4//SEC Filing
Keffer David F 4
Accession 0001628280-24-005301
CIK 0001133421other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 2:13 PM ET
Size
13.6 KB
Accession
0001628280-24-005301
Insider Transaction Report
Form 4
Keffer David F
CVP & Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Performance Stock Rights
2024-02-14−10,184.43→ 16,363 total→ Common Stock (10,184.43 underlying) - Exercise/Conversion
Common Stock
2024-02-14+10,184.43→ 19,099.98 total - Award
Restricted Performance Stock Rights
2024-02-14+8,623.43→ 26,547.43 total→ Common Stock (8,623.43 underlying) - Tax Payment
Common Stock
2024-02-14$446.37/sh−4,262$1,902,429→ 14,837.98 total - Award
Restricted Stock Rights
2024-02-14+2,598→ 10,789 total→ Common Stock (2,598 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 2/14/24 and will vest on 2/14/27.
- [F2]Each Restricted Performance Stock Rights ("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) 2,961.43 vested RPSRs with respect to the measurement period ended 12/31/23 acquired due to settlement of the RPSRs granted under the LTISP on 2/16/21 that resulted in settlement at 141% of the target award; and (ii) 5,662 unvested RPSRs granted under the LTISP on 2/14/24 with a measurement period ending on 12/31/26. A total of 10,184.43 shares were issued in settlement of the 2021 RPSRs with a measurement period that ended 12/31/23, and the target award amount of 7,223 RPSRs was previously reported in connection with the grant of the 2021 RPSRs.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001659994
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 2:13 PM ET
- Size
- 13.6 KB