Dividend equivalent grant raises HII (NYSE: HII) executive RSR holdings
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Green Edgar A III
Role
Ex VP, Pres. HII Mission Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 15.182 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 3,290.034 shares (Direct)
Footnotes (1)
- 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. 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
Restricted Stock Rights granted: 15.182 RSRs
Total RSRs after transaction: 3,290.034 RSRs
Vesting schedule: 3 equal annual installments
+1 more
4 metrics
Restricted Stock Rights granted
15.182 RSRs
Dividend equivalent rights credited on cash dividend
Total RSRs after transaction
3,290.034 RSRs
Holdings following June 12, 2026 grant
Vesting schedule
3 equal annual installments
On first, second and third anniversaries of grant date
Exercise price
$0.0000 per right
Restricted Stock Rights granted at no cash exercise cost
Key Terms
Restricted Stock Rights, dividend equivalent rights, 2022 Long-Term Incentive Stock Plan, quarterly cash dividend
4 terms
Restricted Stock Rights financial
"Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares"
Restricted stock rights are ownership claims in company shares that come with limits on when or how they can be sold or transferred, often tied to time-based or performance conditions. For investors, these rights matter because they affect when insiders truly own or can monetize shares — influencing future share supply, executive incentives, and potential stock price pressure much like a savings account that only becomes withdrawable after meeting set conditions.
dividend equivalent rights financial
"The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2022 Long-Term Incentive Stock Plan financial
"The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP") and vest ratably"
quarterly cash dividend financial
"dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
FAQ
What insider transaction did HII executive Edgar A. Green III report?
Edgar A. Green III reported receiving 15.182 Restricted Stock Rights as a compensation-related award. These rights are dividend equivalents on existing grants and increase his total Restricted Stock Rights holdings to 3,290.034, rather than reflecting an open-market stock purchase or sale.
What are Restricted Stock Rights in the HII Form 4 filing?
The Restricted Stock Rights represent contingent rights to receive an equivalent number of Huntington Ingalls common shares, cash, or a mix of both. They were granted under the 2022 Long-Term Incentive Stock Plan and function as a form of equity-based compensation for the reporting executive.
How many Restricted Stock Rights does the HII executive hold after this grant?
After the latest grant of 15.182 Restricted Stock Rights, the executive’s total Restricted Stock Rights position is 3,290.034. This figure reflects accumulated awards under Huntington Ingalls’ equity compensation programs, including the newly credited dividend equivalent rights from the company’s cash dividend.
How do the dividend equivalent rights in HII’s filing work?
The dividend equivalent rights are calculated by dividing total cash dividends on the executive’s Restricted Stock Rights by the closing common stock price on the dividend payment date. This converts the cash dividend value into additional Restricted Stock Rights credited to the executive’s account.
When do the Restricted Stock Rights reported by HII vest?
The Restricted Stock Rights vest ratably in three equal installments on the first, second, and third anniversaries of the grant date. This three-year schedule under the 2022 Long-Term Incentive Stock Plan aligns the executive’s compensation with longer-term company performance and retention goals.