REMINDER: HII Insider Trading Policy
Published July 6, 2022
The Business Management Division reminds Newport News Shipbuilding employees of HII’s policy on insider trading. The policy states that federal securities laws prohibit trading of a public company’s stock or other securities (such as bonds or stock options) while in possession of material nonpublic information.
This restriction includes increasing or decreasing an HII stock position in retirement or 401(k) accounts. Material nonpublic information is defined as any information not available to the general public that could affect the price of the security and that a reasonable investor would consider important in deciding to purchase, sell or hold securities of the company in question.
Insider trading can result in substantial civil and criminal penalties, including civil fines of up to three times the profit gained or loss avoided and a criminal fine of up to $5 million. Individuals may also face a substantial jail sentence.
For more details, including information on transactions that are not subject to insider trading restrictions, read Corporate Policy A11 – Insider Trading. For questions about the policy or whether you possess material nonpublic information, contact the Law Department (O16/N358) prior to executing any HII stock transaction.