HII CEO granted 86 dividend-linked stock rights
Huntington Ingalls Industries Director, President & CEO Christopher D. Kastner reported an acquisition of 86.003 Restricted Stock Rights (RSRs) tied to company common stock.
Rhea-AI Filing Summary
Huntington Ingalls Industries Director, President & CEO Christopher D. Kastner reported an acquisition of 86.003 Restricted Stock Rights (RSRs) tied to company common stock. These RSRs represent dividend equivalent rights credited after payment of the company’s quarterly cash dividend.
Each RSR corresponds to a contingent right to receive an equivalent number of HII common shares or, at the compensation committee’s discretion, cash or a mix of cash and shares. Following this grant, Kastner holds a reported total of 18,637.924 RSRs directly, which continue to vest under the company’s 2022 Long-Term Incentive Stock Plan.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 86.003 | $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") and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
- 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.
Key Figures
Key Terms
Restricted Stock Rights financial
dividend equivalent rights financial
2022 Long-Term Incentive Stock Plan financial
quarterly cash dividend financial
FAQ
What insider transaction did HII CEO Christopher Kastner report on this Form 4?
How many Restricted Stock Rights does HII’s CEO hold after this transaction?
What are Restricted Stock Rights in the context of HII (HII) compensation?
Why did HII’s CEO receive 86.003 additional Restricted Stock Rights?
Does this HII Form 4 reflect an open-market stock purchase or sale?
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