Huntington Ingalls director granted 18 SUAs
McKibben Tracy B reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
McKibben Tracy B reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries director Tracy B. McKibben received 18.070 director stock units (SUAs) as a grant under the company’s long-term incentive plans. The award reflects dividend equivalents credited on existing SUAs rather than an open-market purchase or sale, at a stated price of $0.00 per unit.
After this grant, McKibben directly holds a total of 5,461.939 SUAs. Each SUA represents the right to receive one share of common stock, generally payable within 30 days after the non-employee director ceases serving on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 18.07 shares
Grant/Award
1 txn
Insider
McKibben Tracy B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 18.07 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock (SUA) — 5,461.939 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 did Tracy B. McKibben report in the latest HII Form 4 filing?
Tracy B. McKibben reported receiving 18.070 director stock units (SUAs). These units were granted as dividend equivalents under Huntington Ingalls’ long-term incentive stock plans, increasing her directly held SUAs to a total of 5,461.939.
Is the HII Form 4 transaction a stock purchase or sale by the director?
The transaction is a grant, not an open-market purchase or sale. McKibben received 18.070 SUAs at a stated price of $0.00 per unit as dividend equivalents credited on existing awards, under the company’s long-term incentive stock plans.
How many Huntington Ingalls SUAs does Tracy B. McKibben hold after this grant?
Following the grant, McKibben holds 5,461.939 SUAs directly. This total reflects the addition of 18.070 director stock units credited as dividend equivalents, each representing the right to receive one share of Huntington Ingalls common stock in the future.
What are SUAs in the context of Huntington Ingalls (HII) director compensation?
SUAs are director stock units representing rights to receive common shares. Under Huntington Ingalls’ long-term incentive stock plans, each SUA equals one share of common stock, generally payable within 30 days after a non-employee director leaves the board.
How are the 18.070 SUAs for Tracy B. McKibben calculated at Huntington Ingalls?
The 18.070 SUAs result from dividend equivalents on existing SUAs. The plans credit dividend equivalents by dividing the total cash dividend on all SUAs held by the director by the common stock closing price on the dividend payment date.
When will Tracy B. McKibben’s Huntington Ingalls SUAs generally be paid out?
The SUAs generally become payable after McKibben leaves the board. Each SUA represents one share of common stock, typically delivered within 30 days after a non-employee director ceases providing services as a member of Huntington Ingalls’ board of directors.
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