HII (NYSE: HII) CFO exercises restricted stock rights as shares withheld for tax
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Thomas E. Stiehle reported equity award activity involving restricted stock rights and common shares. On February 24, 2026, he exercised 1,089.446 Restricted Stock Rights, resulting in the acquisition of an equivalent number of common shares at a stated price of $0.0000 per share.
The common stock position from this conversion increased to 25,024.024 shares before tax withholding. On the same date, 500.842 common shares, valued at $447.73 per share, were withheld by the issuer to cover withholding taxes on Restricted Stock Rights that vested on that date, leaving him with 24,523.182 directly owned common shares.
The Restricted Stock Rights were granted under the 2022 Long-Term Incentive Stock Plan on February 24, 2025 and vest in three equal annual installments on each of the first, second, and third anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 1,089.446 | $0.00 | -- |
| Exercise | Common Stock | 1,089.446 | $0.00 | -- |
| Tax Withholding | Common Stock | 500.842 | $447.73 | $224K |
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on Restricted Stock Rights ("RSRs") that vested on February 24, 2026. Each 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 2/24/25 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.