Huntington Ingalls (HII) Director Receives 25.128 Dividend‑Equivalent SUAs
Rhea-AI Filing Summary
Tracy B. McKibben, a director of Huntington Ingalls Industries, Inc. (HII), reported a non‑derivative acquisition on 09/12/2025. The Form 4 shows 25.128 director stock units (SUA) were acquired at a reported price of $0 as dividend equivalents under the company’s 2012 and 2022 Long‑Term Incentive Stock Plans. Following the credited dividend equivalents, the filing reports 5,138.57 SUAs beneficially owned by the reporting person. The filing explains SUAs convert to one share each and dividend equivalents are calculated by dividing the cash dividend on SUAs by the closing stock price on the dividend payment date.
Positive
- Director received dividend equivalents credited to existing SUAs, preserving equity compensation value without cash outlay
- Clear disclosure of plan mechanics: SUAs convert to one share and dividend equivalents are calculated using the closing price on dividend date
Negative
- None.
Insights
TL;DR Director received small dividend‑equivalent credit to existing director units; routine non‑cash compensation event.
The filing documents a routine corporate governance practice: non‑employee directors holding SUA awards receive dividend equivalents credited as additional SUAs. The amount reported (25.128 SUAs) is immaterial relative to total outstanding equity and reflects standard plan terms rather than a change in oversight or strategy. This is a common mechanism to preserve economic parity for equity‑based compensation during cash dividend periods.
TL;DR Transaction reflects plan mechanics of dividend equivalents; no cash payment and no exercised options.
The entry shows dividend equivalents credited to SUAs under the 2012 and 2022 LTISPs and a $0 reported price for the acquisition, consistent with equitable crediting rather than a market purchase. The filing also states each SUA equals one share payable after service ends, clarifying timing of settlement. This is a standard, non‑dilutive compensation accounting occurrence from the company perspective.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 25.128 | $0.00 | $0.00 |
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.
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