DAMELIO FRANK A 4
4 · Hewlett Packard Enterprise Co · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
HPE Director Frank A. Damelio Receives 8,750 RSU Award
What Happened
Frank A. Damelio, a director of Hewlett Packard Enterprise (HPE), received a grant of 8,750 restricted stock units (RSUs) on 2026-05-01 (transaction code A). The award is reported as a derivative grant (no purchase price listed). These RSUs will cliff-vest on the earlier of 2027-05-01 or the date of HPE’s 2027 Annual Stockholders Meeting. Damelio elected to defer receipt of the underlying common stock until the termination of his service on the Board. The filing also notes 144.4031 vested RSU dividend-equivalent units credited on 2026-04-23 at $27.93 per unit.
Key Details
- Transaction date: 2026-05-01 (grant of 8,750 RSUs). Filing date: 2026-05-05 (timely within the 2-business-day Form 4 window).
- Price/Value: Grant shows N/A (typical for RSU awards); dividend-equivalent credit of 144.4031 units at $27.93 each was recorded 2026-04-23.
- Vesting: Cliff vest on earlier of 05/01/27 or HPE’s 2027 Annual Meeting. Dividend equivalents accrue when dividends are paid.
- Deferral: Damelio elected to defer receipt of shares until his Board service ends (no immediate stock delivery).
- Shares owned after transaction: The filing’s reported share total includes the 144.4031 vested dividend-equivalent units; the filing does not report a cash purchase or immediate share transfer.
- Filing timeliness: Filed 2026-05-05 for a 2026-05-01 grant — appears timely.
Context
Restricted stock units are a form of compensation that give a contingent right to receive shares at vesting (here, one RSU = one share). This grant is a routine director compensation event rather than an open-market purchase or sale; because Damelio deferred receipt, there are no newly issued common shares transferred to him now and no immediate sell signal. Dividend-equivalent credits simply mirror cash dividends while RSUs are outstanding and do not indicate an independent trading view.
Insider Transaction Report
- Award
Restricted Stock Units
[F3][F4]2026-05-01+8,750→ 8,750 total→ Common Stock (8,750 underlying)
- 3,444
Common Stock
- 47,721.762(indirect: By Merrill Lynch)
Common Stock
[F1][F2]
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 144.4031 vested restricted stock unit ("RSU") dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F4]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. 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.