HPE (NYSE: HPE) EVP Stacy Dillow converts RSUs into stock and withholds shares for taxes
Rhea-AI Filing Summary
Hewlett Packard Enterprise’s EVP and Chief People Officer, Stacy L. Dillow, reported compensation-related equity activity. On May 20, 2026, 31,292 restricted stock units converted into an equal number of common shares at a stated value of $33.80 per share. To cover tax obligations, 12,314 common shares were disposed of through share withholding rather than an open-market sale. Following these transactions, Dillow directly holds 18,978 common shares. Derivative holdings now include 62,581 restricted stock units, reflecting vested units and accrued dividend equivalent rights from prior grants on May 20, 2025 and December 8, 2025, along with additional dividend equivalents credited in 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 18,978 shares
Net Buy
4 txns
Insider
Dillow Stacy L
Role
EVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 31,292 | $0.00 | $0.00 |
| Exercise | Common Stock | 31,292 | $33.80 | $1.06M |
| Exercise Price or Tax Liability | Common Stock | 12,314 | $33.80 | $416K |
| Grant/Award | Restricted Stock Units | 910.9314 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 141,027.9314 shares (Direct);
Common Stock — 18,978 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F2. As previously reported, on 05/20/25, the reporting person was granted 91,704 Restricted Stock Units ("RSUs"), 30,568 of which vested on 05/20/26, and 30,568 of which will vest on each of 05/20/27, and 05/20/28. 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, 724 vested dividend equivalent rights, and a portion of the 609.5065 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26, and 467.8776 dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26 reflected in column 9.
- F3. As previously reported, on 12/08/25, the reporting person was granted 77,536 RSUs, 25,845 of which will vest on each of 12/08/26 and 12/08/27, and 25,846 of which will vest on 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 515.3396 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26, and 395.5918 dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26.
Key Figures
Shares withheld for taxes: 12,314 shares
RSUs converted to common stock: 31,292 shares
Shares held after transaction: 18,978 shares
+3 more
6 metrics
Shares withheld for taxes
12,314 shares
Tax-withholding disposition at $33.80 per share on May 20, 2026
RSUs converted to common stock
31,292 shares
Restricted stock units converting to Hewlett Packard Enterprise common stock
Shares held after transaction
18,978 shares
Direct Hewlett Packard Enterprise common stock ownership after reported events
RSU holdings after transaction
62,581 RSUs
Restricted stock units outstanding including dividend equivalent rights
Stated share value
<money>$33.80</money> per share
Price per share used in Form 4 entries on May 20, 2026
Additional RSU grant
910.9314 RSUs
Derivative acquisition on January 16, 2026
Key Terms
Restricted Stock Units, dividend equivalent rights, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"The filing reports transactions in "Restricted Stock Units" that convert into 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."
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.
tax-withholding disposition financial
"Transaction code F is described as a tax-withholding disposition using delivered securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"RSUs are treated as a derivative security that can be exercised or converted into common stock."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did HPE executive Stacy L. Dillow report in this Form 4?
Stacy L. Dillow reported RSU vesting and related share withholding, not an open-market trade. 31,292 restricted stock units converted into common shares, with a portion of the new shares withheld to cover tax obligations associated with the vesting event.
Were Stacy L. Dillow’s HPE transactions open-market sales or purchases?
The filing shows no open-market sales or purchases. It reports a derivative exercise where RSUs converted into shares and a tax-withholding disposition, meaning shares were used to satisfy tax obligations rather than being sold on the open market.
What restricted stock unit (RSU) holdings does Stacy L. Dillow have after these HPE transactions?
After these transactions, Dillow holds 62,581 restricted stock units. This balance reflects portions of prior RSU grants from May 20, 2025 and December 8, 2025, plus dividend equivalent rights credited to her account in 2026 under Hewlett Packard Enterprise’s equity programs.
What do the dividend equivalent rights mean in Stacy L. Dillow’s HPE Form 4?
Dividend equivalent rights credit additional RSUs when HPE pays dividends on common stock. The footnotes explain that Dillow’s RSU totals include dividend equivalents credited at $21.44 and $27.93 per RSU, increasing her derivative holdings without separate cash transactions.