Grady Christopher W. 4
Research Summary
AI-generated summary
Northrop Grumman Director Christopher W. Grady Receives 71-Share Award
What Happened
- Christopher W. Grady, a director of Northrop Grumman (NOC), was granted/acquired 71 shares (recorded as stock units) on 2026-02-12 at a per-share value of $695.06, totaling $49,349. This transaction is reported as an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-12; Form 4 filed: 2026-02-19 (filing appears late vs. the typical 2-business-day deadline).
- Price/value: 71 shares × $695.06 = $49,349.
- Nature of award: Shares were deferred into a stock unit account under the Northrop Grumman 2024 Long-Term Incentive Stock Plan (the "Plan") and are exempt under Rule 16b-3 (see footnote F1).
- Shares held following the transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = shares deferred into a stock unit account pursuant to the Plan (exempt under Rule 16b-3). F2 = represents shares held in a stock unit account pursuant to the Plan.
Context
- This was a compensation-related award (deferred stock units) rather than a market purchase or sale; such awards are common for directors and reflect routine equity compensation, not a direct market sentiment signal. The Rule 16b-3 exemption indicates the grant is part of an approved employee/director plan.