NORTHROP GRUMMAN CORP /DE/ (NOC) Form 8-K — Aug 21, 2026
Northrop Grumman's independent directors approved a one-time performance-based equity grant of 35,910 target Market Stock Units to Chair, CEO and President Kathy J. Warden on August 19, 2026, which the board said recognizes and is intended to sustain her critical leadership contributions. The award pays out at 0% to 150% of target based on the company's absolute stock price through December 31, 2031, with zero payout if the stock depreciates more than 25%, target payout requiring at least 10% appreciation, and the full 150% payout requiring 50% or more appreciation.
Key figures
- Payout range
- 0% to 150% of target
- Max payout threshold
- 50% or more stock price appreciation
- Zero payout threshold
- more than 25% stock price depreciation
- Performance period end
- December 31, 2031
- Target payout threshold
- at least 10% stock price appreciation
- Target market stock units
- 35910
Price after filing
Close on the filing date to close N calendar days later (from $551.03). Historical, not a forecast.
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