Form 4: Huntington Ingalls Industries Executive Reports Stock Transactions
SEC Form 4 Filing
Edmond E. Hughes Jr., Ex VP & Chief HR Officer of Huntington Ingalls Industries, reports acquisition and disposal of company stock related to restricted stock rights.
Summary
- On February 24, 2025, Edmond E. Hughes Jr., Ex VP & Chief HR Officer of Huntington Ingalls Industries, acquired 4,567 shares of common stock at $168.81 per share upon settlement of restricted performance stock rights.
- On the same day, 1,990.991 shares were withheld by the issuer for payment of withholding taxes on these RPSRs at $168.81.
- Hughes also acquired 1,777 restricted stock rights, which vest ratably over three years.
- Following these transactions, Hughes directly owns 10,710.796 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 owns 2,676.513 restricted stock rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader trend in the shipbuilding or defense industry but rather individual compensation and tax planning.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | End of performance period for restricted performance stock rights. |
| 02/24/2025 | Date of stock acquisition, disposal, and restricted stock rights grant. |
| 02/25/2025 | Date of signature for the report. |
| First, second and third anniversaries of 02/24/2025 | Vesting dates for restricted stock rights. |
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