Northrop Grumman (NOC) Aeronautics Systems chief logs equity awards and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northrop Grumman CVP & President, Aeronautics Systems, Thomas H. Jones reported several equity compensation transactions dated February 11, 2026. He acquired 5,927.12 Restricted Performance Stock Rights (RPSRs) and 1,701 Restricted Stock Rights (RSRs), each representing a contingent right to receive an equivalent number of common shares or cash, depending on plan terms.
On the same date, he exercised 6,910.12 RPSRs, receiving the same number of Northrop Grumman common shares at an exercise price of $0, increasing his directly held common stock to 13,116.715 shares before tax withholding. To satisfy tax obligations, 3,059 common shares were withheld at a price of $678.83 per share, leaving him with 10,057.715 common shares held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,910.12 shares exercised/converted
Mixed
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 | -- |
| Grant/Award | Restricted Stock Rights | 1,701 | $0.00 | -- |
| Exercise | Restricted Performance Stock Rights | 6,910.12 | $0.00 | -- |
| Exercise | Common Stock | 6,910.12 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,059 | $678.83 | $2.08M |
Holdings After Transaction:
Restricted Performance Stock Rights — 21,084.12 shares (Direct);
Restricted Stock Rights — 8,665 shares (Direct);
Common Stock — 13,116.715 shares (Direct)
Footnotes (1)
- 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) 2,241.12 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. 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. 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) 2,152 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. 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 NOC executive Thomas H. Jones report on February 11, 2026?
Thomas H. Jones reported equity awards and related share movements on February 11, 2026. He received grants of Restricted Performance Stock Rights and Restricted Stock Rights, exercised RPSRs into common stock at $0, and had shares withheld to cover associated tax obligations.
How many Restricted Performance Stock Rights did the NOC executive acquire in this Form 4?
Thomas H. Jones acquired 5,927.12 Restricted Performance Stock Rights. These RPSRs represent contingent rights to receive an equivalent number of Northrop Grumman common shares, or cash, depending on plan terms, and vest based on achieving specified performance metrics over defined measurement periods.
What Restricted Stock Rights were granted to Northrop Grumman’s Thomas H. Jones?
He was granted 1,701 Restricted Stock Rights on February 11, 2026. Each RSR is a contingent right to receive one share of Northrop Grumman common stock, or cash or a combination, and the grant was made under the company’s 2024 Long-Term Incentive Stock Plan.
What do RPSRs and RSRs represent for Northrop Grumman executive compensation?
RPSRs and RSRs are equity-based incentive awards for executives. Each unit represents a contingent right to receive one Northrop Grumman common share, or cash or a combination, vesting over time or upon achieving specified performance metrics under the company’s long-term incentive stock plans.