Form 4: Huntington Ingalls Industries Executive Reports Stock Transactions
SEC Form 4 Filing
Stephen R. Powell, Corp VP & Treasurer of Huntington Ingalls Industries, reports transactions involving common stock and restricted stock rights on February 26, 2025.
Summary
- Stephen R. Powell, a Corporate VP & Treasurer at Huntington Ingalls Industries (HII), filed a Form 4 detailing changes in beneficial ownership.
- On February 26, 2025, Powell engaged in transactions involving HII common stock and restricted stock rights.
- 49.86 shares of common stock were acquired through vesting of restricted stock rights.
- 18.997 shares were disposed of to cover withholding taxes.
- Following these transactions, Powell directly owns 30.863 shares of common stock and indirectly owns 35.21 shares through a 401(k) plan.
- Powell also holds 775.738 restricted stock rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for corporate insiders in publicly traded companies, ensuring transparency and preventing illegal insider trading.
- The vesting schedule of the restricted stock rights (ratably over three years) is a common practice in executive compensation packages to incentivize long-term performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
- The filing provides transparency to shareholders regarding insider trading activities.
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 shares withheld for taxes. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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