Hewlett Packard Enterprise (HPE) director defers 14.5K RSUs into stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hewlett Packard Enterprise director Jean M. Hobby exercised 14,499.0518 restricted stock units into the same number of shares of common stock on April 1, 2026. Following the transaction, she indirectly holds 47,490.5734 shares through a Merrill Lynch account and directly holds 32,279 shares.
The direct holding figure includes 206.5585 vested restricted stock unit dividend equivalent rights credited at $21.44 per unit on January 16, 2026. Each restricted stock unit represents a contingent right to receive one share of Hewlett Packard Enterprise common stock, and she has elected to defer receipt of common stock until her board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,499.052 shares exercised/converted
Mixed
3 txns
Insider
Hobby Jean M.
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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 47,490.573 shares (Indirect, By Merrill Lynch);
Common Stock — 32,279 shares (Direct)
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 206.5585 vested restricted stock units ("RSUs") 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 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
Indirect holdings after transaction: 47,490.5734 shares
Direct holdings after transaction: 32,279 shares
+4 more
7 metrics
RSUs exercised
14,499.0518 units
Restricted stock units converted to common stock on April 1, 2026
Indirect holdings after transaction
47,490.5734 shares
HPE common stock held indirectly via Merrill Lynch after April 1, 2026
Direct holdings after transaction
32,279 shares
HPE common stock held directly after April 1, 2026
Dividend equivalent rights (vested RSUs)
206.5585 units at $21.44
Vested RSU dividend equivalent rights credited January 16, 2026
Dividend equivalent rights (derivative column)
94.6123 units at $21.44
RSU dividend equivalent rights reflected as derivative securities
Original RSU grant
14,235 units
RSUs granted May 2, 2025, cliff vested at 2026 Annual Stockholders Meeting
Common stock transaction price
$23.98 per share
Price per share noted for common stock line on April 1, 2026
Key Terms
restricted stock units, dividend equivalent rights, cliff vested, Annual Stockholders Meeting, +1 more
5 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock."
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 on Issuer's common stock."
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
"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."
Annual Stockholders Meeting financial
"all of which cliff vested on the date of Issuer's 2026 Annual Stockholders Meeting."
defer the receipt of common stock financial
"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."
FAQ
What insider transaction did HPE director Jean M. Hobby report on this Form 4?
Jean M. Hobby reported exercising 14,499.0518 restricted stock units into the same number of Hewlett Packard Enterprise common shares. The RSUs represent deferred equity compensation linked one-for-one to common stock, reflecting a non-cash conversion rather than an open-market stock purchase or sale.
What are the key terms of Jean M. Hobby’s HPE restricted stock units (RSUs)?
Each restricted stock unit gives Jean M. Hobby a contingent right to receive one share of Hewlett Packard Enterprise common stock. Her RSU grant of 14,235 units cliff vested at the 2026 Annual Stockholders Meeting, and related dividend equivalent rights accrue when HPE pays dividends on its common stock.
How do dividend equivalent rights affect Jean M. Hobby’s HPE equity position?
Dividend equivalent rights increase Jean M. Hobby’s effective RSU-based holdings by crediting additional units when Hewlett Packard Enterprise pays dividends. Footnotes show 206.5585 vested dividend equivalent rights and 94.6123 derivative dividend equivalent rights credited at $21.44 per RSU on January 16, 2026, enhancing her compensation value.
When will Jean M. Hobby receive the HPE common stock underlying her deferred RSUs?
Jean M. Hobby elected to defer receipt of the Hewlett Packard Enterprise common stock underlying her RSUs until her service as a member of the Board of Directors ends. This election delays delivery of shares while still recording the equity award and related dividend equivalents in her account.