Bromberg Matthew Fox 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed May 6, 2022
Insider Transaction Report
Form 4
Bromberg Matthew Fox
CVP, Global Operations
Transactions
- Award
Restricted Performance Stock Rights
2022-05-04+3,366→ 3,366 total→ Common Stock (3,366 underlying) - Award
Restricted Stock Rights
2022-05-04+6,550→ 6,550 total→ Common Stock (6,550 underlying)
Footnotes (2)
- [F1]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. The RPSRs were granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 5/4/22 with a measurement period ending on 12/31/24. 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 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 LTISP on 5/4/22. 2,720 of the RSRs will vest on 5/4/23, 2,266 will vest on 5/6/24 and 1,564 will vest on 5/5/25.