Huntington Ingalls director granted 8.645 stock units
Huntington Ingalls Industries director Craig S. Faller reported a routine stock unit acquisition tied to dividends.
Rhea-AI Filing Summary
Huntington Ingalls Industries director Craig S. Faller reported a routine stock unit acquisition tied to dividends. He received 8.645 director stock units (SUAs) of common stock at a stated price of $0.00 per unit under the company’s Long-Term Incentive Stock Plans. Following this grant, he directly holds 1,873.275 SUAs, each representing a future right to one share of common stock, generally payable after he ceases serving on the board.
Positive
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Negative
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Insights
Routine dividend-equivalent crediting to a director’s stock units.
This filing shows non-employee director Craig S. Faller receiving 8.645 additional director stock units as dividend equivalents under Huntington Ingalls’ long-term incentive stock plans. The units are compensation-related and carry no purchase price, so there is no open-market buying or selling.
Each SUA represents a right to receive one share of common stock, generally after the director leaves the board. After this grant, Faller holds 1,873.275 SUAs, indicating a modest equity-based stake. The event appears to be a standard, formula-driven feature of the dividend policy, not a discretionary trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 8.645 | $0.00 | $0.00 |
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.
Key Figures
Key Terms
Long-Term Incentive Stock Plan financial
dividend equivalents financial
director stock unit ("SUA") financial
non-employee director financial
closing price financial
FAQ
What did Huntington Ingalls (HII) director Craig S. Faller report on this Form 4?
How many Huntington Ingalls (HII) stock units does Craig S. Faller hold after this transaction?
What are SUAs in the Huntington Ingalls (HII) long-term incentive plans?
How are the 8.645 Huntington Ingalls (HII) SUAs credited to Craig S. Faller calculated?
Does this Huntington Ingalls (HII) Form 4 show any stock sales by Craig S. Faller?
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