Form 4: Huntington Ingalls Industries Executive Reports Stock Transactions
SEC Form 4 Filing
Todd A. Borkey, Ex VP & Chief Technology Officer of Huntington Ingalls Industries, reports the vesting and disposal of shares to cover tax obligations.
Summary
- On February 26, 2025, Todd A. Borkey, Ex VP & Chief Technology Officer of Huntington Ingalls Industries, reported transactions involving common stock and restricted stock rights.
- 299.159 shares of common stock were acquired through the vesting of restricted stock rights.
- 144.494 shares were disposed of to cover withholding taxes at a price of $173.19 per share.
- Following these transactions, Borkey directly owns 5,028.907 shares of common stock and 2,377.354 restricted stock rights.
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.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for executives to sell shares to cover tax obligations upon vesting of restricted stock.
Comparison to Industry Standards
- Form 4 filings are standard practice across all publicly traded companies, including defense contractors like Lockheed Martin (LMT) and General Dynamics (GD).
- The vesting schedules and tax withholding practices are generally consistent with industry norms for executive compensation.
- The number of shares and value of transactions are specific to the individual's compensation package and holdings within Huntington Ingalls Industries.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | RSRs were granted under the 2022 Long-Term Incentive Stock Plan |
| 12/26/2025 | Restricted stock vested |
| 02/26/2025 | Date of transaction: Acquisition of common stock and disposal of shares for tax withholding |
| 02/27/2025 | Date of signature |
Keywords
Form 4, Huntington Ingalls Industries, HII, Stock Transaction, Insider Trading, Executive Compensation, Restricted Stock Rights, Vesting, Tax Withholding
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