Huntington Ingalls (HII) EVP exercises stock rights, shares withheld for tax
Rhea-AI Filing Summary
Huntington Ingalls Industries executive Eric D. Chewning reported equity award activity involving company stock. On February 24, 2026, he exercised 605.021 Restricted Stock Rights at $0.00 per share, converting them into an equal number of common shares and increasing his directly held common stock.
On the same date, 193.611 common shares were automatically withheld by the company at a price of $447.73 per share to cover withholding taxes on the vested Restricted Stock Rights, as described in the footnotes. After these transactions, he directly held 604.666 common shares and 1,824.625 Restricted Stock Rights under the long-term incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
605.021 shares exercised/converted
Mixed
3 txns
Insider
Chewning Eric D.
Role
EVP, Maritime Sys & Corp STR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 605.021 | $0.00 | -- |
| Exercise | Common Stock | 605.021 | $0.00 | -- |
| Tax Withholding | Common Stock | 193.611 | $447.73 | $87K |
Holdings After Transaction:
Restricted Stock Rights — 1,824.625 shares (Direct);
Common Stock — 798.277 shares (Direct)
Footnotes (1)
- Shares withheld by issuer for the payment of withholding taxes on Restricted Stock Rights ("RSRs") that vested on February 24, 2026. Each 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 2/24/25 and vest ratably in three equal installments upon each of the first, second, and third anniversaries of the grant date.
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FAQ
What insider transactions did HII executive Eric D. Chewning report on this Form 4?
Eric D. Chewning reported exercising Restricted Stock Rights and a related tax withholding share disposition. He converted 605.021 RSRs into common stock, and 193.611 shares were withheld by Huntington Ingalls Industries to satisfy tax obligations tied to the vesting.
How many Huntington Ingalls (HII) Restricted Stock Rights did Eric D. Chewning exercise?
Eric D. Chewning exercised 605.021 Restricted Stock Rights. Each RSR converted into one share of Huntington Ingalls common stock at $0.00 per share as part of his long-term incentive compensation, increasing his directly held common shares on the transaction date.
What are Restricted Stock Rights (RSRs) in the context of HII’s long-term incentive plan?
Restricted Stock Rights represent a contingent right to receive HII common shares or cash. Under the 2022 Long-Term Incentive Stock Plan, each RSR can settle in stock, cash, or a combination, and typically vests in installments on specified anniversaries of the grant date.
How do Eric D. Chewning’s remaining Restricted Stock Rights in HII vest over time?
The Restricted Stock Rights vest in three equal annual installments. Granted on February 24, 2025 under the 2022 Long-Term Incentive Stock Plan, they vest ratably on each of the first, second, and third anniversaries of the grant date, subject to the plan’s terms.