Northrop Grumman officer reports share sales, vesting
Northrop Grumman corporate vice president, controller and chief accounting officer Michael A. Hardesty reported multiple share transactions on February 17, 2026.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 538 | $0.00 | $0.00 |
| Exercise | Common Stock | 538 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 243 | $701.12 | $170K |
| Sale | Common Stock | 715.94 | $700.63 | $502K |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
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What insider transactions did Michael A. Hardesty report at Northrop Grumman (NOC)?
What are Restricted Stock Rights in the Northrop Grumman (NOC) Form 4 filing?
What future Restricted Stock Rights vesting is disclosed for Michael A. Hardesty at Northrop Grumman (NOC)?
Which Northrop Grumman (NOC) equity plans are referenced in Michael A. Hardesty’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.