HPE (NYSE: HPE) director takes 831 shares instead of $37.5k cash retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REINER GARY M reported acquisition or exercise transactions in this Form 4 filing.
Hewlett Packard Enterprise director Gary M. Reiner received a stock grant as board compensation. He was awarded 831 shares of common stock at $45.11 per share under the company’s 2021 Stock Incentive Plan in lieu of a $37,500 Q1 cash retainer for Board Year 2026. Following this grant, he holds 831 shares directly and 81,241 shares indirectly through an account noted as “By JPM Chase.” This filing reflects routine equity-based compensation rather than an open‑market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
REINER GARY M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 831 | $45.11 | $37K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 831 shares (Direct, null);
Common Stock — 81,241 shares (Indirect, By JPM Chase)
Footnotes (1)
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Key Figures
Stock grant size: 831 shares
Grant price per share: $45.11 per share
Replaced cash retainer: $37,500
+2 more
5 metrics
Stock grant size
831 shares
Common stock award to director Gary M. Reiner
Grant price per share
$45.11 per share
Price used for the 831-share stock award
Replaced cash retainer
$37,500
Q1 cash retainer for Board Year 2026 paid in stock
Indirect holdings after transaction
81,241 shares
Indirectly held common stock noted as “By JPM Chase”
Direct holdings after grant
831 shares
Direct common stock position following the award
Key Terms
2021 Stock Incentive Plan, Q1 cash retainer, Board Year 2026, indirect ownership
4 terms
2021 Stock Incentive Plan financial
"These shares were issued to the reporting person pursuant to the Issuer's 2021 Stock Incentive Plan in lieu of Q1 cash retainer..."
Q1 cash retainer financial
"…pursuant to the Issuer's 2021 Stock Incentive Plan in lieu of Q1 cash retainer of $37,500 for Issuer's Board Year 2026."
Board Year 2026 financial
"…in lieu of Q1 cash retainer of $37,500 for Issuer's Board Year 2026."
indirect ownership financial
"total_shares_following_transaction 81241.0000, direct_or_indirect I, nature_of_ownership By JPM Chase"
FAQ
What did HPE director Gary M. Reiner report in this Form 4 for HPE?
Gary M. Reiner reported receiving 831 shares of Hewlett Packard Enterprise common stock as a stock grant. The shares were awarded as part of his director compensation, replacing a $37,500 Q1 cash retainer for the company’s Board Year 2026 under the 2021 Stock Incentive Plan.
What cash compensation did the new HPE stock grant replace for Gary M. Reiner?
The stock grant replaced a $37,500 Q1 cash retainer for Hewlett Packard Enterprise’s Board Year 2026. Instead of receiving that amount in cash, Gary M. Reiner was compensated with 831 shares of common stock issued under the 2021 Stock Incentive Plan.
Was Gary M. Reiner’s HPE stock grant an open-market purchase or a compensation award?
It was a compensation award, not an open-market purchase. The 831 shares were issued pursuant to Hewlett Packard Enterprise’s 2021 Stock Incentive Plan, specifically in lieu of a $37,500 Q1 cash retainer for Board Year 2026 service on the company’s board.
What plan governed Gary M. Reiner’s HPE stock grant and what period did it cover?
The grant was made under Hewlett Packard Enterprise’s 2021 Stock Incentive Plan and covered his Q1 retainer for Board Year 2026. The plan allows issuing stock to directors instead of cash fees, aligning part of their compensation with company equity.