Huntington Ingalls (HII) EVP Eric Chewning Receives 10.971 RSR Dividend Award

What Happened

• Eric D. Chewning, EVP, Maritime Systems & Corporate Strategy at Huntington Ingalls Industries, received 10.971 Restricted Stock Rights (RSRs) on 2026-09-11. The Form 4 reports an acquisition (code A) of 10.971 RSRs at $0.00 (derivative), with total reported value $0.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-14 (timely).
• Reported amount: 10.971 RSRs; reported price: $0.00; reported value: $0 (derivative award).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes: F1—Each RSR is a contingent right to receive an equivalent number of common shares (or cash/combination) and vests in three equal annual installments. F2—The 10.971 amount represents dividend equivalent rights credited after the company’s quarterly cash dividend; the number is calculated by dividing the dividend paid on the RSRs by the closing stock price on the dividend payment date.
• Transaction code: A = Award/Grant (derivative-based credit of dividend equivalents).

Context

• These were dividend-equivalent RSR credits, not a market purchase or sale. No cash changed hands at the time of credit; RSRs convert to shares (or cash) only as specified by the LTISP and vest over time. Such derivative awards are routine compensation mechanics and do not necessarily indicate an insider buying or selling stock.