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

Role: CVP and Pres. Space Systems
Signature: Jennifer C. McGarey
Issuer symbol: NOC
Transactions as of: 16 Feb 2023
Net transactions value: -$154,031
Form type: 4
Filing time: 21 Feb 2023, 15:57:48 UTC
Previous 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	+1,048	+46%	$0.000000	3,331	16 Feb 2023	Direct
transaction	NOC	Common Stock	Tax liability	$154,031	-331	-9.9%	$465.35	3,000	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 Stock Rights	Award	$0	+2,152	+77%	$0.000000	4,965	16 Feb 2023	Common Stock	2,152		Direct	F1
transaction	NOC	Restricted Performance Stock Rights	Award	$0	+5,054	+74%	$0.000000	11,881	16 Feb 2023	Common Stock	5,054		Direct	F2, F3
transaction	NOC	Restricted Performance Stock Rights	Options Exercise	$0	-1,048	-8.8%	$0.000000	10,833	16 Feb 2023	Common Stock	1,048		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.