HII (NYSE: HII) CEO granted stock; shares withheld to cover taxes
Rhea-AI Filing Summary
Huntington Ingalls Industries Director, President & CEO Christopher D. Kastner reported equity compensation awards and related tax withholding transactions in company stock.
He was granted 5,854 Restricted Stock Rights at a stated price of $0.0000 per right and 32,638 shares of common stock at $435.5800 per share as a grant, award, or other acquisition. Footnotes state these include shares issued upon settlement of restricted performance stock rights for a performance period that ended on 12/31/2025 and new restricted stock rights under the 2022 Long-Term Incentive Stock Plan that vest in three equal annual installments after the 2/25/26 grant date.
To cover withholding taxes on these awards, 14,719.738 shares of common stock were disposed of at $435.5800 per share through a tax-withholding transaction. Following these updates, the filing also reports direct holdings in a savings excess plan "HII Stock Fund" and indirect common stock holdings via a 401(k) plan and the Kastner Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 5,854 | $0.00 | -- |
| Grant/Award | Common Stock | 32,638 | $435.58 | $14.22M |
| Tax Withholding | Common Stock | 14,719.738 | $435.58 | $6.41M |
| holding | SEP | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares issued upon settlement of restricted performance stock rights ("RPSRs") for the performance period that ended on 12/31/2025. Shares withheld by issuer for payment of withholding taxes on RPSRs. 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") on 2/25/26 and vest ratably in three equal installments upon each of the first, second, and third anniversaries of the grant date. The reporting person's interest in the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan (the "Plan") is held in the form of units of interest. The Plan's administrator calculates the number of shares of issuer common stock represented by units in the HII Stock Fund.