other material
confidence high
sentiment neutral
materiality 0.35
Northrop Grumman awards CEO Warden 35,910 performance-based MSUs tied to stock price through 2031
NORTHROP GRUMMAN CORP /DE/
- Independent Board approved one-time grant of 35,910 Market Stock Units (MSUs) to CEO Kathy J. Warden.
- Payout ranges 0%-150% based on absolute stock price performance; target requires at least 10% appreciation.
- 0% payout if stock price declines >25%; 150% payout if it appreciates >=50%.
- Award subject to Warden's continued service through Dec 31, 2031 performance period.
- Grant intended to sustain leadership and align with shareholder/customer interests.