Northrop Grumman (NOC) director granted 349 shares in stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northrop Grumman director Mary A. Winston reported a compensation-related stock award rather than an open-market trade. She received 349 shares of common stock on May 20, 2026 as a grant or award at $552.17 per share, with the shares deferred into a stock unit account under the Northrop Grumman 2024 Long-Term Incentive Stock Plan in a transaction exempt under Rule 16b-3. After this acquisition, she directly holds 1,609 shares of common stock and indirectly holds 9 shares in an IRA. A footnote explains that her total amount also includes 78 shares of common stock and 1,540 shares of common stock equivalents, including dividends, held in stock unit accounts under current and prior long-term incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WINSTON MARY A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 349 | $552.17 | $193K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,609 shares (Direct, null);
Common Stock — 9 shares (Indirect, Held in IRA)
Footnotes (1)
- Represents shares of common stock deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan (the "Plan") in a transaction exempt pursuant to Rule 16b-3. Amount includes (i) 78 shares of common stock; and (ii) 1,540 shares of common stock, including dividends, held in a stock unit account pursuant to the Plan and the Northrop Grumman 2011 Long-Term Incentive Stock Plan. Dividends earned on shares held in the stock unit account were exempt from Section 16 and not reportable under Rule 16a-11.
Key Figures
Stock grant size: 349 shares
Grant value per share: $552.17/share
Direct holdings after grant: 1,609 shares
+3 more
6 metrics
Stock grant size
349 shares
Grant/award acquisition on May 20, 2026
Grant value per share
$552.17/share
Reported price for 349-share award
Direct holdings after grant
1,609 shares
Common stock held directly following transaction
Indirect IRA holdings
9 shares
Common stock held indirectly in IRA
Stock unit account balance
1,540 shares
Common stock units, including dividends, in plan account
Additional common shares in plans
78 shares
Common stock included in stock unit account total
Key Terms
Rule 16b-3, Section 16, stock unit account, Long-Term Incentive Stock Plan, +1 more
5 terms
Rule 16b-3 regulatory
"in a transaction exempt pursuant to Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Section 16 regulatory
"Dividends earned on shares held in the stock unit account were exempt from Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
stock unit account financial
"deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan"
Long-Term Incentive Stock Plan financial
"pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan"
A long-term incentive stock plan is a company program that pays key employees and executives with company shares or stock-based awards that become theirs only after meeting performance goals or staying with the company for several years. Think of it as a delayed bonus paid in stock that ties pay to future results; investors watch these plans because they influence executive behavior, can dilute existing shares, and affect reported costs and long-term shareholder value.
IRA financial
"nature_of_ownership": "Held in IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What did Northrop Grumman (NOC) director Mary A. Winston report in this Form 4?
Mary A. Winston reported receiving a grant of 349 Northrop Grumman common shares on May 20, 2026. The shares were awarded as compensation and deferred into a stock unit account under the company’s long-term incentive plans, rather than bought on the open market.
Was the Northrop Grumman (NOC) transaction by Mary A. Winston a stock purchase or a grant?
The filing shows a grant or award acquisition, not a market purchase. Code “A” indicates 349 shares were awarded as compensation and deferred into a stock unit account under Northrop Grumman’s 2024 Long-Term Incentive Stock Plan, exempt under Rule 16b-3.
What price is associated with Mary A. Winston’s Northrop Grumman (NOC) stock award?
The 349-share grant is reported at $552.17 per share. This value is tied to the compensation award deferred into a stock unit account under Northrop Grumman’s 2024 Long-Term Incentive Stock Plan and is not an open-market trade price.
What do the stock unit accounts in Northrop Grumman’s (NOC) Form 4 footnotes represent?
The footnotes state Winston’s amount includes 1,540 common stock units, including dividends, and 78 shares of common stock in stock unit accounts. These arise from the 2024 Plan and the 2011 Long-Term Incentive Stock Plan, with dividends on units exempt from Section 16 reporting.