Wilson Thomas L Jr 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 21, 2023
Insider Transaction Report
Form 4
Wilson Thomas L Jr
CVP and Pres. Space Systems
Transactions
- Exercise/Conversion
Common Stock
2023-02-16+1,047.54→ 3,331.12 total - Tax Payment
Common Stock
2023-02-16$465.35/sh−331$154,031→ 3,000.12 total - Exercise/Conversion
Restricted Performance Stock Rights
2023-02-16−1,047.54→ 10,833 total→ Common Stock (1,047.54 underlying) - Award
Restricted Stock Rights
2023-02-16+2,152→ 4,965 total→ Common Stock (2,152 underlying) - Award
Restricted Performance Stock Rights
2023-02-16+5,053.54→ 11,880.54 total→ Common Stock (5,053.54 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 2/16/23 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) 384.54 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 158% of the target award; and (ii) 4,669 unvested RPSRs granted under the LTISP on 2/16/23 with a measurement period ending on 12/31/25. A total of 1,047.54 shares were issued in settlement of the 2020 RPSRs with a measurement period that ended 12/31/22, and the target award amount of 663 RPSRs was previously reported in connection with the grant of the 2020 RPSRs.