Blanchette Brian D. 4
4 · HUNTINGTON INGALLS INDUSTRIES, INC. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Huntington Ingalls (HII) Ex‑President Brian Blanchette Receives Award
What Happened Brian D. Blanchette, former Vice President and President of Ingalls (a division of Huntington Ingalls Industries), was granted 9.779 Restricted Stock Rights (RSRs) on 2026-03-13. The filing lists the acquisition type as an award/grant (Code A) and the per‑share price recorded as $0.00 because these are derivative rights (dividend equivalents), not a cash purchase of common stock.
Key Details
- Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (Accession 0002049633-26-000008).
- Shares/rights acquired: 9.779 RSRs; price shown: $0.00; total reported cash value: $0 (derivative instrument).
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote F1: Each RSR is a contingent right to receive an equivalent number of common shares (or, at the Compensation Committee’s discretion, cash or a mix of cash and stock) under the 2022 Long‑Term Incentive Stock Plan (LTISP).
- Footnote F2: The 9.779 amount represents dividend equivalent rights credited on the RSRs after the company’s quarterly cash dividend; the number is calculated by dividing the aggregate dividend on the RSRs by the closing stock price on the dividend payment date.
Context This was not an open‑market purchase or sale of common stock but a derivative award tied to existing RSRs (dividend equivalents). Such credits are routine plan adjustments following dividend payments and do not necessarily signal a change in insider sentiment.
Insider Transaction Report
- Award
Restricted Stock Rights
[F1][F2]2026-03-13+9.779→ 2,955.578 total→ Restricted Stock Rights (9.779 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.