Huntington Ingalls officer exercises stock rights
Huntington Ingalls Industries executive Chad N. Boudreaux exercised restricted stock rights and had shares withheld for taxes.
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Rhea-AI Filing Summary
Huntington Ingalls Industries executive Chad N. Boudreaux exercised restricted stock rights and had shares withheld for taxes. On 2/26/26, 414.933 Restricted Stock Rights converted into the same number of common shares at an exercise price of $0. Of these, 187.135 common shares were automatically withheld by the company at $443 per share to cover tax obligations, a non-open-market, tax-withholding disposition. The remaining shares increased his directly held common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 414.933 | $0.00 | $0.00 |
| Exercise | Common Stock | 414.933 | $443.00 | $184K |
| Exercise Price or Tax Liability | Common Stock | 187.135 | $443.00 | $83K |
Footnotes (2)
- F1. Shares withheld by issuer for the payment of withholding taxes on restricted stock rights ("RSRs") that vested on 2/26/26,
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HII officer Chad Boudreaux report on this Form 4?
Were the HII Form 4 transactions by Chad Boudreaux open-market stock purchases or sales?
What are Restricted Stock Rights (RSRs) in the context of HII’s long-term incentive plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.