Shawn N. Purvis - 15 Feb 2022 Form 4 Insider Report for NORTHROP GRUMMAN CORP /DE/ (NOC)

Role
CVP, Pres, Enterprise Svcs
Signature
/s/ Jennifer C. McGarey, Attorney-in-Fact
Issuer symbol
NOC
Transactions as of
15 Feb 2022
Net transactions value
-$954,614
Form type
4
Filing time
17 Feb 2022, 15:58:07 UTC
Previous filing
16 Feb 2022
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 +5,671 +114% $0.000000 10,648 15 Feb 2022 Direct
transaction NOC Common Stock Tax liability $954,614 -2,481 -23% $384.77 8,167 15 Feb 2022 Direct
holding NOC Common Stock 2,572 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 Performance Stock Rights Award $0 +1,023 +8.1% $0.000000 13,610 15 Feb 2022 Common Stock 1,023 Direct F2, F3
transaction NOC Restricted Performance Stock Rights Options Exercise $0 -5,671 -42% $0.000000 7,939 15 Feb 2022 Common Stock 5,671 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Shawn N. Purvis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Held in the Northrop Grumman Savings Plan (the Plan), a qualified defined contributions plan, as of 2/15/22. 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 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).
F3 Vested RPSRs with respect to the measurement period ended 12/31/21 acquired due to settlement of the 2019 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. A total of 5,671 shares were issued in settlement of the 2019 RPSRs with a measurement period that ended 12/31/21, and the target award amount of 4,648 RPSRs was previously reported in connection with the grant of the 2019 RPSRs.