HII director granted 25.729 stock units
Huntington Ingalls Industries director Victoria D. Harker received 25.729 director stock units (SUAs) as a grant under the company’s long-term incentive stock plans through dividend equivalents.
Rhea-AI Filing Summary
Huntington Ingalls Industries director Victoria D. Harker received 25.729 director stock units (SUAs) as a grant under the company’s long-term incentive stock plans through dividend equivalents. Each SUA represents the right to receive one share of common stock, generally payable within 30 days after she ceases board service.
Following this acquisition, she holds 7,776.644 SUAs and 2,662 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 25.729 shares
Grant/Award
2 txns
Insider
Harker Victoria D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 25.729 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (SUA) — 7,776.644 shares (Direct);
Common Stock — 2,662 shares (Direct)
Footnotes (1)
- F1. Pursuant to the Huntington Ingalls Industries, Inc. 2012 and 2022 Long-Term Incentive Stock Plan (together, the "LTISPs"), dividend equivalents are credited on each director stock unit ("SUA") held by the Reporting Person following the payment of the Company's quarterly cash dividend. Each SUA represents a right to receive one share of Company common stock, which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors. The number of dividend equivalents acquired by the Reporting Person under the LTISPs is calculated by dividing the aggregate amount of the dividend paid on the total number of SUAs held by the Reporting Person by the closing price of a share of Company common stock on the dividend payment date.
FAQ
What insider transaction did HII director Victoria Harker report on this Form 4?
HII director Victoria D. Harker reported receiving 25.729 director stock units (SUAs) as a grant under company long-term incentive stock plans. These units arose from dividend equivalents credited on her existing SUAs following a quarterly cash dividend payment.
What are SUAs in the Huntington Ingalls Industries (HII) Form 4 filing?
In the HII filing, each director stock unit (SUA) represents the right to receive one share of company common stock. SUAs generally become payable within 30 days after a non-employee director stops serving on the board of directors, converting into actual common shares.
How were the 25.729 SUAs for HII director Victoria Harker calculated?
The 25.729 SUAs were calculated by dividing the aggregate cash dividend paid on all SUAs Harker already held by the closing price of HII common stock on the dividend payment date, as provided under the company’s 2012 and 2022 Long-Term Incentive Stock Plans.
What are Victoria Harker’s total HII director stock units after this Form 4 transaction?
After this transaction, Victoria D. Harker holds 7,776.644 director stock units (SUAs) at HII. Each SUA entitles her to receive one share of Huntington Ingalls Industries common stock when they become payable after she ceases serving on the board.
When will the SUAs reported in HII director Victoria Harker’s Form 4 generally be paid out?
The SUAs will generally be paid out within 30 days after Victoria D. Harker ceases to provide services as a non-employee director on HII’s board, at which time each SUA is settled in one share of company common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
