Director at Huntington Ingalls (NYSE: HII) receives 174-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries director Thomas C. Schievelbein reported a compensation-related stock award. He acquired 174.0000 shares of Common Stock (SUA) at a reference price of $278.9700 per share, granted under the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan in an exempt transaction pursuant to Rule 16b-3.
These shares were deferred into a stock unit account rather than acquired in an open-market purchase. Following this grant, his directly held balance for this award line increased to 23,345.9420 stock units, and a separate holding line shows 7,967.3650 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SCHIEVELBEIN THOMAS C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 174 | $278.97 | $49K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (SUA) — 23,345.942 shares (Direct);
Common Stock — 7,967.365 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Stock award size: 174.0000 shares
Grant reference price: $278.9700 per share
Post-award SUA units: 23,345.9420 units
+1 more
4 metrics
Stock award size
174.0000 shares
Common Stock (SUA) grant to director
Grant reference price
$278.9700 per share
Common Stock (SUA) award valuation
Post-award SUA units
23,345.9420 units
Stock unit account balance after grant
Direct common shares
7,967.3650 shares
Separate common stock holding line
Key Terms
Rule 16b-3, 2022 Long-Term Incentive Stock Plan, stock unit account, Common Stock (SUA)
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.
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"
Common Stock (SUA) financial
"security_title: "Common Stock (SUA)""
FAQ
What insider transaction did HII director Thomas C. Schievelbein report?
Thomas C. Schievelbein reported receiving a grant of 174.0000 shares of Common Stock (SUA). The award was made under Huntington Ingalls Industries’ 2022 Long-Term Incentive Stock Plan as a compensation-related transaction exempt under Rule 16b-3, not as an open-market trade.
Was the HII insider transaction an open-market buy or a stock award?
The transaction was a stock award, not an open-market buy. Code “A” designates a grant or award acquisition, and the footnote explains the shares were deferred into a stock unit account under the 2022 Long-Term Incentive Stock Plan, exempt under Rule 16b-3.
What does Common Stock (SUA) mean in the HII Form 4?
Common Stock (SUA) represents common shares deferred into a stock unit account. The filing notes that these stock units were issued under Huntington Ingalls Industries’ 2022 Long-Term Incentive Stock Plan and deferred rather than settled as immediately tradable common stock.
Under which plan was the HII director stock grant reported, and what rule applies?
The stock grant was reported under the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan. The footnote states it occurred in an exempt transaction pursuant to Rule 16b-3, which governs certain insider compensation-related equity awards.