Huntington Ingalls (HII) director Welch gains dividend-linked stock units
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
WELCH JOHN K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 25.335 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (SUA) — 7,657.605 shares (Direct);
Common Stock — 2,545 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HII director John K. Welch report on this Form 4?
John K. Welch reported acquiring 25.335 director stock units (SUAs) of Huntington Ingalls Industries common stock at no purchase price. The award reflects dividend-equivalent credits under the company’s long-term incentive stock plans, rather than an open-market share purchase.
How do SUAs work for Huntington Ingalls Industries (HII) directors?
Each SUA represents a right to receive one share of Huntington Ingalls Industries common stock. Dividend equivalents are credited on SUAs after quarterly cash dividends, and the resulting shares generally become payable within 30 days after a non-employee director leaves the board.
What are John K. Welch’s HII holdings after the reported Form 4 transactions?
After the reported activity, John K. Welch directly holds 7,657.605 SUAs and 2,545 shares of Huntington Ingalls Industries common stock. The SUAs convert into shares when he ceases board service, providing deferred, stock-linked compensation.
What plans govern the SUAs reported by HII director John K. Welch?
The SUAs and related dividend-equivalent credits are governed by Huntington Ingalls Industries’ 2012 and 2022 Long-Term Incentive Stock Plans. These plans provide stock-based compensation to non-employee directors through stock units that track the company’s common stock and dividends.