Mark A. Caylor - Dec 6, 2021 Form 4 Insider Report for NORTHROP GRUMMAN CORP /DE/ (NOC)

Role
CVP & Pres, Mission Systems
Signature
/s/ Jennifer C. McGarey, Attorney-in-Fact
Stock symbol
NOC
Transactions as of
Dec 6, 2021
Transactions value $
-$291,168
Form type
4
Date filed
12/8/2021, 04:12 PM
Previous filing
Aug 9, 2021
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOC Common Stock Options Exercise $0 +1.66K +12.74% $0.00 14.6K Dec 6, 2021 Direct F1, F2
transaction NOC Common Stock Tax liability -$291K -800 -5.46% $363.96 13.8K Dec 6, 2021 Direct F1
holding NOC Common Stock 36.9 Dec 6, 2021 Held in Northrop Grumman Savings Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NOC Restricted Stock Rights Options Exercise $0 -1.66K -14.63% $0.00 9.66K Dec 6, 2021 Common Stock 1.66K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the terms of the 2011 Long-Term Incentive Stock Plan ("LTISP"), because the third anniversary of the grant (December 4, 2021) fell on a weekend, the award shares vested on December 6, 2021, the next business day. The vested award shares were valued based on the Company's closing stock price on December 6, 2021. The shares were distributed into the participant's account on December 7, 2021.
F2 Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 12/4/2018 that vested on 12/6/2021.
F3 Held in the Northrop Grumman Savings Plan (the Plan), a qualified defined contribution plan, as of December 6, 2021. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a change in units attributable to an individual though no acquisition or disposition occurred.
F4 Each 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.