Northrop Grumman grants and settles stock for executive
Northrop Grumman executive Thomas H. Jones, CVP & President Aeronautics Systems, reported equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Northrop Grumman executive Thomas H. Jones, CVP & President Aeronautics Systems, reported equity compensation activity. He received 5,927.1200 Restricted Performance Stock Rights and 1,701.0000 Restricted Stock Rights, and settled 6,910.1200 performance-based units into common stock, with 3,059.0000 shares withheld at $678.8300 per share for taxes. Following these transactions he holds 14,174 Restricted Performance Stock Rights and 10,057.715 shares of common stock directly.
Insider Trade Summary
6,910.12 shares exercised/converted
Exercise
5 txns
Insider
Jones Thomas H
Role
CVP & Pres Aeronautics Systems
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Performance Stock Rights | 5,927.12 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Rights | 1,701 | $0.00 | $0.00 |
| Exercise | Restricted Performance Stock Rights | 6,910.12 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,910.12 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,059 | $678.83 | $2.08M |
Holdings After Transaction:
Restricted Stock Rights — 8,665 contracts (Direct);
Restricted Performance Stock Rights — 14,174 contracts (Direct);
Common Stock — 10,057.715 shares (Direct)
Holdings Before and After:
Restricted Stock Rights, 6,964 to 8,665 contracts (Direct);
Restricted Performance Stock Rights, 15,157 to 14,174 contracts (Direct);
Common Stock, 6,206.595 to 10,057.715 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) 2,241.12 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 6,910.12 shares were issued in settlement of the 2023 RPSRs with a measurement period that ended 12/31/25, and the target award amount of 4,669 RPSRs was previously reported in connection with the grant of the 2023 RPSRs.
- F3. Total amount includes (i) 6,910.12 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) 2,152 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
RPSR grant: 5927.1200 RPSRs
RSR grant: 1701.0000 RSRs
Performance units settled: 6910.1200 shares
+4 more
7 metrics
RPSR grant
5927.1200 RPSRs
Restricted Performance Stock Rights granted on 2026-02-11
RSR grant
1701.0000 RSRs
Restricted Stock Rights granted on 2026-02-11
Performance units settled
6910.1200 shares
RPSRs exercised or converted into common stock
Tax withholding shares
3059.0000 shares
Common shares delivered for tax liability at $678.8300 per share
Tax withholding price
$678.8300 per share
Price used for tax-withholding disposition on 2026-02-11
Post-transaction RPSRs
14,174 RPSRs
Direct holdings of Restricted Performance Stock Rights after reported transactions
Post-transaction common stock
10,057.715 shares
Direct common stock holdings after grants, settlement, and tax withholding
Key Terms
Restricted Performance Stock Rights, Restricted Stock Rights, Rule 16b-3(d), Long-Term Incentive Stock Plan, +1 more
5 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 Rights financial
"Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares"
Restricted stock rights are ownership claims in company shares that come with limits on when or how they can be sold or transferred, often tied to time-based or performance conditions. For investors, these rights matter because they affect when insiders truly own or can monetize shares — influencing future share supply, executive incentives, and potential stock price pressure much like a savings account that only becomes withdrawable after meeting set conditions.
Rule 16b-3(d) regulatory
"Grants awarded pursuant to Rule 16b-3(d)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Long-Term Incentive Stock Plan financial
"granted under the 2011 Long-Term Incentive Stock Plan ("2011 LTISP")"
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 equity awards did Northrop Grumman (NOC) grant to Thomas H. Jones?
Thomas H. Jones received 5,927.1200 Restricted Performance Stock Rights and 1,701.0000 Restricted Stock Rights. These awards are contingent rights to receive common stock, cash, or a combination, subject to performance and time-based vesting conditions under long-term incentive plans.
How many performance-based units did Thomas H. Jones at NOC settle into stock?
Thomas H. Jones settled 6,910.1200 Restricted Performance Stock Rights into an equivalent number of common shares. These units related to a performance measurement period ending 12/31/25, which vested based on the company’s long-term incentive plan metrics.
What are Thomas H. Jones’s post-transaction holdings in NOC stock and RPSRs?
After these transactions, Thomas H. Jones directly holds 14,174 Restricted Performance Stock Rights and 10,057.715 shares of Northrop Grumman common stock. These balances reflect his remaining performance-based and time-based equity interests reported in this filing.
Were Thomas H. Jones’s NOC transactions open-market purchases or sales?
The reported activity consists of grants, performance-based settlements, and tax-withholding dispositions, not open-market trades. Awards were granted at $0.0000 per unit, and shares were withheld to cover taxes rather than sold as discretionary market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
