Christoph Schell - 07 Dec 2021 Form 4 Insider Report for HP INC (HPQ)

Reporting relationship: Chief Commercial Officer
Issuer ticker: HPQ
Reported as of: 07 Dec 2021
Net transaction value: -$2,023,691
SEC form: 4
Accepted by SEC: 09 Dec 2021, 16:58:27 UTC
Prior SEC filing: 18 Nov 2021
Next SEC filing: 22 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Rick Hansen as Attorney-in-Fact for Christoph Schell

Key filing fact

Christoph Schell filed Form 4 for HP INC (HPQ) on 09 Dec 2021.

Key facts

This page summarizes Christoph Schell's Form 4 filing for HP INC (HPQ).
8 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 09 Dec 2021, 16:58.

Change

Previous filing in this sequence was filed on 18 Nov 2021.
Current net transaction value: -$2,023,691.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HPQ transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +109,454
Change %: +246%
Price: $0.000000
Shares after: 153,906
Date: 07 Dec 2021
Ownership: Direct

HPQ transaction

Common Stock

Tax liability

Transaction value: $2,023,691
Shares: -54,269
Change %: -35%
Price: $37.29
Shares after: 99,637
Date: 07 Dec 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HPQ transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +72,942
Change %
Price
Shares after: 72,942
Date: 07 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 72,942
Exercise price
Footnotes: F2, F3

HPQ transaction Derivative

Performance Adjusted Restricted Stock Units

Award

Transaction value
Shares: +42,137
Change %
Price
Shares after: 42,137
Date: 07 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 42,137
Exercise price
Footnotes: F4

HPQ transaction Derivative

Performance Contingent Stock Options

Award

Transaction value
Shares: +193,719
Change %
Price
Shares after: 193,719
Date: 07 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 193,719
Exercise price: $37.29
Footnotes: F5

HPQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -37,594
Change %: -34%
Price
Shares after: 73,198
Date: 07 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 37,594
Exercise price
Footnotes: F2, F6

HPQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -39,905
Change %: -52%
Price
Shares after: 37,399
Date: 07 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 39,905
Exercise price
Footnotes: F2, F7

HPQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -31,955
Change %: -100%
Price
Shares after: 0
Date: 07 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 31,955
Exercise price
Footnotes: F2, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Shares withheld by HP to satisfy tax withholding upon vesting.

Footnote F2

Each restricted stock unit ("RSU") represents a contingent right to receive one share of HP common stock.

Footnote F3

On 12/7/2021, the reporting person was granted 72,942 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.

Footnote F4

On 12/7/2021, the reporting person was granted 42,137 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.

Footnote F5

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.

Footnote F6

As previously reported, on 12/7/2020, the reporting person was granted 109,797 RSUs, 36,599 of which vested on 12/7/2021 and 36,599 of which is scheduled to vest on each of 12/7/2022 and 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 995 vested dividend equivalent rights.

Footnote F7

As previously reported, on 12/6/2019, the reporting person was granted 112,195 RSUs, 37,398 of which vested on each of 12/7/2020 and 12/7/2021, and 37,399 of which is scheduled to vest on 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 2,507 vested dividend equivalent rights.

Footnote F8

As previously reported, on 12/7/2018, the reporting person was granted 87,222 RSUs, 29,074 of which vested on each of 12/7/2019, 12/7/2020 and 12/7/2021. 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 2,881 vested dividend equivalent rights.