Bergh Charles V 4
4 · HP INC · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
HPQ Director Charles V. Bergh Receives 9,881 Shares
What Happened
Charles V. Bergh, a director of HP Inc. (HPQ), received 9,881 shares on April 1, 2026 through the exercise/conversion of derivative awards (deferred RSUs). The reported acquisition price was $0.00 — these were previously granted restricted stock units that vested earlier but were deferred for distribution. No sale of the shares was reported in this filing.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
- Transaction type: Conversion/exercise of derivative securities (code M) — 9,881 shares acquired at $0.00.
- Breakdown: The 9,881 shares reflect 7,965 RSUs granted and vested earlier plus 1,916 vested dividend-equivalent rights (per footnotes).
- Shares owned after transaction: Not specified in the excerpt of the filing.
- Footnotes: F1 explains each RSU converts to one share; F2 explains the original RSU grant (April 23, 2019), deferral election, and inclusion of dividend equivalents.
- No 10b5-1 plan, sale, or tax-withholding sale was reported in this filing.
Context
This was a routine conversion/distribution of deferred RSUs rather than an open-market purchase or sale. The transaction involved no cash outlay by the director and no immediate sale of the shares was reported, so it does not directly signal a buy or sell bias by the insider. For investors, RSU distributions are common compensation events; the filing mainly documents that the deferred award was settled and shares were issued.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-01+9,881→ 94,515 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-04-01−9,881→ 0 total→ Common Stock (9,881 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
- [F2]As previously reported, on April 23, 2019, the Reporting Person was granted 7,965 RSUs, all of which vested on the grant date; however, the Reporting Person elected to defer the receipt of common stock until April 1, 2026. Dividend equivalent rights accrued with respect to these RSUs when and as dividends were paid on HP common stock. The number of derivative securities in column 5 includes 1,916 vested dividend equivalent rights.