Northrop Grumman awards stock rights to executive
Northrop Grumman executive Robert J. Fleming, CVP and President, Space Systems, received equity awards on 2026-02-11, including 3,982.16 Restricted Performance Stock Rights and 1,701 Restricted Stock Rights.
Rhea-AI Filing Summary
Northrop Grumman executive Robert J. Fleming, CVP and President, Space Systems, received equity awards on 2026-02-11, including 3,982.16 Restricted Performance Stock Rights and 1,701 Restricted Stock Rights. He settled 913.16 performance rights into common stock, with 300 shares withheld at $678.83 per share for taxes. After these transactions he holds 14,174 Restricted Performance Stock Rights and 2,440.03 shares of common stock, all directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
913.16 shares exercised/converted
Exercise
5 txns
Insider
Fleming Robert J.
Role
CVP and Pres. Space Systems
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Performance Stock Rights | 3,982.16 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Rights | 1,701 | $0.00 | $0.00 |
| Exercise | Restricted Performance Stock Rights | 913.16 | $0.00 | $0.00 |
| Exercise | Common Stock | 913.16 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 300 | $678.83 | $204K |
Holdings After Transaction:
Restricted Stock Rights — 6,777 contracts (Direct);
Restricted Performance Stock Rights — 14,174 contracts (Direct);
Common Stock — 2,440.03 shares (Direct)
Footnotes (7)
- F1. 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).
- F2. The RPSRs acquired include (i) 296.16 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 2/18/25 with a measurement period ending on 12/31/27. A total of 913.16 shares were issued in settlement of the 2023 RPSRs with a measurement period that ended 12/31/25, and the target award amount of 617 RPSRs was previously reported in connection with the grant of the 2023 RPSRs.
- F3. Total amount includes (i) 913.16 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.
- F4. 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.
- F5. The RSRs were granted under the 2024 LTISP on 2/11/26 and will vest on 2/12/29.
- F6. Total amount includes (i) 264 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.
- F7. 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.
Key Figures
RPSRs granted: 3,982.16
RSRs granted: 1,701
RPSRs exercised: 913.16
+4 more
7 metrics
RPSRs granted
3,982.16
Restricted Performance Stock Rights granted to Robert J. Fleming on 2026-02-11
RSRs granted
1,701
Restricted Stock Rights granted to Robert J. Fleming on 2026-02-11
RPSRs exercised
913.16
Performance stock rights settled into common stock on 2026-02-11
Tax withholding shares
300
Common shares withheld at $678.83 per share to cover tax liability
Tax withholding price
678.83
Per-share value used for the 300 withheld common shares
Post-transaction RPSRs holding
14,174
Direct Restricted Performance Stock Rights held after the transactions
Post-transaction common stock holding
2,440.03
Direct Northrop Grumman common shares held after the transactions
Key Terms
Restricted Performance Stock Rights, Restricted Stock Right, Long-Term Incentive Stock Plan, measurement period
4 terms
Restricted Performance Stock Rights financial
"Each Restricted Performance Stock Right ("RPSR") represents a contingent right to receive an equivalent number of shares"
Restricted Stock Right financial
"Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares"
Long-Term Incentive Stock Plan financial
"granted under the 2011 Long-Term Incentive Stock Plan ("2011 LTISP") and the 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.
measurement period financial
"The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Northrop Grumman (NOC) report about Robert J. Fleming in this Form 4?
Robert J. Flemingcommon shares and RPSRs.
How many performance stock rights were granted to Robert J. Fleming at Northrop Grumman (NOC)?
On 2026-02-11, Fleming received 3,982.16 Restricted Performance Stock Rights. These RPSRs represent contingent rights to receive Northrop Grumman common stock or cash, generally vesting based on specified performance metrics and measurement periods under the company’s long-term incentive plans.
What restricted stock rights did Robert J. Fleming receive according to Northrop Grumman (NOC)’s Form 4?
Fleming was granted 1,701 Restricted Stock Rights on 2026-02-11. Each RSR is a contingent right to receive an equivalent number of Northrop Grumman common shares, or cash, typically vesting on set future dates under the 2024 Long-Term Incentive Stock Plan.
What award settlement and tax withholding were reported for Robert J. Fleming at Northrop Grumman (NOC)?
The Form 4 shows 913.16 performance stock rights were exercised and settled into an equal number of common shares. In connection with these awards, 300 shares of common stock were withheld at $678.83 per share to satisfy Fleming’s tax obligations.
What are Robert J. Fleming’s post-transaction holdings in Northrop Grumman (NOC) stock?
After the reported transactions, Fleming directly holds 14,174 Restricted Performance Stock Rights and 2,440.03 shares of Northrop Grumman common stock. These figures reflect his updated derivative and non-derivative equity positions reported in the Form 4 canonical holdings data.
Under which incentive plans were Robert J. Fleming’s awards at Northrop Grumman (NOC) granted?
Footnotes indicate his RPSRs and RSRs were granted under the 2011 Long-Term Incentive Stock Plan and the 2024 Long-Term Incentive Stock Plan. These plans provide performance-based and time-based stock rights with specified measurement periods and vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
