Form 4: Northrop Grumman CEO Sells Shares Under 10b5-1 Plan

Northrop Grumman's Chair, CEO, and President, Kathy J. Warden, sold 10,000 shares of common stock in early January 2026 under a pre-arranged 10b5-1 trading plan.

Summary

• Kathy J. Warden, the Chair, CEO, and President of Northrop Grumman Corp (NOC), reported sales of common stock.
• On January 5, 2026, Warden sold 7,000 shares of common stock at a price of $600 per share.
• On January 6, 2026, Warden sold an additional 3,000 shares of common stock at a price of $615 per share.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Ms. Warden on September 2, 2025.
• Following these transactions, Ms. Warden beneficially owns 191,602.4 shares of Northrop Grumman common stock.

Sentiment

Score: 4

Explanation: The sale of shares by a key executive, even under a pre-arranged 10b5-1 plan, can be viewed with slight caution by investors, though the planned nature reduces immediate negative implications.

Negatives

• The sale of 10,000 shares by the CEO, even under a pre-arranged plan, represents a reduction in her direct ownership, which some investors might interpret as a signal of diversification or a belief that the stock is adequately valued.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note the executive's diversification of holdings, which is a routine event for long-term compensation plans.

Key Dates

Recommendation

The filing reports a pre-scheduled sale of shares by the CEO under a 10b5-1 plan. While insider selling can sometimes be a bearish signal, the planned nature of these transactions mitigates immediate concerns about the company's short-term prospects. Investors should consider this as a routine diversification event rather than a reflection of new negative information, maintaining a 'hold' stance unless other fundamental factors change.

Keywords

Northrop Grumman, NOC, Kathy J. Warden, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Defense Industry