HUNTINGTON INGALLS INDUSTRIES, INC.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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Sep 30, 2025 · Filed Oct 30, 2025
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Stock Compensation Plans
- STOCK COMPENSATION PLANS
During the nine months ended September 30, 2025 and 2024, the Company issued new stock awards as follows:
Restricted Performance Stock Rights- For the nine months ended September 30, 2025, the Company granted approximately 0.2 million RPSRs at a weighted average share price of $168.89. These rights are subject to cliff vesting on December 31, 2027. For the nine months ended September 30, 2024, the Company granted approximately 0.1 million RPSRs at a weighted average share price of $288.26. These rights are subject to cliff vesting on December 31, 2026. All of the RPSRs are subject to the achievement of performance-based targets at the end of the respective vesting periods and will ultimately vest between 0% and 200% of grant date value.
Compensation Restricted Stock Rights- For the nine months ended September 30, 2025, the Company granted approximately 0.1 million compensation RSRs at a weighted average share price of $169.78. For the nine months ended September 30, 2024, the Company granted approximately 0.1 million compensation RSRs at a weighted average share price of $287.91. These rights vest 33 1/3% upon each of the first, second, and third anniversaries of the grant date.
Retention Restricted Stock Rights- Retention stock awards are granted to key employees primarily to incentivize continued employment with the Company. For the nine months ended September 30, 2025, the Company granted approximately 1,300 retention RSRs at a weighted average share price of $189.38, with cliff vestingone totwo years from the grant date. For the nine months ended September 30, 2024, the Company granted approximately 2,200 retention RSRs at a weighted average share price of $281.01, with cliff vestingone totwo years from the grant date.
The Company also received transfers of stock awards from employees in satisfaction of tax withholding obligations associated with the vesting of stock awards during the period. Because the stock awards are surrendered in lieu of payments of cash to settle tax obligations and the stock is not issued, the Company does not account for these transfers as treasury stock.
Stock award activity for the nine months ended September 30, 2025, and 2024, was as follows:
| Stock Awards(in thousands) | Weighted-AverageGrant Date FairValue | Weighted-Average Remaining Contractual Term(in years) | |
|---|---|---|---|
| Outstanding at December 31, 2023 | 535 | $189.98 | 1.0 year |
| Granted | 171 | 287.29 | |
| Adjusted due to performance | 58 | 287.29 | |
| Vested | (206) | 181.58 | |
| Forfeited | (12) | 231.76 | |
| Outstanding at September 30, 2024 | 546 | $221.91 | 1.0 year |
| Outstanding at December 31, 2024 | 550 | $221.59 | 1.0 year |
| Granted | 311 | 170.07 | |
| Adjusted due to performance | 19 | 170.07 | |
| Vested | (194) | 215.39 | |
| Forfeited | (25) | 221.83 | |
| Outstanding at September 30, 2025 | 661 | $198.79 | 1.1 years |
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