Dividend-equivalent stock rights granted to HII (NYSE: HII) CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries reported that Director, President & CEO Christopher D. Kastner acquired 61.382 Restricted Stock Rights on March 13, 2026. These rights are dividend equivalents credited under the 2022 Long-Term Incentive Stock Plan following the company’s quarterly cash dividend.
Each Restricted Stock Right represents a contingent right to receive an equivalent number of common shares, cash, or a mix of both, at the Compensation Committee’s discretion. Following this grant, Kastner holds a total of 18,551.921 Restricted Stock Rights, highlighting a routine, compensation-related increase in his equity-based holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kastner Christopher D
Role
Director, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 61.382 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 18,551.921 shares (Direct)
Footnotes (1)
- Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Company common stock, or, at the discretion of the Company's Compensation Committee, cash or a combination of cash and Company common stock. The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP"). The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend. Pursuant to the LTISP, the number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs 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 CEO Christopher Kastner report on this Form 4?
HII CEO Christopher D. Kastner reported acquiring 61.382 Restricted Stock Rights on March 13, 2026. These awards are dividend-equivalent rights tied to existing Restricted Stock Rights and were issued under the company’s 2022 Long-Term Incentive Stock Plan as part of routine compensation.
How many Restricted Stock Rights does HII CEO Christopher Kastner hold after this transaction?
After the March 13, 2026 grant, Christopher D. Kastner holds 18,551.921 Restricted Stock Rights. This figure reflects his total derivative equity awards of this type reported in the filing, representing a continuing alignment of his compensation with Huntington Ingalls Industries common stock performance.
What does each Restricted Stock Right reported by HII represent for Christopher Kastner?
Each Restricted Stock Right represents a contingent right to receive one share of Huntington Ingalls Industries common stock, or cash, or a combination. The company’s Compensation Committee decides the form of settlement, making these rights a flexible, stock-linked component of Kastner’s long-term compensation package.
How were the 61.382 Restricted Stock Rights for HII’s CEO calculated?
The 61.382 Restricted Stock Rights represent dividend equivalent rights on existing awards. They are calculated by dividing the total cash dividend paid on Kastner’s Restricted Stock Rights by the closing price of Huntington Ingalls Industries common stock on the dividend payment date, as provided under the long-term incentive plan.
Are the new HII Restricted Stock Rights an open-market purchase or a compensation grant?
The 61.382 Restricted Stock Rights are a compensation-related grant, not an open-market purchase. They were credited as dividend equivalent rights under Huntington Ingalls Industries’ 2022 Long-Term Incentive Stock Plan following payment of the company’s quarterly cash dividend to shareholders.