Huntington Ingalls (NYSE: HII) HR chief exercises awards, covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Edmond E. Hughes Jr., Executive Vice President and Chief Human Resources Officer, exercised restricted stock rights and had shares withheld for taxes. On February 24, 2026, he converted 605.021 restricted stock rights into an equal number of common shares at no exercise price, increasing his directly held common stock to 9,336.038 shares before tax withholding. To cover withholding taxes on the vested restricted stock rights, 272.119 common shares were withheld by the company at a value of $447.73 per share, leaving him with 9,063.919 directly held common shares. He also holds small additional interests through a savings excess plan and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
605.021 shares exercised/converted
Mixed
5 txns
Insider
Hughes Edmond E. Jr.
Role
Ex VP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 605.021 | $0.00 | -- |
| Exercise | Common Stock | 605.021 | $0.00 | -- |
| Tax Withholding | Common Stock | 272.119 | $447.73 | $122K |
| holding | SEP | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Rights — 1,824.625 shares (Direct);
Common Stock — 9,336.038 shares (Direct);
SEP — 2.22 shares (Direct);
Common Stock — 37.05 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on Restricted Stock Rights ("RSRs") that vested on February 24, 2026. Each 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") on 2/24/25 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date. The reporting person's interest in the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan (the "Plan") is held in the form of units of interest. The Plan's administrator calculates the number of shares of issuer common stock represented by units in the HII Stock Fund.
FAQ
What insider transactions did HII executive Edmond E. Hughes Jr. report?
Edmond E. Hughes Jr. reported the exercise of 605.021 restricted stock rights into common shares and a related tax-withholding disposition of 272.119 shares. These actions reflect routine equity compensation vesting and associated tax payments rather than open-market purchases or sales.
What is Hughes’s HII common stock ownership after these transactions?
After the February 24, 2026 transactions, Hughes directly owned 9,063.919 HII common shares. He also had small additional indirect interests, including 37.05 shares through a 401(k) plan and 2.22 units tied to the HII Stock Fund in a savings excess plan.
How do HII restricted stock rights work under the 2022 Long-Term Incentive Stock Plan?
Each restricted stock right represents a contingent right to receive one HII common share, cash, or a combination, at the Compensation Committee’s discretion. The grant mentioned was issued February 24, 2025 and vests in three equal annual installments on each of the first three anniversaries.