Form 4: Huntington Ingalls Industries Director Acquires Additional Shares Through Incentive Plan

Thomas C. Schievelbein, a director at Huntington Ingalls Industries, acquired 143 shares of common stock through the company's Long-Term Incentive Stock Plan on April 1, 2024.

Summary

• On April 1, 2024, Thomas C. Schievelbein, a director of Huntington Ingalls Industries, acquired 143 shares of common stock.
• The acquisition was made through the Huntington Ingalls Industries, Inc. 2022 Long-Term Incentive Stock Plan at a price of $287.6 per share.
• Following the transaction, Schievelbein directly owns 5,847.365 shares and indirectly owns 20,819.556 shares.
• The indirectly owned shares represent vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2011, 2012 and 2022 Long-Term Incentive Stock Plans.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.

Industry Context

This type of transaction is common for directors of publicly traded companies, who often receive stock options or restricted stock units as part of their compensation packages. It aligns the director's interests with those of the shareholders.

Comparison to Industry Standards

• Director stock ownership is a common practice in publicly traded companies like Huntington Ingalls Industries.
• Companies such as Lockheed Martin, General Dynamics, and Northrop Grumman also utilize stock-based compensation for their directors and executives to align their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates