Huntington Ingalls (HII) director receives 174 stock units as incentive award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McKibben Tracy B reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries director Tracy B. McKibben received a grant of 174 common stock units valued at $278.97 per share. These shares were deferred into a stock unit account under the company’s 2022 Long-Term Incentive Stock Plan in an exempt transaction under Rule 16b-3.
Following this award, McKibben directly holds 5,784.832 shares of Huntington Ingalls Industries common stock. The transaction reflects routine equity-based director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKibben Tracy B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 174 | $278.97 | $49K |
Holdings After Transaction:
Common Stock (SUA) — 5,784.832 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 174 shares
Grant price: $278.97 per share
Post-transaction holdings: 5,784.832 shares
+1 more
4 metrics
Stock units granted
174 shares
Common Stock (SUA) grant to director Tracy B. McKibben
Grant price
$278.97 per share
Valuation used for the stock unit award
Post-transaction holdings
5,784.832 shares
Direct ownership after the grant
Transaction code
A
Grant, award, or other acquisition (non-derivative common stock)
Key Terms
Rule 16b-3, 2022 Long-Term Incentive Stock Plan, Common Stock (SUA), stock unit account
4 terms
Rule 16b-3 regulatory
"in an exempt transaction pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
2022 Long-Term Incentive Stock Plan financial
"pursuant to Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan"
Common Stock (SUA) financial
"security_title": "Common Stock (SUA)""
stock unit account financial
"Shares of common stock deferred into stock unit account"
FAQ
What did Huntington Ingalls (HII) director Tracy McKibben report on this Form 4?
Tracy McKibben reported receiving 174 common stock units of Huntington Ingalls Industries as an equity award. The units were granted under the 2022 Long-Term Incentive Stock Plan and deferred into a stock unit account, reflecting routine non-cash director compensation rather than a market trade.
Was the HII insider transaction a stock purchase or sale in the open market?
The transaction was not an open-market buy or sell. It was an acquisition coded “A,” representing a grant or award of 174 stock units under the company’s long-term incentive plan, treated as exempt under Rule 16b-3, with no market trade involved.
Under which plan was the HII director’s stock unit grant made?
The stock unit grant was made under the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan. The Form 4 notes that the shares were deferred into a stock unit account and that the transaction is exempt from short-swing profit rules under SEC Rule 16b-3.