This is a routine CEO retention grant with no immediate trading signal. Monitor for any future insider selling by Ms. Warden that could indicate her view on the achievability of the performance targets.
Price Chart
Executive Summary
Northrop Grumman filed an 8-K reporting that the independent board approved a one-time performance-based equity grant of up to 35,910 Market Stock Units (MSUs) to CEO Kathy J. Warden. The award vests based on absolute stock price performance through 2031, with a target requiring at least 10% appreciation. This is a routine compensatory arrangement with no material financial impact on the company's operations or earnings.
Key Facts
- Board approved a one-time grant of performance-based MSUs to CEO Kathy J. Warden.
- Target award is 35,910 MSUs; payout ranges from 0% to 150% of target.
- Performance period ends December 31, 2031; 0% payout if stock depreciates >25%, 150% if it appreciates ≥50%.
- Target payout requires at least 10% stock price appreciation.
- Award is subject to continued service through the performance period.
Financial Impact
No cash impact; equity grant value depends on future stock price performance. Target 35,910 MSUs at current market cap of $80.1B is immaterial.
Risk Factors
- No material risks identified from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-058480 |
| Document: 0001628280-26-058480-index-headers.html | 0001628280-26-058480 |
| Document: 0001628280-26-058480-index.html | 0001628280-26-058480 |
| Document: 0001628280-26-058480.txt | 0001628280-26-058480 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 5w ago | 8-K | $549.28 $509.86 | ▼ −7.18% | ▼ −8.49% | $478.00 (−12.98%) |
Jul 21, 2026 10w ago | Press Release | $512.29 $589.14 | ▲ +15.00% | ▲ +12.44% | $478.00 (−6.69%) |
Jul 21, 2026 10w ago | 8-K | $512.29 $589.14 | ▲ +15.00% | ▲ +12.44% | $478.00 (−6.69%) |
Jun 18, 2026 15w ago | Press Release | $521.50 $518.65 | ▼ −0.55% | ▼ −1.08% | $478.00 (−8.34%) |
Apr 21, 2026 23w ago | S-3ASR | $589.05 $556.34 | ▼ −5.55% | ▼ −8.72% | $478.00 (−18.85%) |
Apr 21, 2026 23w ago | Press Release | $611.06 $550.00 | ▼ −9.99% | ▼ −14.91% | $478.00 (−21.78%) |
Apr 21, 2026 23w ago | 8-K | $611.06 $550.00 | ▼ −9.99% | ▼ −14.91% | $478.00 (−21.78%) |
Mar 19, 2026 28w ago | Press Release | $711.07 $664.52 | ▼ −6.55% | ▼ −14.17% | $478.00 (−32.78%) |
Feb 27, 2026 31w ago | Insider Cluster | $724.42 $676.67 | ▼ −6.59% | ▲ +0.96% | $478.00 (−34.02%) |
US Market Status
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