Northrop Grumman (NOC) executive details new stock rights and tax share use
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northrop Grumman executive Roshan S. Roeder, CVP & President of Mission Systems, reported multiple equity compensation transactions dated February 11, 2026. Roeder acquired 5,786.48 Restricted Performance Stock Rights (RPSRs) and 1,701 Restricted Stock Rights (RSRs), both at an exercise price of $0 per right, as part of long-term incentive plans.
On the same date, 6,476.48 RPSRs were exercised into the same number of common shares at $0, increasing direct common stock holdings to 6,880.39 shares before withholding. To cover tax obligations, 2,968 common shares were disposed of at $678.83 per share, leaving 3,912.39 common shares held directly after the transactions, plus 115.5111 shares held indirectly in the Northrop Grumman Savings Plan as of February 11, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,476.48 shares exercised/converted
Mixed
6 txns
Insider
ROEDER ROSHAN S
Role
CVP & Pres. Mission Systems
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Performance Stock Rights | 5,786.48 | $0.00 | -- |
| Grant/Award | Restricted Stock Rights | 1,701 | $0.00 | -- |
| Exercise | Restricted Performance Stock Rights | 6,476.48 | $0.00 | -- |
| Exercise | Common Stock | 6,476.48 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,968 | $678.83 | $2.01M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Performance Stock Rights — 20,650.48 shares (Direct);
Restricted Stock Rights — 8,530 shares (Direct);
Common Stock — 6,880.39 shares (Direct);
Common Stock — 115.511 shares (Indirect, Held in Northrop Grumman Savings Plan)
Footnotes (1)
- Held in the Northrop Grumman Savings Plan (the "Plan"), a qualified defined contribution plan, as of February 11, 2026. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a change in units attributable to an individual though no acquisition or disposition occurred. Each Restricted Performance Stock Right ("RPSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the Issuer's election, cash or a combination of cash and Issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d). The RPSRs acquired include (i) 2,100.48 vested RPSRs with respect to the measurement period ended 12/31/25 acquired due to settlement of the RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("2011 LTISP") on 2/16/23 that resulted in settlement at 148% of the target award; and (ii) 3,686 unvested RPSRs granted under the 2024 Long-Term Incentive Stock Plan (the "2024 LTISP") on 2/11/26 with a measurement period ending on 12/31/28. A total of 6,476.48 shares were issued in settlement of the 2023 RPSRs with a measurement period that ended 12/31/25, and the target award amount of 4,376 RPSRs was previously reported in connection with the grant of the 2023 RPSRs. Total amount includes (i) 6,476.48 vested RPSRs granted under the 2011 LTISP on 2/16/23 with a measurement period ended on 12/31/25; (ii) 5,133 RPSRs granted under the 2011 LTISP on 2/14/24 with a measurement period ending on 12/31/26; (iii) 5,355 RPSRs granted under the 2024 LTISP on 2/18/25 with a measurement period ending on 12/31/27; and (iv) 3,686 RPSRs granted under the 2024 LTISP on 2/11/26 with a measurement period ending on 12/31/28. 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. The RSRs were granted under the 2024 LTISP on 2/11/26 and will vest on 2/12/29. Total amount includes (i) 2,017 RSRs granted under the 2011 LTISP on 2/16/23 that will vest on 2/17/26; (ii) 2,356 RSRs granted under the 2011 LTISP on 2/14/24 that will vest on 2/16/27; (iii) 2,456 RSRs granted under the 2024 LTISP on 2/18/25 that will vest on 2/18/28; and (iv) 1,701 RSRs granted under 2024 LTISP on 2/11/26 that will vest on 2/12/29. Total amount includes (i) 5,133 RPSRs granted under the 2011 LTISP on 2/14/24 with a measurement period ending on 12/31/26; (ii) 5,355 RPSRs granted under the 2024 LTISP on 2/18/25 with a measurement period ending on 12/31/27; and (iii) 3,686 RPSRs granted under the 2024 LTISP on 2/11/26 with a measurement period ending 12/31/28.
FAQ
What insider transactions did Roshan S. Roeder report for Northrop Grumman (NOC)?
Roshan S. Roeder reported equity compensation activity, not open-market trading. On February 11, 2026, she received grants of Restricted Performance Stock Rights and Restricted Stock Rights, exercised performance stock rights into common shares, and had some shares withheld to satisfy tax obligations tied to these awards.
How many Restricted Performance Stock Rights did Roeder acquire at Northrop Grumman (NOC)?
Roeder acquired 5,786.48 Restricted Performance Stock Rights on February 11, 2026. These rights represent a contingent right to receive an equivalent number of Northrop Grumman common shares, or cash or a combination, if specified performance metrics under the company’s long-term incentive plans are achieved for the relevant measurement periods.
How many Restricted Stock Rights were granted to Roshan S. Roeder at Northrop Grumman (NOC)?
Roeder received a grant of 1,701 Restricted Stock Rights on February 11, 2026. Each right can settle in an equivalent number of common shares, cash, or a mix, at the discretion of Northrop Grumman’s Compensation Committee, with vesting scheduled under the company’s 2024 Long-Term Incentive Stock Plan.
What common stock transactions did Roeder report for Northrop Grumman (NOC) on February 11, 2026?
Roeder acquired 6,476.48 Northrop Grumman common shares through the exercise of performance stock rights at $0 per share. She then disposed of 2,968 shares at $678.83 per share to satisfy tax obligations, resulting in 3,912.39 common shares held directly after these transactions.