HII director granted 25.893 stock units
McKibben Tracy B reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
McKibben Tracy B reported acquisition or exercise transactions in this Form 4 filing.
Huntington Ingalls Industries director Tracy B. McKibben received 25.893 stock units as a grant under the company’s long-term incentive plans. These stock units, called SUAs, stem from dividend equivalents credited on existing director units. After this award, McKibben holds a total of 5,610.832 shares-equivalent directly.
Positive
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Negative
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Insights
Routine director dividend-equivalent grant with minimal impact.
Director Tracy B. McKibben acquired 25.893 stock units (SUAs) at $0.0000 per unit through dividend equivalents under Huntington Ingalls Industries’ long-term incentive stock plans. This is a non-cash, compensation-related increase in equity exposure.
The award lifts McKibben’s direct holdings to 5,610.832 shares-equivalent, which is modest and typical for board-level equity programs. The filing describes standard mechanics where dividend equivalents accrue on existing SUAs and convert into additional units, so the event is administratively important but not thesis-changing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (SUA) | 25.893 | $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
Long-Term Incentive Stock Plan financial
dividend equivalents financial
director stock unit ("SUA") financial
non-employee director financial
FAQ
What did HII director Tracy B. McKibben report on this Form 4?
What is a director stock unit (SUA) in the HII Form 4 filing?
How were the 25.893 HII stock units calculated for Tracy B. McKibben?
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