DENAULT LEO P 4

What Happened

• Leo P. Denault, a director of Huntington Ingalls Industries (HII), was credited with 13.815 shares on 2026-03-13 as an award (reported as acquisition code "A"). The filing shows an acquisition price of $0.00 and total reported value $0.00. This was not an open‑market purchase or sale but represents dividend‑equivalent units credited under the company's long‑term incentive plans.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (timely within the SEC’s two-business‑day rule).
• Reported shares acquired: 13.815; reported price: $0.00; reported value: $0.00.
• Shares owned after transaction: not disclosed in the Form 4.
• Footnote: Dividend equivalents credited on director stock units (SUAs) under the Huntington Ingalls 2012 and 2022 LTISPs. Each SUA is a right to receive one share and generally becomes payable within 30 days after the director leaves the board. Number of units credited is calculated by dividing the dividend amount on the SUAs by the closing share price on the dividend payment date.

Context

• These are dividend‑equivalent awards (non‑cash credits to director stock units), not market trades—so they do not directly indicate a buy/sell sentiment. The credited SUAs convert to actual shares (typically within 30 days after the director ceases service), at which point they would have realizable market value.