HII (NYSE: HII) CFO adds 18.413 dividend-equivalent restricted stock rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stiehle Thomas E. reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries Executive Vice President and CFO Thomas E. Stiehle received an automatic credit of 18.413 Restricted Stock Rights (RSRs) as dividend equivalents on his existing long-term incentives. Each RSR is a contingent right to the same number of HII common shares, cash, or a mix, under the 2022 Long-Term Incentive Stock Plan.
The dividend-equivalent RSRs vest in three equal annual installments on the first, second, and third anniversaries of the original grant date. Following this credit, Stiehle holds a total of 3,990.210 RSRs, reflecting routine, compensation-related accruals rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stiehle Thomas E.
Role
Ex. VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 18.413 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 3,990.21 shares (Direct, null)
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
Dividend-equivalent RSRs acquired: 18.413 RSRs
Total RSRs after transaction: 3,990.210 RSRs
RSR exercise price: $0.0000 per right
3 metrics
Dividend-equivalent RSRs acquired
18.413 RSRs
Automatic credit tied to quarterly cash dividend
Total RSRs after transaction
3,990.210 RSRs
CFO Thomas E. Stiehle’s Restricted Stock Rights position
RSR exercise price
$0.0000 per right
Contingent rights to HII common stock or cash
Key Terms
Restricted Stock Rights, dividend equivalent rights, 2022 Long-Term Incentive Stock Plan, quarterly cash dividend
4 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 of the Company's quarterly cash dividend."
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 in three equal installments"
quarterly cash dividend financial
"dividend equivalent rights on the RSRs, which are 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.
FAQ
What did HII CFO Thomas E. Stiehle report in this Form 4 transaction?
Thomas E. Stiehle reported receiving 18.413 Restricted Stock Rights as dividend equivalents. These awards increase his total RSR holdings to 3,990.210 and arise automatically from the company’s quarterly cash dividend under the 2022 Long-Term Incentive Stock Plan.
Are Thomas E. Stiehle’s new HII awards an open-market stock purchase or sale?
The reported activity is not an open-market trade. Stiehle received 18.413 dividend-equivalent Restricted Stock Rights automatically, tied to Huntington Ingalls Industries’ quarterly cash dividend, under the company’s long-term incentive plan rather than through buying or selling shares in the market.
What are Restricted Stock Rights (RSRs) in Huntington Ingalls Industries’ compensation plan?
Restricted Stock Rights are contingent rights to receive an equivalent number of HII common shares, cash, or a combination. They are granted under the 2022 Long-Term Incentive Stock Plan and typically vest over time, aligning executive compensation with long-term shareholder value and company performance.
How do dividend equivalent rights work on HII Restricted Stock Rights for Thomas E. Stiehle?
Dividend equivalent rights credit additional RSRs after Huntington Ingalls Industries pays its quarterly cash dividend. The number credited is calculated by dividing total dividend value on existing RSRs by the closing HII share price on the dividend payment date, creating 18.413 extra RSRs for Stiehle.
How do the newly credited RSRs for HII’s CFO vest over time?
The Restricted Stock Rights, including the dividend equivalents, vest ratably in three equal installments. Vesting occurs on the first, second, and third anniversaries of the original grant date, subject to the terms of Huntington Ingalls Industries’ 2022 Long-Term Incentive Stock Plan.