Huntington Ingalls (HII) director receives 50.645 SUAs as dividend equivalents
Rhea-AI Filing Summary
Collins Augustus L, a director of Huntington Ingalls Industries, Inc. (HII), reported an acquisition on 09/12/2025 of 50.645 director stock units (SUAs) credited as dividend equivalents under the companys 2012 and 2022 Long-Term Incentive Stock Plans. Each SUA converts to one share when a non-employee director leaves service; the dividend equivalents were credited at $0 per unit and increase the reporting persons beneficial holdings to 10,355.775 SUAs/shares equivalent. The filing explains the calculation method for dividend equivalents based on the cash dividend divided by the closing stock price on the dividend payment date.
Positive
- Director compensation is equity-linked, with 50.645 SUAs added as dividend equivalents, which aligns the directors interests with shareholders
- The SUAs are payable in shares upon cessation of service, supporting long-term retention and alignment
Negative
- None.
Insights
TL;DR: This Form 4 reports a small non-cash grant of director units tied to dividends, with no cash proceeds or option exercise.
The reported transaction is an administrative accrual of 50.645 SUAs credited as dividend equivalents under the LTISPs, rather than an open-market purchase or sale. The units are payable in shares upon cessation of director service, so there is no immediate equity dilution or cash impact. The filing provides the mechanics for how the dividend equivalents are converted to SUAs using the dividend amount divided by the closing price on the dividend date.
TL;DR: Routine director compensation disclosure that aligns board members with shareholder interests via equity-linked units.
This Form 4 documents a routine, formulaic crediting of SUAs as dividend equivalents under established LTISPs, increasing the directors long-term equity stake to 10,355.775 SUAs. The units vest/payable upon termination of board service, reinforcing long-term alignment. No unusual governance actions, option repricing, or accelerated vesting events are disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 50.645 | $0.00 | $0.00 |
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.
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