HII executive granted 15.182 restricted stock rights
Green Edgar A III reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Green Edgar A III reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries executive Edgar A. Green III received a grant of 15.182 Restricted Stock Rights as dividend equivalent rights tied to existing awards. Each right represents a contingent claim on one share of common stock or cash, vesting in three annual installments. Following this compensation-related award, his Restricted Stock Rights holdings total 3,290.034.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 15.182 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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") and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
- F2. The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend. Pursuant to the LTISP, the number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs held by the reporting person by the closing price of a share of Company common stock on the dividend payment date.
Key Figures
Key Terms
Restricted Stock Rights financial
dividend equivalent rights financial
2022 Long-Term Incentive Stock Plan financial
quarterly cash dividend financial
FAQ
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What insider transaction did HII executive Edgar A. Green III report?
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