Lane Raymond J. 4
Research Summary
AI-generated summary
HPE Director Raymond J. Lane Receives Stock Award
What Happened
- Raymond J. Lane, a director of Hewlett Packard Enterprise (HPE), was issued 1,585 shares on 2026-03-31 under the company's 2021 Stock Incentive Plan. The shares are valued at $23.81 each, totaling about $37,739, and were issued in lieu of a $37,750 Q4 cash retainer for board service.
- The filing also reports a derivative credit of 94.612 dividend-equivalent rights (recorded 2026-01-16) tied to previously granted restricted stock units (RSUs). These derivative credits reflect dividend equivalents on an earlier RSU grant.
Key Details
- Transaction dates and amounts:
- 2026-03-31: Award/acquisition of 1,585 shares at $23.81 — value ~$37,739. (Footnote F1)
- 2026-01-16: 94.612 dividend-equivalent rights credited (derivative); value shown as N/A in main table. (Footnotes F2–F3)
- Footnotes of note:
- F1: Shares issued under the 2021 Stock Incentive Plan in lieu of the Q4 2025 cash retainer.
- F2: Each RSU is a contingent right to one share.
- F3: Lane received 14,235 RSUs on 05/02/25 that cliff vest on the earlier of 05/02/26 or the 2026 Annual Meeting; 94.6123 dividend-equivalent rights at $21.44 per RSU were credited 01/16/26.
- Shares owned after the transaction: not specified in the filing.
- Filing date: 2026-04-02 — appears to be filed within the normal two-business-day window for the 2026-03-31 transaction.
- No 10b5-1 plan, tax-withholding sell-for-taxes, or late filing flag noted in the filing.
Context
- The primary item is a compensation-related award (shares issued in lieu of a cash retainer) and a credit of dividend-equivalent units on previously granted RSUs. These are routine board compensation items and do not necessarily indicate the director’s personal trading sentiment.
- For retail investors: purchases or open-market buys often carry different informational weight than routine awards or dividend-equivalent credits. This filing documents compensation and RSU-related activity rather than a discretionary buy or sell.