Huntington Ingalls (HII) adds dividend-based Restricted Stock Rights
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boudreaux Chad N.
Role
Ex VP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 11.781 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 3,560.713 shares (Direct)
Footnotes (1)
- 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"). 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
What insider equity change did HII report for Chad N. Boudreaux?
Chad N. Boudreaux received 11.781 Restricted Stock Rights as additional compensation. These rights were credited as dividend equivalents tied to Huntington Ingalls’ quarterly cash dividend, increasing his total Restricted Stock Rights holdings to 3,560.713 units.
How many Restricted Stock Rights does Chad N. Boudreaux now hold at HII?
After the latest grant, Chad N. Boudreaux holds 3,560.713 Restricted Stock Rights in total. The new 11.781 units come from dividend equivalent rights credited under Huntington Ingalls’ 2022 Long-Term Incentive Stock Plan following a quarterly cash dividend.
What does each Restricted Stock Right represent for HII executives?
Each Restricted Stock Right represents a contingent right to receive one share of Huntington Ingalls common stock, or cash, or a mix of both. The company’s Compensation Committee decides the final form of payment under the 2022 Long-Term Incentive Stock Plan.
How were the new HII dividend equivalent rights for Boudreaux calculated?
The dividend equivalent rights were calculated by dividing the total dividend paid on Boudreaux’s existing Restricted Stock Rights by the closing price of Huntington Ingalls common stock on the dividend payment date, as specified in the 2022 Long-Term Incentive Stock Plan.
Is Chad N. Boudreaux’s new HII grant a market purchase or sale?
The new 11.781 Restricted Stock Rights are a grant, not a market trade. They arise from dividend equivalent rights credited automatically under Huntington Ingalls’ long-term incentive plan when the company pays its regular quarterly cash dividend.