HII HR chief exercises stock, withholds for taxes
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 306.778 | $0.00 | $0.00 |
| Exercise | Common Stock | 306.778 | $443.00 | $136K |
| Exercise Price or Tax Liability | Common Stock | 138.357 | $443.00 | $61K |
| holding | SEP | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Shares withheld by issuer for the payment of withholding taxes on restricted stock rights ("RSRs") that vested on 2/26/26.
- F2. 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.
- F3. 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?
How many Huntington Ingalls Industries (HII) Restricted Stock Rights were exercised?
How are the HII Restricted Stock Rights described in this Form 4 filing?
What is the role of the HII Stock Fund and 401(k) in Hughes’s holdings?
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