Form 4: Huntington Ingalls Industries Executive Edgar A. Green III Reports Changes in Beneficial Ownership

Edgar A. Green III, an Executive Vice President at Huntington Ingalls Industries, reported transactions involving common stock and restricted stock rights.

Summary

• Edgar A. Green III, Ex VP, Pres. HII Mission Tech, filed a Form 4 detailing changes in beneficial ownership of Huntington Ingalls Industries, Inc. [HII] securities.
• The earliest transaction date reported is February 26, 2024.
• Green directly owns 7,477.451 shares of common stock.
• Green indirectly owns 2,022.91 shares of common stock through a 401(k) plan.
• Green acquired 1,196 restricted stock rights on February 26, 2024, which vest ratably over three years.
• He also acquired 6.52 restricted stock rights on June 14, 2024, representing dividend equivalent rights.
• Green holds 2,106.66 shares of common stock through the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan.
• Following the reported transactions, Green beneficially owns 9,040.3093 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock ownership.

Future Outlook

The restricted stock rights vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages, including stock and option awards, are common across publicly traded companies, particularly in industries like aerospace and defense.
• Comparing the size and vesting schedules of Green's restricted stock rights to those of executives at similar companies like Lockheed Martin (LMT) or General Dynamics (GD) could provide a benchmark for assessing the competitiveness of HII's compensation practices.
• The use of 401(k) plans and stock funds for executive retirement savings is also a standard practice.

Stakeholder Impact

• Shareholders may be interested in the details of executive compensation and stock ownership.
• Employees participating in the HII Stock Fund may be indirectly affected by changes in the value of HII stock.

Key Dates