Kastner Christopher D 4

What Happened
Christopher D. Kastner, Director, President & CEO of Huntington Ingalls Industries (HII), was credited with 61.382 restricted stock rights (RSRs) on March 13, 2026. The RSRs were recorded at $0.00 per unit (no cash paid) and are classified as a derivative award under the company's 2022 Long‑Term Incentive Stock Plan (LTISP). The filing covering this transaction was submitted on March 16, 2026.

Key Details

• Transaction type: Award/acquisition of derivative rights (RSRs); code A in the filing.
• Date of transaction: 2026-03-13; Filing date: 2026-03-16.
• Amount: 61.382 RSRs acquired at $0.00 per unit (derivative, no cash outlay).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnotes:
  • F1 — Each RSR is a contingent right to receive an equivalent number of common shares, or cash/or a cash-plus-stock mix, at the Compensation Committee’s discretion.
  • F2 — The 61.382 amount represents dividend equivalent rights credited on the RSRs after the company’s quarterly cash dividend; it’s calculated by dividing the dividend paid on the RSRs by the closing stock price on the dividend payment date.

Context
These RSRs are dividend-equivalent credits tied to previously granted restricted stock rights, not an open-market purchase or sale. Such awards are routine under long-term incentive plans and do not necessarily indicate a change in insider sentiment; they represent bookkeeping of dividend equivalents that may later convert to shares or cash per plan terms.