Mary D. Petryszyn - 16 Feb 2023 Form 4 Insider Report for NORTHROP GRUMMAN CORP /DE/ (NOC)

Signature
/s/ Jennifer C. McGarey, Attorney-in-Fact
Issuer symbol
NOC
Transactions as of
16 Feb 2023
Net transactions value
-$1,702,716
Form type
4
Filing time
21 Feb 2023, 15:50:36 UTC
Previous filing
17 Feb 2023
Next filing
05 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOC Common Stock Options Exercise $0 +8,112 +100% $0.000000 16,251 16 Feb 2023 Direct
transaction NOC Common Stock Tax liability $1,702,716 -3,659 -23% $465.35 12,592 16 Feb 2023 Direct

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 +2,103 +11% $0.000000 20,716 16 Feb 2023 Common Stock 2,103 Direct F1, F2
transaction NOC Restricted Performance Stock Rights Options Exercise $0 -8,112 -39% $0.000000 12,604 16 Feb 2023 Common Stock 8,112 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mary D. Petryszyn is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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. Grants awarded pursuant to Rule 16b-3(d).
F2 The RPSRs acquired are vested RPSRs with respect to the measurement period ended 12/31/22 acquired due to settlement of the RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/12/20 that resulted in settlement at 135% of the target award. A total of 8,112.15 shares were issued in settlement of the 2020 RPSRs with a measurement period that ended 12/31/22, and the target award amount of 6,009 RPSRs was previously reported in connection with the grant of the 2020 RPSRs.