HII officer receives small dividend stock rights grant
Schuck Nicolas G reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 4.771 | $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
closing price financial
FAQ
What insider transaction did HII officer Nicolas Schuck report on this Form 4?
What are Restricted Stock Rights (RSRs) in the context of HII’s Form 4 filing?
How were the 4.771 dividend equivalent rights for HII’s Nicolas Schuck calculated?
How many Restricted Stock Rights does HII officer Nicolas Schuck hold after this transaction?
How do HII’s Restricted Stock Rights vest for executives like Nicolas Schuck?
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