Antkowiak Patrick M. 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 21, 2019
Insider Transaction Report
Form 4
Antkowiak Patrick M.
Corp VP & CTO
Transactions
- Tax Payment
Common Stock
2019-02-19$287.35/sh−784$225,282→ 8,908.37 total - Exercise/Conversion
Common Stock
2019-02-19+1,648→ 9,692.37 total - Exercise/Conversion
Restricted Stock Rights
2019-02-19−1,648→ 3,273 total→ Common Stock (1,648 underlying)
Footnotes (5)
- [F1]In accordance with the terms of the 2011 Long-Term Incentive Stock Plan ("LTISP"), because the third anniversary of the grant (February 17, 2019) fell on a weekend, the award shares vested on February 19, 2019, the next business day. The vested award shares were valued based on the Company's closing stock price on February 19, 2019. The shares will be distributed into the participant's account on February 20, 2019.
- [F2]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 2/17/16 that vested on 2/19/19.
- [F3]Shares surrendered to issuer in payment of tax liability in connection with vesting of RSRs in accordance with Rule 16b-3(e).
- [F4]Each RSR represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the election of the Issuer's Compensation Committee, cash or a combination of cash and Issuer common stock.
- [F5]Total amount includes 1,094 RSRs granted under the LTISP on 2/13/19 that will vest on 2/13/22; 903 RSRs granted under the LTISP on 2/13/18 that will vest on 2/13/21; and 1,276 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20.