Company: NOC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001133421-25-000016
Chunk: 80

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 80
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 the circumstances under which the recoupment of incentive compensation may be warranted, while providing the Board with the necessary authority and discretion to act in the best interests of the Company and its shareholders by taking into account particular facts and circumstances. Mandating prescriptive measures, as suggested in the proposal, would inhibit the Board’s ability to exercise sound judgment in the complex situations surrounding recovery of incentive compensation. Proposal 4 risks creating a one-size-fits-all approach to executive accountability, which creates risk that recoupment would be triggered when such action is not warranted.

We are dedicated to maintaining a reputation for the highest levels of ethics, integrity and transparency.

We are dedicated to maintaining high standards of corporate governance and strive to maintain a culture of accountability in which ethical conduct is encouraged and rewarded and improper conduct is appropriately addressed. In addition to the Company Recoupment Policy, we also maintain Standards of Business Conduct, which define our expectations for ethical decision-making, responsibility and accountability and apply to all employees, including our executive officers.

With respect to transparency surrounding recoupment efforts, the Company is committed to disclosing the aggregate amount recovered if the underlying event has previously been disclosed by the Company in its filings with the SEC or otherwise, and disclosure is permitted. Therefore, the proposal’s request that the Board “report to shareholders in each annual meeting proxy the results of any deliberations regarding the policy…about whether or not to cancel or seek recoupment…” is unnecessary. The Company’s commitment to ethical conduct, accountability and transparency is rooted in our culture. Our executives seek to embody our values and act with integrity in all that they do. Together with our Company Recoupment

1 Filed as Exhibit 97.1 to the Form 10-K for the year ended December 31, 2023, filed January 25, 2024.

#### 2025 Proxy Statement93

#### Proposal 4: Shareholder Proposal
Policy, we believe our policies and practices address the issues of proper business conduct and appropriate accountability for our executives in a way that protects shareholder interests.

In summary, the Board of Directors recommends that shareholders vote against Proposal 4. Our Company Recoupment Policy already provides a comprehensive mechanism for accountability and implementing the proposal would therefore be unnecessary and would also create confusion and complexity which would result in outcomes that may not be in the best interests of shareholders.

#### Vote Required
Approval of this proposal requires that the votes cast “for” the proposal exceed the votes cast “against” the proposal. Abstentions and broker non-votes will have