Chewning Eric D. 4
4 · HUNTINGTON INGALLS INDUSTRIES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Huntington Ingalls (HII) EVP Eric Chewning Converts RSRs; Shares Withheld
What Happened
Eric D. Chewning, EVP of Maritime Systems & Corporate Strategy at Huntington Ingalls (HII), converted Restricted Stock Rights (RSRs) that vested on 2026-02-26 into 306.778 shares of common stock (reported value $443.00 per share; total ~$135,903). To cover withholding taxes, the issuer withheld 138.357 of those shares (reported value ~$61,292). Net shares received from this vesting/conversion were 168.421 shares. These transactions are compensation-related (vesting of previously granted RSRs), not an open-market purchase or discretionary sale.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed within the standard two business-day window).
- Conversion (code M): 306.778 RSRs converted to 306.778 shares at $443.00/share (total ~$135,903).
- Tax withholding (code F): 138.357 shares withheld by issuer at $443.00/share (total ~$61,292) to satisfy withholding taxes on vested RSRs.
- Net shares delivered to insider: 306.778 − 138.357 = 168.421 shares.
- Footnotes: F1 = shares withheld by issuer for taxes on RSRs that vested 2/26/26; F2 = RSRs were granted 2/26/24 under the 2022 LTISP and vest in three equal annual installments.
- Shares owned after the transaction: not provided in the information supplied.
Context
- This was a routine compensation vesting/conversion of RSRs (restricted stock rights). The withholding of shares to cover taxes is a common cashless mechanism and should not be treated as a market-sale signal by itself.
- The RSRs were granted 2/26/24 and vested ratably; this appears to be an installment vesting event rather than a discretionary buy or sell.
Insider Transaction Report
Form 4
Chewning Eric D.
EVP, Maritime Sys & Corp STR
Transactions
- Exercise/Conversion
Common Stock
2026-02-26$443.00/sh+306.778$135,903→ 3,787.845 total - Tax Payment
Common Stock
[F1]2026-02-26$443.00/sh−138.357$61,292→ 3,649.488 total - Exercise/Conversion
Restricted Stock Rights
[F2]2026-02-26−306.778→ 2,205.847 total→ Common Stock (306.778 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.
Signature
/s/ Tiffany M. King, Attorney-in-Fact|2026-03-02