Huntington Ingalls director gets 20.419 SUAs
Huntington Ingalls Industries director Leo P. Denault reported an acquisition of 20.419 director stock units (SUAs) tied to Company common stock as a grant under the Long-Term Incentive Stock Plans.
Rhea-AI Filing Summary
Huntington Ingalls Industries director Leo P. Denault reported an acquisition of 20.419 director stock units (SUAs) tied to Company common stock as a grant under the Long-Term Incentive Stock Plans. Each SUA represents a right to receive one share, bringing his directly held SUAs to 4,424.763.
These additional SUAs reflect dividend equivalents credited after the Company’s quarterly cash dividend, calculated by dividing the aggregate dividend on existing SUAs by the closing share price on the dividend payment date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 20.419 | $0.00 | $0.00 |
Footnotes (1)
- F1. Pursuant to the Huntington Ingalls Industries, Inc. 2012 and 2022 Long-Term Incentive Stock Plan (together, the "LTISPs"), dividend equivalents are credited on each director stock unit ("SUA") held by the Reporting Person following the payment of the Company's quarterly cash dividend. Each SUA represents a right to receive one share of Company common stock, which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors. The number of dividend equivalents acquired by the Reporting Person under the LTISPs is calculated by dividing the aggregate amount of the dividend paid on the total number of SUAs 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
director stock unit ("SUA") financial
dividend equivalents financial
Long-Term Incentive Stock Plan financial
quarterly cash dividend financial
FAQ
What did Huntington Ingalls (HII) director Leo P. Denault report on this Form 4?
What is a director stock unit (SUA) at Huntington Ingalls (HII)?
How many SUAs does Leo P. Denault hold after this award at Huntington Ingalls (HII)?
How are dividend equivalents on SUAs calculated at Huntington Ingalls (HII)?
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