HII.NYSEHuntington Ingalls Industries, INC

Form 4: Huntington Ingalls Industries Executive Acquires Dividend Equivalent Rights

Sentiment:

SEC Form 4 Filing

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Todd A. Borkey, former Executive VP & Chief Technology Officer of Huntington Ingalls Industries, reports acquisition of dividend equivalent rights on restricted stock rights.

Summary

  • Todd A. Borkey, a former Executive VP & Chief Technology Officer at Huntington Ingalls Industries (HII), filed a Form 4.
  • The filing reports the acquisition of 4,418 dividend equivalent rights on restricted stock rights (RSRs) on September 13, 2024.
  • These RSRs were granted under the 2022 Long-Term Incentive Stock Plan (LTISP) on February 26, 2024, and vest ratably over three years.
  • Each RSR represents a contingent right to receive one share of HII common stock, cash, or a combination thereof, at the Company's discretion.
  • The dividend equivalent rights were credited following the payment of HII's quarterly cash dividend.
  • Following the transaction, Borkey directly owns 893.237 shares of HII common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding executive compensation, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency into the equity-based compensation of key personnel.

Key Dates

DateDescription
2/26/24Restricted Stock Rights (RSRs) were granted under the 2022 Long-Term Incentive Stock Plan (LTISP).
09/13/2024Transaction date for the acquisition of dividend equivalent rights.
09/16/2024Date of the signature on the Form 4 filing.

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