Frank A. D’Amelio of Hewlett Packard Enterprise (HPE) exercises 14.5K RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hewlett Packard Enterprise director Frank A. D’Amelio exercised restricted stock units into common shares. On April 1, 2026, he converted 14,499.0518 restricted stock units, each representing a right to one share of common stock, into the same number of common shares.
After this activity, he held 47,490.5734 shares of HPE common stock indirectly through a Merrill Lynch account and 3,444 shares directly. The footnotes explain these units came from a prior 14,235 RSU grant that cliff vested at the 2026 Annual Stockholders Meeting, with additional shares from vested dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,499.052 shares exercised/converted
Mixed
3 txns
Insider
DAMELIO FRANK A
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 — 3,444 shares (Direct)
Footnotes (1)
- The reporting person elected to defer the receipt of common stock until the termination of his service as a member of the Issuer's Board of Directors. The number of shares in column 5 includes 193.9578 vested restricted stock unit ("RSU") dividend equivalent rights at $20.83 per RSU credited to the reporting person's account on 07/17/25, 175.9643 vested RSU dividend equivalent rights at $22.96 per RSU credited to the reporting person's account on 10/17/25, and 206.5585 vested RSU 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 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.
Key Figures
RSUs exercised: 14,499.0518 units
Indirect common shares after transaction: 47,490.5734 shares
Direct common shares after transaction: 3,444 shares
+2 more
5 metrics
RSUs exercised
14,499.0518 units
Restricted stock units converted to HPE common stock on April 1, 2026
Indirect common shares after transaction
47,490.5734 shares
HPE common stock held indirectly through Merrill Lynch after April 1, 2026
Direct common shares after transaction
3,444 shares
HPE common stock held directly by Frank A. D’Amelio after April 1, 2026
Original RSU grant
14,235 units
RSUs granted on May 2, 2025 that cliff vested at 2026 Annual Stockholders Meeting
Dividend equivalent rights (example credit)
193.9578 units at $20.83
Vested RSU dividend equivalent rights credited on July 17, 2025
Key Terms
Restricted Stock Units, dividend equivalent rights, cliff vested, Annual Stockholders Meeting, +1 more
5 terms
Restricted Stock Units financial
"The reporting person was granted 14,235 restricted stock units ("RSUs"), all of which cliff vested..."
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
"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."
derivative security financial
"Exercise or conversion of derivative security"
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.
FAQ
What did HPE director Frank A. D’Amelio report in this Form 4 for HPE?
Frank A. D’Amelio reported exercising 14,499.0518 restricted stock units into the same number of HPE common shares on April 1, 2026. These RSUs were previously granted as director compensation and had fully vested before conversion.
What type of securities did Frank A. D’Amelio exercise in this HPE Form 4 filing?
He exercised restricted stock units (RSUs), which are derivative securities granting a contingent right to receive one HPE common share per unit. The filing shows 14,499.0518 RSUs converted into common stock on April 1, 2026.
How were dividend equivalent rights treated in Frank A. D’Amelio’s HPE RSU award?
Footnotes explain that dividend equivalent rights accrued on the RSUs when HPE paid dividends. These vested rights increased the RSU count and resulting shares, with specific amounts credited on July 17, 2025, October 17, 2025, and January 16, 2026.
What was the original RSU grant to Frank A. D’Amelio mentioned in this HPE Form 4?
The filing notes that on May 2, 2025, he was granted 14,235 restricted stock units. These RSUs cliff vested on the date of HPE’s 2026 Annual Stockholders Meeting, and dividend equivalent rights accrued as HPE paid dividends.