Thomas L. Wilson Jr - Feb 16, 2023 Form 4 Insider Report for NORTHROP GRUMMAN CORP /DE/ (NOC)

Signature
Jennifer C. McGarey
Stock symbol
NOC
Transactions as of
Feb 16, 2023
Transactions value $
-$154,031
Form type
4
Date filed
2/21/2023, 03:57 PM
Previous filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOC Common Stock Options Exercise $0 +1.05K +45.87% $0.00 3.33K Feb 16, 2023 Direct
transaction NOC Common Stock Tax liability -$154K -331 -9.94% $465.35 3K Feb 16, 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 Stock Rights Award $0 +2.15K +76.5% $0.00 4.97K Feb 16, 2023 Common Stock 2.15K Direct F1
transaction NOC Restricted Performance Stock Rights Award $0 +5.05K +74.02% $0.00 11.9K Feb 16, 2023 Common Stock 5.05K Direct F2, F3
transaction NOC Restricted Performance Stock Rights Options Exercise $0 -1.05K -8.82% $0.00 10.8K Feb 16, 2023 Common Stock 1.05K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 2/16/23 and will vest on 2/17/26.
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 The RPSRs acquired include (i) 384.54 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 158% of the target award; and (ii) 4,669 unvested RPSRs granted under the LTISP on 2/16/23 with a measurement period ending on 12/31/25. A total of 1,047.54 shares were issued in settlement of the 2020 RPSRs with a measurement period that ended 12/31/22, and the target award amount of 663 RPSRs was previously reported in connection with the grant of the 2020 RPSRs.