(NOC)

Reporting relationship: CVP & Pres Aeronautics Systems
Issuer ticker: NOC
Reported as of: 14 Feb 2024
Net transaction value: -$2,253,033
SEC form: 4
Accepted by SEC: 16 Feb 2024, 14:05:54 UTC
Prior SEC filing: 23 Feb 2023
Next SEC filing: 21 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Jennifer C. McGarey, Attorney-in-Fact

Key filing fact

Thomas H. Jones filed Form 4 for NORTHROP GRUMMAN CORP /DE/ (NOC) on 16 Feb 2024.

Key facts

This page summarizes Thomas H. Jones's Form 4 filing for NORTHROP GRUMMAN CORP /DE/ (NOC).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 16 Feb 2024, 14:05.

Change

Previous filing in this sequence was filed on 23 Feb 2023.
Current net transaction value: -$2,253,033.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NOC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +10,184
Change %: +400%
Price: $0.000000
Shares after: 12,733
Date: 14 Feb 2024
Ownership: Direct

NOC transaction

Common Stock

Tax liability

Transaction value: $2,253,033
Shares: -4,831
Change %: -38%
Price: $466.37
Shares after: 7,902
Date: 14 Feb 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NOC transaction Derivative

Restricted Stock Rights

Award

Transaction value: $0
Shares: +2,356
Change %: +30%
Price: $0.000000
Shares after: 10,249
Date: 14 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,356
Exercise price
Footnotes: F1

NOC transaction Derivative

Restricted Performance Stock Rights

Award

Transaction value: $0
Shares: +8,094
Change %: +47%
Price: $0.000000
Shares after: 25,367
Date: 14 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,094
Exercise price
Footnotes: F2, F3

NOC transaction Derivative

Restricted Performance Stock Rights

Options Exercise

Transaction value: $0
Shares: -10,184
Change %: -40%
Price: $0.000000
Shares after: 15,183
Date: 14 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,184
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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 2/14/24 and will vest on 2/14/27.

Footnote 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).

Footnote F3

The RPSRs acquired include (i) 2,961.43 vested RPSRs with respect to the measurement period ended 12/31/23 acquired due to settlement of the RPSRs granted under the LTISP on 2/16/21 that resulted in settlement at 141% of the target award; and (ii) 5,133 unvested RPSRs granted under the LTISP on 2/14/24 with a measurement period ending on 12/31/26. A total of 10,184.43 shares were issued in settlement of the 2021 RPSRs with a measurement period that ended 12/31/23, and the target award amount of 7,223 RPSRs was previously reported in connection with the grant of the 2021 RPSRs.