Huntington Ingalls (HII) CLO exercises awards, withholds shares for tax
Rhea-AI Filing Summary
Huntington Ingalls Industries executive vice president and chief legal officer Chad N. Boudreaux reported equity award activity involving restricted stock rights and common stock. On February 24, 2026, he exercised 998.489 restricted stock rights at $0.00 per right, receiving an equivalent number of common shares. Following this, his directly held common stock position increased to 21,439.815 shares before a tax-related adjustment.
On the same date, 459.613 common shares at a price of $447.73 per share were withheld by the company to cover withholding taxes on the vested restricted stock rights, reducing his directly held common stock to 20,980.202 shares. The footnotes explain that each restricted stock right represents a contingent right to receive common stock or cash under the company’s 2022 Long-Term Incentive Stock Plan and that these awards vest in three equal annual installments from the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 998.489 | $0.00 | -- |
| Exercise | Common Stock | 998.489 | $0.00 | -- |
| Tax Withholding | Common Stock | 459.613 | $447.73 | $206K |
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.
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