NORTHROP GRUMMAN CORP /DE/
For the period ended Jun 30, 2025. Filed Jul 22, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 22, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
9. Stock Compensation Plans and Other Compensation Arrangements
- STOCK COMPENSATION PLANS AND OTHER COMPENSATION ARRANGEMENTS
Stock Awards
The following table presents the number of restricted stock rights (RSRs) and restricted performance stock rights (RPSRs) granted to employees under the company’s long-term incentive stock plan and the grant date aggregate fair value of those stock awards for the periods presented:
| in millions | 2025 | 2024 |
|---|---|---|
| RSRs granted | 0.1 | 0.1 |
| RPSRs granted | 0.1 | 0.2 |
| Grant date aggregate fair value | $104 | $105 |
RSRs typically vest on the third anniversary of the grant date, while RPSRs generally vest and pay out based on the achievement of certain performance metrics and market conditions over a three-year period.
-13-
Cash Awards
The following table presents the minimum and maximum aggregate payout amounts related to cash units (CUs) and cash performance units (CPUs) granted to employees in the periods presented:
| $ in millions | 2025 | 2024 |
|---|---|---|
| Minimum aggregate payout amount | $35 | $35 |
| Maximum aggregate payout amount | 198 | 200 |
CUs typically vest and settle in cash on the third anniversary of the grant date, while CPUs generally vest and pay out in cash based on the achievement of certain performance metrics over a three-year period.
-14-
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.