Huntington Ingalls director awarded 12.893 stock units
Huntington Ingalls Industries director Stephanie L. O'Sullivan acquired additional stock-based compensation through dividend equivalents.
Rhea-AI Filing Summary
Huntington Ingalls Industries director Stephanie L. O'Sullivan acquired additional stock-based compensation through dividend equivalents. She received 12.893 director stock units (SUAs) at no cash cost under the company’s 2012 and 2022 Long-Term Incentive Stock Plans, bringing her directly held SUAs to 3,897.065. Each SUA represents a right to receive one share of common stock, generally payable within 30 days after she ceases service as a non-employee director.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 12.893 shares
Grant/Award
1 txn
Insider
O'Sullivan Stephanie L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 12.893 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock (SUA) — 3,897.065 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 insider transaction did HII director Stephanie O'Sullivan report on this Form 4?
Stephanie L. O'Sullivan reported acquiring 12.893 director stock units in Huntington Ingalls Industries. These units were credited as dividend equivalents under the company’s long-term incentive stock plans and increased her directly held stock units to 3,897.065, with no open-market purchase or sale involved.
How do SUAs work for Huntington Ingalls Industries (HII) directors?
Each SUA for Huntington Ingalls Industries represents a right to receive one share of common stock. For non-employee directors, these units generally settle in shares within 30 days after the director stops serving on the board, aligning compensation with long-term shareholder interests over their tenure.
Why did Stephanie O'Sullivan receive 12.893 SUAs from HII?
She received 12.893 SUAs as dividend equivalents under Huntington Ingalls Industries’ 2012 and 2022 Long-Term Incentive Stock Plans. The number is calculated by dividing total dividends on her existing SUAs by the stock’s closing price on the dividend payment date, automatically crediting additional units.
What is Stephanie O'Sullivan’s total HII stock unit position after this transaction?
Following the transaction, Stephanie L. O'Sullivan directly holds 3,897.065 director stock units in Huntington Ingalls Industries. Each unit corresponds to one share of common stock to be delivered in the future, generally after she ceases serving as a non-employee member of the company’s board.
Does this HII Form 4 reflect an open-market stock purchase or sale?
No, this Form 4 does not reflect an open-market trade. It reports a grant-type acquisition of 12.893 stock units as dividend equivalents under Huntington Ingalls Industries’ long-term incentive plans, with no price paid and no shares sold into the market in this transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.