Huntington Ingalls grants small dividend stock rights
Huntington Ingalls Industries reported a small compensation-related change for Ex VP & Chief Legal Officer Chad N. Boudreaux.
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Rhea-AI Filing Summary
Huntington Ingalls Industries reported a small compensation-related change for Ex VP & Chief Legal Officer Chad N. Boudreaux. He acquired 11.781 Restricted Stock Rights, which are contingent rights to receive the same number of common shares or, at the company’s discretion, cash or a combination of both.
The award reflects dividend equivalent rights under the 2022 Long-Term Incentive Stock Plan, credited after payment of the company’s quarterly cash dividend. Following this grant, Boudreaux holds a total of 3,560.713 Restricted Stock Rights.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 11.781 | $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").
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity change did HII report for Chad N. Boudreaux?
How many Restricted Stock Rights does Chad N. Boudreaux now hold at HII?
What does each Restricted Stock Right represent for HII executives?
How were the new HII dividend equivalent rights for Boudreaux calculated?
Is Chad N. Boudreaux’s new HII grant a market purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.