[Form 4] NORTHROP GRUMMAN CORP /DE/ Insider Trading Activity
Marianne C. Brown, a director of Northrop Grumman Corporation (NOC), reported an internal acquisition on 09/30/2025. The Form 4 shows an acquisition of 76 shares of common stock deferred into a stock unit account under the Northrop Grumman 2024 Long-Term Incentive Stock Plan at a reported price of $609.32 per share. Following the transaction she beneficially owns 10,836 shares directly. The filing states the 76 shares represent a deferral into a stock unit account exempt under Rule 16b-3, and notes dividends in the stock unit account are exempt and not reportable under Rule 16a-11. The form was signed by an attorney-in-fact on 10/01/2025.
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Insights
TL;DR: Routine insider deferral into company stock units; immaterial to valuation but confirms director participation in long-term incentives.
The Form 4 documents a non-derivative acquisition of 76 common shares deferred into a stock unit account under the 2024 Long-Term Incentive Stock Plan at $609.32 per share, increasing direct beneficial ownership to 10,836 shares. This is a plan-driven, Rule 16b-3-exempt transaction rather than an open-market purchase or sale, indicating compensation-related equity retention rather than a discretionary investment decision. The disclosure is procedural and aligns with typical executive/director compensation practices.
TL;DR: Compliance-focused filing showing director used plan deferral; reflects standard governance and insider reporting.
The filing identifies Marianne C. Brown as a director and reports a deferral of compensation into stock units, exempt under Rule 16b-3, with dividends in the unit account not reportable under Rule 16a-11. The transaction type and explanatory remarks indicate adherence to equity plan mechanics and Section 16 reporting obligations. There are no indications of unusual trading patterns or governance concerns in this disclosure.