Huntington Ingalls (HII) executive reports RSR vesting and tax-share withholding
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Brian D. Blanchette, Ex VP and President, Ingalls, reported equity compensation activity involving restricted stock rights and common stock. On February 24, 2026, he exercised 907.531 restricted stock rights, converting them into the same number of shares of common stock at a stated price of $0.00 per share, reflecting a derivative exercise rather than an open‑market purchase.
On the same date, 405.693 shares of common stock were disposed of at $447.73 per share to cover withholding taxes on the vested restricted stock rights, as described in the footnotes. Following these transactions, he held 1,716.681 shares of common stock directly and additional indirect holdings through a 401(k) plan and units in the company’s Savings Excess Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 907.531 | $0.00 | -- |
| Exercise | Common Stock | 907.531 | $0.00 | -- |
| Tax Withholding | Common Stock | 405.693 | $447.73 | $182K |
| holding | SEP | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on Restricted Stock Rights ("RSRs") that vested on February 24, 2026. Each 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 2/24/25 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.
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