HPE director receives stock award, updates holdings
REINER GARY M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
REINER GARY M reported acquisition or exercise transactions in this Form 4 filing.
Hewlett Packard Enterprise director Gary M. Reiner received 1,795 shares of common stock on March 31, 2026 as a grant in lieu of a $42,750 Q4 board cash retainer, at an indicated value of $23.81 per share.
He also received 94.6123 restricted stock units on January 16, 2026 as dividend equivalent rights at $21.44 per RSU tied to a prior grant, bringing that RSU position to 14,499.0518 units. Direct common stock ownership stands at 1,795 shares, with an additional 86,646 shares held indirectly in a JP Morgan Chase account after a transfer of 1,403 shares from his direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,889.6123 shares
Grant/Award
3 txns
Insider
REINER GARY M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,795 | $23.81 | $43K |
| holding | Common Stock | -- | -- | -- |
| Grant/Award | Restricted Stock Units | 94.6123 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 14,499.0518 contracts (Direct);
Common Stock — 1,795 shares (Direct);
Common Stock — 86,646 shares (Indirect, By JPM Chase)
Footnotes (5)
- F1. The total direct beneficial ownership reflects a decrease of 1,403 shares due to transfer of the shares into the reporting person's JP Morgan Chase account on 01/05/26 and 01/06/26.
- F2. The total indirect beneficial ownership reflects an increase of 1,403 shares due to transfer of the shares previously reported as being held directly by the reporting person into his JP Morgan Chase account on 01/05/26 and 01/06/26.
- F3. These shares were issued to the reporting person pursuant to the Issuer's 2021 Stock Incentive Plan in lieu of Q4 cash retainer of $42,750 for Issuer's Board Year 2025.
- F4. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F5. As previously reported, on 05/02/25, the reporting person was granted 14,235 restricted stock units ("RSUs"), all of which will cliff vest on the earlier of 05/02/26 or 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 94.6123 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26.
Key Figures
Stock grant in lieu of cash: 1,795 shares at $23.81
Director direct holdings: 1,795 shares
Indirect holdings via JP Morgan Chase: 86,646 shares
+5 more
8 metrics
Stock grant in lieu of cash
1,795 shares at $23.81
Q4 board cash retainer of $42,750 paid in stock
Director direct holdings
1,795 shares
Common stock directly owned after March 31, 2026 grant
Indirect holdings via JP Morgan Chase
86,646 shares
Includes 1,403 shares transferred from direct ownership
RSU grant dividend equivalents
94.6123 RSUs at $21.44
Dividend equivalent rights credited on January 16, 2026
Total RSU position
14,499.0518 units
Restricted stock units outstanding after dividend equivalents
Original RSU grant
14,235 units
Granted May 2, 2025, cliff vests by May 2, 2026 or 2026 meeting
Cash retainer replaced
$42,750
Q4 board retainer for Issuer’s Board Year 2025
Shares transferred to JP Morgan Chase
1,403 shares
Reclassified from direct to indirect beneficial ownership
Key Terms
restricted stock units, dividend equivalent rights, cliff vest, beneficial ownership, +1 more
5 terms
restricted stock units financial
"The number of derivative securities in column 5 reflects 94.6123 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account"
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 vest financial
"all of which will cliff vest on the earlier of 05/02/26 or the date of Issuer's 2026 Annual Stockholders Meeting"
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.
beneficial ownership financial
"The total direct beneficial ownership reflects a decrease of 1,403 shares due to transfer"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Stock Incentive Plan financial
"These shares were issued to the reporting person pursuant to the Issuer's 2021 Stock Incentive Plan in lieu of Q4 cash retainer"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HPE director Gary Reiner acquire in this Form 4 filing for HPE?
Gary Reiner received 1,795 Hewlett Packard Enterprise common shares as a stock grant in lieu of a $42,750 Q4 board cash retainer. He also acquired 94.6123 restricted stock units as dividend equivalent rights credited to an existing RSU award.
What are the details of Gary Reiner’s RSU position in HPE from this filing?
Reiner’s RSU position relates to a grant of 14,235 restricted stock units that cliff vest on the earlier of May 2, 2026 or HPE’s 2026 annual meeting. Dividend equivalent rights added 94.6123 RSUs at $21.44 per unit, bringing his RSU total to 14,499.0518 units.
Did the Form 4 show any open-market buying or selling of HPE stock by Gary Reiner?
The reported transactions are stock and RSU grants plus a transfer of 1,403 shares into a JP Morgan Chase account. The filing does not show open-market purchases or sales; instead, it reflects compensation awards and an internal transfer between direct and indirect holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
