Huntington Ingalls director granted 35 SUAs
Huntington Ingalls Industries director Augustus L. Collins received additional stock-based compensation through dividend equivalents.
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Rhea-AI Filing Summary
Huntington Ingalls Industries director Augustus L. Collins received additional stock-based compensation through dividend equivalents. On this Form 4, he acquired 35.462 director stock units (SUAs) at a stated price of $0.0000 per unit, increasing his direct holdings to 10,718.561 SUAs.
Each SUA represents the right to receive one share of Huntington Ingalls Industries common stock, generally payable within 30 days after a non-employee director leaves the board. The new SUAs reflect dividend equivalents credited under the company’s 2012 and 2022 Long-Term Incentive Stock Plans when the company pays its quarterly cash dividend.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 35.462 | $0.00 | $0.00 |
Footnotes (1)
- F1. Pursuant to the Huntington Ingalls Industries, Inc. 2012 and 2022 Long-Term Incentive Stock Plan (together, the "LTISPs"), dividend equivalents are credited on each director stock unit ("SUA") held by the Reporting Person following the payment of the Company's quarterly cash dividend. Each SUA represents a right to receive one share of Company common stock, which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors. The number of dividend equivalents acquired by the Reporting Person under the LTISPs is calculated by dividing the aggregate amount of the dividend paid on the total number of SUAs 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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