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NORTHROP GRUMMAN CORP /DE/ — Director's Dealing 2021
Feb 19, 2021
29899_dirs_2021-02-18_53c0f48d-a76e-4774-b5e7-301b5ce4ac83.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK: 0001133421
Period of Report: 2021-02-16
Reporting Person: Keffer David F (CVP & Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-16 | Restricted Performance Stock Rights | $ | A | 7223.0000 | Acquired | Common Stock (7223.0000) | Direct | |
| 2021-02-16 | Restricted Stock Rights | $ | A | 3284.0000 | Acquired | Common Stock (3284.0000) | Direct |
Footnotes
F1: Each 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: These unvested RPSRs were granted under the Long-Term Incentive Stock Plan (LTISP) on 2/16/21 with a measurement period ending on 12/31/23.
F3: 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).
F4: Total amount includes 7,223 RPSRs granted under the LTISP on 2/16/21 with a measurement period ending on 12/31/23; and 8,753 RPSRs granted on 5/5/20 with a measurement period ending on 12/31/22.
F5: Each Restricted Stock Right (RSR) represents a contingent right to receive an equivalent number of shares of 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 LTISP on 2/16/21 and will vest on 2/16/24.
F6: Total amount includes 3,284 RSRs granted under the LTISP on 2/16/21 that will vest on 2/16/24; and 3,847 RSRs granted under the LTISP on 5/5/20 that will vest on 5/5/23.