Northrop Grumman approves 2024 executive incentive metrics and long-term equity awards

NORTHROP GRUMMAN CORP /DE/

ICP 2024 metrics: cash flow from operations (35%), segment operating income growth (35%), adjusted operating margin (20%), non-financial (10%).
Non-financial metrics include diversity/inclusion, environmental sustainability, customer quality and satisfaction.
Awarded RPSR for 2024-2026 measured on cumulative free cash flow (1/3), ROIC (1/3), relative TSR (1/3).
RSR awards granted with vesting on February 14, 2027; no stock options awarded for 2024.
No material changes from 2023 in terms of RPSR and RSR awards for NEOs.

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