Northrop Grumman (NOC) CEO Kathy J. Warden Receives 35,910 MSUs

What Happened
Kathy J. Warden, Chair, CEO and President of Northrop Grumman (NOC), was granted 35,910 Market Stock Units (MSUs) on August 19, 2026. The grant is reported as an award (derivative acquisition) with a reported price of $0.00 (no immediate cash value reported). This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-19 (Form 4 filed 2026-08-21).
• Transaction type/code: Award/Grant (A); reported as a derivative acquisition at $0.00.
• Quantity: 35,910 MSUs granted (target number reported).
• Shares owned after transaction: Not specified in this filing.
• Footnote: Each MSU is a contingent right to receive 0%–150% of one share upon vesting, dependent on Northrop Grumman's stock price performance through the performance period ending 12/31/2031 (see footnote F1). No payout if stock declines >25%; target (100%) payout at +10% appreciation; max (150%) at +50% appreciation or more. Grant awarded pursuant to Rule 16b-3(d).
• Filing timeliness: Filed within the normal two-business-day window (not flagged as late).

Context
MSUs are performance-based, derivative awards that may convert into shares (or value) only after vesting and satisfaction of performance metrics; they do not represent immediate share purchases or sales. Such awards are routine elements of executive compensation and reflect long-term pay structure rather than an insider buying or selling stock today.