Form 4: Director Collins Receives Dividend and Deferrs Shares into Stock Unit Account

Director Augustus L. Collins received a cash dividend on Huntington Ingalls Industries, Inc. common stock and deferred the corresponding shares into a stock unit account on March 8, 2024.

Summary

• On March 8, 2024, Augustus L. Collins, a director of Huntington Ingalls Industries, Inc. (HII), received a cash dividend of $1.30 per share of common stock.
• Pursuant to the terms of the company's 2012 and 2022 Long-Term Incentive Stock Plans, the shares representing the dividend were deferred into a stock unit account.
• This transaction is exempt under Rule 16b-3.
• Following the transaction, Collins beneficially owns 8,368.583 shares of common stock indirectly through vested restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders.

Positives

• The director's participation in the Long-Term Incentive Stock Plan aligns his interests with those of the shareholders.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates