Huntington Ingalls (NYSE: HII) executive settles equity awards with share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Nicolas G. Schuck reported equity award activity involving restricted stock rights and common shares. On February 26, 2026, he exercised 152.872 Restricted Stock Rights at $0.0000 per right, receiving the same number of common shares at a value of $443.0000 per share.
On the same date, 68.946 common shares were disposed of under a tax-withholding transaction at $443.0000 per share, as shares were withheld by the issuer to cover taxes on vesting. After these transactions, he directly held 3,949.783 common shares and 1,025.629 Restricted Stock Rights, plus an interest equivalent to 1,216.4000 shares in a savings excess plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
152.872 shares exercised/converted
Mixed
4 txns
Insider
Schuck Nicolas G
Role
Corp VP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 152.872 | $0.00 | -- |
| Exercise | Common Stock | 152.872 | $443.00 | $68K |
| Tax Withholding | Common Stock | 68.946 | $443.00 | $31K |
| holding | SEP | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Rights — 1,025.629 shares (Direct);
Common Stock — 4,018.729 shares (Direct);
SEP — 1,216.4 shares (Direct)
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on restricted stock rights ("RSRs") that vested on 2/26/26. 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. 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 executive Nicolas Schuck report on this Form 4?
Nicolas Schuck reported exercising 152.872 Restricted Stock Rights into common shares and a related tax-withholding share disposition of 68.946 shares at $443.0000 each. These transactions reflect vesting and settlement of long-term incentives rather than an open-market stock purchase or sale.
Did Nicolas Schuck buy or sell Huntington Ingalls (HII) stock on the open market?
The Form 4 does not show open-market trades. It shows an exercise of 152.872 Restricted Stock Rights and a tax-withholding disposition of 68.946 shares, where shares were withheld by the issuer to pay taxes on vested awards, not sold in a discretionary market transaction.
What are Restricted Stock Rights (RSRs) in the HII long-term incentive plan?
Each Restricted Stock Right represents a contingent right to receive one share of HII common stock, or cash or a mix of both, at the Compensation Committee’s discretion. These RSRs were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal annual installments.
What is the HII Stock Fund interest reported for Nicolas Schuck?
Nicolas Schuck’s interest in the HII Stock Fund within the Savings Excess Plan is held as units of interest. The plan administrator calculates how many shares of Huntington Ingalls common stock these units represent; the filing shows this interest equivalent to 1,216.4000 shares after the reported date.