Form 4: Huntington Ingalls Industries Executive Reports Stock Transactions
SEC Form 4 Filing
Nicolas G. Schuck, a Corporate VP, Controller & CAO at Huntington Ingalls Industries, reported the vesting of restricted stock rights and subsequent tax withholding.
Summary
- On February 26, 2025, Nicolas G. Schuck, a Corporate VP, Controller & CAO of Huntington Ingalls Industries, Inc., had restricted stock rights vest.
- 149.581 shares of common stock were acquired through the vesting of restricted stock rights.
- 67.462 shares were withheld by the issuer for payment of withholding taxes.
- Following these transactions, Schuck directly owns 3,634.132 shares of common stock.
- Schuck also holds 1,099.176 Restricted Stock Rights and 2,048.5207 shares via the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions by an executive, with no inherent positive or negative implications for the company's overall outlook.
Positives
- The vesting of restricted stock rights indicates a form of compensation and alignment of the executive's interests with the company's performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is standard practice for executives to receive stock-based compensation and for these transactions to be publicly reported.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | RSRs were granted under the 2022 Long-Term Incentive Stock Plan |
| 02/26/2025 | Date of transaction: vesting of restricted stock rights and tax withholding. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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