Faller Craig S. 4
Research Summary
AI-generated summary
Huntington Ingalls (HII) Director Craig Faller Receives 8.645 Shares
What Happened
- Craig S. Faller, a director of Huntington Ingalls Industries (HII), was credited with 8.645 shares on 2026-06-12 as an award/acquisition (transaction code A). The shares were recorded at $0.00 per share (total value $0), reflecting dividend equivalents credited to director stock units rather than a cash purchase.
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-15.
- Transaction type/code: Award/Acquisition (A).
- Shares involved: 8.645 shares; price reported: $0.00; total value shown: $0.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote: Dividend equivalents are credited on director stock units (SUAs) under the 2012 and 2022 LTISPs. Each SUA equals a right to one share; the number of dividend-equivalent shares is calculated by dividing the dividend paid on SUAs by the closing stock price on the dividend payment date. SUAs generally become payable within 30 days after a non-employee director leaves the board.
Context
- This is a routine non-cash award of dividend equivalents to a non-employee director, not a market purchase or sale, and therefore does not, by itself, imply a change in the director’s market conviction.