Huntington Ingalls (NYSE: HII) officer credited dividend-linked Restricted Stock Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schuck Nicolas G reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries corporate vice president and CAO Nicolas G. Schuck received an automatic dividend-related award of 4.771 Restricted Stock Rights (RSRs). Each RSR represents a contingent right to receive the same number of common shares, cash, or a mix of both, at the company’s discretion.
The dividend equivalent rights were credited under the 2022 Long-Term Incentive Stock Plan following a quarterly cash dividend and are calculated based on the dividend paid and the stock’s closing price on the dividend date. After this grant, Schuck directly holds a total of 1,033.805 RSRs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schuck Nicolas G
Role
Corp VP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 4.771 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Rights — 1,033.805 shares (Direct, null)
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: 4.771 RSRs
RSR holdings after transaction: 1,033.805 RSRs
Vesting schedule: 3 equal annual installments
3 metrics
Restricted Stock Rights granted
4.771 RSRs
Dividend equivalent rights credited on existing RSRs
RSR holdings after transaction
1,033.805 RSRs
Total Restricted Stock Rights directly held after award
Vesting schedule
3 equal annual installments
RSRs vest 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.
closing price financial
"calculated by dividing the aggregate amount of the dividend paid ... by the closing price of a share"
FAQ
What insider transaction did HII officer Nicolas Schuck report on this Form 4?
Huntington Ingalls Industries officer Nicolas G. Schuck reported receiving 4.771 Restricted Stock Rights as a dividend-related award. These rights were automatically credited as dividend equivalent rights linked to his existing RSR holdings under the company’s 2022 Long-Term Incentive Stock Plan.
What are Restricted Stock Rights (RSRs) in the context of HII’s Form 4 filing?
Restricted Stock Rights at HII represent a contingent right to receive the same number of common shares, cash, or a combination. They were granted under the 2022 Long-Term Incentive Stock Plan and vest in three equal installments on each of the first three anniversaries of the grant date.
How were the 4.771 dividend equivalent rights for HII’s Nicolas Schuck calculated?
The 4.771 dividend equivalent rights were calculated by dividing the total cash dividend paid on all RSRs held by Nicolas Schuck by the closing price of Huntington Ingalls Industries common stock on the dividend payment date, as specified in the long-term incentive stock plan.
How many Restricted Stock Rights does HII officer Nicolas Schuck hold after this transaction?
After this transaction, Nicolas G. Schuck directly holds a total of 1,033.805 Restricted Stock Rights. This total includes the newly credited 4.771 dividend equivalent rights in addition to his existing RSR balance reflected in the Form 4 insider report.
How do HII’s Restricted Stock Rights vest for executives like Nicolas Schuck?
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 original grant date, subject to the conditions of the incentive plan.