Huntington Ingalls (NYSE: HII) director awarded dividend-equivalent SUAs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Collins Augustus L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 35.462 | $0.00 | -- |
Holdings After Transaction:
Common Stock (SUA) — 10,718.561 shares (Direct)
Footnotes (1)
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FAQ
What did Augustus L. Collins report in this Huntington Ingalls (HII) Form 4?
Augustus L. Collins reported acquiring 35.462 director stock units (SUAs) in Huntington Ingalls Industries. These units were credited as dividend equivalents, increasing his direct holdings to 10,718.561 SUAs, and represent additional stock-based compensation rather than an open-market purchase.
How many Huntington Ingalls (HII) stock units does Collins hold after this transaction?
After the reported transaction, Collins directly holds 10,718.561 director stock units (SUAs) in Huntington Ingalls Industries. Each SUA corresponds to one share of common stock, generally delivered after he ceases service as a non-employee member of the board of directors.
What is a director stock unit (SUA) at Huntington Ingalls (HII)?
A director stock unit, or SUA, is a right to receive one share of Huntington Ingalls common stock. For non-employee directors, these units are generally settled in shares within 30 days after board service ends, functioning as deferred stock-based compensation.
How were the new Huntington Ingalls (HII) SUAs for Collins calculated?
The new SUAs were credited as dividend equivalents under Huntington Ingalls’ 2012 and 2022 Long-Term Incentive Stock Plans. They are calculated by dividing the total cash dividend paid on all SUAs Collins holds by the closing price of the company’s common stock on the dividend payment date.