Form 4: Huntington Ingalls Industries Executive Wyatt D.R. Reports Stock Transactions
SEC Form 4 Filing
Corporate VP & Treasurer Wyatt D.R. of Huntington Ingalls Industries reports acquisition and disposal of company stock related to vesting of restricted stock units.
Summary
- On February 26, 2024, Wyatt D.R., Corporate VP & Treasurer of Huntington Ingalls Industries, acquired 3,056 shares of common stock at a price of $288.33 per share due to the vesting of restricted stock units.
- On the same day, Wyatt D.R. disposed of 1,339.377 shares of common stock at $288.33 per share to cover withholding taxes related to the vesting of the restricted stock units.
- Following these transactions, Wyatt D.R. directly owns 20,317.041 shares of Huntington Ingalls Industries common stock and indirectly owns 1,476.53 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions related to executive compensation.
Positives
- The vesting of restricted stock units indicates that performance goals set by the Huntington Ingalls Industries Compensation Committee were met.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock acquisition and disposal due to vesting of restricted stock units and tax withholding. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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