Boudreaux Chad N. 4

What Happened

• Chad N. Boudreaux, formerly Vice President & Chief Legal Officer of Huntington Ingalls Industries (HII), was credited with 11.781 restricted stock rights (RSRs) on 2026-03-13. The filing lists the acquisition as an award/grant (A) at $0.00 per share (derivative), so no cash was paid for this entry.
• The 11.781 units reflect dividend equivalent rights tied to existing RSRs, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-16.
• Transaction type: Award/Grant (derivative dividend equivalent); amount acquired: 11.781 RSRs; price reported: $0.00; reported value: $0.
• Shares owned after transaction: not specified in this filing.
• Footnote summary:
  • RSRs are contingent rights to receive an equivalent number of shares (or, at the committee’s discretion, cash or cash+stock) under the 2022 Long-Term Incentive Stock Plan (LTISP).
  • The 11.781 units were dividend equivalents credited after the company’s quarterly cash dividend; the number is computed by dividing the dividend paid on the RSRs by the stock’s closing price on the dividend payment date.
• No 10b5-1, tax-withholding, or late-filing indication is stated in the filing.

Context

• This transaction represents dividend-equivalent credits on previously granted restricted stock rights (a routine compensation/administrative adjustment), not a purchase that would indicate added insider buying interest.
• For retail investors: derivative awards like dividend equivalents are common and generally reflect plan mechanics rather than a change in insider sentiment.