Kristen Ludgate - Dec 7, 2021 Form 4 Insider Report for HP INC (HPQ)

Role
Chief People Officer
Signature
/s/ Rick Hansen as Attorney-in-Fact for Kristen Ludgate
Stock symbol
HPQ
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
4
Date filed
12/9/2021, 05:00 PM
Previous filing
Jul 14, 2021
Next filing
Jul 14, 2022

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 Award +34.3K 34.3K Dec 7, 2021 Common Stock 34.3K Direct F1, F2
transaction HPQ Performance Adjusted Restricted Stock Units Award +19.8K 19.8K Dec 7, 2021 Common Stock 19.8K Direct F3
transaction HPQ Performance Contingent Stock Options Award +91.2K 91.2K Dec 7, 2021 Common Stock 91.2K $37.29 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.
F2 On 12/7/2021, the reporting person was granted 34,326 Restricted Stock Units RSUs, one-third of which vest annually over three years on each of 12/7/2022, 12/7/2023 and 12/7/2024. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on HP common stock.
F3 On 12/7/2021, the reporting person was granted 19,829 performance adjusted restricted stock units ("PARSUs"), 100% of which will only be earned after certification of financial results as of 10/31/2024, subject to certain earnings per share and relative total stockholder return conditions being met as of that date. Dividend equivalent rights accrue with respect to these PARSUs when and as dividends are paid on HP common stock.
F4 The performance contingent stock options granted on 12/7/2021 will vest 33.3% on each of the first two anniversaries of the grant date, and 33.4% on the third anniversary, in each case subject to the satisfaction of certain stock price performance conditions.