Schuck Nicolas G 4

What Happened Nicolas G. Schuck, Corporate Vice President, Controller & Chief Accounting Officer of Huntington Ingalls Industries (HII), was credited with 3.405 Restricted Stock Rights (RSRs) on 2026-03-13. The Form 4 shows this as an award/acquisition (code A) at $0.00 (derivative), reflecting dividend-equivalent units rather than a cash purchase; total cash paid by the insider was $0.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (timely within SEC filing window).
• Amount credited: 3.405 RSRs; reported price: $0.00; transaction type: Award/Grant (derivative).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1 — Each RSR is a contingent right to receive a like number of common shares (or, at the Compensation Committee’s discretion, cash or a cash/stock mix) under the 2022 Long‑Term Incentive Stock Plan (LTISP).
  • F2 — These 3.405 units represent dividend-equivalent rights credited after the company’s quarterly cash dividend; the number is calculated by dividing the dividend amount by the stock closing price on the dividend payment date.

Context This was a small, routine derivative credit of dividend-equivalent restricted stock rights under the company’s LTISP, not an open-market purchase or sale. Such dividend-equivalent credits are administrative and do not necessarily reflect a change in insider sentiment; conversion into actual shares or cash is governed by the LTISP and the Compensation Committee’s discretion.