Board member at Hewlett Packard Enterprise (HPE) receives 8,750 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RUSSO PATRICIA F reported acquisition or exercise transactions in this Form 4 filing.
Hewlett Packard Enterprise director Patricia F. Russo received a grant of 8,750 restricted stock units (RSUs) on May 1, 2026. Each RSU represents a contingent right to receive one share of HPE common stock and was granted as a stock-based award.
These RSUs will cliff vest on the earlier of May 1, 2027 or the date of HPE’s 2027 annual stockholders meeting. Dividend equivalent rights accrue on these RSUs when dividends are paid on HPE common stock. Russo elected to defer receipt of the underlying common shares until her service on the board ends. After the reported transactions, she holds 15,318 HPE common shares directly, 366,413.4942 shares indirectly through a Merrill Lynch account, and the new 8,750 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
RUSSO PATRICIA F
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 — 15,318 shares (Direct, null);
Common Stock — 366,413.494 shares (Indirect, By Merrill Lynch)
Footnotes (1)
- The reporting person elected to defer the receipt of common stock until the termination of her service as a member of the Issuer's Board of Directors. The number of shares in column 5 includes 1,571.1379 vested restricted stock unit ("RSU") dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26. 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. The reporting person elected to defer the receipt of common stock until the termination of her service as a member of the Issuer's Board of Directors.
Key Figures
RSU grant size: 8,750 RSUs
Direct common shares: 15,318 shares
Indirect common shares: 366,413.4942 shares
+3 more
6 metrics
RSU grant size
8,750 RSUs
Granted on May 1, 2026 to Patricia F. Russo
Direct common shares
15,318 shares
Direct HPE common stock holding after transactions
Indirect common shares
366,413.4942 shares
Indirect HPE common stock holding through Merrill Lynch
Underlying common stock
8,750 shares
Common shares underlying newly granted RSUs
Dividend equivalent RSUs
1,571.1379 RSUs
Vested RSU dividend equivalents credited at $27.93 per RSU
Dividend equivalent price
$27.93 per RSU
Value used for RSU dividend equivalent rights on April 23, 2026
Key Terms
restricted stock units, RSU dividend equivalent rights, cliff vest, contingent right
4 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.
RSU dividend equivalent rights financial
"includes 1,571.1379 vested restricted stock unit ("RSU") dividend equivalent rights at $27.93 per RSU"
cliff vest financial
"all of which will cliff vest on the earlier of 05/01/27 or the date of Issuer's 2027 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock."
FAQ
What did HPE director Patricia Russo report in this Form 4 for HPE?
Patricia Russo reported a grant of 8,750 restricted stock units (RSUs). The award was made on May 1, 2026, and each RSU represents a contingent right to receive one share of Hewlett Packard Enterprise common stock as part of her board compensation.
When do Patricia Russo’s 8,750 HPE RSUs reported on Form 4 vest?
The 8,750 RSUs will cliff vest on a single future date. Vesting occurs on the earlier of May 1, 2027, or the date of Hewlett Packard Enterprise’s 2027 annual stockholders meeting, as disclosed in the Form 4 footnotes.
Do dividend equivalents apply to Patricia Russo’s 8,750 HPE RSUs?
Yes, dividend equivalent rights accrue on these RSUs. When Hewlett Packard Enterprise pays dividends on its common stock, corresponding RSU dividend equivalents are credited to Russo’s account, enhancing the value of her deferred stock-based compensation over time.
When will Patricia Russo receive HPE common stock from her deferred RSUs?
Russo elected to defer receipt of the underlying HPE shares. She will receive the common stock only after her service as a member of Hewlett Packard Enterprise’s board of directors ends, according to the Form 4 footnotes.
What are restricted stock units (RSUs) in Patricia Russo’s HPE filing?
RSUs are stock-based awards that convert into common shares later. Each RSU in Russo’s grant represents a contingent right to receive one Hewlett Packard Enterprise common share upon vesting and settlement, providing equity-linked compensation instead of immediate cash payment.