HII director awarded 0.849 dividend stock units
Huntington Ingalls Industries director Nick L. Stanage reported a small stock unit award tied to dividends, not an open-market trade.
Rhea-AI Filing Summary
Huntington Ingalls Industries director Nick L. Stanage reported a small stock unit award tied to dividends, not an open-market trade. On this Form 4, he acquired 0.849 director stock units (SUAs) under the company’s long‑term incentive stock plans as dividend equivalents.
Each SUA represents the right to receive one share of common stock, generally payable after he ceases board service. Following this credit, he directly holds 256.465 SUAs and 3,639 shares of common stock, reflecting routine, compensation-related accruals rather than discretionary buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 0.849 shares
Grant/Award
2 txns
Insider
Stanage Nick L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 0.849 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (SUA) — 256.465 shares (Direct);
Common Stock — 3,639 shares (Direct)
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.
FAQ
What insider transaction did Nick L. Stanage report for HII on this Form 4?
Nick L. Stanage reported acquiring 0.849 director stock units (SUAs) in Huntington Ingalls Industries. These units were credited as dividend equivalents under the company’s long-term incentive stock plans, rather than through an open-market purchase or sale of common shares.
How many Huntington Ingalls (HII) stock units does Nick L. Stanage hold after this filing?
After this filing, Nick L. Stanage directly holds 256.465 director stock units (SUAs) in Huntington Ingalls Industries. These SUAs each represent the right to receive one share of common stock, generally payable after he stops serving as a non-employee director on the board.
What are SUAs in the Huntington Ingalls (HII) long-term incentive plans reported by Nick L. Stanage?
SUAs are director stock units granted under Huntington Ingalls’ 2012 and 2022 Long-Term Incentive Stock Plans. Each SUA represents a right to receive one share of common stock, generally payable within 30 days after a non-employee director leaves board service, aligning compensation with shareholder value.
How are dividend equivalents calculated on SUAs for Huntington Ingalls (HII) directors?
Dividend equivalents on SUAs are calculated by dividing the total cash dividend paid on all SUAs held by a director by the closing common stock price on the dividend payment date. This process determines the additional SUAs credited as dividend equivalents under the long-term incentive stock plans.
Does the HII Form 4 show open-market buying or selling by Nick L. Stanage?
The Form 4 does not show open-market buying or selling by Nick L. Stanage. It reports a grant-type acquisition of 0.849 SUAs as dividend equivalents and updates his direct holdings in SUAs and common stock, reflecting routine compensation-related accruals rather than discretionary trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
