HII CEO exercises 2,344 restricted stock rights
Huntington Ingalls Industries Director, President & CEO Christopher D. Kastner exercised 2,344.001 Restricted Stock Rights on February 26, 2026, converting them into the same number of common shares at $443.00 per share.
Rhea-AI Filing Summary
Huntington Ingalls Industries Director, President & CEO Christopher D. Kastner exercised 2,344.001 Restricted Stock Rights on February 26, 2026, converting them into the same number of common shares at $443.00 per share. These rights were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal annual installments from February 26, 2024.
To cover withholding taxes on the vested award, 1,057.145 common shares were withheld by the company, classified as a tax-withholding disposition rather than an open-market sale. After these transactions, Kastner directly held 24,293.951 common shares. Indirect holdings included 100.55 shares through a 401(k) plan and 67,479.087 shares held in the Kastner Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 2,344.001 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,344.001 | $443.00 | $1.04M |
| Exercise Price or Tax Liability | Common Stock | 1,057.145 | $443.00 | $468K |
| holding | SEP | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Shares withheld by issuer for the payment of withholding taxes on restricted stock rights ("RSRs") that vested on 2/26/26.
- F2. Each Restricted Stock Right ("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 2/26/24 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
- F3. 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.
FAQ
What insider transactions did HII CEO Christopher Kastner report on February 26, 2026?
What are Restricted Stock Rights in the HII CEO’s Form 4 filing?
How were the HII Restricted Stock Rights granted to the CEO structured?
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