Form 4: Huntington Ingalls Industries Executive Jennifer R. Boykin Reports Intra-Plan Stock Transfer

Executive Vice President Jennifer R. Boykin reports an intra-plan transfer within Huntington Ingalls Industries' savings plans, involving the acquisition of company stock.

Summary

• Jennifer R. Boykin, an Executive Vice President at Huntington Ingalls Industries (HII), filed a Form 4 on March 4, 2024, reporting a transaction that occurred on February 29, 2024.
• The transaction involved an intra-plan transfer within the Huntington Ingalls Industries, Inc. Savings Plan, moving funds into the HII Stock Fund.
• Boykin acquired 2,727.81 shares of HII common stock at a price of $291.62 per share through a direct transaction.
• Following the reported transaction, Boykin directly owns 11,938.847 shares of HII common stock.
• Boykin also indirectly owns 1,043.33 shares through a 401(k) plan and 6,438.0376 shares through the Savings Excess Plan.
• The filing indicates that the interest in the HII Stock Fund is held in the form of units of interest, with the plan's administrator calculating the number of shares represented by these units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The transaction reflects the executive's investment in the company's stock, which could be interpreted as a positive sign of confidence in HII's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates an executive's activity in the company's stock, which is a common occurrence.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an executive's investment in the company.

Key Dates