Huntington Ingalls director gets 75.906 stock units
SCHIEVELBEIN THOMAS C reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SCHIEVELBEIN THOMAS C reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries director Thomas C. Schievelbein received 75.906 director stock units (SUAs) as a grant under the company’s long-term incentive stock plans. The units were credited as dividend equivalents tied to the company’s quarterly cash dividend and carry a price of $0.0000 per unit.
Each SUA represents the right to receive one share of Huntington Ingalls common stock, generally payable within 30 days after the director leaves the board. Following this grant, Schievelbein directly holds 22,942.016 SUAs and 7,967.365 shares of common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 75.906 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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.
FAQ
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What did HII director Thomas C. Schievelbein acquire in this Form 4 filing?
What is a director stock unit (SUA) for Huntington Ingalls (HII)?
How were the 75.906 SUAs for HII’s director calculated?
What are Thomas C. Schievelbein’s holdings after this HII transaction?
Did the HII director pay cash for the 75.906 awarded SUAs?
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