HPE (NYSE: HPE) director Ann Livermore converts 14,500 RSUs into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hewlett Packard Enterprise Co director Ann M. Livermore exercised restricted stock units into common shares. On 2026-04-01, 14,500 restricted stock units were converted into 14,500 shares of common stock at an exercise price of $0.00 per unit, with the common stock valued at $23.98 per share for this transaction.
Following the exercise, Livermore directly owned 36,810 shares of Hewlett Packard Enterprise common stock. She also held additional indirect positions, including 177,093 shares through an account identified as TAL-2003 Schwab and 4,488 shares through a Livermore IRA, indicating that the transaction represents a partial adjustment within a larger existing ownership base.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,500 shares exercised/converted
Mixed
6 txns
Insider
LIVERMORE ANN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,500 | $0.00 | -- |
| Exercise | Common Stock | 14,500 | $23.98 | $348K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 36,810 shares (Direct);
Common Stock — 0 shares (Indirect, by Livermore 2003 Trust)
Footnotes (1)
- The total direct beneficial ownership reflects a decrease of 5,730 shares due to the transfer to the reporting person's TAL-2003 account on 03/25/26. The total indirect beneficial ownership reflects a decrease of 132,139 shares due to the transfer to the reporting person's TAL-2003 account on 03/25/26. The total indirect beneficial ownership reflects a decrease of 39,224 shares due to the transfer to the reporting person's TAL-2003 account on 03/25/26. The total indirect beneficial ownership reflects an increase of 177,093 shares due to the transfer of the shares previously reported as being held directly and indirectly by the reporting person into the TAL-2003 account on 03/25/26. 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, and a de minimis adjustment of 0.9482 due to fractional rounding of the dividend equivalent rights.
Key Figures
RSUs exercised: 14,500 units
Common stock received: 14,500 shares
Transaction share price: $23.98 per share
+5 more
8 metrics
RSUs exercised
14,500 units
Restricted Stock Units converted to common stock on 2026-04-01
Common stock received
14,500 shares
Shares of Hewlett Packard Enterprise common stock from RSU conversion
Transaction share price
$23.98 per share
Value used for 14,500 common shares on 2026-04-01
Direct holdings after transaction
36,810 shares
Direct Hewlett Packard Enterprise common stock held by Ann M. Livermore
Indirect TAL-2003 Schwab holdings
177,093 shares
Indirect Hewlett Packard Enterprise shares via TAL-2003 Schwab account
Indirect IRA holdings
4,488 shares
Indirect Hewlett Packard Enterprise shares via Livermore IRA
Original RSU grant
14,235 units
RSUs granted on 2025-05-02 that later cliff vested
Dividend equivalent rights
264.9998 units approx.
Dividend equivalent rights credited at various prices per RSU before vesting
Key Terms
Restricted Stock Units, dividend equivalent rights, cliff vested, beneficial ownership, +1 more
5 terms
Restricted Stock Units financial
"The total direct beneficial ownership reflects a decrease of 5,730 shares due to the transfer to the reporting person's TAL-2003 account on 03/25/26."
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
"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."
beneficial ownership financial
"The total indirect beneficial ownership reflects an increase of 177,093 shares due to the transfer of the shares previously reported as being held directly and indirectly"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Grantor Retained Annuity Trust financial
"by Ann M Livermore Grantor Retained Annuity Trust IV"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
What insider transaction did HPE director Ann M. Livermore report on April 1, 2026?
Ann M. Livermore reported exercising 14,500 restricted stock units into 14,500 shares of Hewlett Packard Enterprise common stock. The RSUs converted at an exercise price of $0.00 per unit, and the common shares were recorded at $23.98 per share in the Form 4 filing.
What do the Form 4 footnotes say about Ann M. Livermore’s HPE restricted stock units?
Footnotes explain that 14,235 restricted stock units granted on May 2, 2025, plus accrued dividend equivalent rights, cliff vested at Hewlett Packard Enterprise’s 2026 Annual Stockholders Meeting. Each restricted stock unit entitled the holder to receive one share of the company’s common stock upon vesting.
Hewlett Packard Enterprise Co