HII CFO gets 18.413 dividend-equivalent RSRs
Stiehle Thomas E. reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 18.413 | $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
FAQ
What did HII CFO Thomas E. Stiehle report in this Form 4 transaction?
Are Thomas E. Stiehle’s new HII awards an open-market stock purchase or sale?
What are Restricted Stock Rights (RSRs) in Huntington Ingalls Industries’ compensation plan?
How do dividend equivalent rights work on HII Restricted Stock Rights for Thomas E. Stiehle?
How do the newly credited RSRs for HII’s CFO vest over time?
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