Schuck Nicolas G 4
Research Summary
AI-generated summary
HII Controller Nicolas Schuck Receives $1.04M Stock Award
What Happened
- Nicolas G. Schuck, Corporate Vice President, Controller & Chief Accounting Officer of Huntington Ingalls Industries (HII), received 2,390 shares of HII common stock on 2026-02-25 as the settlement of restricted performance stock rights (RPSRs) for the performance period ending 12/31/2025. The shares are valued at $435.58 each, totaling $1,041,036.
- To cover withholding taxes on that award, 1,077.594 shares were surrendered/withheld (reported as a disposition) at the same per-share price, valued at $469,378. In addition, 327 Restricted Stock Rights (RSRs) were granted on 2/25/2026 (reported as a derivative award, $0 per share in the filing) under the 2022 Long-Term Incentive Stock Plan.
Key Details
- Transaction date(s): 2026-02-25; Form 4 filed 2026-02-27 (timely filing).
- Award received: 2,390 shares @ $435.58 = $1,041,036 (F1: settlement of RPSRs).
- Tax withholding: 1,077.594 shares @ $435.58 = $469,378 (F2: shares withheld by issuer to satisfy tax obligations).
- New grant: 327 RSRs @ $0 (derivative award granted under 2022 LTISP; vest ratably in three equal annual installments) (F3).
- Notes: RSRs = contingent rights to receive shares (or cash, at the Compensation Committee’s discretion). F4 in the filing describes how Plan units map to shares for the company savings excess plan.
- Shares owned after transaction: not specified in the supplied filing excerpts.
Context
- This was an award/settlement of performance-based equity (not an open-market purchase or a discretionary sale). The withholding of shares to cover taxes is routine and should not be read as a directional sale signal. The newly granted RSRs vest over time, so they are long-term compensation rather than immediate liquid holdings.