Huntington Ingalls (NYSE: HII) EVP reports 10.213 new restricted stock rights
Rhea-AI Filing Summary
Huntington Ingalls Industries executive vice president for Maritime Systems & Corporate Strategy reported a small increase in equity-linked compensation. On 12/12/2025, the officer acquired 10.213 restricted stock rights as a dividend equivalent on previously granted awards at no cost, and now directly holds 2,429.646 such derivative securities.
Each restricted stock right, granted under the company’s 2022 Long-Term Incentive Stock Plan, represents a contingent right to receive an equivalent number of shares of common stock, cash, or a mix of both, as determined by the Compensation Committee. These awards vest in three equal annual installments, and dividend equivalent rights are credited after payment of the company’s quarterly cash dividend based on the dividend amount and the stock’s closing price on the payment date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 10.213 | $0.00 | -- |
Footnotes (1)
- 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") and vest ratably in three equal installments upon each of the first, second, and third anniversaries of the grant date. The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend. Pursuant to the LTISP, the number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs 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 Industries (HII) report on 12/12/2025?
An executive vice president of Huntington Ingalls Industries reported acquiring 10.213 restricted stock rights on 12/12/2025 as dividend equivalent rights on previously granted awards, at a price of $0 per right.
How many restricted stock rights does the HII executive own after this transaction?
Following the reported transaction, the Huntington Ingalls Industries executive directly beneficially owns 2,429.646 derivative securities in the form of restricted stock rights.
What do restricted stock rights represent in Huntington Ingalls Industries 2022 Long-Term Incentive Stock Plan?
Each restricted stock right (RSR) represents a contingent right to receive an equivalent number of shares of Huntington Ingalls common stock, or, at the Compensation Committees discretion, cash or a combination of cash and common stock.
How do restricted stock rights under HIIs 2022 Long-Term Incentive Stock Plan vest?
Restricted stock rights granted under the 2022 Long-Term Incentive Stock Plan vest ratably in three equal installments on each of the first, second, and third anniversaries of the grant date.
How are dividend equivalent rights on Huntington Ingalls restricted stock rights calculated?
The amount of dividend equivalent rights acquired is calculated by dividing the aggregate dividend paid on the total number of restricted stock rights held by the reporting person by the closing price of Huntington Ingalls common stock on the dividend payment date.
Did the Huntington Ingalls executive pay cash for the newly acquired restricted stock rights?
No. The newly acquired 10.213 restricted stock rights were credited as dividend equivalent rights at a reported price of $0 per right.