Huntington Ingalls (NYSE: HII) exec adds 15.182 dividend-linked Restricted Stock Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Kara R. Wilkinson reported an acquisition of derivative compensation units tied to company common stock. She received 15.182 Restricted Stock Rights (RSRs), increasing her directly held RSR balance to 3,290.034.
Each RSR represents a contingent right to receive an equivalent number of Huntington Ingalls common shares, or cash, or a combination, at the discretion of the company’s Compensation Committee. These RSRs were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal annual installments on the first, second, and third anniversaries of the grant date.
The 15.182 additional RSRs represent dividend equivalent rights that are credited when the company pays its quarterly cash dividend. The number of dividend equivalent rights is calculated by dividing the total dividend paid on Wilkinson’s existing RSRs by the closing price of Huntington Ingalls common stock on the dividend payment date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wilkinson Kara R.
Role
Ex. VP and President, NNS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 15.182 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 3,290.034 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") and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date. 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
Restricted Stock Rights granted: 15.182 RSRs
Total RSRs after transaction: 3,290.034 RSRs
Vesting schedule: Three equal installments
3 metrics
Restricted Stock Rights granted
15.182 RSRs
Dividend equivalent rights credited on RSRs
Total RSRs after transaction
3,290.034 RSRs
Direct holdings following acquisition
Vesting schedule
Three equal installments
On first, second, and third anniversaries of grant date
Key Terms
Restricted Stock Rights, dividend equivalent rights, 2022 Long-Term Incentive Stock Plan, quarterly cash dividend, +1 more
5 terms
Restricted Stock Rights financial
"Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares"
Restricted stock rights are ownership claims in company shares that come with limits on when or how they can be sold or transferred, often tied to time-based or performance conditions. For investors, these rights matter because they affect when insiders truly own or can monetize shares — influencing future share supply, executive incentives, and potential stock price pressure much like a savings account that only becomes withdrawable after meeting set conditions.
dividend equivalent rights financial
"The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2022 Long-Term Incentive Stock Plan financial
"The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP")"
quarterly cash dividend financial
"dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
Compensation Committee financial
"at the discretion of the Company's Compensation Committee, cash or a combination of cash and Company common stock"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What insider transaction did HII executive Kara R. Wilkinson report on this Form 4?
Kara R. Wilkinson reported receiving 15.182 Restricted Stock Rights (RSRs) tied to Huntington Ingalls common stock. These were credited as dividend equivalent rights under the company’s 2022 Long-Term Incentive Stock Plan, increasing her directly held RSR balance to 3,290.034 units.
What is a Restricted Stock Right (RSR) in the context of HII’s compensation plans?
A Restricted Stock Right at HII is a contingent right to receive an equivalent number of company common shares, or cash, or a combination. The Compensation Committee decides the settlement form, and RSRs granted under the 2022 Long-Term Incentive Stock Plan vest in three equal annual installments.
How do dividend equivalent rights work for HII Restricted Stock Rights?
Dividend equivalent rights on HII RSRs are credited after the company pays its quarterly cash dividend. The number credited equals the total dividend paid on the holder’s RSRs divided by the closing price of HII common stock on the dividend payment date, expressed as additional RSRs.
How many Restricted Stock Rights does Kara R. Wilkinson hold after this HII Form 4 transaction?
After this transaction, Kara R. Wilkinson holds 3,290.034 Restricted Stock Rights directly. The reported 15.182 units reflect additional dividend equivalent rights credited under HII’s 2022 Long-Term Incentive Stock Plan, on top of her previously existing RSR balance.
When do HII’s Restricted Stock Rights granted under the 2022 LTISP vest?
HII’s Restricted Stock Rights granted under the 2022 Long-Term Incentive Stock Plan vest ratably in three equal installments. Vesting occurs on each of the first, second, and third anniversaries of the grant date, subject to the plan’s terms and conditions.