Company: NOC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001133421-25-000016
Chunk: 28

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 28
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 |                 |    854 |     |                |     — |     |    854 |       |
| Gary Roughead        |     |                 | 11,237 |     |                |     — |     | 11,237 |       |
| Thomas M. Schoewe    |     |                 | 12,577 |     |                |     — |     | 12,577 |       |
| James S. Turley      |     |                 |  5,254 |     |                |     — |     |  5,254 |       |
| Mark A. Welsh III    |     |                 |  3,940 |     |                |     — |     |  3,940 |       |
| Mary A. Winston      |     |                 |    783 |     |                |     — |     |    783 |       |

#### 46Northrop Grumman
Proposal 2: Advisory Vote on Compensation of Named Executive Officers

Consistent with Section 14A of the Exchange Act, we are providing our shareholders with the opportunity to cast a non-binding, advisory vote on the compensation of our NEOs. This advisory vote, commonly known as “say-on-pay,” gives our shareholders the opportunity to express their views on our 2024 executive compensation programs and policies for our NEOs. The vote does not address any specific item of compensation and is not binding on the Board; however, as an expression of our shareholders’ views, the Compensation and Human Capital Committee seriously considers the vote when making future executive compensation decisions. The Board has adopted a policy of providing for annual advisory votes on the compensation of our NEOs.

We believe our compensation programs reflect responsible, measured practices that effectively incentivize our executives to dedicate themselves fully to value creation for our shareholders, customers and employees. Our pay practices are aligned with our shareholders’ interests and with leading industry practice and are governed by a set of strong policies. Examples include:

• Double-trigger provisions for change in control situations, and no excise tax gross-ups for payments upon termination after a change in control;

• A recoupment policy applicable to cash and equity incentive compensation payments;

• Stock ownership guidelines of 7x base salary for the CEO and 3x base salary for other NEOs, and stock holding requirements of three years from the date paid for 50% of all net after-tax shares received; and

• Prohibitions on hedging or pledging of Company stock.

For