Larson Blake E 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Jan 3, 2020
Insider Transaction Report
Form 4
Larson Blake E
Vice PresidentOther
Transactions
- Tax Payment
Common Stock
2019-12-31$343.97/sh−2,112$726,465→ 6,989 total - Exercise/Conversion
Common Stock
2019-12-31+5,505→ 9,101 total - Exercise/Conversion
Restricted Stock Rights
2019-12-31−5,505→ 6,114 total→ Common Stock (5,505 underlying)
Footnotes (4)
- [F1]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 6/13/18 that vested on 12/31/19.
- [F2]Shares surrendered to issuer in payment of tax liability in connection with vesting of RSRs in accordance with Rule 16b-3(e).
- [F3]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.
- [F4]Total amount includes 2,831 RSRs granted under the LTISP on 6/13/18 that will vest on 6/13/21; and 3,283 RSRs granted under the LTISP on 2/13/19 that will vest on 2/13/22.