Form 4: Northrop Grumman Director Gary Roughead Trades Shares
Insider Transaction Report
Director Gary Roughead reported a transaction involving 349 shares of Northrop Grumman common stock on May 20, 2026.
Summary
- Director Gary Roughead reported a transaction on May 20, 2026, involving 349 shares of Northrop Grumman common stock.
- The transaction was an acquisition of shares valued at $552.17 per share.
- Following this transaction, Roughead beneficially owns 12,210 shares of common stock.
- The shares acquired are part of a deferred stock unit account under the Northrop Grumman 2024 Long-Term Incentive Stock Plan, exempt under Rule 16b-3.
- The filing also notes that dividends earned on shares held in the stock unit account are exempt from Section 16 reporting.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine insider transaction under a long-term incentive plan without indicating significant positive or negative developments for the company.
Positives
- Director Gary Roughead continues to hold a significant number of shares (12,210) in Northrop Grumman, indicating continued investment.
- The transaction was made under a long-term incentive stock plan, suggesting alignment with long-term company performance.
- The acquisition of shares at $552.17 per share reflects a valuation of the company's stock.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which solely reports a past transaction.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in the aerospace and defense industry, providing transparency on executive and director shareholdings and activities.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Stock Plan Administration | Transaction occurred under the Northrop Grumman 2024 Long-Term Incentive Stock Plan and the Northrop Grumman 2011 Long-Term Incentive Stock Plan. | N/A | Demonstrates ongoing use and administration of executive compensation plans. |
| Reporting Exemption | Acquisition of shares deferred into a stock unit account pursuant to the Plan is exempt pursuant to Rule 16b-3. | N/A | Indicates adherence to SEC rules for reporting insider transactions, specifically exemptions for certain plan-based activities. |
Stakeholder Impact
- Shareholders: The filing provides transparency on director share ownership and transactions, which is a standard aspect of corporate governance that can influence investor confidence.
- Management and Employees: The transaction relates to the company's long-term incentive stock plans, which are designed to align management and employee interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Earliest transaction date reported and transaction date for acquisition of common stock. |
| 05/21/2026 | Date of signature for the filing. |
Keywords
Northrop Grumman, Form 4, SEC Filing, Insider Trading, Director Transaction, Stock Acquisition, Long-Term Incentive Plan, Beneficial Ownership
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