Ann M. Addison - 15 Feb 2022 Form 4 Insider Report for NORTHROP GRUMMAN CORP /DE/ (NOC)

Role: Corp VP & Chief HR Officer
Signature: /s/ Jennifer C. McGarey, Attorney-in-Fact
Issuer symbol: NOC
Transactions as of: 15 Feb 2022
Net transactions value: -$831,873
Form type: 4
Filing time: 17 Feb 2022, 15:46:29 UTC
Previous filing: 16 Feb 2022
Next filing: 15 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NOC	Common Stock	Options Exercise	$0	+5,041	+93%	$0.000000	10,453	15 Feb 2022	Direct
transaction	NOC	Common Stock	Tax liability	$831,873	-2,162	-21%	$384.77	8,291	15 Feb 2022	Direct
holding	NOC	Common Stock						202	15 Feb 2022	Held in Northrop Grumman Savings Plan	F1

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	NOC	Restricted Stock Rights	Award	$0	+1,638	+47%	$0.000000	5,135	15 Feb 2022	Common Stock	1,638		Direct	F2
transaction	NOC	Restricted Performance Stock Rights	Award	$0	+4,496	+37%	$0.000000	16,567	15 Feb 2022	Common Stock	4,496		Direct	F3, F4
transaction	NOC	Restricted Performance Stock Rights	Options Exercise	$0	-5,041	-30%	$0.000000	11,526	15 Feb 2022	Common Stock	5,041		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Held in the Northrop Grumman Savings Plan (the Plan), a qualified defined contribution plan, as of February 15, 2022. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a change in units attributable to an individual though no acquisition or disposition occurred.
F2	Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares in Issuer common stock, or, at the election of the Issuer's Compensation Committee, cash or a combination of cash and Issuer common stock. The RSRs were granted under the Long-Term Incentive Stock Plan ("LTISP") on 2/15/22 and will vest on 2/18/25.
F3	Each Restricted Performance Stock Right ("RPSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the Issuer's election, cash or a combination of cash and Issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
F4	The RPSRs acquired include (i) 909 vested RPSRs with respect to the measurement period ended 12/31/21 acquired due to settlement of the RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/13/19 that resulted in settlement at 122% of the target award; and (ii) 3,587 unvested RPSRs granted under the LTISP on 2/15/22 with a measurement period ending on 12/31/24. A total of 5,041.04 shares were issued in settlement of the 2019 RPSRs with a measurement period that ended 12/31/21, and the target award amount of 4,132 RPSRs was previously reported in connection with the grant of the 2019 RPSRs.