Hewlett Packard Enterprise (HPE) director converts 14,500 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hewlett Packard Enterprise director Raymond J. Lane exercised restricted stock units into common stock, increasing his direct share holdings. On the transaction date, 14,500 restricted stock units were converted into 14,500 shares of common stock, reflecting vested awards from a prior grant.
The RSUs were originally granted as 14,235 units that cliff vested on the date of the company’s 2026 Annual Stockholders Meeting, with additional rounded dividend equivalent rights bringing the total to 14,500. After the conversion, Lane directly holds 989,564 shares of Hewlett Packard Enterprise common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,500 shares exercised/converted
Mixed
2 txns
Insider
Lane Raymond J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,500 | $0.00 | -- |
| Exercise | Common Stock | 14,500 | $23.98 | $348K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 989,564 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 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 rounded dividend equivalent rights previously reflected in column 9.
Key Figures
RSUs exercised: 14,500 units
Common shares received: 14,500 shares
Post-transaction holdings: 989,564 shares
+2 more
5 metrics
RSUs exercised
14,500 units
Restricted stock units converted into common stock
Common shares received
14,500 shares
Shares of HPE common stock from RSU conversion
Post-transaction holdings
989,564 shares
Direct HPE common stock held by Raymond J. Lane
Original RSU grant
14,235 units
RSUs granted on May 2, 2025, before dividend equivalents
Common stock transaction price
$23.98 per share
Price per share shown for the common stock line
Key Terms
Restricted Stock Units, cliff vested, dividend equivalent rights
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one 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.
cliff vested financial
"all of which cliff vested on the date of Issuer's 2026 Annual Stockholders Meeting"
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.
FAQ
What insider transaction did HPE director Raymond J. Lane report?
HPE director Raymond J. Lane reported exercising restricted stock units into common shares. A total of 14,500 restricted stock units were converted into 14,500 shares of Hewlett Packard Enterprise common stock as previously granted equity compensation that had fully vested.
What was the size and origin of the RSU award reported by HPE?
The award originated from a grant of 14,235 restricted stock units made on May 2, 2025. These RSUs cliff vested on the date of Hewlett Packard Enterprise’s 2026 Annual Stockholders Meeting, with dividend equivalent rights and rounding bringing the total exercised units to 14,500.
Do the HPE Form 4 transactions involve open-market buying or selling?
The Form 4 transactions reflect an exercise and conversion of restricted stock units, not open-market buying or selling. Raymond J. Lane acquired 14,500 shares of Hewlett Packard Enterprise common stock through vesting of equity awards rather than through purchases or sales on the open market.
What are dividend equivalent rights mentioned in the HPE Form 4 footnotes?
Dividend equivalent rights are additional units that accrue on RSUs when dividends are paid on the underlying common stock. In this case, they increased the Hewlett Packard Enterprise RSU count so that 14,500 units, including rounded dividend equivalents, were ultimately converted into common shares upon vesting.