HII Ex‑VP Brian D. Blanchette Receives Restricted Stock Dividend Equivalents

What Happened
Brian D. Blanchette, former Vice President and President of Ingalls (Huntington Ingalls Industries, ticker HII), was credited with 14.65 restricted stock rights (derivative units) on 2026-09-11. The Form 4 shows these as an award/acquisition (code A) of 14.65 units at $0.00 per unit. This was not an open‑market purchase or sale but dividend‑equivalent rights tied to previously granted Restricted Stock Rights (RSRs).

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-14 (timely filing).
• Reported amount: 14.65 RSR dividend‑equivalent rights; price per unit shown as $0.00 (derivative).
• Shares owned after transaction: Not reported on the Form 4.
• Footnotes:
  • The RSRs grant contingent rights to receive shares (or cash/combination) and vest ratably in three equal installments on the first, second and third anniversaries of the grant.
  • The 14.65 amount represents dividend equivalents credited after the company’s quarterly cash dividend; the number is calculated by dividing the total dividend on the RSRs by the closing share price on the dividend payment date.
• Transaction code: A (award/grant); this entry reflects dividend equivalents on an existing long‑term incentive award, not a market trade.

Context: Dividend‑equivalent credits on restricted stock awards are routine corporate compensation adjustments and do not, by themselves, indicate insider buying or selling intent. The units may convert to shares (or cash) per the plan terms when vested or settled.