Huntington Ingalls director granted 5.762 stock units
Rhea-AI Filing Summary
Huntington Ingalls Industries director receives small stock unit accrual
Craig S. Faller, a director of Huntington Ingalls Industries, Inc., acquired 5.762 director stock units (SUAs) on common stock through a grant under the company’s long‑term incentive stock plans tied to dividend equivalents. Following this award, he holds a total of 1,741.630 SUAs directly.
Each SUA represents the right to receive one share of common stock, generally payable within 30 days after a non‑employee director leaves the board. This is a routine, compensation-related accrual rather than an open‑market share purchase.
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Insider Trade Summary
Grant/Award: 5.762 shares
Grant/Award
1 txn
Insider
Faller Craig S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 5.762 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock (SUA) — 1,741.63 shares (Direct)
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.
FAQ
What insider transaction did Huntington Ingalls (HII) report for Craig S. Faller?
Huntington Ingalls reported that director Craig S. Faller acquired 5.762 director stock units (SUAs). The units were granted as dividend equivalents under company long-term incentive stock plans, rather than purchased in the open market.
How many Huntington Ingalls (HII) stock units does Craig S. Faller now hold?
After the latest grant, Craig S. Faller holds 1,741.630 director stock units (SUAs). Each SUA represents a right to receive one share of Huntington Ingalls common stock when his board service as a non-employee director ends.
What is a director stock unit (SUA) at Huntington Ingalls (HII)?
A director stock unit (SUA) is a right to receive one share of Huntington Ingalls common stock. These units generally become payable within 30 days after a non-employee director ceases serving on the board of directors, aligning director interests with shareholders.
How were the new Huntington Ingalls (HII) SUAs for Craig S. Faller calculated?
The new SUAs came from dividend equivalents under long-term incentive stock plans. The number is calculated by dividing the cash dividend paid on all SUAs held by the director by the closing price of Huntington Ingalls common stock on the dividend payment date.
AI-generated analysis. How Rhea-AI works. Not financial advice.