Northrop Grumman CVP Benjamin R. Davies Reports Routine Equity Vesting & Tax Withholding

Executive Summary

On November 4, 2026, Northrop Grumman Corp ($NOC) filed a Form 4 for Benjamin R. Davies, Corporate Vice President & President, Defense Systems. The filing reports the routine vesting of 641 Restricted Stock Rights (RSRs) into common stock and an associated disposition of 281 shares withheld for tax obligations at $555.32 per share on November 2, 2026.

Transaction Breakdown

• RSR Vesting (Code M): 641 shares of common stock were acquired upon the vesting of restricted stock rights granted on November 1, 2023, under the 2011 Long-Term Incentive Stock Plan.
• Tax Withholding (Code F): 281 shares were automatically withheld to satisfy tax liability at a price of $555.32 per share, representing a total value of $156,044.92.
• Net Share Increase: Direct ownership increased by a net of 360 shares (from 151 to 511 shares).
• Additional Holdings: Davies retains 5,803 unvested RSRs scheduled to vest through February 2029, alongside approximately 0.0015 shares held indirectly through the Northrop Grumman Savings Plan.

Market and Trading Context

Because these transactions consist solely of scheduled equity vesting and automatic tax withholding rather than discretionary open-market purchases or sales, the filing carries low trading significance.