Chewning Eric D. 4

What Happened
Eric D. Chewning, Executive Vice President, Maritime Systems & Corporate Strategy at Huntington Ingalls Industries (HII), received a grant of 7.322 restricted stock rights (RSRs) on March 13, 2026. The filing reports these as a derivative award (transaction code A) with an acquisition price of $0.00. The award represents dividend equivalent rights tied to previously granted RSRs rather than a cash purchase.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (timely filing).
• Transaction type/code: Grant/Award (A), derivative securities (RSRs).
• Quantity: 7.322 RSRs; reported price: $0.00 (no cash outlay).
• Shares owned after the transaction: Not disclosed in the provided excerpt.
• Footnotes:
  • F1 — Each RSR is a contingent right to receive the equivalent number of common shares (or cash/combination at the Compensation Committee’s discretion); granted under the 2022 Long-Term Incentive Stock Plan (LTISP).
  • F2 — The 7.322 amount represents dividend equivalent rights credited after the company’s quarterly cash dividend; the number is calculated by dividing the dividend payment on the RSRs by the closing stock price on the dividend date.

Context
This is a compensation-related award (dividend equivalents on restricted stock rights), not an open-market purchase or sale. Such awards are routine forms of executive compensation and do not necessarily signal a change in the insider’s market view.