Keffer David F 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 18, 2021
Insider Transaction Report
Form 4
Keffer David F
CVP & Chief Financial Officer
Transactions
- Award
Restricted Performance Stock Rights
2021-02-16+7,223→ 15,976 total→ Common Stock (7,223 underlying) - Award
Restricted Stock Rights
2021-02-16+3,284→ 7,131 total→ Common Stock (3,284 underlying)
Footnotes (6)
- [F1]Each RPSR represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the Issuer's election, cash or a combination of cash and Issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F2]These unvested RPSRs were granted under the Long-Term Incentive Stock Plan (LTISP) on 2/16/21 with a measurement period ending on 12/31/23.
- [F3]Each Restricted Performance Stock Right (RPSR) represents a contingent right to receive an equivalent number of shares of issuer common stock or, at the issuer's election, cash or a combination of cash and issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F4]Total amount includes 7,223 RPSRs granted under the LTISP on 2/16/21 with a measurement period ending on 12/31/23; and 8,753 RPSRs granted on 5/5/20 with a measurement period ending on 12/31/22.
- [F5]Each Restricted Stock Right (RSR) represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the election of the Issuer's Compensation Committee, cash or a combination of cash and Issuer common stock. The RSRs were granted under the LTISP on 2/16/21 and will vest on 2/16/24.
- [F6]Total amount includes 3,284 RSRs granted under the LTISP on 2/16/21 that will vest on 2/16/24; and 3,847 RSRs granted under the LTISP on 5/5/20 that will vest on 5/5/23.