REINER GARY M 4
4 · Hewlett Packard Enterprise Co · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
HPE Director Gary Reiner Receives 1,795-Share Award
What Happened
Gary M. Reiner, a director of Hewlett Packard Enterprise (HPE), was issued 1,795 shares on 2026-03-31 (value reported at $23.81/share, ~$42,739) as an award under HPE’s 2021 Stock Incentive Plan in lieu of a Q4 cash retainer. In addition, on 2026-01-16 he was credited with 94.612 dividend-equivalent rights tied to previously granted restricted stock units (RSUs) (these were recorded at $21.44 per RSU). Both entries are coded as acquisitions/awards (A) — company compensation, not an open-market purchase.
Key Details
- Transaction dates and values:
- 03/31/2026: 1,795 shares issued at $23.81 each — total ~$42,739 (award in lieu of $42,750 cash retainer; footnote F3).
- 01/16/2026: 94.612 dividend-equivalent credits tied to prior RSU grant, recorded at $21.44 per RSU (footnote F5).
- Footnotes of note:
- F3: Shares issued under the 2021 Stock Incentive Plan in lieu of Q4 2025 cash retainer.
- F4/F5: RSUs represent contingent rights to one share each; dividend-equivalent credits reflect dividends on those RSUs.
- F1/F2: Form reports transfers of 1,403 shares from the reporting person’s direct holding into his J.P. Morgan account (direct beneficial ownership down 1,403; indirect up 1,403).
- Ownership after transaction: the excerpt notes the 1,403-share transfer between direct and indirect holdings; total post-transaction beneficial ownership is not specified in the provided excerpt.
- Filing: Form 4 filed 2026-04-02 reporting transactions through 2026-03-31; no late-filing indication provided in the excerpt.
Context
These transactions are awards/compensation (shares issued in lieu of cash retainer and dividend-equivalent credits tied to RSUs) and are routine for board members. Dividend-equivalent credits are derivative rights associated with previously granted RSUs that cliff-vest (per F5) on the earlier of 05/02/26 or the 2026 Annual Meeting; they are not the same as a stock purchase or sale. Such awards reflect compensation mechanics rather than an insider buying or selling stock as a market-confidence signal.
Insider Transaction Report
- Award
Common Stock
[F3][F1]2026-03-31$23.81/sh+1,795$42,739→ 1,795 total - Award
Restricted Stock Units
[F4][F5]2026-01-16+94.612→ 14,499.052 total→ Common Stock (94.612 underlying)
- 86,646(indirect: By JPM Chase)
Common Stock
[F2]
Footnotes (5)
- [F1]The total direct beneficial ownership reflects a decrease of 1,403 shares due to transfer of the shares into the reporting person's JP Morgan Chase account on 01/05/26 and 01/06/26.
- [F2]The total indirect beneficial ownership reflects an increase of 1,403 shares due to transfer of the shares previously reported as being held directly by the reporting person into his JP Morgan Chase account on 01/05/26 and 01/06/26.
- [F3]These shares were issued to the reporting person pursuant to the Issuer's 2021 Stock Incentive Plan in lieu of Q4 cash retainer of $42,750 for Issuer's Board Year 2025.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F5]As previously reported, on 05/02/25, the reporting person was granted 14,235 restricted stock units ("RSUs"), all of which will cliff vest on the earlier of 05/02/26 or 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. The number of derivative securities in column 5 reflects 94.6123 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26.