HPE director (NYSE: HPE) receives 8,750 RSU grant and shifts holdings
Filing Impact
Filing Sentiment
Form Type
4
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 a grant of 8,750 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of HPE common stock and will cliff vest on the earlier of May 1, 2027 or the company’s 2027 Annual Stockholders Meeting. Dividend equivalent rights accrue on these RSUs when dividends are paid on the common stock.
The filing also reflects an internal transfer of 16,295 common shares previously held directly into Reiner’s JPMorgan Chase account, which decreased his direct beneficial ownership to zero and increased his indirect beneficial ownership to 102,941 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
REINER GARY M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 8,750 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,750 shares (Direct, null);
Common Stock — 0 shares (Direct, null);
Common Stock — 102,941 shares (Indirect, By JPM Chase)
Footnotes (1)
- The total direct beneficial ownership reflects a decrease of 16,295 shares due to transfer of the shares into the reporting person's JP Morgan Chase account on 04/08/26. The total indirect beneficial ownership reflects an increase of 16,295 shares due to transfer of the shares previously reported as being held directly by the reporting person into his JPMorgan Chase account on 04/08/26. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. On 05/01/26, the reporting person was granted 8,750 restricted stock units ("RSUs"), all of which will cliff vest on the earlier of 05/01/27 or the date of Issuer's 2027 Annual Stockholders Meeting. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock.
Key Figures
RSU grant size: 8,750 units
RSU share ratio: 1 share per unit
RSU vesting date: Earlier of May 1, 2027 or 2027 meeting
+3 more
6 metrics
RSU grant size
8,750 units
Restricted stock units granted on May 1, 2026
RSU share ratio
1 share per unit
Each RSU represents one HPE common share
RSU vesting date
Earlier of May 1, 2027 or 2027 meeting
Cliff vesting schedule for RSU award
Indirect ownership after transfer
102,941 shares
HPE common stock held indirectly after JPMorgan transfer
Shares transferred to JPMorgan account
16,295 shares
Shifted from direct to indirect beneficial ownership
Direct ownership after transfer
0 shares
Direct HPE common stock position following reclassification
Key Terms
Restricted Stock Units, cliff vest, dividend equivalent rights, beneficial ownership, +1 more
5 terms
Restricted Stock Units financial
"On 05/01/26, the reporting person was granted 8,750 restricted stock units ("RSUs")"
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.
cliff vest financial
"all of which will cliff vest on the earlier of 05/01/27 or the date"
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.
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.
beneficial ownership financial
"The total direct beneficial ownership reflects a decrease of 16,295 shares"
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.
indirect beneficial ownership financial
"The total indirect beneficial ownership reflects an increase of 16,295 shares"
FAQ
What did HPE director Gary M. Reiner report in this Form 4 filing for HPE?
HPE director Gary M. Reiner reported receiving a grant of 8,750 restricted stock units. The filing also notes an internal transfer of 16,295 common shares from his direct holdings into a JPMorgan Chase account, changing how his ownership is categorized.
How many restricted stock units did Gary M. Reiner receive from Hewlett Packard Enterprise (HPE)?
Gary M. Reiner received 8,750 restricted stock units from Hewlett Packard Enterprise. Each unit represents a contingent right to one HPE common share, providing equity-based compensation that aligns his interests with shareholders over the vesting period.
When will Gary M. Reiner’s 8,750 HPE restricted stock units vest?
The 8,750 HPE restricted stock units will cliff vest on the earlier of May 1, 2027 or the date of Hewlett Packard Enterprise’s 2027 Annual Stockholders Meeting. Until that vesting event, the award remains a contingent right rather than delivered shares.
Do Gary M. Reiner’s HPE restricted stock units earn dividends before vesting?
Yes. Dividend equivalent rights accrue on Gary M. Reiner’s restricted stock units when and as dividends are paid on HPE common stock. These equivalents track dividend payments and are typically settled in additional value when the RSUs ultimately vest.
Does this HPE Form 4 show any open-market buying or selling by Gary M. Reiner?
The Form 4 shows an RSU grant and an internal share transfer, but no open-market purchases or sales. The transactions reflect compensation and reclassification of ownership between direct and indirect accounts, rather than trading activity in the market.