Huntington Ingalls director awarded additional SUAs
Stanage Nick L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Stanage Nick L reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries director Nick L. Stanage reported routine equity compensation changes. On the reported date, he received 1.189 director stock units (SUAs) as a grant under the company’s long-term incentive stock plans, reflecting dividend equivalents credited on existing SUAs.
Following this award, he directly holds 257.654 SUAs, each representing the right to receive one share of common stock, generally payable within 30 days after he ceases serving on the board. A separate line in the filing shows 3,762 shares of common stock held directly, with no reported buy or sell transactions.
Positive
- None.
Negative
- None.
Insights
Routine dividend-equivalent SUAs credited to a Huntington Ingalls director; no open-market trading reported.
The filing shows 1.189 director stock units (SUAs) credited to Nick L. Stanage under Huntington Ingalls’ 2012 and 2022 Long-Term Incentive Stock Plans. These units arise from dividend equivalents on existing SUAs rather than an open-market purchase.
Each SUA represents a right to receive one share of common stock, generally delivered after the director leaves the board. The filing also lists 3,762 common shares directly held, but does not show any buys or sells. Overall, this appears to be standard, non-cash equity compensation with neutral investment significance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 1.189 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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.
Key Figures
Key Terms
director stock unit ("SUA") financial
dividend equivalents financial
Long-Term Incentive Stock Plan financial
FAQ
What insider activity did Huntington Ingalls (HII) director Nick L. Stanage report?
How many Huntington Ingalls (HII) SUAs does Nick L. Stanage hold after this Form 4?
Did Nick L. Stanage buy or sell Huntington Ingalls (HII) stock in the market?
What are SUAs in the Huntington Ingalls (HII) long-term incentive plans?
How are dividend equivalents on Huntington Ingalls (HII) SUAs calculated?
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