Northrop Grumman (NOC) top counsel granted stock awards and exercises performance rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northrop Grumman’s corporate vice president and general counsel Kathryn G. Simpson received new stock-based compensation and settled prior awards. On February 11, 2026, she acquired 3,619.96 Restricted Performance Stock Rights (RPSRs) and 1,471 Restricted Stock Rights (RSRs), both granted at an exercise price of $0 under long‑term incentive plans.
She exercised 1,334.96 RPSRs, receiving the same number of common shares at $0, then had 461 shares withheld at $678.83 per share to cover tax obligations, leaving 1,653.39 common shares owned directly. Following these transactions, she directly holds 12,579.96 RPSRs and 5,555 RSRs, which may convert into common stock if performance and time‑based vesting conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,334.96 shares exercised/converted
Mixed
5 txns
Insider
Simpson Kathryn G
Role
Corp VP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Performance Stock Rights | 3,619.96 | $0.00 | -- |
| Grant/Award | Restricted Stock Rights | 1,471 | $0.00 | -- |
| Exercise | Restricted Performance Stock Rights | 1,334.96 | $0.00 | -- |
| Exercise | Common Stock | 1,334.96 | $0.00 | -- |
| Tax Withholding | Common Stock | 461 | $678.83 | $313K |
Holdings After Transaction:
Restricted Performance Stock Rights — 12,579.96 shares (Direct);
Restricted Stock Rights — 5,555 shares (Direct);
Common Stock — 2,114.39 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) 432.96 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) 3,187 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 1,334.96 shares were issued in settlement of the 2023 RPSRs with a measurement period that ended 12/31/25, and the target award amount of 902 RPSRs was previously reported in connection with the grant of the 2023 RPSRs. Total amount includes (i) 1,334.96 vested RPSRs granted under the 2011 LTISP on 2/16/23 with a measurement period ended on 12/31/25; (ii) 3,774 RPSRs granted under the 2011 LTISP on 2/14/24 with a measurement period ending on 12/31/26; (iii) 4,284 RPSRs granted under the 2024 LTISP on 2/18/25 with a measurement period ending on 12/31/27; and (iv) 3,187 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) 387 RSRs granted under the 2011 LTISP on 2/16/23 that will vest on 2/17/26; (ii) 1,732 RSRs granted under the 2011 LTISP on 2/14/24 that will vest on 2/16/27; (iii) 1,965 RSRs granted under the 2024 LTISP on 2/18/25 that will vest on 2/18/28; and (iv) 1,471 RSRs granted under 2024 LTISP on 2/11/26 that will vest on 2/12/29. Total amount includes (i) 3,774 RPSRs granted under the 2011 LTISP on 2/14/24 with a measurement period ending on 12/31/26; (ii) 4,284 RPSRs granted under the 2024 LTISP on 2/18/25 with a measurement period ending on 12/31/27; and (iii) 3,187 RPSRs granted under the 2024 LTISP on 2/11/26 with a measurement period ending 12/31/28.
FAQ
What insider transactions did Northrop Grumman (NOC) report for Kathryn G. Simpson?
Northrop Grumman (NOC) reported that Kathryn G. Simpson received new equity awards, exercised performance stock rights, and had shares withheld for taxes. She acquired restricted performance and restricted stock rights and converted some performance rights into common shares on February 11, 2026.
How many Restricted Performance Stock Rights did NOC’s Kathryn Simpson acquire in this Form 4?
Kathryn Simpson acquired 3,619.96 Restricted Performance Stock Rights (RPSRs) at an exercise price of $0. These awards consist of vested and unvested RPSRs tied to performance periods ending between 2025 and 2028 under Northrop Grumman’s long-term incentive stock plans.
What Restricted Stock Rights were granted to Kathryn Simpson of Northrop Grumman (NOC)?
Kathryn Simpson received 1,471 Restricted Stock Rights (RSRs) at an exercise price of $0. These RSRs were granted under Northrop Grumman’s 2024 Long-Term Incentive Stock Plan and are scheduled to vest on February 12, 2029, subject to continued service conditions.
What equity award balances does Kathryn Simpson hold after this NOC Form 4 filing?
After the reported transactions, Kathryn Simpson holds 12,579.96 Restricted Performance Stock Rights and 5,555 Restricted Stock Rights directly. These awards may convert into Northrop Grumman common stock over time, depending on satisfaction of performance metrics and vesting schedules.