Northrop Grumman (NOC) officer logs stock vesting, tax and open-market sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northrop Grumman corporate vice president, controller and chief accounting officer Michael A. Hardesty reported multiple share transactions on February 17, 2026. He acquired 538 Restricted Stock Rights that converted into 538 common shares at no cost upon vesting, then disposed of 243 shares to cover taxes and sold 715.94 shares in an open-market transaction at $700.63 per share, leaving him with 2,672.29 common shares directly owned. Footnotes note these shares vested from awards granted under the company’s long-term incentive stock plans and that additional Restricted Stock Rights remain scheduled to vest in later years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 715.94 shares ($501,609)
Net Sell
4 txns
Insider
Hardesty Michael A
Role
Corp VP, Controller & CAO
Sold
715.94 shs ($502K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 538 | $0.00 | -- |
| Exercise | Common Stock | 538 | $0.00 | -- |
| Tax Withholding | Common Stock | 243 | $701.12 | $170K |
| Sale | Common Stock | 715.94 | $700.63 | $502K |
Holdings After Transaction:
Restricted Stock Rights — 1,494 shares (Direct);
Common Stock — 3,631.23 shares (Direct)
Footnotes (1)
- 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. Shares issued upon vesting of RSRs granted under the 2011 Long-Term Incentive Stock Plan ("2011 LTISP") on 2/16/23 that vested on 2/17/26. Total amount includes (i) 554 RSRs granted under the 2011 LTISP on 2/14/24 that will vest on 2/16/27; (ii) 561 RSRs granted under the 2024 LTISP on 2/18/25 that will vest on 2/18/28; and (iii) 379 RSRs granted under 2024 LTISP on 2/11/26 that will vest on 2/12/29.
FAQ
What insider transactions did Michael A. Hardesty report at Northrop Grumman (NOC)?
Michael A. Hardesty reported vesting-related share activity and sales. He acquired 538 common shares from Restricted Stock Rights, disposed of 243 shares to cover tax obligations, and sold 715.94 common shares in an open-market transaction on February 17, 2026, as part of his equity compensation activity.
What are Restricted Stock Rights in the Northrop Grumman (NOC) Form 4 filing?
Each Restricted Stock Right represents a contingent right to receive one share of Northrop Grumman common stock, or cash, or a combination, at the issuer’s election. In this filing, 538 RSRs vested into 538 shares under the company’s long-term incentive stock plans granted in February 2023.
What future Restricted Stock Rights vesting is disclosed for Michael A. Hardesty at Northrop Grumman (NOC)?
The total Restricted Stock Rights amount includes 554 RSRs scheduled to vest on February 16, 2027, 561 RSRs scheduled to vest on February 18, 2028, and 379 RSRs scheduled to vest on February 12, 2029, under Northrop Grumman’s long-term incentive stock plans.
Which Northrop Grumman (NOC) equity plans are referenced in Michael A. Hardesty’s Form 4?
The filing references the 2011 Long-Term Incentive Stock Plan and the 2024 Long-Term Incentive Stock Plan. Shares issued on February 17, 2026 came from RSRs granted under the 2011 plan, and remaining RSRs include awards granted under both the 2011 and 2024 plans.