Blanchette Brian D. 4

What Happened Brian D. Blanchette, former Vice President and President of Ingalls Shipbuilding at Huntington Ingalls Industries (HII), was credited with 13.702 restricted stock rights (RSRs) on 2026-06-12. The award is reported as an acquisition (code A) at $0.00 and represents dividend-equivalent rights tied to previously granted RSRs rather than an open-market purchase of common stock.

Key Details

• Transaction date: 2026-06-12; Form 4 filed: 2026-06-15 (timely filing).
• Transaction type/code: Grant/acquisition (A) of 13.702 RSRs at $0.00 (derivative instrument).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — Each RSR is a contingent right to receive an equivalent number of common shares (or cash/combo) and vests in three equal annual installments under the 2022 LTISP.
  • F2 — The 13.702 RSRs represent dividend-equivalent rights credited after the company’s quarterly cash dividend; the number is calculated by dividing the dividend on the RSRs by the stock’s closing price on the dividend payment date.
• Filing timeliness: Filed within the required SEC window (not marked late).

Context This was a dividend-equivalent credit on existing restricted stock rights (a routine compensation adjustment), not a cash purchase or sale. Dividend-equivalent awards increase the holder’s contingent rights under the long-term incentive plan but do not indicate an immediate acquisition of common shares for trading purposes.