McKibben Tracy B 4
Research Summary
AI-generated summary
HII Director Tracy McKibben Receives 25.893-Share Award
What Happened
Tracy McKibben, a director of Huntington Ingalls Industries (HII), was credited with 25.893 shares on June 12, 2026. The Form 4 reports this as an acquisition (code A) at $0.00 per share — these shares reflect dividend equivalents credited to director stock units rather than an open-market purchase.
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-15 (filed within the SEC’s two-business-day window).
- Transaction type/code: Grant/award/other acquisition (A). Reported price: $0.00. Shares acquired: 25.893.
- Shares owned after transaction: not specified on the provided filing.
- Footnote: Dividend equivalents are credited on director stock units (SUAs) under the company's 2012 and 2022 LTISPs; the number credited is the dividend amount divided by the closing stock price on the dividend payment date.
- No 10b5-1 plan, tax-withholding sale, or cashless exercise is indicated in the filing.
Context
These credits are non-cash, plan-driven awards (dividend equivalents) that typically convert to shares when a non-employee director leaves the board; they do not represent an open-market purchase or sale and should be viewed as routine compensation/plan activity rather than an insider betting for or against the stock.