Huntington Ingalls (HII) officer exercises stock rights and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
414.933 shares exercised/converted
Mixed
3 txns
Insider
Boudreaux Chad N.
Role
Ex VP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 414.933 | $0.00 | -- |
| Exercise | Common Stock | 414.933 | $443.00 | $184K |
| Tax Withholding | Common Stock | 187.135 | $443.00 | $83K |
Holdings After Transaction:
Restricted Stock Rights — 3,548.932 shares (Direct);
Common Stock — 24,947.165 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 officer Chad Boudreaux report on this Form 4?
Chad N. Boudreaux reported exercising 414.933 Restricted Stock Rights into the same number of Huntington Ingalls common shares, with 187.135 of those shares subsequently withheld by the company to satisfy tax obligations related to the vesting, all on February 26, 2026.
Were the HII Form 4 transactions by Chad Boudreaux open-market stock purchases or sales?
No, the reported HII transactions were not open-market trades. They reflect an exercise of Restricted Stock Rights and an automatic tax-withholding disposition, where 187.135 shares were withheld by the issuer to cover taxes on vested awards, rather than discretionary buying or selling.
What are Restricted Stock Rights (RSRs) in the context of HII’s long-term incentive plan?
At Huntington Ingalls, each Restricted Stock Right represents a contingent right to receive one common share, cash, or a mix. These RSRs were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal annual installments starting on February 26, 2024.