WELCH JOHN K 4
Research Summary
AI-generated summary
HII Director John K. Welch Receives 25.335-Share Award
What Happened
- John K. Welch, a member of the Huntington Ingalls Industries (HII) board of directors, was credited with 25.335 shares on 2026-03-13. The transaction is reported as an award/grant (code A) with an acquisition price of $0 and reported value $0.
- This represents dividend equivalents credited on director stock units (SUAs) under the company's 2012 and 2022 Long-Term Incentive Stock Plans (LTISPs), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-13; Form 4 filed 2026-03-16 (timely — within the SEC’s 2-business-day filing window).
- Security: Common stock credited via SUA dividend equivalents. Number credited: 25.335 shares. Reported acquisition price: $0.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote (F1): Dividend equivalents are credited on SUAs following the company’s quarterly cash dividend; each SUA equals the right to one share and typically becomes payable within 30 days after a non-employee director stops serving. The number credited is calculated by dividing the dividend amount by the stock’s closing price on the dividend payment date.
Context
- This is a routine, compensation-related crediting of dividend equivalents to a director’s unit holdings and does not represent a buy/sell decision in the open market. Such credits are common for non-employee directors and do not by themselves indicate insider sentiment.