Short answer
Northrop Grumman (NOC) filed an 8-K current report with the SEC on August 21, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Kathy Warden received a one-time performance-based award covering 35,910 target market stock units.
Northrop Grumman 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Kathy Warden received a one-time performance-based award covering 35,910 target market stock units
- Payout ranges from 0% to 150% based on absolute stock performance through December 31, 2031
- Target payout requires at least 10% stock-price appreciation
- Award pays 0% after more than 25% depreciation and 150% at 50% or greater appreciation
- Continued service through the performance period generally required, strengthening long-term retention incentives
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