Boudreaux Chad N. 4

What Happened

• Chad N. Boudreaux, former Vice President & Chief Legal Officer of Huntington Ingalls Industries (HII), was credited with 16.507 restricted stock rights (derivative awards) on June 12, 2026. The reported price is $0.00 and the transaction is reported as an award/grant of derivative rights (no cash changed hands).

Key Details

• Transaction date: 2026-06-12; Filing date: 2026-06-15 (filed three days after the transaction; Form 4s are normally due within two business days).
• Transaction type/code: A — Award/Grant of derivative securities.
• Amount: 16.507 Restricted Stock Rights (RSRs) credited; reported price $0.00; aggregate dollar value reported as $0.
• Shares owned after transaction: Not reported in this filing.
• Footnotes: See notes F1 and F2 below for how these RSRs and dividend-equivalent rights work.

Context

• These are derivative awards (Restricted Stock Rights) rather than an open-market purchase or sale. Per the filing, each RSR is a contingent right to receive a matching number of HII shares (or cash or a mix) and vests in three equal annual installments under the 2022 Long-Term Incentive Stock Plan.
• The 16.507 amount represents dividend-equivalent rights credited after the company’s quarterly cash dividend; the number credited is calculated by dividing the total dividend paid on the RSRs by the closing share price on the dividend payment date — hence the $0.00 per-share price reported.

Footnotes (from filing)

• F1: RSRs = contingent right to receive equivalent common shares (or cash/combination) and vest ratably over three years under the 2022 LTISP.
• F2: Amount acquired represents dividend equivalent rights credited after the quarterly dividend; number is computed by dividing dividend aggregate by closing stock price on the dividend date.