Blanchette Brian D. 4

What Happened Brian D. Blanchette, former Vice President and President of Ingalls (a division of Huntington Ingalls Industries), was granted 9.779 Restricted Stock Rights (RSRs) on 2026-03-13. The filing lists the acquisition type as an award/grant (Code A) and the per‑share price recorded as $0.00 because these are derivative rights (dividend equivalents), not a cash purchase of common stock.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-16 (Accession 0002049633-26-000008).
• Shares/rights acquired: 9.779 RSRs; price shown: $0.00; total reported cash value: $0 (derivative instrument).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F1: Each RSR is a contingent right to receive an equivalent number of common shares (or, at the Compensation Committee’s discretion, cash or a mix of cash and stock) under the 2022 Long‑Term Incentive Stock Plan (LTISP).
• Footnote F2: The 9.779 amount represents dividend equivalent rights credited on the RSRs after 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.

Context This was not an open‑market purchase or sale of common stock but a derivative award tied to existing RSRs (dividend equivalents). Such credits are routine plan adjustments following dividend payments and do not necessarily signal a change in insider sentiment.