Form 4: Northrop Grumman Director Acquires Shares Through Stock Plan

Marianne Catherine Brown, a director at Northrop Grumman, acquired 94 shares of common stock through the company's Long-Term Incentive Stock Plan on March 31, 2024.

Summary

• On March 31, 2024, Marianne Catherine Brown, a director of Northrop Grumman, acquired 94 shares of common stock at a price of $478.66 per share.
• The acquisition was made through the Northrop Grumman 2011 Long-Term Incentive Stock Plan.
• Following the transaction, Brown directly owns 9,276 shares of Northrop Grumman common stock.
• The shares were deferred into a stock unit account pursuant to the plan and are exempt under Rule 16b-3.
• The reported holdings include dividends held in the stock unit account, which are exempt from Section 16 and not reportable under rule 16a-11.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction. The director's participation in the stock plan is a positive sign, but the filing itself doesn't indicate any significant change in the company's outlook.

Positives

• The director's participation in the Long-Term Incentive Stock Plan demonstrates alignment with the company's long-term performance.
• The acquisition increases the director's stake in the company, potentially signaling confidence in its future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors monitoring executive compensation and ownership trends.

Key Dates