Form 4: Northrop Grumman CEO Sells Over 11,000 Shares Under Pre-Arranged Trading Plan

Kathy J. Warden, Chair, CEO, and President of Northrop Grumman Corp, sold 11,250 shares of common stock in pre-planned transactions totaling approximately $5.67 million.

Summary

• Kathy J. Warden, the Chair, CEO, and President of Northrop Grumman Corp (NOC), reported sales of common stock.
• On June 12, 2025, Ms. Warden sold 3,750 shares of common stock at a price of $495 per share.
• On June 13, 2025, an additional 7,500 shares of common stock were sold at a price of $505.77 per share.
• The total number of shares sold across these two transactions is 11,250.
• The total value of the shares sold is approximately $5,670,525 (3,750 * $495 + 7,500 * $505.77).
• Following these transactions, Ms. Warden beneficially owns 201,602.4 shares of Northrop Grumman common stock.
• All sales were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Ms. Warden on March 6, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While insider selling can be viewed negatively, the execution under a Rule 10b5-1 plan significantly mitigates concerns, indicating a pre-planned, transparent transaction rather than a reaction to adverse company news.

Positives

• The sales were executed under a Rule 10b5-1 trading plan, indicating that the transactions were pre-scheduled and not based on immediate, non-public information, which enhances transparency and reduces concerns about opportunistic insider selling.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by investors as it reduces the insider's direct equity stake in the company.

Risks

• While mitigated by the 10b5-1 plan, significant insider selling could potentially lead to negative market sentiment if not fully understood by investors.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It is specific to the equity holdings of Northrop Grumman's CEO.

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, though the 10b5-1 plan provides transparency regarding the pre-planned nature of the sales.

Key Dates

Keywords

Northrop Grumman, NOC, Form 4, Insider Trading, Stock Sale, CEO, Director, 10b5-1 Plan, Kathy J. Warden, Equity Transaction