Huntington Ingalls (HII) CEO Christopher Kastner Receives 91.96-Share Award

What Happened
Christopher D. Kastner, President & CEO and a director of Huntington Ingalls Industries (HII), was granted/credited 91.96 restricted stock rights (RSRs) on September 11, 2026. The report shows these were recorded at $0.00 per share (derivative award); the entry represents dividend-equivalent rights tied to existing RSRs rather than a cash purchase or open-market trade.

Key Details

• Transaction date: 2026-09-11 (Form 4 filed 2026-09-14 — filing appears timely).
• Transaction type: A = Award/Grant (derivative RSRs); reported price $0.00; quantity = 91.96.
• Value: Reported = $0 (these entries reflect dividend-equivalent rights, not a cash purchase).
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • The RSRs are contingent rights to receive equivalent shares (or, at the Committee’s discretion, cash or cash/stock mix) and vest in three equal annual installments under the 2022 LTISP.
  • The 91.96 amount represents dividend-equivalent rights credited after the company’s quarterly cash dividend; the number is calculated by dividing the dividend amount on the RSRs by the stock’s closing price on the dividend payment date.

Context
This was an award/credit of dividend-equivalent units tied to previously granted restricted stock rights — not a net buy or sell of company stock. Such derivative dividend credits increase future contingent share payouts if and when the underlying RSRs vest or are settled.