Huntington Ingalls (NYSE: HII) director receives 174 stock units under 2022 incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O'Sullivan Stephanie L. reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries director Stephanie L. O'Sullivan received an award of 174 shares of common stock equivalents valued at $278.97 per share. The award was deferred into a stock unit account under the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan in an exempt transaction pursuant to Rule 16b-3. Following this grant, O'Sullivan directly holds 4,212.703 shares of common stock equivalents, indicating a routine, compensation-related increase in her equity-based holdings rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Sullivan Stephanie L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 174 | $278.97 | $49K |
Holdings After Transaction:
Common Stock (SUA) — 4,212.703 shares (Direct, null)
Footnotes (1)
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Key Figures
Stock units granted: 174 shares
Grant price: $278.97 per share
Holdings after transaction: 4,212.703 shares
3 metrics
Stock units granted
174 shares
Award of common stock equivalents to director
Grant price
$278.97 per share
Reference price for stock unit award
Holdings after transaction
4,212.703 shares
Director’s direct common stock equivalents after grant
Key Terms
2022 Long-Term Incentive Stock Plan, stock unit account, Rule 16b-3, Common Stock (SUA)
4 terms
2022 Long-Term Incentive Stock Plan financial
"pursuant to Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan"
stock unit account financial
"Shares of common stock deferred into stock unit account"
Rule 16b-3 regulatory
"in an exempt transaction pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Common Stock (SUA) financial
"security_title: Common Stock (SUA)"
FAQ
What insider transaction did HII director Stephanie O'Sullivan report on this Form 4?
Director Stephanie O'Sullivan reported receiving an award of 174 common stock equivalents. These were granted as part of Huntington Ingalls Industries’ 2022 Long-Term Incentive Stock Plan and deferred into a stock unit account rather than acquired in an open-market purchase.
At what price were the HII stock units granted to Stephanie O'Sullivan?
The stock units were granted at $278.97 per share. This value reflects the reference price used for the award of 174 common stock equivalents under the company’s 2022 Long-Term Incentive Stock Plan for director compensation.
Was Stephanie O'Sullivan’s HII Form 4 transaction an open-market stock purchase?
No, the transaction was not an open-market purchase. It was a grant of 174 deferred stock units under the 2022 Long-Term Incentive Stock Plan, categorized as an exempt award under SEC Rule 16b-3 for director compensation.
What plan governed the HII stock unit award to Stephanie O'Sullivan?
The award was made under the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan. The filing notes that the 174 shares of common stock equivalents were deferred into a stock unit account pursuant to this plan in an exempt Rule 16b-3 transaction.