Carter Pamela L 4

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.