Northrop Grumman (NOC) director reports 81-share stock unit acquisition
Rhea-AI Filing Summary
Northrop Grumman reported an equity transaction by a company director. On 12/31/2025, the director acquired 81 shares of Northrop Grumman common stock at $570.21 per share. These shares were deferred into a stock unit account under the company’s 2024 Long-Term Incentive Stock Plan in a transaction that is exempt under Rule 16b-3.
Following this transaction, the director beneficially owned 10,963 shares of common stock in the stock unit account, which includes dividends credited under the plan. Dividends earned on these stock units were exempt from Section 16 reporting and therefore were not required to be reported as separate transactions.
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FAQ
What insider transaction did Northrop Grumman (NOC) report in this filing?
The filing reports that a director acquired 81 shares of Northrop Grumman common stock on 12/31/2025, deferred into a stock unit account under the company’s 2024 Long-Term Incentive Stock Plan at a price of $570.21 per share.
How many Northrop Grumman (NOC) shares does the director own after this transaction?
After the reported transaction, the director beneficially owned 10,963 shares of Northrop Grumman common stock in a stock unit account established under the company’s long-term incentive plan.
What plan governed the director’s stock acquisition at Northrop Grumman (NOC)?
The shares were deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan, referred to as the “Plan” in the disclosure.
Was the Northrop Grumman (NOC) insider transaction exempt under SEC rules?
Yes. The transaction is described as exempt under Rule 16b-3, which generally covers certain issuer-approved transactions under employee or director compensation plans.
How are dividends on the stock units treated for the Northrop Grumman (NOC) director?
Dividends earned on shares held in the stock unit account are included in the 10,963 share total but were exempt from Section 16 and not reportable under Rule 16a-11.
Is the ownership reported by the Northrop Grumman (NOC) director direct or indirect?
The 10,963 shares of common stock beneficially owned following the transaction are reported as direct ownership.