Northrop Grumman Corporation 8-K

Summary

One-time performance-based equity award for CEO, Chair and President Kathy J. Warden. The award is intended to recognize and sustain her leadership contributions and align her interests with shareholders and customers.

Key Figures

• Target award: 35,910 Market Stock Units, with a 0%–150% payout based on absolute stock-price change through 12/31/2031. Target payout requires at least 10% appreciation; payout is 0% if depreciation exceeds 25% and 150% if appreciation is at least 50%.
• The award is generally subject to Warden’s continued service through the performance period.

Investor Takeaways

• The performance period ends 12/31/2031; the eventual payout depends on stock-price performance and Warden’s continued service.