[Form 4] HUNTINGTON INGALLS INDUSTRIES, INC. Insider Trading Activity
Huntington Ingalls Industries executive Eric D. Chewning received a small grant of restricted stock rights tied to the company’s dividend.
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Eric D. Chewning received a small grant of restricted stock rights tied to the company’s dividend. He acquired 7.322 Restricted Stock Rights, each representing a contingent right to receive an equivalent number of Huntington Ingalls common shares or, at the compensation committee’s discretion, cash or a combination of both. These rights were granted under the company’s 2022 Long-Term Incentive Stock Plan as dividend equivalent rights credited after payment of the quarterly cash dividend. Following this grant, Chewning directly holds a total of 2,213.169 Restricted Stock Rights, reflecting routine, compensation-related equity accrual rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 7.322 | $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.
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