Larson Blake E 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 18, 2021
Insider Transaction Report
Form 4
Larson Blake E
Vice PresidentOther
Transactions
- Exercise/Conversion
Common Stock
2021-02-16+6,974.1→ 13,963.1 total - Exercise/Conversion
Restricted Performance Stock Rights
2021-02-16−6,974.1→ 20,980 total→ Common Stock (6,974.1 underlying) - Tax Payment
Common Stock
2021-02-16−2,700→ 11,263.1 total - Award
Restricted Performance Stock Rights
2021-02-16+7,555.1→ 27,954.1 total→ Common Stock (7,555.1 underlying) - Award
Restricted Stock Rights
2021-02-16+5,108→ 15,181 total→ Common Stock (5,108 underlying)
Footnotes (2)
- [F1]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).
- [F2]Each Restricted Stock Right ("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. The RSRs were granted under the LTISP on 2/16/21. 1,824 of the RSRs will vest on 9/30/21 and 3,284 will vest on 2/16/24.