Huntington Ingalls (HII) VP/Controller Nicolas Schuck Receives 5.1 Shares

What Happened
Nicolas G. Schuck, Corporate Vice President, Controller & Chief Accounting Officer of Huntington Ingalls Industries (HII), was credited with 5.1 restricted stock rights (reported as a derivative award) on 2026-09-11. The filing lists an acquisition price of $0.00 — these represent dividend-equivalent rights tied to previously granted Restricted Stock Rights (RSRs), not a cash purchase or open-market buy.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-14 (timely).
• Transaction type/code: Award/Grant (A). Reported acquisition: 5.1 RSRs at $0.00 (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — Each RSR is a contingent right to receive an equivalent number of common shares (or cash/combination) and vests in three equal annual installments under the 2022 LTISP.
  • F2 — The 5.1 figure reflects dividend-equivalent rights credited after the company’s quarterly cash dividend; number is calculated by dividing the dividend amount by the closing stock price on the dividend payment date.
• Implication: This is an award/crediting of dividend equivalents on existing RSRs (routine compensation/administrative action), not a market buy or sale.

Context
Dividend-equivalent credits on RSRs increase the number of contingent rights to shares but are distinct from outright purchases or sales; they typically do not signal a change in an insider’s view of the company. RSRs vest over future anniversaries, so any eventual receipt of shares depends on continued vesting and plan terms.