Larson Blake E 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Jun 16, 2021
Insider Transaction Report
Form 4
Larson Blake E
Vice PresidentOther
Transactions
- Exercise/Conversion
Common Stock
2021-06-14+2,831→ 14,094.1 total - Award
Restricted Stock Rights
2021-06-14−2,831→ 12,350 total→ Common Stock (2,831 underlying) - Tax Payment
Common Stock
2021-06-14$372.23/sh−1,221$454,493→ 12,873.1 total
Footnotes (3)
- [F1]In accordance with the terms of the 2011 Long-Term Incentive Stock Plan ("LTISP"), because the third anniversary of the grant (June 13, 2021) fell on a weekend, the award shares vested on June 14, 2021, the next business day. The vested award shares were valued based on the Company's closing stock price on June 14, 2021. The shares will be distributed into the participant's account on June 15, 2021.
- [F2]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 6/13/2018 that vested on 6/14/2021.
- [F3]Each 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.