Huntington Ingalls (NYSE: HII) EVP granted 10.26 dividend-equivalent stock rights
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chewning Eric D.
Role
EVP, Maritime Sys & Corp STR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 10.26 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 2,223.429 shares (Direct, null)
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") and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date. 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
Restricted Stock Rights acquired: 10.26 RSRs
Total RSRs after transaction: 2,223.429 RSRs
RSR vesting schedule: 3 equal annual installments
3 metrics
Restricted Stock Rights acquired
10.26 RSRs
Dividend equivalent rights credited on RSRs as of dividend payment date
Total RSRs after transaction
2,223.429 RSRs
Direct holdings following June 12, 2026 acquisition
RSR vesting schedule
3 equal annual installments
First, second, and third anniversaries of original grant date
Key Terms
Restricted Stock Rights, dividend equivalent rights, 2022 Long-Term Incentive Stock Plan, vest ratably in three equal installments
4 terms
Restricted Stock Rights financial
"Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares"
Restricted stock rights are ownership claims in company shares that come with limits on when or how they can be sold or transferred, often tied to time-based or performance conditions. For investors, these rights matter because they affect when insiders truly own or can monetize shares — influencing future share supply, executive incentives, and potential stock price pressure much like a savings account that only becomes withdrawable after meeting set conditions.
dividend equivalent rights financial
"The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2022 Long-Term Incentive Stock Plan financial
"The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP")"
vest ratably in three equal installments financial
"and vest ratably in three equal installments upon each of the first, second and third anniversaries"
FAQ
What insider transaction did HII executive Eric Chewning report on this Form 4?
Eric D. Chewning reported acquiring 10.26 Restricted Stock Rights as a compensation-related award. These additional rights stem from dividend equivalents credited on his existing RSR holdings, increasing his total direct Restricted Stock Rights position to 2,223.429 after the transaction.
What are Restricted Stock Rights in the context of Huntington Ingalls Industries (HII)?
Each Restricted Stock Right represents a contingent right to receive one share of HII common stock, cash, or a mix of both. The company’s Compensation Committee decides the form of payment, and these awards are granted under the 2022 Long-Term Incentive Stock Plan.
Why did Eric Chewning receive 10.26 additional Restricted Stock Rights from HII?
The 10.26 additional Restricted Stock Rights represent dividend equivalent rights on existing RSRs. They are calculated by dividing total cash dividends paid on his RSRs by the closing price of HII common stock on the dividend payment date, then credited to his account.
How and when do Eric Chewning’s Huntington Ingalls RSRs vest?
The Restricted Stock Rights granted under HII’s 2022 Long-Term Incentive Stock Plan vest ratably in three equal installments. Vesting occurs on each of the first, second, and third anniversaries of the original grant date, subject to the plan’s terms and conditions.
How many Restricted Stock Rights does Eric Chewning hold after this HII transaction?
After receiving 10.26 additional Restricted Stock Rights, Eric Chewning holds 2,223.429 RSRs directly. This figure reflects his total derivative position in these awards following the latest credit of dividend equivalent rights tied to Huntington Ingalls’ quarterly cash dividend.