Sheila C. Cheston - Feb 13, 2023 Form 4 Insider Report for NORTHROP GRUMMAN CORP /DE/ (NOC)

Role
Corp. VP & General Counsel
Signature
/s/ Jennifer C. McGarey, Attorney-in-Fact
Stock symbol
NOC
Transactions as of
Feb 13, 2023
Transactions value $
-$1,544,365
Form type
4
Date filed
2/15/2023, 03:56 PM
Previous filing
Aug 11, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOC Common Stock Options Exercise $0 +2.21K +8.7% $0.00 27.6K Feb 13, 2023 Direct
transaction NOC Common Stock Tax liability -$353K -760 -2.76% $464.28 26.8K Feb 13, 2023 Direct
transaction NOC Common Stock Sale -$1.19M -2.55K -9.51% $467.81 24.2K Feb 13, 2023 Direct F1

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 -2.21K -30.72% $0.00 4.98K Feb 13, 2023 Common Stock 2.21K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 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.
F3 Shares issued upon vesting of RSRs granted under the Long-Term Incentive Stock Plan ("LTISP") on 2/12/20 that vested on 2/13/23.