HII director awarded additional stock units
Huntington Ingalls Industries director John K. Welch increased his equity-based holdings through a stock unit award tied to dividends.
Rhea-AI Filing Summary
Huntington Ingalls Industries director John K. Welch increased his equity-based holdings through a stock unit award tied to dividends. He acquired 25.335 director stock units (SUAs) of common stock at no purchase price under the company’s long-term incentive stock plans. Each SUA represents a right to receive one share of common stock, generally payable within 30 days after he ceases serving on the board. Following this grant, he directly holds 7,657.605 SUAs and 2,545 shares of common stock, reflecting a routine, compensation-related increase rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 25.335 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Pursuant to the Huntington Ingalls Industries, Inc. 2012 and 2022 Long-Term Incentive Stock Plan (together, the "LTISPs"), dividend equivalents are credited on each director stock unit ("SUA") held by the Reporting Person following the payment of the Company's quarterly cash dividend. Each SUA represents a right to receive one share of Company common stock, which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors. The number of dividend equivalents acquired by the Reporting Person under the LTISPs is calculated by dividing the aggregate amount of the dividend paid on the total number of SUAs 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 director John K. Welch report on this Form 4?
How do SUAs work for Huntington Ingalls Industries (HII) directors?
What are John K. Welch’s HII holdings after the reported Form 4 transactions?
What plans govern the SUAs reported by HII director John K. Welch?
AI-generated analysis. How Rhea-AI works. Not financial advice.