Patricia Russo (HPE: HPE) defers 14.5K vested RSUs into HPE shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,499.052 shares exercised/converted
Mixed
3 txns
Insider
RUSSO PATRICIA F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,499.052 | $0.00 | -- |
| Exercise | Common Stock | 14,499.052 | $23.98 | $348K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 364,842.356 shares (Indirect, By Merrill Lynch);
Common Stock — 15,318 shares (Direct)
Footnotes (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. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 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
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.
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.
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.