Greene John 4

What Happened

• John Greene, Chief Financial Officer of Northrop Grumman (NOC), received a total of 10,343 contingent restricted stock awards on February 11, 2026. The awards consist of 4,981 Restricted Performance Stock Rights (RPSRs) and 5,362 Restricted Stock Rights (RSRs). Each award was reported as acquired at $0.00, indicating they are grants (derivative awards), not purchases.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (appears timely under the two-business-day rule).
• Award breakdown:
  • 4,981 RPSRs (performance-based) with a measurement period ending 12/31/2028.
  • 5,362 RSRs (time-based) comprised of: 2,298 vesting 02/12/2029; 1,532 vesting 02/11/2027; and 1,532 vesting 02/11/2028.
• Price: $0.00 per award (standard for grants); reported as derivative instruments (contingent rights to receive shares or cash).
• Shares owned after transaction: not specified in this Form 4.
• Administrative notes: Grants awarded pursuant to Rule 16b-3(d) (company plan awards).

Context

• RPSRs are performance-contingent: they convert to shares (or cash) only if specified performance metrics are met for the measurement period. RSRs are time-based and vest on the dates above. These grants do not represent immediately tradable shares and do not indicate an immediate cash flow by the insider.