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 on February 26, 2024.
Summary
- On February 26, 2024, Edmond E. Hughes Jr., Ex VP & Chief HR Officer of Huntington Ingalls Industries, acquired 2,172 shares of common stock at $288.33 per share.
- On the same day, 955.948 shares were disposed of at $288.33 per share to cover withholding taxes on vested restricted stock.
- Following these transactions, Hughes directly owns 9,627.918 shares of common stock and indirectly owns 35.7 shares through a 401(k) plan.
- The acquisition of 2,172 shares was due to the vesting of restricted stock units for which performance goals were met.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of restricted stock units indicates that performance goals were met, which is a positive sign for the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The stock transactions by a company executive may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock acquisition and disposal. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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