4//SEC Filing
CHESTON SHEILA C. 4
Accession 0001628280-23-004316
CIK 0001133421other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:27 PM ET
Size
13.6 KB
Accession
0001628280-23-004316
Insider Transaction Report
Form 4
CHESTON SHEILA C.
Corp. VP & General Counsel
Transactions
- Exercise/Conversion
Common Stock
2023-02-16+7,029.45→ 31,278.39 total - Award
Restricted Performance Stock Rights
2023-02-16+5,834.45→ 21,963.45 total→ Common Stock (5,834.45 underlying) - Award
Restricted Stock Rights
2023-02-16+1,849→ 6,825 total→ Common Stock (1,849 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2023-02-16−7,029.45→ 14,934 total→ Common Stock (7,029.45 underlying) - Tax Payment
Common Stock
2023-02-16$465.35/sh−3,396$1,580,329→ 27,882.39 total
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 2/16/23 and will vest on 2/17/26.
- [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) 1,822.45 vested RPSRs with respect to the measurement period ended 12/31/22 acquired due to settlement of the RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/12/20 that resulted in settlement at 135% of the target award; and (ii) 4,012 unvested RPSRs granted under the LTISP on 2/16/23 with a measurement period ending on 12/31/25. A total of 7,029.45 shares were issued in settlement of the 2020 RPSRs with a measurement period that ended 12/31/22, and the target award amount of 5,207 RPSRs was previously reported in connection with the grant of the 2020 RPSRs.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001499087
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:27 PM ET
- Size
- 13.6 KB