HII legal chief granted 16.5 dividend RSRs
Huntington Ingalls Industries executive Chad N. Boudreaux reported a small equity compensation-related acquisition.
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Chad N. Boudreaux reported a small equity compensation-related acquisition. He received 16.507 Restricted Stock Rights (RSRs) linked to Company common stock as a grant, which represents dividend equivalent rights credited after a quarterly cash dividend.
Each RSR is a contingent right to receive an equivalent number of shares of common stock, cash, or a combination, at the Compensation Committee’s discretion. These RSRs were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal annual installments. Following this transaction, Boudreaux directly holds 3,577.220 RSRs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 16.507 | $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
Compensation Committee financial
FAQ
What insider transaction did HII executive Chad N. Boudreaux report on this Form 4?
How many Restricted Stock Rights does HII’s Chad N. Boudreaux hold after this transaction?
What does each Restricted Stock Right reported by HII’s Chad N. Boudreaux represent?
Why did Chad N. Boudreaux of HII receive 16.507 additional Restricted Stock Rights?
How do the Restricted Stock Rights for HII’s Chad N. Boudreaux vest over time?
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