Form 4: Huntington Ingalls Industries Executive Acquires Shares Through RSU Settlement
SEC Form 4 Filing
Nicolas G. Schuck, a Corporate VP at Huntington Ingalls Industries, acquired shares through the settlement of restricted stock units and disposed of shares to cover withholding taxes.
Summary
- On February 24, 2025, Nicolas G. Schuck, a Corporate VP, Controller & CAO at Huntington Ingalls Industries, acquired 2,409 shares of common stock at $168.81 per share upon the settlement of restricted performance stock rights (RPSRs).
- Schuck also disposed of 1,117.313 shares at $168.81 per share to cover withholding taxes related to the RPSR settlement.
- Following these transactions, Schuck directly owns 3,552.013 shares of Huntington Ingalls Industries common stock.
- Schuck also holds 1,248.757 restricted stock rights and 2,048.5207 shares through the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is common for executives to receive stock-based compensation and to sell shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | End of the performance period for the settled restricted performance stock rights (RPSRs). |
| 02/24/2025 | Date of the stock acquisition and disposal transactions. |
| 02/24/2025 | Grant date of the restricted stock rights (RSRs) under the 2022 Long-Term Incentive Stock Plan. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.