Form 4: Huntington Ingalls Industries Executive Reports Stock Transactions

Edmond E. Hughes Jr., an executive at Huntington Ingalls Industries, reports transactions involving common stock, including dividend reinvestment and tax withholding.

Summary

• On March 8, 2024, Edmond E. Hughes Jr., an Ex VP & Chief HR Officer of Huntington Ingalls Industries, Inc. (HII), engaged in transactions involving HII common stock.
• Hughes acquired 9.828 shares of common stock at $293.32 per share through dividend reinvestment under the company's Long-Term Incentive Stock Plan.
• 2.959 shares were disposed of for tax withholding purposes at $293.32 per share.
• Hughes also has an indirect ownership of 35.7 shares through a 401(k) plan.
• Following these transactions, Hughes directly owns 9,634.787 shares of HII common stock and indirectly owns 9.1549 shares through the Savings Excess Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to dividend reinvestment and tax obligations. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company's stock.

Negatives

• The disposal of shares for tax withholding reduces the number of shares directly held.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates