HPE (NYSE: HPE) director receives 8,750 RSUs with 2027 vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hobby Jean M. reported acquisition or exercise transactions in this Form 4 filing.
Hewlett Packard Enterprise director Jean M. Hobby received an equity award of 8,750 restricted stock units (RSUs) tied to the company’s common stock. Each RSU represents a contingent right to one HPE share.
These 8,750 RSUs will cliff vest on the earlier of May 1, 2027 or the date of HPE’s 2027 Annual Stockholders Meeting, and dividend equivalent rights will accrue on them when dividends are paid. Hobby elected to defer receipt of the underlying common stock until her service on the board ends.
Following these updates, she holds 32,279 shares of common stock directly and 47,721.7622 shares indirectly through Merrill Lynch, which includes 231.1888 vested RSU dividend equivalent rights credited at $27.93 per RSU on April 23, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hobby Jean M.
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 — 32,279 shares (Direct, null);
Common Stock — 47,721.762 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 231.1888 vested restricted stock units ("RSUs") 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.
Key Figures
RSU grant size: 8,750 RSUs
RSU vesting trigger: Earlier of May 1, 2027 or 2027 Annual Meeting
Direct common stock holding: 32,279 shares
+3 more
6 metrics
RSU grant size
8,750 RSUs
Granted on May 1, 2026 to director Jean M. Hobby
RSU vesting trigger
Earlier of May 1, 2027 or 2027 Annual Meeting
Cliff vesting schedule for 8,750 RSUs
Direct common stock holding
32,279 shares
Total shares following reported transactions
Indirect common stock holding
47,721.7622 shares
Held indirectly through Merrill Lynch after transactions
Dividend equivalent RSUs
231.1888 units
Vested RSU dividend equivalent rights credited April 23, 2026
Dividend equivalent rate
$27.93 per RSU
Rate used for 231.1888 dividend equivalent rights on April 23, 2026
Key Terms
restricted stock units, cliff vest, dividend equivalent rights, contingent right, +1 more
5 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.
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.
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock."
defer the receipt of common stock financial
"The reporting person elected to defer the receipt of common stock until the termination of her service"
FAQ
What did HPE director Jean M. Hobby receive in this Form 4 filing for HPE?
Jean M. Hobby received an award of 8,750 restricted stock units (RSUs) tied to Hewlett Packard Enterprise common stock. Each RSU represents a contingent right to receive one share, forming part of her overall equity-based board compensation package.
When do Jean M. Hobby’s 8,750 HPE restricted stock units vest?
The 8,750 RSUs will cliff vest on the earlier of May 1, 2027 or the date of Hewlett Packard Enterprise’s 2027 Annual Stockholders Meeting. Until vesting, they remain contingent rights that also accrue dividend equivalent rights when dividends are paid.
What are the RSU dividend equivalent rights mentioned in HPE director Jean M. Hobby’s filing?
The filing notes 231.1888 vested RSU dividend equivalent rights credited at $27.93 per RSU on April 23, 2026. These rights mirror dividends paid on HPE common stock and are included in her indirect holdings balance through Merrill Lynch.
Are Jean M. Hobby’s 8,750 HPE RSUs an open-market purchase or a compensation grant?
The 8,750 HPE RSUs are a grant or award acquisition, not an open-market purchase. The Form 4 uses transaction code “A,” indicating they were granted as part of her compensation rather than bought or sold in the market.