Huntington Ingalls (NYSE: HII) HR chief receives 10.260 restricted stock rights
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hughes Edmond E. Jr.
Role
Ex VP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 10.26 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 2,223.429 shares (Direct)
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.
Key Figures
Restricted Stock Rights granted: 10.260 RSRs
RSR holdings after transaction: 2,223.429 RSRs
Vesting schedule: 3 equal annual installments
+2 more
5 metrics
Restricted Stock Rights granted
10.260 RSRs
Dividend equivalent rights credited on grant date
RSR holdings after transaction
2,223.429 RSRs
Total RSRs directly held after acquisition
Vesting schedule
3 equal annual installments
First, second, and third anniversaries of grant date
Dividend equivalent calculation basis
Aggregate dividend ÷ closing price
Dividend on total RSRs / closing stock price at payment date
Exercise/Conversion price
$0.0000 per RSR
Reported conversion or exercise price for the RSRs
Key Terms
Restricted Stock Rights, dividend equivalent rights, 2022 Long-Term Incentive Stock Plan, quarterly cash dividend, +1 more
5 terms
Restricted Stock Rights financial
"Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares..."
Restricted stock rights are ownership claims in company shares that come with limits on when or how they can be sold or transferred, often tied to time-based or performance conditions. For investors, these rights matter because they affect when insiders truly own or can monetize shares — influencing future share supply, executive incentives, and potential stock price pressure much like a savings account that only becomes withdrawable after meeting set conditions.
dividend equivalent rights financial
"The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment..."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2022 Long-Term Incentive Stock Plan financial
"The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP") and vest ratably..."
quarterly cash dividend financial
"credited following payment of the Company's quarterly cash dividend."
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
contingent right financial
"Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HII executive Edmond E. Hughes Jr. report on this Form 4?
Hughes Jr. reported acquiring 10.260 Restricted Stock Rights (RSRs) linked to Huntington Ingalls Industries common stock. The grant reflects dividend equivalent rights credited after the company’s quarterly cash dividend under the 2022 Long-Term Incentive Stock Plan.
How many Restricted Stock Rights does HII’s Edmond E. Hughes Jr. hold after this transaction?
After this transaction, Hughes Jr. holds 2,223.429 Restricted Stock Rights directly. This total includes the newly acquired 10.260 RSRs, representing a contingent claim on an equivalent number of HII common shares, cash, or a combination, subject to plan terms.
What does each Restricted Stock Right granted to HII’s Edmond E. Hughes Jr. represent?
Each RSR represents a contingent right to receive an equivalent number of Huntington Ingalls Industries common shares, or cash, or a mix of both. The company’s Compensation Committee determines the form of settlement under the 2022 Long-Term Incentive Stock Plan.
How do dividend equivalent rights work for HII’s Restricted Stock Rights on this Form 4?
Dividend equivalent rights are credited after the company pays its quarterly cash dividend. The number of rights is calculated by dividing total dividends on the reporting person’s RSRs by the closing price of HII common stock on the dividend payment date.
What is the vesting schedule for the HII Restricted Stock Rights reported by Edmond E. Hughes Jr.?
The RSRs vest ratably in three equal installments on each of the first, second, and third anniversaries of the grant date. This three-year schedule spreads the vesting of the award to encourage longer-term alignment with Huntington Ingalls Industries.
Under which plan were the HII Restricted Stock Rights for Edmond E. Hughes Jr. granted?
The RSRs were granted under HII’s 2022 Long-Term Incentive Stock Plan. This plan provides equity-based awards such as Restricted Stock Rights to align executive compensation with shareholder interests over a multi-year period through vesting and performance.