Form 4: Huntington Ingalls Industries Executive Edgar A. Green III Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Edgar A. Green III reports stock transactions involving Huntington Ingalls Industries common stock, including vesting of restricted stock rights and shares withheld for tax payments.
Summary
- Edgar A. Green III, an Executive Vice President at Huntington Ingalls Industries, reported transactions involving the company's common stock on February 26, 2025.
- These transactions included the vesting of 404.985 restricted stock rights, resulting in the acquisition of 404.985 shares.
- The company withheld 182.649 shares to cover withholding taxes related to the vested restricted stock at a price of $173.19 per share.
- Green also reported beneficial ownership of 2,043.74 shares held indirectly through a 401(k) plan.
- Following these transactions, Green directly owns 11,256.187 shares of Huntington Ingalls Industries common stock and indirectly owns 2,043.74 shares through the 401(k) plan and 9,143.6238 through the Savings Excess Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock rights that vest over time.
- The vesting schedule of the RSRs (ratably in three equal installments upon each of the first, second and third anniversaries of the grant date) is a common vesting structure.
- Withholding shares for tax obligations is a standard practice in equity compensation.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | RSRs were granted under the 2022 Long-Term Incentive Stock Plan |
| 02/26/2025 | Date of stock transactions, including vesting of restricted stock rights and tax withholding. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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