Matthew Fox Bromberg - 04 May 2022 Form 4 Insider Report for NORTHROP GRUMMAN CORP /DE/ (NOC)

Signature
/s/ Jennifer C. McGarey, Attorney-in-Fact
Issuer symbol
NOC
Transactions as of
04 May 2022
Net transactions value
$0
Form type
4
Filing time
06 May 2022, 17:17:51 UTC
Previous filing
17 Feb 2022
Next filing
21 Feb 2023

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 +3,366 $0.000000 3,366 04 May 2022 Common Stock 3,366 Direct F1
transaction NOC Restricted Stock Rights Award $0 +6,550 $0.000000 6,550 04 May 2022 Common Stock 6,550 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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. The RPSRs were granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 5/4/22 with a measurement period ending on 12/31/24. Grants awarded pursuant to Rule 16b-3(d).
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 LTISP on 5/4/22. 2,720 of the RSRs will vest on 5/4/23, 2,266 will vest on 5/6/24 and 1,564 will vest on 5/5/25.