HII (NYSE: HII) HR chief exercises restricted stock, withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Edmond E. Hughes Jr., Ex VP & Chief HR Officer, exercised 306.778 Restricted Stock Rights that converted into the same number of common shares on February 26, 2026. The converted shares are priced at $443.0000 per share and were granted under the 2022 Long-Term Incentive Stock Plan.
To cover withholding taxes on the vested awards, 138.357 common shares were withheld by the issuer, classified as a tax-withholding disposition. After these transactions, Hughes directly holds 11,891.135 common shares and 2,205.847 Restricted Stock Rights, plus indirect holdings of 37.050 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
306.778 shares exercised/converted
Mixed
5 txns
Insider
Hughes Edmond E. Jr.
Role
Ex VP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 306.778 | $0.00 | -- |
| Exercise | Common Stock | 306.778 | $443.00 | $136K |
| Tax Withholding | Common Stock | 138.357 | $443.00 | $61K |
| holding | SEP | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Rights — 2,205.847 shares (Direct);
Common Stock — 12,029.492 shares (Direct);
SEP — 2.22 shares (Direct);
Common Stock — 37.05 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on restricted stock rights ("RSRs") that vested on 2/26/26. 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") on 2/26/24 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date. The reporting person's interest in the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan (the "Plan") is held in the form of units of interest. The Plan's administrator calculates the number of shares of issuer common stock represented by units in the HII Stock Fund.
FAQ
What did HII executive Edmond E. Hughes Jr. report on this Form 4 for HII?
Edmond E. Hughes Jr. reported exercising 306.778 Restricted Stock Rights, which converted into the same number of HII common shares at $443.0000 per share. He also reported shares withheld to satisfy tax obligations tied to these vested equity awards.
How many Huntington Ingalls Industries (HII) Restricted Stock Rights were exercised?
The filing shows the exercise of 306.778 Restricted Stock Rights, converting into an equal number of HII common shares. These rights were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal installments on each anniversary of the February 26, 2024 grant date.
How are the HII Restricted Stock Rights described in this Form 4 filing?
Each Restricted Stock Right (RSR) represents a contingent right to receive one HII common share, or cash, or a combination. The filing states they were granted under the 2022 Long-Term Incentive Stock Plan on February 26, 2024 and vest ratably over three years.
What is the role of the HII Stock Fund and 401(k) in Hughes’s holdings?
The filing notes Hughes’s interest in the HII Stock Fund of a savings excess plan is held as units, with the plan administrator calculating underlying HII shares. He also indirectly holds 37.050 common shares through a 401(k) plan listed as indirect ownership.