Form 4: Huntington Ingalls Industries CEO Christopher Kastner Reports Stock Transactions
SEC Form 4 Filing
Christopher Kastner, Director, President, and CEO of Huntington Ingalls Industries, reports the vesting and subsequent tax withholding of shares, as well as transactions related to restricted stock rights.
Summary
- On February 26, 2025, Christopher Kastner, Director, President, and CEO of Huntington Ingalls Industries, engaged in transactions involving common stock and restricted stock rights.
- 2,293.554 shares of common stock were acquired through vesting of restricted stock rights.
- 1,034.393 shares were disposed of to cover withholding taxes at a price of $173.19 per share.
- Following these transactions, Kastner directly owns 30,449.065 shares of common stock.
- Kastner also indirectly owns 98.78 shares through a 401(k) plan and 55,953.84 shares held in the Kastner Family Trust.
- Additionally, 2,293.554 Restricted Stock Rights vested, with each right representing a contingent right to receive one share of company common stock.
- Following these transactions, Kastner directly owns 19,693.127 Restricted Stock Rights.
- Kastner also indirectly owns 13,908.4558 shares through the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedule of the Restricted Stock Rights (RSRs) is typical, with vesting occurring ratably over three years.
- Tax withholding upon vesting of restricted stock is a standard practice.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Restricted Stock Rights (RSRs) were granted under the 2022 Long-Term Incentive Stock Plan (LTISP). |
| 02/26/2025 | Date of transaction: vesting of restricted stock rights and tax withholding. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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