Form 4: Huntington Ingalls Industries Executive Edgar A. Green III Reports Stock Sale

Edgar A. Green III, an executive at Huntington Ingalls Industries, reported selling 3,603 shares of common stock on March 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Edgar A. Green III, an Executive Vice President at Huntington Ingalls Industries (HII), filed a Form 4 detailing changes in beneficial ownership.
• On March 1, 2024, Green sold 3,603 shares of HII common stock at a price of $290.75 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 15, 2023.
• Following the transaction, Green directly owns 7,460.938 shares of HII common stock.
• Green also indirectly owns 2,012.95 shares through a 401(k) plan and 2,096.29 shares through the Savings Excess Plan, totaling 8,994.126 shares.
• The filing was signed by Kathy S. Owen under Power of Attorney on March 4, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the pre-planned nature of the sale.

Key Dates