Karros Kirt P 4
4 · Hewlett Packard Enterprise Co · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
HPE SVP Karros Kirt Sells 18,785 Shares
What Happened
Karros Kirt (SVP, Treasurer & Corporate Development) reported an open-market sale of 18,785 HPE shares on 2026-06-22 at $48.50 per share, generating about $911,073. The Form 4 also shows several awards/derivative credits: a 21,093‑share RSU grant on 2026-06-20 (vesting 7,031 shares each year 2027–2029) and multiple dividend-equivalent credits and RSU-related derivative entries posted earlier (01/16/26 and 04/23/26).
Key Details
- Sale: 18,785 shares disposed on 2026-06-22 at $48.50 — proceeds ≈ $911,073. (Transaction code S)
- Awards: 21,093 RSUs granted 06/20/26 (vest in three equal annual installments of 7,031 shares starting 06/20/27). (Transaction code A)
- Dividend-equivalent / derivative credits: several fractional derivative amounts credited on 01/16/26 and 04/23/26 tied to prior RSU grants (these are dividend-equivalent rights, not immediate free shares).
- RSU note: Each RSU is a contingent right to receive one share upon vesting.
- Trading plan: The sale was made pursuant to a trading plan adopted 03/23/26 (indicative of pre-arranged sales, e.g., a 10b5-1 plan).
- Filing: Form filed 06/23/26 covering transactions through 06/22/26 — appears timely (Form 4 is generally due within two business days).
- Filing did not disclose a total "shares owned after transaction" balance in the provided data.
Context
This filing combines a routine, pre-planned open-market sale (proceeds ~ $0.9M) with equity compensation activity (new RSU grant and dividend-equivalent credits). Awards/derivative entries represent rights to future shares or cash tied to dividends and typically vest over time — they are not the same as an immediate buy signal. Sales executed under a trading plan are usually pre-scheduled and do not necessarily reflect a change in the insider's view of the company.
Insider Transaction Report
- Sale
Common Stock
2026-06-22$48.50/sh−18,785$911,073→ 0 total - Award
Restricted Stock Units
[F1][F2]2026-01-16+364.415→ 33,057.415 total→ Common Stock (364.415 underlying) - Award
Restricted Stock Units
[F1][F3]2026-01-16+593.111→ 52,391.111 total→ Common Stock (593.111 underlying) - Award
Restricted Stock Units
[F1][F4]2026-01-16+1,391.339→ 120,488.875 total→ Common Stock (1,391.339 underlying) - Award
Restricted Stock Units
[F1][F5]2026-01-16+984.783→ 84,806.783 total→ Common Stock (984.783 underlying) - Award
Restricted Stock Units
[F1][F6]2026-06-20+21,093→ 21,093 total→ Common Stock (21,093 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- [F2]As previously reported, on 12/07/23, the reporting person was granted 93,052 Restricted Stock Units ("RSUs"), 31,017 of which vested on 12/07/24, 31,017 of which vested on 12/07/25, and 31,018 of which will vest on 12/07/26. 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 206.1597 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26, and 158.2551 dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26.
- [F3]As previously reported, on 12/09/24, the reporting person was granted 75,725 RSUs, 25,241 of which vested on 12/09/25, and 25,242 of which will vest on each of 12/09/26 and 12/09/27. The number of derivative securities in column 5 reflects 335.5396 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26, and 257.5714 dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26.
- [F4]As previously reported, on 07/20/25, the reporting person was granted 118,427 RSUs, 39,475 of which will vest on 07/20/26, and 39,476 of which will vest on each of 07/20/27 and 07/20/28. The number of derivative securities in column 5 reflects 787.1198 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26, and 604.2194 dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26.
- [F5]As previously reported, on 12/08/25, the reporting person was granted 83,822 RSUs, 27,940 of which will vest on 12/08/26, and 27,941 of which will vest on each of 12/08/27 and 12/08/28. 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 557.1192 dividend equivalent rights at $21.44 per RSU credited to the reporting person's account on 01/16/26, and 427.6633 dividend equivalent rights at $27.93 per RSU credited to the reporting person's account on 04/23/26.
- [F6]On 06/20/26, the reporting person was granted 21,093 RSUs, 7,031 of which will vest on each of 06/20/27, 06/20/28, and 06/20/29. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Issuer's common stock.