DAMELIO FRANK A 4
4 · Hewlett Packard Enterprise Co · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
HPE Director Frank Damelio Exercises 14,499 RSUs
What Happened
- Frank A. Damelio, a director of Hewlett Packard Enterprise Co (HPE), executed a conversion/exercise of derivative securities (code M) on 2026-04-01, covering 14,499.052 shares at an exercise/conversion price of $23.98 per share for a reported aggregate value of $347,687.
- Although the filing shows the derivative converted into 14,499.052 shares, the reporting person elected to defer receipt of the common stock until termination of his board service (Footnote F1), so no shares were delivered to him immediately.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-03.
- Price / value: $23.98 per share; total reported value $347,687.
- Quantity breakdown: 14,499.052 total — this reflects a prior grant of 14,235 RSUs (granted 05/02/2025, cliff vested at the 2026 Annual Meeting) plus ~264.052 dividend-equivalent units credited across 07/17/25, 10/17/25 and 01/16/26 (see Footnotes F2 and F4).
- What the derivative is: Each RSU is a contingent right to one share of common stock (F3). Dividend-equivalent rights credited to the RSUs were converted/vested and included in the count.
- Shares owned after transaction: not specified in this filing.
- Filing timeliness: Form filed within a few days of the reported transaction (no late-filing indication).
Context
- This was a conversion/settlement of RSUs and dividend-equivalent units, not an open-market purchase or sale. The reporting person elected to defer receipt of the underlying shares, so no immediate share transfer or sale occurred.
- For retail investors: awards/RSU vesting and exercises by directors often reflect routine compensation administration rather than an independent buy/sell decision; because receipt was deferred, this does not signal an immediate increase or decrease in insider-held tradable shares.
Insider Transaction Report
Form 4
DAMELIO FRANK A
Director
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-04-01$23.98/sh+14,499.052$347,687→ 47,490.573 total(indirect: By Merrill Lynch) - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-04-01−14,499.052→ 0 total→ Common Stock (14,499.052 underlying)
Holdings
- 3,444
Common Stock
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F4]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.
Signature
Jonathan Sturz as Attorney-in-Fact for Frank A D'Amelio|2026-04-03