Chewning Eric D. 4
4 · HUNTINGTON INGALLS INDUSTRIES, INC. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
HII EVP Eric Chewning Receives 10.26 Dividend-Equivalent Shares
What Happened
Eric D. Chewning, EVP, Maritime Systems & Corporate Strategy at Huntington Ingalls Industries (HII), was credited with 10.26 dividend-equivalent restricted stock rights on June 12, 2026. The Form 4 reports this as an award/acquisition (derivative) at $0.00 per share (total reported value $0). The underlying instrument is a Restricted Stock Right (RSR) granted under HII’s 2022 Long-Term Incentive Stock Plan (LTISP).
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-15 (filing appears timely).
- Transaction type/code: A (award/acquisition) — derivative/security-based grant.
- Amount: 10.26 dividend-equivalent rights; price: $0.00; reported total value: $0.
- Shares owned after transaction: not specified in the excerpt provided.
- Footnotes:
- F1 — Each RSR is a contingent right to receive an equivalent number of common shares (or cash/combination at the committee’s discretion); RSRs vest in three equal annual installments from grant date.
- F2 — The 10.26 reflects dividend-equivalent rights credited following the company’s quarterly cash dividend; the number is calculated by dividing the aggregate dividend on the RSRs by the closing stock price on the dividend payment date.
- No tax-withholding or sale noted in this filing.
Context
This was not a purchase or sale of open-market shares but a dividend-equivalent credit to existing long-term incentive awards. Such credits are routine administrative adjustments tied to dividend payments and do not necessarily indicate insider buying or selling sentiment.
Insider Transaction Report
- Award
Restricted Stock Rights
[F1][F2]2026-06-12+10.26→ 2,223.429 total→ Common Stock (10.26 underlying)
Footnotes (2)
- [F1]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") and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
- [F2]The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend. Pursuant to the LTISP, the number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs held by the reporting person by the closing price of a share of Company common stock on the dividend payment date.