NORTHROP GRUMMAN CORP /DE/ — Form 10-Q
Filed October 20, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 18/100
What the filing says
Northrop Grumman granted Market Stock Units (MSUs) to executives under its 2024 Long-Term Incentive Stock Plan, with a performance period from August 19, 2026 to December 31, 2031. Vesting is performance-based, determined by stock price change over the period, with payment in shares or cash within 60 days of vesting (by March 15 of the following year). The agreement includes restrictive covenants: 12-month non-compete, 18-month customer non-solicitation, and 24-month employee non-solicitation; violations trigger forfeiture and clawback of vested awards within one year prior to breach.
Why this rating
Standard executive compensation plan; document is boilerplate grant agreement template. No material transaction, financing, or business change disclosed. MSU values and recipient counts not specified in filing.
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