Form 4: Huntington Ingalls Director Increases Stake Through Dividend Equivalents

Thomas C. Schievelbein, a Director at Huntington Ingalls Industries, Inc. (HII), acquired 128.09 shares of common stock through dividend equivalents, increasing his total direct beneficial ownership to 22,210.609 shares.

Summary

• Thomas C. Schievelbein, a Director of Huntington Ingalls Industries, Inc. (HII), acquired 128.09 shares of common stock on June 13, 2025.
• The acquisition was made at a price of $0 per share, indicating it was not a direct purchase but a grant or equivalent.
• These shares represent dividend equivalents credited on Director Stock Units (DSUs) held by Mr. Schievelbein under the company's 2012 and 2022 Long-Term Incentive Stock Plans (LTISPs).
• Each DSU grants the right to receive one share of company common stock, generally payable within 30 days after a non-employee director ceases board service.
• The number of dividend equivalents acquired is calculated by dividing the aggregate dividend amount paid on total stock units by the closing price of the common stock on the dividend payment date.
• Following this transaction, Mr. Schievelbein's direct beneficial ownership of Huntington Ingalls Industries common stock stands at 22,210.609 shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director's continued accumulation of company stock, aligning their interests with shareholders, even though it's a routine compensation event.

Positives

• The acquisition of additional shares, even through dividend equivalents, demonstrates continued alignment of a director's interests with those of shareholders.
• The transaction is part of a pre-existing Long-Term Incentive Stock Plan, indicating a structured and transparent compensation mechanism for directors.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting how director compensation plans often include equity components like dividend equivalents to align management and board interests with shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction increases the director's direct beneficial ownership, which can be viewed positively as it further aligns the director's financial interests with those of the shareholders.

Key Dates

Keywords

Huntington Ingalls Industries, HII, Thomas C. Schievelbein, SEC Form 4, Insider Transaction, Director Stock Acquisition, Dividend Equivalents, Long-Term Incentive Plan, Equity Compensation, Beneficial Ownership