HII EVP awarded 10.26 dividend-linked stock rights
Huntington Ingalls Industries EVP Eric D. Chewning received 10.26 Restricted Stock Rights as a grant tied to dividend equivalents on his existing awards.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Huntington Ingalls Industries EVP Eric D. Chewning received 10.26 Restricted Stock Rights as a grant tied to dividend equivalents on his existing awards. Each right represents a contingent claim on an equal number of HII common shares or cash. Following this acquisition, he directly holds 2,223.429 Restricted Stock Rights, which vest in three annual installments under the company’s 2022 Long-Term Incentive Stock Plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 10.26 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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") and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
- F2. 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.
Key Figures
Key Terms
Restricted Stock Rights financial
dividend equivalent rights financial
2022 Long-Term Incentive Stock Plan financial
vest ratably in three equal installments financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HII executive Eric Chewning report on this Form 4?
What are Restricted Stock Rights in the context of Huntington Ingalls Industries (HII)?
Why did Eric Chewning receive 10.26 additional Restricted Stock Rights from HII?
How and when do Eric Chewning’s Huntington Ingalls RSRs vest?
How many Restricted Stock Rights does Eric Chewning hold after this HII transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.