Form 4: Huntington Ingalls Industries Executive VP Brooke Hart Reports Stock Transactions
SEC Form 4
Executive VP Brooke Hart reports the vesting of restricted stock rights and subsequent tax withholding, resulting in changes to beneficial ownership of Huntington Ingalls Industries stock.
Summary
- On February 26, 2025, Brooke Hart, Executive VP of Communications at Huntington Ingalls Industries, reported transactions involving common stock and restricted stock rights.
- 149.581 shares of common stock were acquired through the vesting of restricted stock rights.
- 64.47 shares were disposed of to cover withholding taxes at a price of $173.19 per share.
- Following these transactions, Hart directly owns 2,435.38 shares of common stock and 1,055.176 restricted stock rights.
- The restricted stock rights vest ratably over three years from the grant date of February 26, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Positives
- The vesting of restricted stock rights indicates a form of compensation and alignment of the executive's interests with the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the financial interests of company executives.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are standard practice among publicly listed companies, including defense contractors like Lockheed Martin (LMT) and General Dynamics (GD).
- The vesting schedules and terms of these grants are typically detailed in the company's proxy statements.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It has a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Restricted Stock Rights granted under the 2022 Long-Term Incentive Stock Plan |
| 02/26/2025 | Date of stock transactions: vesting of restricted stock rights and tax withholding. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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