Form 4: Huntington Ingalls Industries Executive Christopher Kastner Reports Changes in Beneficial Ownership

Christopher Kastner, a Director, President, and CEO of Huntington Ingalls Industries, reported changes in his beneficial ownership of company stock due to dividend payments and transactions within the company's savings plan.

Summary

• On March 8, 2024, Christopher Kastner, a Director, President, and CEO of Huntington Ingalls Industries (HII), reported changes in his beneficial ownership of HII common stock.
• These changes are due to the receipt of a cash dividend of $1.30 per share, which was then reinvested into a stock unit account under the company's Long-Term Incentive Stock Plan, resulting in the acquisition of 72.826 shares at $293.32.
• Additionally, 32.845 shares were disposed of at $293.32.
• Kastner's holdings also include indirect ownership through the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan, representing 96.89 shares.
• Following these transactions, Kastner directly owns 70,442.901 shares of HII common stock and indirectly owns 13,619.36 shares through the Savings Excess Plan.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing standard transactions. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to insider transactions and dividend reinvestments, providing transparency into the holdings of company executives. It is a standard practice for publicly traded companies and their executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives and directors of publicly traded companies, as mandated by the SEC.
• The transactions reported are typical for executives participating in company dividend reinvestment programs and stock plans.
• Comparable companies such as General Dynamics (GD) and Lockheed Martin (LMT) also have executives who regularly file Form 4s for similar transactions.

Key Dates