WELSH MARK A III 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Northrop Grumman (NOC) Director Mark A. Welsh III Sells Shares
What Happened Mark A. Welsh III, a director of Northrop Grumman Corporation (NOC), sold a total of 95 shares in multiple open‑market transactions on February 2, 2026. The trades were executed in 12 lots (sizes ranged from 2 to 22 shares) at prices between about $676.11 and $689.72, generating proceeds of approximately $65,029 (weighted average sale price ≈ $684.52). These were sales (not purchases), and the filing indicates they were made under a pre‑existing Rule 10b5‑1 trading plan.
Key Details
- Transaction date: February 2, 2026 (Form 4 filed Feb 3, 2026 — appears timely).
- Total sold: 95 shares in 12 open‑market trades; total proceeds ≈ $65,029; weighted avg ≈ $684.52/share.
- Price range reported across lots: roughly $676.11 (low) to $689.72 (high). Footnotes give weighted averages and per‑lot high/low ranges for each group of shares; the filer will provide per‑price breakdown on request.
- Plan note: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted August 23, 2025 (Footnote F1).
- Shares owned after transaction: Not specified in the supplied filing excerpts.
Context
- These are director sales under a 10b5‑1 plan, which typically means trades were pre‑scheduled and do not by themselves indicate a change in the director’s private view of the company.
- For retail investors: purchases by insiders are generally considered more informative than routine sales; this transaction is relatively small (95 shares, ~$65k) for a company of Northrop Grumman’s size.
Insider Transaction Report
Form 4
WELSH MARK A III
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-02-02$676.14/sh−2$1,352→ 4,296 total - Sale
Common Stock
[F1][F3]2026-02-02$677.43/sh−2$1,355→ 4,294 total - Sale
Common Stock
[F1][F4]2026-02-02$680.49/sh−4$2,722→ 4,290 total - Sale
Common Stock
[F1][F5]2026-02-02$681.68/sh−8$5,453→ 4,282 total - Sale
Common Stock
[F1][F6]2026-02-02$682.47/sh−22$15,014→ 4,260 total - Sale
Common Stock
[F1][F7]2026-02-02$683.79/sh−6$4,103→ 4,254 total - Sale
Common Stock
[F1][F8]2026-02-02$684.67/sh−7$4,793→ 4,247 total - Sale
Common Stock
[F1][F9]2026-02-02$685.33/sh−10$6,853→ 4,237 total - Sale
Common Stock
[F1][F10]2026-02-02$686.43/sh−11$7,551→ 4,226 total - Sale
Common Stock
[F1][F11]2026-02-02$687.64/sh−8$5,501→ 4,218 total - Sale
Common Stock
[F1][F12]2026-02-02$688.51/sh−10$6,885→ 4,208 total - Sale
Common Stock
[F1][F13]2026-02-02$689.31/sh−5$3,447→ 4,203 total
Footnotes (13)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2025.
- [F10]Represents the weighted average sale price of $686.43 rounded to the nearest hundredth. The highest price at which the shares were sold was $686.83 and the lowest price at which the shares were sold was $686.10. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F11]Represents the weighted average sale price of $687.64 rounded to the nearest hundredth. The highest price at which the shares were sold was $687.96 and the lowest price at which the shares were sold was $687.04. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F12]Represents the weighted average sale price of $688.51 rounded to the nearest hundredth. The highest price at which the shares were sold was $688.88 and the lowest price at which the shares were sold was $688.08. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F13]Represents the weighted average sale price of $689.31 rounded to the nearest hundredth. The highest price at which the shares were sold was $689.72 and the lowest price at which the shares were sold was $689.01. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F2]Represents the weighted average sale price of $676.14 rounded to the nearest hundredth. The highest price at which the shares were sold was $676.17 and the lowest price at which the shares were sold was $676.11. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F3]Represents the weighted average sale price of $677.43 rounded to the nearest hundredth. The highest price at which the shares were sold was $677.84 and the lowest price at which the shares were sold was $677.02. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F4]Represents the weighted average sale price of $680.49 rounded to the nearest hundredth. The highest price at which the shares were sold was $680.94 and the lowest price at which the shares were sold was $680.33. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F5]Represents the weighted average sale price of $681.68 rounded to the nearest hundredth. The highest price at which the shares were sold was $681.91 and the lowest price at which the shares were sold was $681.45. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F6]Represents the weighted average sale price of $682.47 rounded to the nearest hundredth. The highest price at which the shares were sold was $682.98 and the lowest price at which the shares were sold was $682.04. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F7]Represents the weighted average sale price of $683.79 rounded to the nearest hundredth. The highest price at which the shares were sold was $683.98 and the lowest price at which the shares were sold was $683.62. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F8]Represents the weighted average sale price of $684.67 rounded to the nearest hundredth. The highest price at which the shares were sold was $684.92 and the lowest price at which the shares were sold was $684.14. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
- [F9]Represents the weighted average sale price of $685.33 rounded to the nearest hundredth. The highest price at which the shares were sold was $685.76 and the lowest price at which the shares were sold was $685.00. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
Signature
/s/ Jennifer C. McGarey, Attorney-in-Fact|2026-02-03