Stiehle Thomas E. 4
Research Summary
AI-generated summary
HII Ex‑CFO Thomas Stiehle Receives Stock Award Worth $3.68M
What Happened
Thomas E. Stiehle, Ex. VP and CFO of Huntington Ingalls Industries (HII), received 8,440 shares on 2026-02-25 upon settlement of restricted performance stock rights (RPSRs). The shares were valued at $435.58 each (total $3,676,295). To cover withholding taxes, 3,806.44 shares (treated as disposed) were withheld—valued at $1,658,009—leaving a net issuance of 4,633.56 shares (net value ≈ $2,018,286). Separately, he was granted 1,239 Restricted Stock Rights (RSRs) at $0 (derivative award) that vest ratably over three years.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (filed within the typical 2-business‑day window).
- Award settled: 8,440 shares @ $435.58 = $3,676,295 (Footnote F1).
- Tax withholding: 3,806.44 shares withheld @ $435.58 = $1,658,009 (treated as disposed) (Footnote F2).
- Derivative grant: 1,239 RSRs @ $0 (Footnote F3); RSRs may convert to shares or cash and vest in three equal annual installments.
- Net shares delivered to insider: 4,633.56 shares (8,440 − 3,806.44).
- Shares owned after transaction: Not disclosed in the filing.
- Transaction codes: A = Award/Grant, F = Tax withholding (not an open‑market sale).
Context
The 8,440 shares were issued on settlement of performance-based awards for the period ending 12/31/2025; the withholding is a routine tax payment and is recorded as a disposition but is not an open-market sale. The newly granted RSRs are contingent, time‑vesting awards under the company’s 2022 LTISP and may convert to stock or cash later. Such compensation-related filings are common and reflect payroll/compensation processes rather than an explicit buy/sell signal by the insider.