Form 4: NOC Director Acquires Shares Under Incentive Plan

Northrop Grumman Director Marianne Catherine Brown acquired 76 shares of common stock at $609.32 per share, increasing her beneficial ownership to 10,836 shares.

Summary

• Marianne Catherine Brown, a Director at Northrop Grumman Corp (NOC), acquired 76 shares of common stock.
• The transaction occurred on September 30, 2025, at a price of $609.32 per share.
• These shares were deferred into a stock unit account pursuant to the Northrop Grumman 2024 Long-Term Incentive Stock Plan.
• Following this acquisition, Ms. Brown's beneficial ownership in the company increased to 10,836 shares.
• The transaction is exempt under Rule 16b-3 and was made pursuant to a Rule 10b5-1(c) plan.
• The 10,836 shares beneficially owned include dividends held in the stock unit account, which were exempt from Section 16 reporting under Rule 16a-11.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's acquisition of shares, even if part of a compensation plan, generally signals confidence in the company's long-term prospects and aligns insider interests with shareholders.

Positives

• Director Marianne Catherine Brown increased her beneficial ownership in Northrop Grumman by acquiring 76 shares, aligning her interests with shareholders.
• The acquisition was part of the Northrop Grumman 2024 Long-Term Incentive Stock Plan, indicating a structured compensation and retention strategy.
• The transaction was conducted under a Rule 10b5-1(c) plan, demonstrating a pre-arranged and compliant approach to insider share transactions.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The acquisition of shares by Director Marianne Catherine Brown reflects participation in the company's long-term incentive program, aligning management interests with shareholder value.

Industry Context

This insider transaction is a routine disclosure for a publicly traded company in the defense and aerospace industry, indicating a director's participation in an equity compensation plan. It does not provide broader industry trends or competitive insights.

Corporate Governance

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed as a positive signal of confidence in the company's future, potentially reinforcing investor sentiment.

Key Dates

Keywords

Northrop Grumman, NOC, Insider Trading, Form 4, Director Stock Acquisition, Equity Compensation, 10b5-1 Plan, Defense Contractor