NORTHROP GRUMMAN CORP /DE/·4

Jul 1, 2:41 PM ET

Brown Marianne Catherine 4

Research Summary

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Northrop Grumman (NOC) Director Marianne C. Brown Receives 91-Share Award

What Happened

  • Marianne C. Brown, a director of Northrop Grumman (NOC), was granted 91 shares on 2026-06-30 at a reported per-share value of $509.31, a total value of approximately $46,347. The transaction is coded "A" (award/grant) and represents shares deferred into a stock unit account under the Northrop Grumman 2024 Long-Term Incentive Stock Plan.

Key Details

  • Transaction date and terms: 2026-06-30; 91 shares @ $509.31 each; total ≈ $46,347.
  • Filing date: Form 4 filed 2026-07-01 (timely filing relative to the 06-30 transaction).
  • Shares owned after transaction: not specified in the provided excerpt.
  • Footnotes: F1 — shares were deferred into a stock unit account pursuant to the 2024 LTIP and the award was exempt under Rule 16b-3. F2 — the stock unit account includes shares and dividends; dividends on those units were exempt from Section 16 and not reportable under Rule 16a-11.
  • Transaction type: Award/grant (not an open-market buy or a sale).

Context

  • This was a compensation award (director equity deferral) rather than a market purchase or option exercise; such grants are common for non-employee directors and are often routine. The Rule 16b-3 exemption and the stock-unit structure mean the award is part of the company’s director compensation program and not a reportable dividend payment.