HII executive granted 15.182 dividend RSR units
Huntington Ingalls Industries executive Kara R. Wilkinson reported an acquisition of derivative compensation units tied to company common stock.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 15.182 | $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
Compensation Committee financial
FAQ
What insider transaction did HII executive Kara R. Wilkinson report on this Form 4?
What is a Restricted Stock Right (RSR) in the context of HII’s compensation plans?
How do dividend equivalent rights work for HII Restricted Stock Rights?
How many Restricted Stock Rights does Kara R. Wilkinson hold after this HII Form 4 transaction?
When do HII’s Restricted Stock Rights granted under the 2022 LTISP vest?
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