Huntington Ingalls (NYSE: HII) director granted 75.906 stock units
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 75.906 shares
Net Buy
2 txns
Insider
SCHIEVELBEIN THOMAS C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 75.906 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock (SUA) — 22,942.016 shares (Direct);
Common Stock — 7,967.365 shares (Direct)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did HII director Thomas C. Schievelbein acquire in this Form 4 filing?
Thomas C. Schievelbein received 75.906 director stock units (SUAs). These units were granted as dividend equivalents under Huntington Ingalls Industries’ long-term incentive stock plans and carry a stated price of $0.0000 per unit as part of board compensation.
What is a director stock unit (SUA) for Huntington Ingalls (HII)?
Each SUA represents a right to receive one share of HII common stock. The shares generally become payable within 30 days after a non-employee director stops serving on the board, aligning director compensation with long-term shareholder interests.
How were the 75.906 SUAs for HII’s director calculated?
The 75.906 SUAs were credited as dividend equivalents. The number is calculated by dividing the total cash dividend on all SUAs held by the director by the closing price of Huntington Ingalls common stock on the dividend payment date.
What are Thomas C. Schievelbein’s holdings after this HII transaction?
After the transaction, Schievelbein holds 22,942.016 SUAs and 7,967.365 common shares. Both positions are reported as directly owned, reflecting his ongoing equity-based alignment with Huntington Ingalls Industries’ shareholders.
Did the HII director pay cash for the 75.906 awarded SUAs?
No cash consideration is shown for the 75.906 SUAs. The units were credited at a reported price of $0.0000 per share as dividend equivalents under Huntington Ingalls Industries’ 2012 and 2022 Long-Term Incentive Stock Plans.