WELSH MARK A III 4

What Happened

• Mark A. Welsh III, a director of Northrop Grumman (NOC), received an award of 349 shares on 2026-05-20 as an acquisition under the company’s 2024 Long-Term Incentive Stock Plan. The reported grant was priced at $552.17 per share for a total value of about $192,707. This was an award/deferred grant into a stock unit account (not an open-market purchase).

Key Details

• Transaction date and type: 2026-05-20 — Award/Grant (code A).
• Price and value: 349 shares at $552.17 each; total ~$192,707.
• Shares owned after transaction: 4,819 total (349 newly awarded + 488 direct shares + 3,982 shares/stock units per footnote).
• Footnotes: F1 notes the shares were deferred into a stock unit account under the 2024 LTIP and exempt under Rule 16b-3; F2 clarifies the post-transaction total includes 488 direct shares and 3,982 shares (including dividends) held as stock units under the 2024 and 2011 plans. Dividends credited to the stock unit account were exempt from Section 16 and not reportable under Rule 16a-11.
• Filing timeliness: Report filed 2026-05-21 covering the 2026-05-20 transaction (filed the next day).

Context

• This transaction is a company award/deferred stock grant rather than an open-market purchase or sale. Deferred stock units typically reflect long-term compensation and vesting arrangements; they do not necessarily indicate immediate buying or selling intent.