4//SEC Filing
Hardesty Michael A 4
Accession 0001628280-24-005300
CIK 0001133421other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 2:10 PM ET
Size
13.6 KB
Accession
0001628280-24-005300
Insider Transaction Report
Form 4
Hardesty Michael A
Corp VP, Controller & CAO
Transactions
- Award
Restricted Performance Stock Rights
2024-02-14+1,899.26→ 6,188.26 total→ Common Stock (1,899.26 underlying) - Exercise/Conversion
Common Stock
2024-02-14+2,377.26→ 5,419.13 total - Tax Payment
Common Stock
2024-02-14$446.37/sh−747$333,438→ 4,672.13 total - Exercise/Conversion
Restricted Performance Stock Rights
2024-02-14−2,377.26→ 3,811 total→ Common Stock (2,377.26 underlying) - Award
Restricted Stock Rights
2024-02-14+554→ 2,513 total→ Common Stock (554 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares in 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 Long-Term Incentive Stock Plan ("LTISP") on 2/14/24 and will vest on 2/14/27.
- [F2]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).
- [F3]The RPSRs acquired include (i) 691.26 vested RPSRs with respect to the measurement period ended 12/31/23 acquired due to settlement of the RPSRs granted under the LTISP on 2/16/21 that resulted in settlement at 141% of the target award; and (ii) 1,208 unvested RPSRs granted under the LTISP on 2/14/24 with a measurement period ending on 12/31/26. A total of 2,377.26 shares were issued in settlement of the 2021 RPSRs with a measurement period that ended 12/31/23, and the target award amount of 1,686 RPSRs was previously reported in connection with the grant of the 2021 RPSRs.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001569355
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 2:10 PM ET
- Size
- 13.6 KB