Huntington Ingalls (NYSE: HII) VP reports RSR vesting and tax withholding
Rhea-AI Filing Summary
Huntington Ingalls Industries corporate vice president Nicolas G. Schuck reported equity award activity involving restricted stock rights and common shares. On February 24, 2026, he exercised 271.852 Restricted Stock Rights, converting them into an equivalent number of shares of common stock at a stated price of $0.0000 per share. To cover withholding taxes on the vested awards, 136.852 shares of common stock were withheld by the issuer at a price of $447.73 per share, as described in the footnotes. After these transactions, Schuck directly held 2,553.451 shares of common stock and an interest in the HII Stock Fund under the Savings Excess Plan representing 1,216.400 shares of issuer common stock calculated by the plan administrator. The Restricted Stock Rights were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 271.852 | $0.00 | -- |
| Exercise | Common Stock | 271.852 | $0.00 | -- |
| Tax Withholding | Common Stock | 136.852 | $447.73 | $61K |
| holding | SEP | -- | -- | -- |
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on Restricted Stock Rights ("RSRs") that vested on February 24, 2026. Each 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") on 2/24/25 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date. The reporting person's interest in the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan (the "Plan") is held in the form of units of interest. The Plan's administrator calculates the number of shares of issuer common stock represented by units in the HII Stock Fund.
