Northrop Grumman grants CEO Kathy Warden one-time performance-based stock award
Northrop Grumman's independent directors approved a one-time performance-based equity grant to Chair, CEO and President Kathy J. Warden on August 19, 2026. The award pays out based on the company's absolute stock price change through December 31, 2031, and is tied to her continued service, which links her pay directly to shareholder returns.
Key points
- Award approved by independent directors on August 19, 2026; disclosed in an 8-K dated August 21, 2026
- Target award is 35,910 Market Stock Units (MSUs), with payout ranging from 0% to 150% of target
- Performance period ends December 31, 2031; full target payout requires at least 10% stock price appreciation
- Payout is 0% if the stock falls more than 25% and 150% if it rises 50% or more
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 21, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.