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Hewlett Packard Enterprise Co·4

Apr 2, 4:02 PM ET

REINER GARY M 4

Research Summary

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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.