secwatch.observer — SEC 8-K summary
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Issuer:     NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK:        0001133421
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001628280-26-008140
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrop Grumman elects Admiral Christopher Grady to board, names Turley lead independent director
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- Admiral Grady, former Vice Chairman of Joint Chiefs, elected to board effective Feb 12, 2026; board expands to 13 members.
- Grady receives $145K annual cash retainer plus $15K for Audit and Risk Committee; $182.5K equity grant in deferred stock units.
- James S. Turley named Lead Independent Director effective May 20, 2026, succeeding Madeleine A. Kleiner retiring.
- Compensation Committee approved 2026 ICP metrics: cash flow (20%), segment operating income (25%), sales (25%), strategic (30%).
- RPSR awards for 2026-2028 based on free cash flow, ROIC, and relative TSR vs S&P 500; RSR vest Feb 2029; no stock options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133421/000162828026008140/0001628280-26-008140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133421/000162828026008140/noc-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-008140

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer