Form 4: Huntington Ingalls Industries Executive Edmond E. Hughes Jr. Reports Stock Transactions
SEC Form 4 Filing
Edmond E. Hughes Jr., Ex VP & Chief HR Officer of Huntington Ingalls Industries, reports the vesting and subsequent tax withholding of common stock and restricted stock rights.
Summary
- On February 26, 2025, Edmond E. Hughes Jr., Ex VP & Chief HR Officer of Huntington Ingalls Industries, engaged in transactions involving the company's common stock and restricted stock rights.
- Hughes acquired 299.159 shares of common stock through the vesting of restricted stock rights.
- Simultaneously, 128.938 shares were withheld by the issuer to cover withholding taxes related to the vested restricted stock.
- Following these transactions, Hughes directly owns 10,881.017 shares of common stock and indirectly owns 36.39 shares through a 401(k) plan and 9.3492 shares through a Savings Excess Plan.
- He also holds 2,377.354 Restricted Stock Rights.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | RSRs were granted under the 2022 Long-Term Incentive Stock Plan |
| 02/26/2025 | Date of the reported transactions: vesting of restricted stock rights and tax withholding. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.