4//SEC Filing
Hardesty Michael A 4
Accession 0001628280-25-006859
CIK 0001133421other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 5:16 PM ET
Size
19.9 KB
Accession
0001628280-25-006859
Insider Transaction Report
Form 4
Hardesty Michael A
Corp VP, Controller & CAO
Transactions
- Exercise/Conversion
Common Stock
2025-02-18+1,536.52→ 4,663.65 total - Tax Payment
Common Stock
2025-02-18$441.36/sh−463$204,350→ 4,200.65 total - Exercise/Conversion
Common Stock
2025-02-18+655→ 4,855.65 total - Tax Payment
Common Stock
2025-02-18$441.36/sh−209$92,244→ 4,646.65 total - Award
Restricted Performance Stock Rights
2025-02-18+1,325.52→ 5,136.52 total→ Common Stock (1,325.52 underlying) - Award
Restricted Stock Rights
2025-02-18+561→ 2,308 total→ Common Stock (561 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2025-02-18−1,536.52→ 3,600 total→ Common Stock (1,536.52 underlying) - Exercise/Conversion
Restricted Stock Rights
2025-02-18−655→ 1,653 total→ Common Stock (655 underlying)
Footnotes (8)
- [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. Grants awarded pursuant to Rule 16b-3(d).
- [F2]The RPSRs acquired include (i) 100.52 vested RPSRs with respect to the measurement period ended 12/31/24 acquired due to settlement of the RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("2011 LTISP") on 2/15/22 that resulted in settlement at 107% of the target award; and (ii) 1,225 unvested RPSRs granted under the 2024 Long-Term Incentive Stock Plan (the "2024 LTISP") on 2/18/25 with a measurement period ending on 12/31/27. A total of 1,536.52 shares were issued in settlement of the 2022 RPSRs with a measurement period that ended 12/31/24, and the target award amount of 1,436 RPSRs was previously reported in connection with the grant of the 2022 RPSRs.
- [F3]Total amount includes (i) 1,536.52 vested RPSRs granted under the 2011 LTISP on 2/15/22 with a measurement period ended on 12/31/24; (ii) 1,167 RPSRs granted under the 2011 LTISP on 2/16/23 with a measurement period ending on 12/31/25; (iii) 1,208 RPSRs granted under the 2011 LTISP on 2/14/24 with a measurement period ending on 12/31/26; and (iv) 1,225 RPSRs granted under the 2024 LTISP on 2/18/25 with a measurement period ending on 12/31/27.
- [F4]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.
- [F5]The RSRs were granted under the 2024 LTISP on 2/18/2025 and will vest on 2/18/2028.
- [F6]Total amount includes (i) 655 RSRs granted under the 2011 LTISP on 2/15/22 that vested on 2/18/25; (ii) 538 RSRs granted under the 2011 LTISP on 2/16/23 that will vest on 2/17/26; (iii) 554 RSRs granted under the 2011 LTISP on 2/14/24 that will vest on 2/16/27; and (iv) 561 RSRs granted under 2024 LTISP on 2/18/25 that will vest on 2/18/28.
- [F7]Total amount includes (i) 1,167 RPSRs granted under the 2011 LTISP on 2/16/23 with a measurement period ending on 12/31/25; (ii) 1,208 RPSRs granted under the 2011 LTISP on 2/14/24 with a measurement period ending on 12/31/26; and (iii) 1,225 RPSRs granted under the 2024 LTISP on 2/18/25 with a measurement period ending on 12/31/27.
- [F8]Shares issued upon vesting of RSRs granted under the 2011 LTISP on 2/15/22 that vested on 2/18/25.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001569355
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 5:16 PM ET
- Size
- 19.9 KB