Huntington Ingalls director granted 50.262 SUAs
Collins Augustus L reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Collins Augustus L reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries director Augustus L. Collins received a grant of 50.262 director stock units (SUAs) on common stock as dividend equivalents under the company’s 2012 and 2022 Long-Term Incentive Stock Plans. Each SUA represents one share of common stock, and Collins now holds 10,891.823 SUAs directly.
Insider Trade Summary
Grant/Award: 50.262 shares
Grant/Award
1 txn
Insider
Collins Augustus L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 50.262 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock (SUA) — 10,891.823 shares (Direct)
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.
Key Figures
SUAs granted: 50.262 units
Holdings after transaction: 10,891.823 units
Grant price per unit: $0.0000 per unit
+2 more
5 metrics
SUAs granted
50.262 units
Director stock units credited as dividend equivalents
Holdings after transaction
10,891.823 units
Total SUAs held directly by Augustus L. Collins after grant
Grant price per unit
$0.0000 per unit
Awarded under long-term incentive plans, not purchased on market
Transaction type
Code A (grant/award acquisition)
Non-derivative acquisition of common stock SUAs
Exercise/derivative positions
0 derivatives listed
No remaining derivative positions reported in derivativeSummary
Key Terms
Long-Term Incentive Stock Plan, dividend equivalents, director stock unit, SUA, +1 more
5 terms
Long-Term Incentive Stock Plan financial
"Pursuant to the Huntington Ingalls Industries, Inc. 2012 and 2022 Long-Term Incentive Stock Plan (together, the "LTISPs"), dividend equivalents are credited..."
A long-term incentive stock plan is a company program that pays key employees and executives with company shares or stock-based awards that become theirs only after meeting performance goals or staying with the company for several years. Think of it as a delayed bonus paid in stock that ties pay to future results; investors watch these plans because they influence executive behavior, can dilute existing shares, and affect reported costs and long-term shareholder value.
dividend equivalents financial
"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."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
director stock unit financial
"dividend equivalents are credited on each director stock unit ("SUA") held by the Reporting Person..."
SUA financial
"Each SUA represents a right to receive one share of Company common stock..."
non-employee director financial
"which will generally become payable within 30 days following the date a non-employee director ceases to provide services..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HII director Augustus L. Collins report on this Form 4?
HII director Augustus L. Collins reported acquiring 50.262 director stock units (SUAs) of Huntington Ingalls Industries common stock. The acquisition reflects dividend equivalents credited under the company’s long-term incentive stock plans rather than an open-market share purchase.
How many Huntington Ingalls Industries SUAs does Collins hold after this transaction?
After the transaction, Augustus L. Collins holds 10,891.823 SUAs directly. These director stock units each represent a right to receive one share of Huntington Ingalls Industries common stock when he ceases serving as a non-employee director.
What does the transaction code A mean in the HII Form 4 for Collins?
The transaction code A on the HII Form 4 indicates a grant, award, or other acquisition of securities. In this case, Collins received 50.262 SUAs as dividend equivalents, not through an open-market purchase or sale of Huntington Ingalls Industries shares.
How were the 50.262 SUAs for HII director Collins calculated?
The 50.262 SUAs were calculated as dividend equivalents by dividing the aggregate cash dividend paid on all SUAs Collins already held by the closing price of Huntington Ingalls Industries common stock on the dividend payment date, as described under the company’s long-term incentive plans.
When will Collins’s Huntington Ingalls SUAs generally become payable?
Each SUA will generally become payable within 30 days after Collins ceases to serve as a non-employee director. At that time, each SUA converts into one share of Huntington Ingalls Industries common stock, according to the long-term incentive stock plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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