Huntington Ingalls CFO gets dividend stock rights
Stiehle Thomas E. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Stiehle Thomas E. reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries executive vice president and CFO Thomas E. Stiehle reported a compensation-related stock transaction. He received 13.141 Restricted Stock Rights as dividend-equivalent credits tied to the company’s quarterly cash dividend, under the 2022 Long-Term Incentive Stock Plan. Following this grant, his reported Restricted Stock Rights balance is 3,971.797, each representing a contingent right to receive an equivalent number of common shares, cash, or a mix of both at the Compensation Committee’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 13.141 | $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").
- 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.
FAQ
What insider transaction did HII CFO Thomas E. Stiehle report on this Form 4?
How many Restricted Stock Rights does the HII CFO hold after this transaction?
What are Restricted Stock Rights in the context of Huntington Ingalls Industries (HII)?
Why did HII grant 13.141 dividend-equivalent Restricted Stock Rights to its CFO?
Is the HII CFO’s Form 4 transaction an open-market purchase or sale of stock?
Under which compensation plan were the new HII Restricted Stock Rights granted?
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