Northrop Grumman director granted 68 deferred shares
Northrop Grumman director Marianne Catherine Brown reported acquiring 68 shares of common stock valued at $682.24 per share on a deferred basis.
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Form Type
4
Rhea-AI Filing Summary
Northrop Grumman director Marianne Catherine Brown reported acquiring 68 shares of common stock valued at $682.24 per share on a deferred basis. The shares were credited to a stock unit account under the Northrop Grumman 2024 Long-Term Incentive Stock Plan in a transaction exempt under Rule 16b-3. Following this award, she holds 11,066 shares of common stock, including dividends, in the stock unit account pursuant to the plan. This reflects routine equity-based compensation rather than an open‑market stock purchase.
Insider Trade Summary
Grant/Award: 68 shares
Grant/Award
1 txn
Insider
Brown Marianne Catherine
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 68 | $682.24 | $46K |
Holdings After Transaction:
Common Stock — 11,066 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Represents shares of common stock, including dividends, held in a stock unit account pursuant to the 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
Deferred stock units granted: 68 shares
Grant value per share: $682.24 per share
Total shares after transaction: 11,066 shares
+1 more
4 metrics
Deferred stock units granted
68 shares
Grant under Northrop Grumman 2024 Long-Term Incentive Stock Plan
Grant value per share
$682.24 per share
Value used for the 68-share award on common stock
Total shares after transaction
11,066 shares
Common stock, including dividends, held in stock unit account after award
Transaction code
A (grant/award acquisition)
Non-derivative Form 4 transaction classified as acquisition
Key Terms
Rule 16b-3, Section 16, stock unit account, Long-Term Incentive Stock Plan
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.
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
"held in a stock unit account pursuant to the 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Marianne Catherine Brown report in the latest Northrop Grumman (NOC) Form 4?
Director Marianne Catherine Brown reported receiving 68 shares of Northrop Grumman common stock. The shares were awarded as deferred stock units under the company’s 2024 Long-Term Incentive Stock Plan, representing routine equity compensation rather than an open-market share purchase.
At what price were Marianne Brown’s Northrop Grumman (NOC) stock units recorded?
The 68 deferred stock units for Marianne Brown were recorded at $682.24 per share. This price reflects the value used for the grant under the Northrop Grumman 2024 Long-Term Incentive Stock Plan, not an open-market trading price or cash transaction.
What is the nature of the Northrop Grumman (NOC) award reported by Marianne Brown?
The award is a grant of 68 shares of common stock deferred into a stock unit account. It was made under Northrop Grumman’s 2024 Long-Term Incentive Stock Plan and is classified as a grant or award acquisition exempt under Rule 16b-3.
How are dividends treated on Marianne Brown’s Northrop Grumman (NOC) stock units?
Dividends on Marianne Brown’s stock units are credited as additional shares in the same stock unit account. The filing notes these dividends were exempt from Section 16 and not reportable under Rule 16a-11, but they still increase the total units held.
Is Marianne Brown’s Form 4 transaction in Northrop Grumman (NOC) an open-market purchase?
The Form 4 does not report an open-market purchase. Instead, it shows a grant of 68 deferred stock units under Northrop Grumman’s 2024 Long-Term Incentive Stock Plan, categorized as a grant or award acquisition exempt under Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.
