Northrop Grumman DEF 14A: Executive Pay & Governance
Ticker: NOC · Form: DEF 14A · Filed: 2024-04-03T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, governance, proxy-statement
Related Tickers: NGMM
TL;DR
NGMM DEF 14A out: Executive comp details for 2023. Check it.
AI Summary
Northrop Grumman Corp. filed its DEF 14A on April 3, 2024, detailing executive compensation and corporate governance for the fiscal year ending December 31, 2023. The filing includes information on stock awards, pension adjustments, and other compensation-related matters for its key executives. Specific financial figures for these adjustments are detailed within the extensive filing.
Why It Matters
This filing provides crucial transparency into how Northrop Grumman compensates its top executives and the governance structures in place, which can influence investor confidence and strategic decisions.
Risk Assessment
Risk Level: medium — DEF 14A filings, while routine, can reveal details about executive compensation and corporate governance that may impact investor sentiment and stock performance.
Key Numbers
- 2023-12-31 — Fiscal Year End (Reporting period for compensation details.)
- 20240403 — Filing Date (Date the DEF 14A was submitted to the SEC.)
Key Players & Entities
- NORTHROP GRUMMAN CORP /DE/ (company) — Filer
- 2980 FAIRVIEW PARK DRIVE (address) — Business and Mailing Address
- FALLS CHURCH, VA (location) — Business and Mailing City/State
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, including the election of directors and executive compensation.
When was Northrop Grumman's fiscal year end for this filing?
The fiscal year end for this filing was December 31, 2023.
What specific types of compensation adjustments are mentioned in the filing?
The filing mentions adjustments related to annual stock awards, changes in pension values, pension service costs, prior pension service costs, and equity award adjustments.
Who is the filer of this DEF 14A?
The filer is NORTHROP GRUMMAN CORP /DE/.
What is the SEC file number for Northrop Grumman?
The SEC file number for Northrop Grumman is 001-16411.
From the Filing
0001133421-24-000021.txt : 20240403 0001133421-24-000021.hdr.sgml : 20240403 20240403160242 ACCESSION NUMBER: 0001133421-24-000021 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 184 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHROP GRUMMAN CORP /DE/ CENTRAL INDEX KEY: 0001133421 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 800640649 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-16411 FILM NUMBER: 24818623 BUSINESS ADDRESS: STREET 1: 2980 FAIRVIEW PARK DRIVE STREET 2: C/O NORTHROP GRUMMAN CORP CITY: FALLS CHURCH STATE: VA ZIP: 22042 BUSINESS PHONE: 703-280-2900 MAIL ADDRESS: STREET 1: 2980 FAIRVIEW PARK DRIVE STREET 2: C/O NORTHROP GRUMMAN CORP CITY: FALLS CHURCH STATE: VA ZIP: 22042 FORMER COMPANY: FORMER CONFORMED NAME: NNG INC DATE OF NAME CHANGE: 20010129 DEF 14A 1 noc-20240403.htm DEF 14A noc-20240403 DEF 14A FALSE NORTHROP GRUMMAN CORP /DE/ 0001133421 0001133421 2023-01-01 2023-12-31 xbrli:pure iso4217:USD 0001133421 2022-01-01 2022-12-31 0001133421 2021-01-01 2021-12-31 0001133421 2020-01-01 2020-12-31 0001133421 noc:AdjustmentAnnualStockAwardMember ecd:PeoMember 2023-01-01 2023-12-31 0001133421 noc:AdjustmentChangeInPensionValueMember ecd:PeoMember 2023-01-01 2023-12-31 0001133421 ecd:PeoMember noc:AdjustmentPensionServiceCostMember 2023-01-01 2023-12-31 0001133421 noc:AdjustmentPriorPensionServiceCostMember ecd:PeoMember 2023-01-01 2023-12-31 0001133421 ecd:PeoMember noc:AdjustmentEquityAwardAdjustmentsMember 2023-01-01 2023-12-31 0001133421 noc:AdjustmentAnnualStockAwardMember ecd:PeoMember 2022-01-01 2022-12-31 0001133421 noc:AdjustmentChangeInPensionValueMember ecd:PeoMember 2022-01-01 2022-12-31 0001133421 ecd:PeoMember noc:AdjustmentPensionServiceCostMember 2022-01-01 2022-12-31 0001133421 noc:AdjustmentPriorPensionServiceCostMember ecd:PeoMember 2022-01-01 2022-12-31 0001133421 ecd:PeoMember noc:AdjustmentEquityAwardAdjustmentsMember 2022-01-01 2022-12-31 0001133421 noc:AdjustmentAnnualStockAwardMember ecd:PeoMember 2021-01-01 2021-12-31 0001133421 noc:AdjustmentChangeInPensionValueMember ecd:PeoMember 2021-01-01 2021-12-31 0001133421 ecd:PeoMember noc:AdjustmentPensionServiceCostMember 2021-01-01 2021-12-31 0001133421 noc:AdjustmentPriorPensionServiceCostMember ecd:PeoMember 2021-01-01 2021-12-31 0001133421 ecd:PeoMember noc:AdjustmentEquityAwardAdjustmentsMember 2021-01-01 2021-12-31 0001133421 noc:AdjustmentAnnualStockAwardMember ecd:PeoMember 2020-01-01 2020-12-31 0001133421 noc:AdjustmentChangeInPensionValueMember ecd:PeoMember 2020-01-01 2020-12-31 0001133421 ecd:PeoMember noc:AdjustmentPensionServiceCostMember 2020-01-01 2020-12-31 0001133421 noc:AdjustmentPriorPensionServiceCostMember ecd:PeoMember 2020-01-01 2020-12-31 0001133421 ecd:PeoMember noc:AdjustmentEquityAwardAdjustmentsMember 2020-01-01 2020-12-31 0001133421 noc:AdjustmentAnnualStockAwardMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001133421 noc:AdjustmentChangeInPensionValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001133421 ecd:NonPeoNeoMember noc:AdjustmentPensionServiceCostMember 2023-01-01 2023-12-31 0001133421 noc:AdjustmentPriorPensionServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001133421 ecd:NonPeoNeoMember noc:AdjustmentEquityAwardAdjustmentsMember 2023-01-01 2023-12-31 0001133421 noc:AdjustmentAnnualStockAwardMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001133421 noc:AdjustmentChangeInPensionValueMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001133421 ecd:NonPeoNeoMember noc:AdjustmentPensionServiceCostMember 2022-01-01 2022-12-31 0001133421 noc:AdjustmentPriorPensionServiceCostMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001133421 ecd:NonPeoNeoMember noc:AdjustmentEquityAwardAdjustmentsMember 2022-01-01 2022-12-31 0001133421 noc:Adjustm