSO PATRICIA F

(Last) (First) (Middle)

C/O HEWLETT PACKARD ENTERPRISE COMPANY

1701 E MOSSY OAKS ROAD

(Street)

SPRING TEXAS 77389

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hewlett Packard Enterprise Co [ HPE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								15,318	D
Common Stock	04/01/2026		M		14,499.0518	A	$23.98	364,842.3563(1)	I	By Merrill Lynch

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	04/01/2026		M			14,499.0518(3)	(3)	(3)	Common Stock	14,499.0518	(3)	0	D

Explanation of Responses:

1. The reporting person elected to defer the receipt of common stock until the termination of her service as a member of the Issuer's Board of Directors.

2. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

3. As previously reported, on 05/02/25, the reporting person was granted 14,235 restricted stock units ("RSUs"), all of which cliff vested on the date of Issuer's 2026 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 vested RSUs and 264.0518 dividend equivalent rights previously reflected in column 9.

	Jonathan Sturz as Attorney-in-Fact for Patricia F. Russo	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)