Huntington Ingalls (NYSE: HII) exec awarded dividend stock rights
Rhea-AI Filing Summary
Green Edgar A III reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries executive Edgar A. Green III received additional restricted stock rights tied to the company’s dividend. On this Form 4, he was granted 10.835 Restricted Stock Rights as dividend equivalents on existing awards under the 2022 Long-Term Incentive Stock Plan.
Each Restricted Stock Right represents a contingent right to receive an equal number of Huntington Ingalls common shares, or cash, or a mix of both, at the Compensation Committee’s discretion. Following this grant, Green holds a total of 3,274.852 Restricted Stock Rights, reflecting routine compensation-linked accrual rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 10.835 | $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"). 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.
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