Green Edgar A III 4
Research Summary
AI-generated summary
Huntington Ingalls (HII) Exec Edgar A. Green Receives Award
What Happened
Edgar A. Green III, Ex VP and President, HII Mission Technologies, received a settlement of restricted performance stock rights (RPSRs) on 2026-02-25: 6,470 shares were issued at $435.58 per share (value ≈ $2,818,203). To cover withholding taxes on that issuance, 2,713.529 shares were withheld (disposed) at the same per-share value (value ≈ $1,181,959). In addition, Green was granted 1,033 Restricted Stock Rights (RSRs) on 2026-02-25 (recorded at $0.00 as a contingent/derivative award).
Key Details
- Transaction date(s): 2026-02-25; Form 4 filed 2026-02-27 (filed within the standard 2-business-day window).
- Prices and values: issued/withheld at $435.58 per share; 6,470 shares issued ($2.82M); 2,713.529 shares withheld ($1.18M). RSR grant recorded as 1,033 units @ $0.00 (contingent).
- Transaction codes: A = Award/Grant (RPSR issuance and RSR grant); F = Withholding of shares to satisfy tax obligations.
- Shares owned after the reported transactions: not specified in the provided data.
- Footnotes of note:
- F1: Shares issued upon settlement of RPSRs for performance period ended 12/31/2025.
- F2: Shares were withheld by the issuer to pay withholding taxes on the RPSRs.
- F3: Each RSR is a contingent right to receive shares (or cash/combination at the Compensation Committee’s discretion); the RSRs were granted under the 2022 LTISP on 2/25/26 and vest in three equal annual installments.
- F4: Holdings in the company savings plan are recorded as units that map to company stock.
Context
The main event is an RPSR settlement (shares issued for performance — an award), not an open-market purchase or deliberate sale. The withholding of 2,713.529 shares is a routine tax-payment action (code F) and should not be interpreted as an active sell decision for liquidity or market sentiment. The 1,033 RSRs are derivative/contingent awards that vest over time and may be settled in stock or cash per the Compensation Committee’s discretion.