Northrop Grumman (NYSE: NOC) exec stock vests as shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northrop Grumman executive Thomas H. Jones, CVP & President Aeronautics Systems, reported equity award activity tied to long-term incentives. On February 17, 2026, 2,152 Restricted Stock Rights (RSRs) vested and converted into an equivalent number of common shares at no exercise price under prior awards.
In connection with this vesting, 1,005 common shares were disposed of at $701.12 per share to cover tax obligations through share withholding, rather than an open-market sale. After these transactions, Jones directly held 11,204.715 common shares, plus 6,513 RSRs scheduled to vest between 2027 and 2029 under the company’s long-term incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,152 shares exercised/converted
Mixed
3 txns
Insider
Jones Thomas H
Role
CVP & Pres Aeronautics Systems
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 2,152 | $0.00 | -- |
| Exercise | Common Stock | 2,152 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,005 | $701.12 | $705K |
Holdings After Transaction:
Restricted Stock Rights — 6,513 shares (Direct);
Common Stock — 12,209.715 shares (Direct)
Footnotes (1)
- 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. Shares issued upon vesting of RSRs granted under the 2011 Long-Term Incentive Stock Plan ("2011 LTISP") on 2/16/23 that vested on 2/17/26. Total amount includes (i) 2,356 RSRs granted under the 2011 LTISP on 2/14/24 that will vest on 2/16/27; (ii) 2,456 RSRs granted under the 2024 LTISP on 2/18/25 that will vest on 2/18/28; and (iii) 1,701 RSRs granted under 2024 LTISP on 2/11/26 that will vest on 2/12/29.
FAQ
What insider transactions did Thomas H. Jones report for Northrop Grumman (NOC)?
Thomas H. Jones reported vesting of 2,152 Restricted Stock Rights into common shares and a related tax-withholding share disposition. These actions reflect routine long-term incentive plan activity rather than open-market buying or selling of Northrop Grumman stock.
What future Restricted Stock Rights does Thomas H. Jones hold in Northrop Grumman?
He holds 6,513 Restricted Stock Rights in total, including 2,356 vesting on February 16, 2027, 2,456 vesting on February 18, 2028, and 1,701 vesting on February 12, 2029. These awards were granted under the 2011 and 2024 long-term incentive plans.