Boudreaux Chad N. 4
4 · HUNTINGTON INGALLS INDUSTRIES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Huntington Ingalls (HII) Ex VP & Chief Legal Officer Chad Boudreaux Receives 415 Shares
What Happened
Chad N. Boudreaux, Ex VP & Chief Legal Officer of Huntington Ingalls Industries (HII), had 414.933 restricted stock rights (RSRs) convert into common shares on 2026-02-26. The conversion is reported as a derivative exercise (code M) with a reported per-share amount of $443.00 (total value shown $183,815). The company withheld 187.135 shares to cover withholding taxes (code F), valued at $82,901, leaving a net receipt of 227.798 shares (net value ≈ $100,914). No open-market sale occurred.
Key Details
- Transaction date: 2026-02-26; filing date: 2026-03-02 (filed within the required two-business-day window).
- Conversion/exercise: 414.933 RSRs -> 414.933 shares (reported value $183,815).
- Tax withholding: 187.135 shares withheld by issuer to satisfy withholding taxes (value $82,901).
- Net shares received: 227.798 shares (net value ≈ $100,914).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: RSRs were granted under the 2022 Long-Term Incentive Stock Plan on 2/26/2024 and vest in three equal annual installments; the shares withheld were specifically for tax withholding on vested RSRs.
- Transaction codes: M = exercise/conversion of a derivative (RSR conversion); F = shares withheld for taxes.
Context
This was a vesting/conversion of restricted stock rights rather than an open-market buy or sale. The withholding of shares to cover taxes is a routine administrative step and does not indicate a market sale. The filing appears timely.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-26$443.00/sh+414.933$183,815→ 24,947.165 total - Tax Payment
Common Stock
[F1]2026-02-26$443.00/sh−187.135$82,901→ 24,760.03 total - Exercise/Conversion
Restricted Stock Rights
[F2]2026-02-26−414.933→ 3,548.932 total→ Common Stock (414.933 underlying)
Footnotes (2)
- [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.