Form 4: Huntington Ingalls Industries Director Victoria Harker Reports Acquisition of Dividend Equivalents

Director Victoria Harker reports the acquisition of dividend equivalents related to director stock units (DSUs) under Huntington Ingalls Industries' long-term incentive plan.

Summary

• On September 13, 2024, Victoria D. Harker, a director of Huntington Ingalls Industries, Inc. (HII), acquired 37.249 shares of common stock as dividend equivalents.
• These dividend equivalents were credited on director stock units (DSUs) held by Harker under the company's 2012 and 2022 Long-Term Incentive Stock Plans (LTISPs).
• The dividend equivalents were calculated based on the dividend paid on the total number of DSUs held by Harker, divided by the closing price of HII common stock on the dividend payment date.
• Following the transaction, Harker directly owns 3,634 shares and indirectly owns 7,531.186 shares of HII common stock.
• Harker has granted Tiffany M. King and Elaine S. Chin power of attorney to execute and file Forms 3, 4, and 5 on her behalf in accordance with Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider confidence, but it's not a major event.

Positives

• The acquisition of dividend equivalents reflects Harker's continued investment in the company.
• The reporting is in compliance with Section 16(a) of the Securities Exchange Act of 1934.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for directors of publicly traded companies.

Comparison to Industry Standards

• Director stock ownership and dividend equivalent programs are common practices among publicly traded companies to align the interests of directors with those of shareholders.
• Similar filings are regularly made by directors and officers of companies like Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC).

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine part of director compensation.

Key Dates