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Northrop Grumman (NOC) director Abney receives 349-share stock award

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Northrop Grumman director David P. Abney reported an award of common stock tied to the company’s long-term incentive plan. On May 20, 2026, he acquired 349 shares of Northrop Grumman common stock at $552.17 per share in a grant classified as a compensation-related acquisition rather than an open-market purchase.

According to the filing, these 349 shares were deferred into a stock unit account under the Northrop Grumman 2024 Long-Term Incentive Stock Plan in a transaction exempt under Rule 16b-3. After this award, Abney’s directly held position is reported as 2,824 shares, consisting of 2,475 shares of common stock and 349 stock units, including dividends credited to the stock unit account.

Positive

  • None.

Negative

  • None.
Insider ABNEY DAVID P
Role null
Type Security Shares Price Value
Grant/Award Common Stock 349 $552.17 $193K
Holdings After Transaction: Common Stock — 2,824 shares (Direct, null)
Footnotes (1)
  1. Represents shares of common stock deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan (the "Plan") in a transaction exempt pursuant to Rule 16b-3. Amount includes (i) 2,475 shares of common stock; and (ii) 349 shares of common stock, including dividends, held in a stock unit account pursuant to the Plan. Dividends earned on shares held in the stock unit account were exempt from Section 16 and not reportable under Rule 16a-11.
Stock award size 349 shares Common stock grant on May 20, 2026
Grant valuation price $552.17 per share Reported transaction price for awarded shares
Total holdings after award 2,824 shares Direct ownership reported following the transaction
Common stock component 2,475 shares Shares of common stock included in total holdings
Stock unit account component 349 shares Shares, including dividends, held in stock unit account
Northrop Grumman 2024 Long-Term Incentive Stock Plan financial
"pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan (the "Plan") in a transaction exempt"
Rule 16b-3 regulatory
"pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan (the "Plan") in a transaction exempt pursuant to Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
stock unit account financial
"shares of common stock deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan"
Section 16 regulatory
"Dividends earned on shares held in the stock unit account were exempt from Section 16 and not reportable"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"stock unit account were exempt from Section 16 and not reportable under Rule 16a-11."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ABNEY DAVID P
(Last)(First)(Middle)
2980 FAIRVIEW PARK DRIVE
(Street)
FALLS CHURCH VIRGINIA 22042
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NORTHROP GRUMMAN CORP /DE/ [ NOC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/20/2026A(1)349(1)A$552.172,824(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of common stock deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan (the "Plan") in a transaction exempt pursuant to Rule 16b-3.
2. Amount includes (i) 2,475 shares of common stock; and (ii) 349 shares of common stock, including dividends, held in a stock unit account pursuant to the Plan. Dividends earned on shares held in the stock unit account were exempt from Section 16 and not reportable under Rule 16a-11.
Remarks:
/s/ Jennifer C. McGarey, Attorney-in-Fact05/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Northrop Grumman (NOC) director David P. Abney report?

David P. Abney reported receiving 349 Northrop Grumman common shares as a stock-based award. The shares were deferred into a stock unit account under the company’s 2024 Long-Term Incentive Stock Plan, reflecting compensation rather than an open-market purchase.

At what price were David P. Abney’s Northrop Grumman (NOC) stock units valued?

The 349 stock units awarded to David P. Abney were valued at approximately $552.17 per share. This valuation is used for the compensation grant recorded under the Northrop Grumman 2024 Long-Term Incentive Stock Plan in the reported transaction.

How many Northrop Grumman (NOC) shares does David P. Abney hold after this Form 4?

After the reported grant, David P. Abney holds 2,824 shares linked to Northrop Grumman. This includes 2,475 shares of common stock and 349 shares credited in a stock unit account, including associated dividends under the long-term incentive plan.

Was David P. Abney’s Northrop Grumman (NOC) transaction an open-market buy or a compensation award?

The transaction was a compensation-related award, not an open-market purchase. It is coded as a grant or other acquisition and involves common stock deferred into a stock unit account under Northrop Grumman’s 2024 Long-Term Incentive Stock Plan.

Is David P. Abney’s Northrop Grumman (NOC) stock award exempt under insider trading rules?

Yes. The filing notes the common stock deferred into the stock unit account was granted in a transaction exempt under Rule 16b-3. Dividends credited to the stock unit account were also exempt from Section 16 and not reportable under Rule 16a-11.