(NOC)

Reporting relationship: Corp. VP & General Counsel
Issuer ticker: NOC
Reported as of: 16 Feb 2023
Net transaction value: -$1,580,329
SEC form: 4
Accepted by SEC: 21 Feb 2023, 15:27:31 UTC
Prior SEC filing: 15 Feb 2023
Next SEC filing: 23 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ Jennifer C. McGarey, Attorney-in-Fact

Key filing fact

Sheila C. Cheston filed Form 4 for NORTHROP GRUMMAN CORP /DE/ (NOC) on 21 Feb 2023.

Key facts

This page summarizes Sheila C. Cheston's Form 4 filing for NORTHROP GRUMMAN CORP /DE/ (NOC).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 21 Feb 2023, 15:27.

Change

Previous filing in this sequence was filed on 15 Feb 2023.
Current net transaction value: -$1,580,329.

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: +7,029
Change %: +29%
Price: $0.000000
Shares after: 31,278
Date: 16 Feb 2023
Ownership: Direct

NOC transaction

Common Stock

Tax liability

Transaction value: $1,580,329
Shares: -3,396
Change %: -11%
Price: $465.35
Shares after: 27,882
Date: 16 Feb 2023
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: +1,849
Change %: +37%
Price: $0.000000
Shares after: 6,825
Date: 16 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,849
Exercise price
Footnotes: F1

NOC transaction Derivative

Restricted Performance Stock Rights

Award

Transaction value: $0
Shares: +5,834
Change %: +36%
Price: $0.000000
Shares after: 21,963
Date: 16 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,834
Exercise price
Footnotes: F2, F3

NOC transaction Derivative

Restricted Performance Stock Rights

Options Exercise

Transaction value: $0
Shares: -7,029
Change %: -32%
Price: $0.000000
Shares after: 14,934
Date: 16 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,029
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 2/16/23 and will vest on 2/17/26.

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) 1,822.45 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; and (ii) 4,012 unvested RPSRs granted under the LTISP on 2/16/23 with a measurement period ending on 12/31/25. A total of 7,029.45 shares were issued in settlement of the 2020 RPSRs with a measurement period that ended 12/31/22, and the target award amount of 5,207 RPSRs was previously reported in connection with the grant of the 2020 RPSRs.