4//SEC Filing
Ryan Lucy C 4
Accession 0001628280-22-003039
CIK 0001133421other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:42 PM ET
Size
13.5 KB
Accession
0001628280-22-003039
Insider Transaction Report
Form 4
Ryan Lucy C
Corp VP, Communications
Transactions
- Exercise/Conversion
Common Stock
2022-02-15+1,891→ 3,788.44 total - Tax Payment
Common Stock
2022-02-15$384.77/sh−570$219,319→ 3,218.44 total - Award
Restricted Performance Stock Rights
2022-02-15+1,417→ 5,614 total→ Common Stock (1,417 underlying) - Award
Restricted Stock Rights
2022-02-15+491→ 1,657 total→ Common Stock (491 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2022-02-15−1,891→ 3,723 total→ Common Stock (1,891 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Right ("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. The RSRs were granted under the Long-Term Incentive Stock Plan ("LTISP") on 2/15/22 and will vest on 2/18/25.
- [F2]Each Restricted Performance Stock Right ("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).
- [F3]The RPSRs acquired include (i) 341 vested RPSRs with respect to the measurement period ended 12/31/21 acquired due to settlement of the RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/13/19 that resulted in settlement at 122% of the target award; and (ii) 1,076 unvested RPSRs granted under the LTISP on 2/15/22 with a measurement period ending on 12/31/24. A total of 1,891 shares were issued in settlement of the 2019 RPSRs with a measurement period that ended 12/31/21, and the target award amount of 1,550 RPSRs was previously reported in connection with the grant of the 2019 RPSRs.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001762551
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:42 PM ET
- Size
- 13.5 KB