Citrino Mary Anne 4
4 · HP INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
HP Inc (HPQ) Director Mary Anne Citrino Exercises Options, Sells Shares
What Happened Mary Anne Citrino, a director of HP Inc (HPQ), exercised stock options on March 11, 2026 to acquire 72,816 shares (exercise price reported $11.45), resulting in an acquisition value of about $833,743. On the same day she sold 45,172 of those shares in open-market transactions at a weighted average price of $18.47, generating proceeds of about $834,327. The filing also reports the underlying option position as disposed at $0, reflecting the option exercise.
Key Details
- Transaction date: 2026-03-11; Form 4 filed 2026-03-13 (timely filing).
- Option exercise: 72,816 shares acquired at $11.45 (total ~$833,743).
- Open-market sale: 45,172 shares sold at weighted avg $18.47 (range $18.315–$18.545) for ~$834,327.
- Derivative reporting: the exercised option reported as disposed at $0 (code M = exercise/conversion).
- Footnotes: 652.70 shares included via dividend reinvestment plan (F1); shares sold were used to cover exercise price and broker fees (F2); option grant dated May 5, 2016 and vested one year after grant (F4).
- Shares owned after the transactions are not specified in the provided filing.
Context This was an option exercise with partial immediate sale to cover the exercise price and fees (a routine cashless exercise), rather than an outright purchase as a new bullish stake. Sales that cover exercise costs are common among insiders and do not, by themselves, indicate a change in opinion on the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-11$11.45/sh+72,816$833,743→ 78,423 total - Sale
Common Stock
[F2][F3][F1]2026-03-11$18.47/sh−45,172$834,327→ 33,251 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
[F4]2026-03-11−72,816→ 0 totalExercise: $11.45Exp: 2026-05-04→ Common Stock (72,816 underlying)
Footnotes (4)
- [F1]The number of shares shown includes 652.70 shares acquired through the Reporting Person's participation in a dividend reinvestment plan.
- [F2]Represents shares sold to cover the exercise price and broker fees and commissions in connection with the exercise of stock options.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.315 to $18.545, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]On May 5, 2016, the Reporting Person was granted an option to purchase 72,816 shares, vesting in full on the one-year anniversary of the grant date.