Enrique Lores - 07 Dec 2024 Form 4 Insider Report for HP INC (HPQ)

Role
President and CEO, Director
Signature
/s/ Rick Hansen as Attorney-in-Fact for Enrique Lores
Issuer symbol
HPQ
Transactions as of
07 Dec 2024
Net transactions value
-$4,893,704
Form type
4
Filing time
10 Dec 2024, 20:20:06 UTC
Previous filing
22 Nov 2024
Next filing
11 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HPQ Common Stock Options Exercise $0 +169,612 +541% $0.000000 200,958 07 Dec 2024 Direct
transaction HPQ Common Stock Tax liability $2,908,417 -80,343 -40% $36.20 120,615 07 Dec 2024 Direct F1
transaction HPQ Common Stock Options Exercise $3,011,788 +105,751 +88% $28.48 226,366 09 Dec 2024 Direct
transaction HPQ Common Stock Sale $4,997,076 -137,094 -61% $36.45 89,272 09 Dec 2024 Direct F2, F3
holding HPQ Common Stock 888,908 07 Dec 2024 By Limited Partnership F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HPQ Restricted Stock Units Options Exercise -44,345 -100% 0 07 Dec 2024 Common Stock 44,345 Direct F5, F6
transaction HPQ Restricted Stock Units Options Exercise -64,333 -52% 60,042 07 Dec 2024 Common Stock 64,333 Direct F5, F7
transaction HPQ Restricted Stock Units Options Exercise -60,934 -34% 118,891 07 Dec 2024 Common Stock 60,934 Direct F5, F8
transaction HPQ Performance Contingent Stock Options Options Exercise $0 -105,751 -25% $0.000000 317,251 09 Dec 2024 Common Stock 105,751 $28.48 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares withheld by HP to satisfy tax withholding upon vesting.
F2 The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 6/10/2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.145-$36.755, 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 Represents shares held by a limited partnership, which is ultimately controlled by the reporting person.
F5 Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
F6 As previously reported, on 12/7/2021, the reporting person was granted 120,676 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities in column 5 includes 4,119 vested dividend equivalent rights.
F7 As previously reported, on 12/8/2022, the reporting person was granted 180,126 RSUs, 1/3 of which vest annually over 3 years on the anniversary of 12/7/2022. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities in column 5 includes 4,291 vested dividend equivalent rights.
F8 As previously reported, on 12/19/2023, the reporting person was granted 178,336 RSUs, 1/3 of which vest annually over 3 years on the anniversary of 12/7/2023. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock. The number of derivative securities in column 5 includes 1,489 vested dividend equivalent rights.
F9 On 12/8/2022, the reporting person was granted 634,503 performance contingent stock options, 1/3 of which vest annually over 3 years on the anniversary of the grant date, in each case subject to the satisfaction of certain stock price performance conditions.