Benjamin R. Davies, an officer at Northrop Grumman Corp, has recently reported transactions involving the company's stock in a filing with the SEC. This filing is significant as it provides insights into executive compensation and ownership changes within the defense sector.

Background

Northrop Grumman Corp, identified by CIK 0001133421, operates in the manufacturing sector, specifically focusing on search, detection, navigation, guidance, and aeronautical systems. The company is publicly traded and has been active in various financial filings, including Form 4 submissions, which detail insider trading activities.

What the Filing Says

The recent filing, dated November 4, 2026, reveals that Davies executed several stock transactions on November 2, 2026. He acquired 641 shares of common stock at no cost and disposed of 281 shares at a price of $555.32 each. Following these transactions, Davies holds a total of 792 shares directly.

Impact

These transactions may influence shareholder perceptions and reflect on Northrop Grumman's executive compensation practices. As the defense industry continues to evolve, such disclosures are vital for maintaining transparency and trust among investors and stakeholders.

What's Next

The filing does not say what happens next.

Additional Transactions

In addition to the acquisition and disposal of common stock, the filing indicates that Davies also executed a transaction involving Restricted Stock Rights (RSRs) on the same date, November 2, 2026. He acquired 641 RSRs, which are contingent rights to receive an equivalent number of shares in the company's common stock upon vesting. This transaction further increases his total shareholding to 5,803 shares following the transaction.

Nature of Ownership

Davies' ownership of the common stock is categorized as direct ownership, indicating that he has full control over the shares. Furthermore, he holds a small amount of stock (0.0015 shares) in the Northrop Grumman Savings Plan, a qualified defined contribution plan, which reflects the company's commitment to employee investment in its future.

Future Vesting of Restricted Stock Rights

The filing outlines that Davies holds additional RSRs that are set to vest in the coming years. Specifically, he has 1,008 RSRs granted under the 2011 Long-Term Incentive Stock Plan that will vest on February 16, 2027, and 638 RSRs that will vest on August 2, 2027. This ongoing accumulation of stock rights underscores the alignment of executive compensation with long-term company performance.