Form 4: Huntington Ingalls Industries Executive Paul C. Harris Reports Stock Transactions

Executive Vice President Paul C. Harris of Huntington Ingalls Industries reports acquisition and disposal of company stock related to vesting of restricted stock units.

Summary

• Paul C. Harris, an Executive Vice President at Huntington Ingalls Industries, reported transactions involving the company's common stock on February 26, 2024.
• Harris acquired 2,172 shares of common stock at a price of $288.33 per share due to the vesting of restricted stock units.
• Simultaneously, 1,000.708 shares were withheld by the issuer to cover withholding taxes related to the vesting of these restricted stock units, also at $288.33 per share.
• Following these transactions, Harris directly owns 2,140.252 shares of Huntington Ingalls Industries common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions, with neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant trend or event for Huntington Ingalls Industries or the broader defense industry.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units, are common across publicly traded companies, including defense contractors like Lockheed Martin, General Dynamics, and Northrop Grumman.
• The vesting schedules and tax withholding practices are generally standardized and in line with IRS regulations.
• The number of shares involved is typical for executive-level grants and vesting events.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates