Hung Cao
The data on this page comes from a financial disclosure filed by Hung Cao, who was picked to be: Under Secretary of the Navy, Department of Defense. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| CACI International | $551K | Salary | 1 | ||
| CACI International 401k | 2 | ||||
| T Rowe Price Retire 2035 Target Date Fund | $50,001 - $100K | None (or less than $201) | 2.1 | ||
| "Call Me an American," Republic Book Publishers (value not readily ascertainable) | $5,001 - $15,000 | Rent or Royalties | 3 | ||
| Young America's Foundation - November 16, 2024 | $5,000 | Honorarium | 4 | ||
| CACI International, Inc., anticipated bonus | $50,001 - $100K | None (or less than $201) | 5 | ||
| CACI International, Inc., anticipated severance | $50,001 - $100K | None (or less than $201) | 6 | ||
| CACI International, vested restricted stock units | None (or less than $1,001) | $84,172 | cash payment | All vested RSUs have been converted to CACI stock. | 7 |
| CACI International, unvested restricted stock units | $100K - $250K | None (or less than $201) | 8 | ||
| “Audible Easter Egg,” Patent # D/789,241 (value not readily ascertainable) | None (or less than $201) | 9 | |||
| CACI International, Inc. (CACI) | $50,001 - $100K | None (or less than $201) | 10 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| CACI International | My participation in the employee stock purchase plan will cease upon my separation from the firm. This plan currently has no cash or other assets. (2023-06-01) | 1 | |
| CACI International | I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. (2021-10-01) | 2 | |
| CACI International | Pursuant to company policy, following my termination, I will receive a bonus for services rendered in fiscal year 2025 that started in June 2024, which, if I terminate prior to the end of the fiscal year, will be pro-rated to reflect my work prior to accepting government employment. If I am still employed by CACI when fiscal year 2026 starts in June 2025, I also will be eligible for a pro-rated bonus for fiscal year 2026 for work I perform through my date of termination. This bonus will be paid after assuming the duties of the position of Under Secretary, but will be based solely on work completed before government employment. (2021-10-01) | 3 | |
| CACI International | Pursuant to the company’s restricted stock unit plan, I will forfeit my unvested restricted stock units upon my separation from the firm. (2023-01-01) | 4 | |
| CACI International | Pursuant to CACI policy for departing executives, I will receive a lump sum severance payment within 30 days of my separation from the firm. (2021-10-01) | 5 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
| Organization | Description | Endnote | Line No. |
|---|---|---|---|
| CACI International | Vice President, Navy and Marine Corps | 1 |
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| "Call Me an American," Republic Book Publishers (value not readily ascertainable) | $15,001 - $50,000 | Rent or Royalties | 1 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
Transactions
Officials are required to disclose the purchase, sale or exchange of property or securities in excess of $1,000. Many top officials are required to file periodic transaction reports (278-T) within 45 days to disclose additional actions. This table combines transactions from regularly scheduled financial disclosures and periodic transaction reports. If the same transaction appears on multiple reports, we’re only showing it once. (Form 278e, Part 7 and Form 278-T)
| Description | Value | Transaction | Endnote | Line No. |
|---|---|---|---|---|
| CACI International, Inc. (CACI) See Endnote | $50,001 - $100K | Sale, 2026-01-12
 | Sale of stock units in accordance with OGE ethics agreement. | 1 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| Navy Federal Credit Union | type: Mortgage on Personal Residence, amount: $250,001 - $500,000, year-incurred: 2016, rate: 3.375%, term: 30 year fixed | 1 | |
| Navy Federal Credit Union | type: Mortgage on Personal Residence, amount: $15,001 - $50,000, year-incurred: 2024, rate: 7.75% - Variable, term: On-demand | Home Equity Line of Credit | 2 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
