Hewlett Packard Enterprise (HPE) director exercises 14.5K RSUs into stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hewlett Packard Enterprise director Charles H. Noski exercised restricted stock units into common stock and continues to hold his position through indirect accounts. On April 1, 2026, he exercised 14,499.0518 restricted stock units, each representing one share of HPE common stock.
The resulting 14,499.0518 common shares are held indirectly through a Merrill Lynch account, which now reports 79,945.1927 shares following the transaction. An additional 24,745 common shares are held indirectly in a revocable trust. Direct common stock and restricted stock unit balances are reported as zero after this exercise, indicating these awards were fully converted and deferred into share units held for his benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,499.052 shares exercised/converted
Mixed
4 txns
Insider
NOSKI CHARLES H
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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 79,945.193 shares (Indirect, By Merrill Lynch);
Common Stock — 0 shares (Direct)
Footnotes (1)
- The reporting person elected to defer the receipt of common stock until the termination of his service as a member of the Issuer's Board of Directors. The number of shares in column 5 includes 374.1979 vested restricted stock unit ("RSU") dividend equivalent rights at $20.83 per RSU credited to the reporting person's account on 07/17/25, 339.4834 vested RSU dividend equivalent rights at $22.96 per RSU credited to the reporting person's account on 10/17/25, and 398.5082 vested RSU dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26. 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. 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 88.8406 dividend equivalent rights at $20.83 per RSU credited to the reporting person's account on 07/17/25, 80.5989 dividend equivalent rights at $22.96 per RSU credited to the reporting person's account on 10/17/25, 94.6123 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26 vested dividend equivalent rights.
Key Figures
RSUs exercised: 14,499.0518 units
Common shares from exercise: 14,499.0518 shares
Merrill Lynch indirect holdings: 79,945.1927 shares
+3 more
6 metrics
RSUs exercised
14,499.0518 units
Restricted stock units converted to common stock on April 1, 2026
Common shares from exercise
14,499.0518 shares
HPE common stock received upon RSU conversion
Merrill Lynch indirect holdings
79,945.1927 shares
HPE common stock held indirectly after transaction
Revocable trust holdings
24,745.0000 shares
HPE common stock held indirectly via revocable trust
RSU market value reference
$23.98 per share
Transaction price per share for common stock entry
Remaining RSUs after exercise
0 units
Derivative summary shows no remaining restricted stock units
Key Terms
Restricted Stock Units, dividend equivalent rights, cliff vested, Revocable Trust, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote stating each unit equals one common share"
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
"footnotes describe vested RSU dividend equivalent rights credited when 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.
cliff vested financial
"footnote notes RSUs "all of which cliff vested" on the 2026 Annual Stockholders Meeting date"
Revocable Trust financial
"holding entry lists nature_of_ownership as "Revocable Trust" for indirect common stock"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
deferr[ed] the receipt of common stock financial
"footnote states the reporting person elected to defer the receipt of common stock"
FAQ
What insider transaction did HPE director Charles Noski report on this Form 4?
Charles H. Noski reported exercising 14,499.0518 restricted stock units into Hewlett Packard Enterprise common stock. The transaction reflects a derivative exercise, not an open‑market purchase or sale, and converts previously granted equity awards into common shares held indirectly for his benefit.
What are Charles Noski’s indirect HPE holdings after this Form 4 filing?
After the reported transactions, Noski’s indirect holdings include 79,945.1927 Hewlett Packard Enterprise common shares in a Merrill Lynch account and 24,745 common shares in a revocable trust. The filing shows no remaining directly held common shares or restricted stock units following the exercise.
Did the HPE Form 4 for Charles Noski report any stock sales?
The Form 4 for Hewlett Packard Enterprise director Charles Noski did not report any open‑market stock sales. Instead, it shows a derivative exercise of 14,499.0518 restricted stock units into common stock, with the resulting shares held indirectly rather than being sold into the market.
How were dividend equivalent rights treated in Noski’s HPE RSU award?
The RSU award accumulated dividend equivalent rights when Hewlett Packard Enterprise paid dividends on its common stock. These vested dividend equivalents increased the number of derivative securities, and the total RSUs plus accrued equivalents were converted into 14,499.0518 common shares upon the reported exercise.
What does it mean that Noski deferred receipt of HPE common stock?
The filing notes that Noski elected to defer receipt of Hewlett Packard Enterprise common stock until his service on the board ends. This means the shares from exercised RSUs are credited to his account but payment is delayed, typically for tax or compensation‑planning purposes, while still reflecting beneficial ownership.
Hewlett Packard Enterprise Co