Form 4: Northrop Grumman Corp VP & General Counsel, Kathryn G. Simpson, Reports Stock Transactions

Kathryn G. Simpson, Corp VP & General Counsel of Northrop Grumman, reports acquisition and disposal of common stock and derivative securities, including restricted performance stock rights and restricted stock rights, under Rule 10b5-1 trading plan.

Summary

• Kathryn G. Simpson, a Corp VP & General Counsel at Northrop Grumman, filed a Form 4 detailing changes in beneficial ownership of company stock.
• On February 18, 2025, Simpson acquired and disposed of common stock through the vesting and settlement of restricted performance stock rights (RPSRs) and restricted stock rights (RSRs).
• She acquired 4,355.75 RPSRs and 1,965 RSRs granted under the 2024 Long-Term Incentive Stock Plan (LTISP).
• Simpson also disposed of 366 shares to cover tax obligations and sold 889 shares at a price of $445.35 per share under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Simpson directly owns 1,814.43 shares of common stock, 10,056.75 RPSRs, and 4,084 RSRs.
• The reported transactions were made pursuant to a Rule 10b5-1 trading plan adopted on March 5, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Future Outlook

The document does not contain specific forward-looking statements, but it details ongoing vesting schedules for restricted stock rights and performance stock rights.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the trading activities of key personnel and their holdings in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies like Northrop Grumman, similar to filings made by executives at Lockheed Martin (LMT), Boeing (BA), and General Dynamics (GD).
• The use of Rule 10b5-1 trading plans is also a common strategy among executives to avoid accusations of insider trading, aligning with practices seen across the defense industry and broader market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that transactions are being conducted under a pre-arranged trading plan to avoid potential conflicts of interest.

Key Dates

Keywords

Form 4, Northrop Grumman, Kathryn G. Simpson, Stock Transactions, Restricted Performance Stock Rights, Restricted Stock Rights, Rule 10b5-1, Beneficial Ownership