Chewning Eric D. 4
4 · HUNTINGTON INGALLS INDUSTRIES, INC. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
HII EVP Eric Chewning Receives Restricted Stock Rights Award
What Happened
Eric D. Chewning, Executive Vice President, Maritime Systems & Corporate Strategy at Huntington Ingalls Industries (HII), received a grant of 7.322 restricted stock rights (RSRs) on March 13, 2026. The filing reports these as a derivative award (transaction code A) with an acquisition price of $0.00. The award represents dividend equivalent rights tied to previously granted RSRs rather than a cash purchase.
Key Details
- Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (timely filing).
- Transaction type/code: Grant/Award (A), derivative securities (RSRs).
- Quantity: 7.322 RSRs; reported price: $0.00 (no cash outlay).
- Shares owned after the transaction: Not disclosed in the provided excerpt.
- Footnotes:
- F1 — Each RSR is a contingent right to receive the equivalent number of common shares (or cash/combination at the Compensation Committee’s discretion); granted under the 2022 Long-Term Incentive Stock Plan (LTISP).
- F2 — The 7.322 amount represents dividend equivalent rights credited after the company’s quarterly cash dividend; the number is calculated by dividing the dividend payment on the RSRs by the closing stock price on the dividend date.
Context
This is a compensation-related award (dividend equivalents on restricted stock rights), not an open-market purchase or sale. Such awards are routine forms of executive compensation and do not necessarily signal a change in the insider’s market view.
Insider Transaction Report
- Award
Restricted Stock Rights
[F1][F2]2026-03-13+7.322→ 2,213.169 total→ Common Stock (7.322 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Company common stock, or, at the discretion of the Company's Compensation Committee, cash or a combination of cash and Company common stock. The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP").
- [F2]The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend. Pursuant to the LTISP, the number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs held by the reporting person by the closing price of a share of Company common stock on the dividend payment date.