Form 4: Huntington Ingalls Industries Executive Acquires Dividend Equivalent Rights

Nicolas G. Schuck, a Corporate VP, Controller & CAO at Huntington Ingalls Industries, acquired dividend equivalent rights on restricted stock rights.

Summary

• On September 13, 2024, Nicolas G. Schuck, a Corporate VP, Controller & CAO of Huntington Ingalls Industries, acquired 2.209 dividend equivalent rights on restricted stock rights.
• These rights were granted under the 2022 Long-Term Incentive Stock Plan on February 26, 2024, and vest ratably in three equal installments.
• Each Restricted Stock Right (RSR) represents a contingent right to receive an equivalent number of shares of Company common stock, or, at the discretion of the Company's Compensation Committee, cash or a combination of cash and Company common stock.
• The dividend equivalent rights were credited following payment of the Company's quarterly cash dividend.
• The number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs held by the reporting person by the closing price of a share of Company common stock on the dividend payment date.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an executive's acquisition of dividend equivalent rights, a routine part of executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation and alignment of interests.

Key Dates