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, including acquisitions through dividend reinvestment and disposals to cover tax obligations.

Summary

• On March 8, 2024, Edgar A. Green III, an Executive Vice President at Huntington Ingalls Industries (HII), reported changes in his beneficial ownership of HII common stock.
• He acquired 41.009 shares of common stock at $293.32 per share through dividend reinvestment under the company's Long-Term Incentive Stock Plan.
• He also disposed of 18.496 shares at $293.32 per share to satisfy tax obligations.
• Following these transactions, Green directly owns 7,483.451 shares of HII common stock.
• Additionally, he indirectly owns 2,012.95 shares through a 401(k) plan and 8,994.126 shares through a Savings Excess Plan (SEP).

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to dividend reinvestment and tax obligations. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company's stock by the executive.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the executive's direct holdings.

Industry Context

This filing is a routine disclosure related to insider transactions and provides insight into the actions of company executives regarding their holdings in the company. It is typical for executives to acquire shares through dividend reinvestment and dispose of shares to cover tax obligations.

Key Dates