Kara R. Wilkinson - Sep 13, 2024 Form 4 Insider Report for HUNTINGTON INGALLS INDUSTRIES, INC. (HII)

Signature
/s/ Tiffany M. King, Attorney-in-Fact
Stock symbol
HII
Transactions as of
Sep 13, 2024
Transactions value $
$0
Form type
4
Date filed
9/16/2024, 04:29 PM
Previous filing
Mar 12, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HII Restricted Stock Rights Award $0 +5.98 +0.5% $0.00 1.21K Sep 13, 2024 Common Stock 5.98 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Company common stock, or, at the discretion of the Company's Compensation Committee, cash or a combination of cash and Company common stock. The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP") on 2/26/24 and vest ratably in three equal installments upon each of the first, second and third anniversaries of the grant date.
F2 The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend. Pursuant to the LTISP, the number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs held by the reporting person by the closing price of a share of Company common stock on the dividend payment date.