What is the value per share of the stock award reported in Grady’s NOC Form 4?

The reported stock award for Christopher W. Grady is valued at $552.17 per share. This valuation applies to the 349 shares of Northrop Grumman Common Stock granted under the 2024 Long-Term Incentive Stock Plan and deferred into a stock unit account.

Northrop Grumman (NOC) director awarded 349 shares under 2024 incentive plan

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Northrop Grumman director Christopher W. Grady reported a compensation-related stock award. On May 20, 2026, he acquired 349 shares of Common Stock at a stated value of $552.17 per share through a grant under the Northrop Grumman 2024 Long-Term Incentive Stock Plan.

These shares were deferred into a stock unit account in a transaction exempt under Rule 16b-3. Following the award, Grady directly holds 421 shares of Northrop Grumman common stock, including amounts and dividends maintained in the stock unit account pursuant to the company’s long-term incentive plans.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Grady Christopher W.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	349	$552.17	$193K

Holdings After Transaction: Common Stock — 421 shares (Direct, null)

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. Represents shares of common stock, including dividends, held in a stock unit account pursuant to the Plan and the Northrop Grumman 2024 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 award size: 349 shares Award value per share: $552.17 per share Post-award holdings: 421 shares

3 metrics

Stock award size 349 shares Grant of Common Stock on May 20, 2026

Award value per share $552.17 per share Stated value for granted Common Stock

Post-award holdings 421 shares Total Common Stock directly held after transaction

Key Terms

Rule 16b-3, stock unit account, Northrop Grumman 2024 Long-Term Incentive Stock Plan, Section 16

4 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.

stock unit account financial

"deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan"

Northrop Grumman 2024 Long-Term Incentive Stock Plan financial

"pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan"

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.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 03:23 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Grady Christopher W.

(Last)

(First)

(Middle)

2980 FAIRVIEW PARK DRIVE

(Street)

FALLS CHURCH

VIRGINIA

22042

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NORTHROP GRUMMAN CORP /DE/ [ NOC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		A⁽¹⁾		349⁽¹⁾	A	$552.17	421⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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.

2. Represents shares of common stock, including dividends, held in a stock unit account pursuant to the Plan and the Northrop Grumman 2024 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.

Remarks:

	/s/ Jennifer C. McGarey, Attorney-in-Fact	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Christopher W. Grady report in the latest Form 4 for NOC?

Christopher W. Grady reported receiving 349 shares of Northrop Grumman Common Stock as a grant under the company’s 2024 Long-Term Incentive Stock Plan, valued at $552.17 per share, increasing his directly held stake to 421 shares in a compensation-related, non-market transaction.

Was the Christopher W. Grady NOC Form 4 a market purchase or a stock award?

The Form 4 shows a stock award, not a market purchase. Grady acquired 349 shares as a grant under Northrop Grumman’s 2024 Long-Term Incentive Stock Plan, with the shares deferred into a stock unit account rather than bought on the open market.

How many Northrop Grumman shares does Christopher W. Grady hold after this Form 4 transaction?

After the reported award, Christopher W. Grady directly holds 421 shares of Northrop Grumman Common Stock. This total includes the 349 granted shares and other amounts, including dividends, held within a stock unit account tied to the company’s long-term incentive plans.

Why is the Christopher W. Grady Northrop Grumman grant exempt under Rule 16b-3?

The filing notes that Grady’s award represents shares deferred into a stock unit account under the 2024 Long-Term Incentive Stock Plan in a transaction exempt under Rule 16b-3, which generally covers board-approved, issuer-equity compensation arrangements for insiders, rather than discretionary market trades.