Huntington Ingalls (HII) director receives 123-share deferred stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries director Stephanie L. O'Sullivan received an equity award of 123 shares of common stock equivalents. The award was granted at a reference price of $393.32 per share and was deferred into a stock unit account under the company’s 2022 Long-Term Incentive Stock Plan.
After this grant, she holds a total of 4,020.065 shares of Huntington Ingalls Industries common stock in direct ownership. The transaction is classified as an exempt grant or award acquisition under Rule 16b-3 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
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 123 | $393.32 | $48K |
Holdings After Transaction:
Common Stock (SUA) — 4,020.065 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 123 shares
Grant reference price: $393.32 per share
Total shares after transaction: 4,020.065 shares
3 metrics
Shares granted
123 shares
Equity award of common stock equivalents
Grant reference price
$393.32 per share
Value used for the 123-share award
Total shares after transaction
4,020.065 shares
Direct holdings following the award
Key Terms
Rule 16b-3, stock unit account, 2022 Long-Term Incentive Stock Plan, Grant, award, or other acquisition
4 terms
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.
stock unit account financial
"Shares of common stock deferred into stock unit account"
2022 Long-Term Incentive Stock Plan financial
"pursuant to Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did HII director Stephanie O'Sullivan report?
Stephanie L. O'Sullivan reported receiving 123 shares of Huntington Ingalls Industries common stock equivalents as an equity award. The grant was classified as a non-derivative acquisition and structured as a deferred stock unit award under the company’s 2022 Long-Term Incentive Stock Plan.
At what price was Stephanie O'Sullivan’s HII stock award measured?
The 123-share award to Stephanie L. O'Sullivan was measured at $393.32 per share. This reference price reflects the value used for the grant of common stock equivalents deferred into a stock unit account, rather than an open-market trade price from a purchase or sale transaction.
Was Stephanie O'Sullivan’s HII transaction a market purchase or sale?
The transaction was not a market purchase or sale. It is classified as a grant or award acquisition of 123 common stock equivalents, made in an exempt transaction under Rule 16b-3 and deferred into a stock unit account, rather than executed through open-market trading.
Under which plan was Stephanie O'Sullivan’s HII stock unit award granted?
The 123-share stock unit award to Stephanie L. O'Sullivan was granted under the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan. The award was deferred into a stock unit account and treated as an exempt insider transaction pursuant to Rule 16b-3.
What does Rule 16b-3 mean for this HII insider stock award?
Rule 16b-3 treatment means Stephanie L. O'Sullivan’s 123-share award qualifies as an exempt transaction for insider reporting purposes. It covers grants and awards under approved compensation plans, distinguishing them from ordinary market trades in Huntington Ingalls Industries common stock.