Form 4: Northrop Grumman Director Acquires Shares Through Incentive Plan
SEC Form 4 Filing
Director James S. Turley acquired 377 shares of Northrop Grumman common stock at $484.32 per share through the company's Long-Term Incentive Stock Plan.
Summary
- On July 31, 2024, James S. Turley, a director of Northrop Grumman, acquired 377 shares of common stock.
- The acquisition was made through the Northrop Grumman 2024 Long-Term Incentive Stock Plan at a price of $484.32 per share.
- Following the transaction, Turley directly owns 5,847 shares of Northrop Grumman common stock, including shares held in a stock unit account.
- The transaction was exempt under Rule 16b-3.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation.
Positives
- The acquisition of shares by a director may signal confidence in the company's future performance.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. This transaction is a routine filing related to director compensation and stock ownership.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: James S. Turley acquired shares of common stock. |
| 08/01/2024 | Date of signature: The Form 4 was signed on this date. |
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