Bedingfield Kenneth L 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 14, 2020
Insider Transaction Report
Form 4
Bedingfield Kenneth L
Corp VP, Controller & CAO
Transactions
- Exercise/Conversion
Common Stock
2020-02-12+11,797.66→ 47,191.48 total - Tax Payment
Common Stock
2020-02-12−5,295→ 41,896.48 total - Award
Restricted Performance Stock Rights
2020-02-12+1,883.66→ 27,796.66 total→ Common Stock (1,883.66 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2020-02-12−11,797.66→ 15,999 total→ Common Stock (11,797.66 underlying)
Footnotes (6)
- [F1]Shares expected to be issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/17/17 with a valuation of performance measurement period ("measurement period") that ended 12/31/19. RPSRs to be settled at 119% of target. The shares are anticipated to be distributed into the participant's account on February 14, 2020.
- [F2]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e)
- [F3]Each 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).
- [F4]These vested RPSRs were acquired with respect to the measurement period ended 12/31/19 due to settlement of the 2017 RPSRs held at 119% of the target award.
- [F5]Total amount includes 11,797.66 vested RPSRs granted under the LTISP on 2/17/17 with a measurement period ended on 12/31/19; 9,038 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; and 6,961 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20.
- [F6]Total amount includes 9,038 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; and 6,961 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20.