Company: NOC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001133421-25-000016
Chunk: 24

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 24
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/24) |     |         |           Amount ($) 
 (5/15/24 - 12/31/24) |
| Annual Cash Retainer               |     |                    |     | 140,000 |              145,000 |
| Lead Independent Director Retainer |     |                    |     |  50,000 |               50,000 |
| Committee Chair Retainer           |     |                    |     |  25,000 |               25,000 |
| Audit and Risk Committee Retainer  |     |                    |     |  15,000 |               15,000 |
| Annual Equity Grant                |     | 175,000(1)         |     |         |           182,500(2) |

(1) The annual equity grant is deferred into a stock unit account pursuant to the 2011 Long-Term Incentive Stock Plan (2011 Plan) as described below. The Northrop Grumman Corporation Equity Grant Program for Non-Employee Directors sets forth the terms and conditions of the equity awards granted to non-employee directors under the 2011 Plan.

(2) The annual equity grant is deferred into a stock unit account pursuant to the 2024 Long-Term Incentive Stock Plan (2024 Plan) as described below. The Northrop Grumman Corporation Equity Grant Program for Non-Employee Directors (amended and restated effective May 15, 2024) sets forth the terms and conditions of the equity awards granted to non-employee directors under the 2024 Plan, including the timing of the 2024 grant made on July 31, 2024.

| Current Non-Employee Director Fees |     | Current Additional Annual Fees |

Retainer fees are paid in arrears on a quarterly basis at the end of each quarter.

To encourage directors to have a direct and material investment in shares of our common stock, non-employee directors are awarded an annual equity grant of $182,500 in the form of deferred stock units (Automatic Stock Units).

The Compensation and Human Capital Committee, with the assistance of its independent compensation consultant, is responsible for reviewing and recommending for Board approval the compensation of the non-employee directors. At the request of the Compensation and Human Capital Committee, the independent compensation consultant prepares annually a comprehensive benchmarking of our non-employee director compensation program against the compensation programs offered by our Target Industry Peer Group (the same peer group against which executive compensation is compared). Consistent with this benchmark