Huntington Ingalls (NYSE: HII) director granted 123 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries director Leo P. Denault received a grant of 123 common stock units valued at $393.32 per unit. The award was made as a deferred stock unit grant under the company’s 2022 Long-Term Incentive Stock Plan in an exempt transaction under Rule 16b-3. Following this compensation-related acquisition, Denault directly holds 4,404.344 shares of Huntington Ingalls Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DENAULT LEO P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 123 | $393.32 | $48K |
Holdings After Transaction:
Common Stock (SUA) — 4,404.344 shares (Direct)
Footnotes (1)
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Key Figures
Stock units granted: 123 shares
Grant reference price: $393.32 per share
Shares held after transaction: 4,404.344 shares
3 metrics
Stock units granted
123 shares
Deferred stock unit award to director Leo P. Denault
Grant reference price
$393.32 per share
Value used for the deferred stock unit grant
Shares held after transaction
4,404.344 shares
Denault’s direct common stock holdings following the award
Key Terms
Rule 16b-3, stock unit account, 2022 Long-Term Incentive Stock Plan, deferred stock units
4 terms
Rule 16b-3 regulatory
"in an exempt transaction pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
stock unit account financial
"Shares of common stock deferred into stock unit account"
2022 Long-Term Incentive Stock Plan financial
"pursuant to Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan"
deferred stock units financial
"Shares of common stock deferred into stock unit account pursuant to"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
FAQ
What insider transaction did HII director Leo Denault report on this Form 4?
Leo P. Denault reported receiving 123 shares of Huntington Ingalls Industries common stock as a deferred stock unit grant. The award was issued under the 2022 Long-Term Incentive Stock Plan as part of director compensation, rather than through an open-market purchase.
At what price were the Huntington Ingalls (HII) stock units granted to Leo Denault?
The stock unit grant to Leo P. Denault was valued at $393.32 per share of Huntington Ingalls Industries common stock. This price reflects the reference value used for the deferred stock units awarded under the company’s 2022 Long-Term Incentive Stock Plan.
Was Leo Denault’s HII stock grant an open-market purchase or a compensation award?
The transaction was a compensation award, not an open-market purchase. Leo P. Denault received 123 deferred stock units under Huntington Ingalls Industries’ 2022 Long-Term Incentive Stock Plan, in an exempt transaction classified as a grant or award under Rule 16b-3.
What plan governed the HII stock unit award reported by Leo Denault?
The award was made under the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan. The shares were deferred into a stock unit account in a transaction that qualifies as exempt under Rule 16b-3, reflecting standard equity-based director compensation.
Is Leo Denault’s HII Form 4 transaction considered exempt under SEC rules?
Yes. The filing notes that the shares of Huntington Ingalls Industries common stock were deferred into a stock unit account in an exempt transaction under Rule 16b-3. This rule covers certain board and employee compensation-related equity awards approved under qualifying plans.