HII executive granted dividend-equivalent stock rights
Huntington Ingalls Industries executive Brian D. Blanchette received a small compensation-related equity accrual through dividend equivalents on existing awards.
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Brian D. Blanchette received a small compensation-related equity accrual through dividend equivalents on existing awards. On the reported date, he acquired 9.779 Restricted Stock Rights, bringing his total Restricted Stock Rights holdings to 2,955.578, all held directly.
Each Restricted Stock Right represents a contingent right to receive an equivalent number of Huntington Ingalls common shares, cash, or a mix of both, at the discretion of the company’s compensation committee. The newly credited units reflect dividend equivalent rights under the 2022 Long-Term Incentive Stock Plan, tied to the company’s quarterly cash dividend rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 9.779 | $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").
- 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.
FAQ
What did HII executive Brian D. Blanchette report in this Form 4?
How many Restricted Stock Rights does Brian D. Blanchette hold after this HII transaction?
Are the HII Restricted Stock Rights in this filing open-market purchases or sales?
What does each Restricted Stock Right represent for HII executives?
Under which plan were Brian D. Blanchette’s HII dividend equivalent rights granted?
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