Schuck Nicolas G 4
4 · HUNTINGTON INGALLS INDUSTRIES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
HII Corp VP Nicolas Schuck Exercises Restricted Stock Rights; Shares Withheld
What Happened
Nicolas G. Schuck, Corporate Vice President, Controller & Chief Accounting Officer of Huntington Ingalls Industries (HII), exercised 152.872 restricted stock rights (RSRs) on 2026-02-26. Those RSRs were converted at a recorded value of $443.00 per share (152.872 × $443 = $67,722). To cover withholding taxes on the vested RSRs, 68.946 shares were withheld/disposed (68.946 × $443 = $30,543), leaving a net issuance to Mr. Schuck of 83.926 shares (net value ≈ $37,179). The filing reports the exercise (transaction code M) and the tax withholding (transaction code F).
Key Details
- Transaction date: 2026-02-26; Form 4 filed with the SEC on 2026-03-02 (filed on the required deadline: two business days after the transaction).
- Exercise/conversion: 152.872 RSRs → 152.872 shares at $443.00 each (value $67,722).
- Tax withholding: 68.946 shares withheld/disposed to satisfy withholding taxes (value $30,543).
- Net shares received: 83.926 shares (≈ $37,179).
- Shares owned after transaction: not specified in this Form 4 (beneficial ownership may be reported in other filings or reflected in plan unit accounting).
- Footnotes:
- F1: Withholding by issuer to cover taxes on RSRs vesting 2/26/26.
- F2: RSRs are contingent rights granted 2/26/24 under the 2022 LTISP that vest in three equal annual installments.
- F3: Some plan interests are held as units in the HII Stock Fund; the plan administrator converts units to shares for reporting.
Context
This was a compensation-related conversion of restricted stock rights (not an open-market purchase or sale). The withholding of shares for taxes is a routine cashless/net settlement method and should be viewed as part of standard executive equity compensation administration rather than a market-direction trade. Transaction codes: M = exercise/conversion of derivative; F = shares withheld for tax withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-26$443.00/sh+152.872$67,722→ 4,018.729 total - Tax Payment
Common Stock
[F1]2026-02-26$443.00/sh−68.946$30,543→ 3,949.783 total - Exercise/Conversion
Restricted Stock Rights
[F2]2026-02-26−152.872→ 1,025.629 total→ Common Stock (152.872 underlying)
- 5,253.007
SEP
[F3]→ Common Stock (1,216.4 underlying)
Footnotes (3)
- [F1]Shares withheld by issuer for the payment of withholding taxes on restricted stock rights ("RSRs") that vested on 2/26/26.
- [F2]Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Company common stock, or, at the discretion of the Company's Compensation Committee, cash or a combination of cash and Company common stock. The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP") on 2/26/24 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
- [F3]The reporting person's interest in the HII Stock Fund of the Huntington Ingalls Industries, Inc. Savings Excess Plan (the "Plan") is held in the form of units of interest. The Plan's administrator calculates the number of shares of issuer common stock represented by units in the HII Stock Fund.