Carter Pamela L 4
4 · Hewlett Packard Enterprise Co · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
HPE Director Pamela Carter Exercises 14,500 Share Derivatives
What Happened
- Pamela L. Carter, a director of Hewlett Packard Enterprise (HPE), exercised/converted derivative securities (transaction code M) on 2026-04-01 to acquire 14,500 shares at $23.98 per share for a total cash cost of $347,710. The filing also shows a related derivative disposition entry (14,500 shares, N/A), reflecting that Carter elected to defer receipt of the underlying common stock until termination of her service on HPE’s Board (see footnote F1). No immediate open‑market sale of the acquired shares was reported.
Key Details
- Transaction date: 2026-04-01; Filing date: 2026-04-03 (filed two days after the transaction — appears timely under Form 4 rules).
- Acquired: 14,500 shares via exercise/conversion at $23.98 each; total reported cost $347,710.
- Report also lists a disposition/derivative entry for 14,500 shares (N/A), explained by the director’s election to defer receipt of shares until she leaves the board (F1).
- Footnotes: Dividend equivalent rights were credited to the reporting person’s account on 07/17/25, 10/17/25, and 01/16/26 (see F2); each RSU represents a contingent right to one share (F3). As previously reported, 14,235 RSUs had been granted and cliff‑vested at the 2026 Annual Meeting (F4).
- Shares owned after transaction: not specified in the excerpt of the filing provided.
Context
- Code M denotes exercise or conversion of a derivative (e.g., option or vested RSU). In this case, the director exercised/converted and then elected to defer delivery of the resulting shares, so there was no immediate sale (i.e., not a cashless exercise resulting in shares sold into the market).
- These filings are technical and reflect compensation vesting and deferral elections; they do not by themselves indicate the director’s market view.
Insider Transaction Report
Form 4
Carter Pamela L
Director
Transactions
- Exercise/Conversion
Common Stock
2026-04-01$23.98/sh+14,500$347,710→ 132,170 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-04-01−14,500→ 0 total→ Common Stock (14,500 underlying)
Holdings
- 41,001.567(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 her service as a member of the Issuer's Board of Directors.
- [F2]The number of shares in column 5 includes 201.3409 vested restricted stock unit ("RSU") dividend equivalent rights at $20.83 per RSU credited to the reporting person's account on 07/17/25, 182.6625 dividend equivalent rights at $22.96 per RSU credited to the reporting person's account on 10/17/25, and 214.4213 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F4]As previously reported, on 05/02/25, the reporting person was granted 14,235 restricted stock units ("RSUs"), all of which cliff vested on 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. 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 88.8406 dividend equivalent rights at $20.83 per RSU credited to the reporting person's account on 07/17/25, 80.5989 dividend equivalent rights at $22.96 per RSU credited to the reporting person's account on 10/17/25, 94.6123 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26 vested dividend equivalent rights, and a de minimis adjustment of 0.9482 due to fractional rounding of the dividend equivalent rights.
Signature
Jonathan Sturz as Attorney-in-Fact for Pamela L. Carter|2026-04-03