Form 4: Huntington Ingalls Industries Executive Reports Stock Transactions Following Dividend Payment
SEC Form 4 Filing
Christopher W. Soong, former Executive VP & CIO of Huntington Ingalls Industries, reports acquisition and disposal of common stock related to a dividend payment.
Summary
- On March 8, 2024, Christopher W. Soong, former Executive VP & CIO of Huntington Ingalls Industries, engaged in transactions involving the company's common stock.
- These transactions included the acquisition of 6.382 shares at a price of $293.32, resulting from a dividend reinvestment, and the disposal of 1.921 shares for the same price to cover tax obligations.
- Following these transactions, Soong directly owns 1,897.133 shares of Huntington Ingalls Industries common stock.
- The acquisition of shares was conducted under the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, and is exempt by Rule 16b-3.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to dividend payments and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard activity related to dividend payments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of dividend payment and related stock transactions (acquisition and disposal). |
| 03/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.