Green Edgar A III 4
Research Summary
AI-generated summary
HII EVP Edgar A. Green Exercises RSRs; Shares Withheld
What Happened
- Edgar A. Green (Ex VP, Pres. HII Mission Tech) had 414.933 Restricted Stock Rights (RSRs) vest on 2026-02-26. The vested shares were valued at $443.00 each (gross value ≈ $183,815).
- The company withheld 187.135 shares to cover withholding taxes (value ≈ $82,901), leaving a net issuance to Green of 227.798 shares (net value ≈ $100,914).
- This was a vesting/conversion event (derivative exercise/settlement), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-26; Filing date: 2026-03-02 (filed within required period).
- Prices and values: 414.933 shares × $443.00 = $183,815 gross; 187.135 shares withheld × $443.00 = $82,901.
- Net shares received: 227.798 shares (414.933 − 187.135).
- Footnotes: F1 — shares withheld by issuer to pay withholding taxes on RSRs that vested; F2 — RSRs granted under 2022 LTISP on 2/26/24 and vest in three equal annual installments; F3 — mentions Plan units for other holdings (not directly relevant to this transaction).
- Shares owned after the transaction are not specified in the provided excerpt.
Context
- This was a routine vesting/settlement of restricted stock rights (a form of equity compensation). The withholding of shares for taxes is a common administration step (similar to a cashless exercise) and does not by itself indicate a buy or sell decision by the insider.
- The filing reports conversion of the derivative (RSRs) into common stock and the related tax-withholding disposition; no open-market sale or purchase occurred.