HII executive granted 10.260 restricted stock rights
Hughes Edmond E. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hughes Edmond E. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries executive Edmond E. Hughes Jr., Executive Vice President and Chief Human Resources Officer, received a grant of 10.260 Restricted Stock Rights (RSRs) on company common stock. These RSRs represent dividend equivalent rights credited after payment of the company’s quarterly cash dividend and were granted under the 2022 Long-Term Incentive Stock Plan. Each RSR is a contingent right to receive an equivalent number of common shares, cash, or a combination, at the compensation committee’s discretion, and will vest in three equal annual installments. Following this grant, Hughes holds a total of 2,223.429 RSRs directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 10.26 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Key Terms
Restricted Stock Rights financial
dividend equivalent rights financial
2022 Long-Term Incentive Stock Plan financial
quarterly cash dividend financial
contingent right financial
FAQ
What insider transaction did HII executive Edmond E. Hughes Jr. report on this Form 4?
How many Restricted Stock Rights does HII’s Edmond E. Hughes Jr. hold after this transaction?
What does each Restricted Stock Right granted to HII’s Edmond E. Hughes Jr. represent?
How do dividend equivalent rights work for HII’s Restricted Stock Rights on this Form 4?
What is the vesting schedule for the HII Restricted Stock Rights reported by Edmond E. Hughes Jr.?
Under which plan were the HII Restricted Stock Rights for Edmond E. Hughes Jr. granted?
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