HPE adjusts PARSU metrics for Russia/Ukraine exit; segment two payout up ~37%

Hewlett Packard Enterprise Co

On Oct 30, 2024, HRC Committee modified fiscal 2022 PARSU non-GAAP net income growth target to exclude Russia/Belarus results from FY2021 and FY2022.
Adjustment addresses impact of suspension of sales to Russia/Belarus and managed exit from those countries due to the conflict.
Total payout for segment two of the fiscal 2022 PARSUs is estimated to increase by approximately 37% compared to pre-modification level.
Modification applies to awards for certain current and former named executive officers under the 2021 Stock Incentive Plan.

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