On August 19, 2026, Northrop Grumman's (NOC) independent directors approved a one-time performance-based equity award for Chair, CEO and President Kathy J. Warden. The grant targets 35,910 Market Stock Units (MSUs), and what she actually receives depends on the stock's absolute price move through December 31, 2031: a drop of more than 25% means zero payout, at least 10% appreciation earns the full target amount, and a gain of 50% or more pays out the maximum of 150%. She also has to remain with the company throughout the performance period to earn anything.
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