HPE director exercises 14,500 RSUs into shares
Hewlett Packard Enterprise director Raymond E. Ozzie exercised previously granted equity awards, turning restricted stock units into common shares.
Rhea-AI Filing Summary
Hewlett Packard Enterprise director Raymond E. Ozzie exercised previously granted equity awards, turning restricted stock units into common shares. On April 1, 2026, he converted 14,500 restricted stock units into the same number of Hewlett Packard Enterprise common shares, a compensation-related event rather than an open-market purchase or sale.
The filing shows a reference price of $23.98 per share for the common stock entry, and Ozzie now directly holds 176,400 common shares after the transaction. The restricted stock units originated from a May 2, 2025 grant of 14,235 RSUs, which cliff vested at the 2026 Annual Stockholders Meeting and had additional shares credited over time through dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,500 shares exercised/converted
Exercise
2 txns
Insider
Ozzie Raymond E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,500 | $23.98 | $348K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 176,400 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F2. 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, and a de minimis adjustment of 0.9482 due to fractional rounding of the dividend equivalent rights.
Key Figures
RSUs converted: 14,500 units
Common shares acquired: 14,500 shares
Reference price per share: $23.98 per share
+5 more
8 metrics
RSUs converted
14,500 units
Restricted Stock Units exercised into common stock on April 1, 2026
Common shares acquired
14,500 shares
Hewlett Packard Enterprise common stock received from RSU conversion
Reference price per share
$23.98 per share
Price shown for 14,500 common shares on April 1, 2026
Shares held after transaction
176,400 shares
Direct Hewlett Packard Enterprise common stock ownership post-transaction
Original RSU grant
14,235 RSUs
Grant dated May 2, 2025 that later cliff vested
Dividend equivalents 07/17/25
88.8406 rights at $20.83
Dividend equivalent rights credited on July 17, 2025
Dividend equivalents 10/17/25
80.5989 rights at $22.96
Dividend equivalent rights credited on October 17, 2025
Dividend equivalents 01/16/26
94.6123 rights at $21.44
Vested dividend equivalent rights on January 16, 2026
Key Terms
Restricted Stock Units, dividend equivalent rights, cliff vested, derivative security, +1 more
5 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.
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.
cliff vested financial
"all of which cliff vested on the date of Issuer's 2026 Annual Stockholders Meeting"
derivative security financial
"The number of derivative securities in column 5 reflects 88.8406 dividend equivalent rights"
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.
Annual Stockholders Meeting financial
"cliff vested on the date of Issuer's 2026 Annual Stockholders Meeting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HPE director Raymond E. Ozzie report in this Form 4?
Raymond E. Ozzie reported exercising restricted stock units into Hewlett Packard Enterprise common stock. On April 1, 2026, he converted 14,500 RSUs into 14,500 shares as part of an equity award, with no open-market buying or selling disclosed.
What equity awards did Raymond E. Ozzie exercise at Hewlett Packard Enterprise?
He exercised restricted stock units previously granted by Hewlett Packard Enterprise. A grant of 14,235 RSUs on May 2, 2025, plus dividend equivalent rights, resulted in 14,500 units that cliff vested at the 2026 Annual Stockholders Meeting and were converted into common shares.
Was this HPE Form 4 an open-market stock purchase or sale?
No, the Form 4 reflects a derivative exercise rather than open-market trading. The filing shows transaction code M, indicating conversion of restricted stock units into common stock, with no separate open-market purchase or sale transactions reported for Raymond E. Ozzie.
What was the reference price in Raymond E. Ozzie’s HPE stock transaction?
The non-derivative common stock line shows a transaction price of $23.98 per share. This price is associated with the 14,500-share entry on April 1, 2026, corresponding to the shares received when his restricted stock units converted into Hewlett Packard Enterprise common stock.
How were dividend equivalent rights treated in Raymond E. Ozzie’s HPE RSUs?
Dividend equivalent rights accrued on his RSUs when Hewlett Packard Enterprise paid dividends. The footnote details additional rights credited at specific per-RSU values and dates, plus a small rounding adjustment, helping increase the total RSUs from the original 14,235 grant to 14,500 units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
