REINER GARY M 4
Research Summary
AI-generated summary
HPE Director Gary M. Reiner Sells 20,000 Shares
What Happened
- Gary M. Reiner, a director of Hewlett Packard Enterprise (HPE), reported an open-market sale of 20,000 shares on 2026-06-03 at a weighted average price of $54.77, generating proceeds of approximately $1,095,384. He also reported a gift of 1,700 shares on 2026-06-04 (no proceeds).
- The sale is a disposition (S) and the subsequent transfer was a gift (G). Sales are often routine portfolio transactions; gifts do not necessarily reflect the insider's view of the stock.
Key Details
- Transaction dates and prices:
- 2026-06-03: Sale of 20,000 shares at a weighted average price of $54.77 (range reported $54.82 to $54.74) — proceeds ~$1,095,384. (Footnote: weighted-average; number of shares at each price available on request.)
- 2026-06-04: Gift of 1,700 shares at $0.00 (no proceeds).
- Shares owned after the transactions: Not disclosed in the provided filing details.
- Notable footnotes: F1 notes the price shown is a weighted average with a reported range ($54.82–$54.74); the filer can provide a breakdown by price on request.
- Filing timeliness: Form 4 was filed on 2026-06-04 for a 2026-06-03 sale and a 2026-06-04 gift — the filing appears timely (no late filing indicated).
Context
- Gifts are non-sale transfers and do not imply confidence or lack thereof in the company’s prospects; they are often for personal or estate-planning reasons.
- This report involves a company director (not a 10% owner or an option exercise). There were no option exercises, 10b5-1 plan disclosures, or tax-withholding dispositions noted in the provided details.