Huntington Ingalls (HII) EVP reports restricted stock vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Eric D. Chewning reported equity award activity involving restricted stock rights and common shares. On 2/26/26, he exercised 306.778 Restricted Stock Rights, receiving an equivalent 306.778 shares of common stock at a stated price of $443 per share. After this conversion, he held 3,787.845 common shares directly. On the same date, 138.357 common shares were withheld by the company at $443 per share to cover withholding taxes on vested restricted stock rights, leaving him with 3,649.488 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
306.778 shares exercised/converted
Mixed
3 txns
Insider
Chewning Eric D.
Role
EVP, Maritime Sys & Corp STR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 306.778 | $0.00 | -- |
| Exercise | Common Stock | 306.778 | $443.00 | $136K |
| Tax Withholding | Common Stock | 138.357 | $443.00 | $61K |
Holdings After Transaction:
Restricted Stock Rights — 2,205.847 shares (Direct);
Common Stock — 3,787.845 shares (Direct)
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on restricted stock rights ("RSRs") that vested on 2/26/26. 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") on 2/26/24 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
FAQ
What insider transactions did HII executive Eric Chewning report on this Form 4?
Eric D. Chewning reported the vesting and exercise of 306.778 Restricted Stock Rights into 306.778 shares of Huntington Ingalls Industries common stock, plus a related tax-withholding share disposition, all dated 2/26/26 and held as direct ownership.
How do HII Restricted Stock Rights work in Eric Chewning’s award?
Each Restricted Stock Right represents a contingent right to receive one share of Huntington Ingalls common stock, or cash or a combination, under the 2022 Long-Term Incentive Stock Plan. The award granted on 2/26/24 vests in three equal annual installments.
Are Eric Chewning’s HII transactions open-market buys or equity award events?
The reported transactions are equity award events, not open-market purchases. They reflect the exercise of Restricted Stock Rights and company share withholding for taxes in connection with vested long-term incentive awards granted under the 2022 plan.