SCHIEVELBEIN THOMAS C 4
Research Summary
AI-generated summary
Huntington Ingalls (HII) Director Thomas Schievelbein Receives 106.926-Share Award
What Happened
Thomas C. Schievelbein, a non-employee director of Huntington Ingalls Industries (HII), was credited 106.926 shares on 2026-06-12 as an award (transaction code A). The Form 4 shows an acquisition price of $0.00 because these were dividend-equivalent credits to director stock units (SUAs), not an open-market purchase or sale. The filing was made on 2026-06-15.
Key Details
- Transaction date: 2026-06-12; Filing date: 2026-06-15 (filed within the required reporting window).
- Transaction type/code: Award/Acquisition (A).
- Shares credited: 106.926; reported acquisition price: $0.00 (non-cash dividend-equivalent credit).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: Credits were made under the Huntington Ingalls 2012 and 2022 Long-Term Incentive Stock Plans (LTISPs). Dividend equivalents are credited on each director SUA and are calculated by dividing the dividend paid on the SUAs by the stock’s closing price on the dividend payment date.
Context
These units are dividend-equivalent credits to deferred director stock units (SUAs). Each SUA represents a right to one share that is generally payable within ~30 days after the director ceases board service, so this is a compensation/deferral event rather than an indication of buying or selling in the open market. The filing lists $0 as the acquisition price because no cash was exchanged at the time of crediting.