Company: NOC
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001133421-25-000016
Chunk: 32

Company: NORTHROP GRUMMAN CORP /DE/
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 32
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 business objectives. The key elements of our compensation programs for our NEOs are summarized below.

| Compensation Element                                           |     | CEO |     | Other NEOs 
 (Average)  |     | Purpose                                                                                                                                                             |     | Key Characteristics                                                                                                                              |
| Fixed                                                          |     | 8%  |     | 17%        |     |                                                                                                                                                                     |     |                                                                                                                                                  |
| Base Salary                                                    |     |     |     |            |     | Compensate equitably and competitively                                                                                                                              |     | •Determined by level of responsibility, competitive market pay assessment and individual performance                                             |
| Variable                                                       |     | 92% |     | 83%        |     |                                                                                                                                                                     |     |                                                                                                                                                  |
| Annual Incentive Plan (AIP)                                    |     |     |     |            |     | Motivate and reward achievement of annual business objectives                                                                                                       |     | •90% Financial Metrics                                                                                                                           
 •35% Adjusted Cash Flow from Operations*                                                                                                         
 •35% Segment Operating Income* Growth                                                                                                            
 •20% Pension-Adjusted Operating Margin (OM) Rate*                                                                                                
 •10% Non-financial Metrics                                                                                                                       |
| Long-Term Incentive Plan (LTIP) Restricted Stock Rights (RSRs) |     |     |     |            |     | Tie our executive officers’ priorities to shareholders’ and retain executive talent                                                                                 |     | •30% of annual LTIP grant                                                                                                                        
 •Three-year cliff vesting                                                                                                                        |
| LTIP Restricted Performance Stock Rights (RPSRs)               |     |     |     |            |     | Link the interests of our executive officers to those of our shareholders, motivate and reward achievement of long-term strategic goals and retain executive talent |     | •70% of annual LTIP grant                                                                                                                        
 •Three-year performance period                                                                                                                   
 •Equally weighted metrics of Adjusted Cumulative Free Cash Flow* (Adjusted Cumulative FCF*), Return on Invested Capital* (ROIC) and relative TSR |

* This metric is a non-GAAP financial measure. For more information, see “Appendix A - Use of Non-GAAP Financial Measures.”

#### 2025 Proxy Statement51

#### Executive Compensation

#### 2024 Performance Highlights
| Strong demand drove backlog of$91.5B |     | Sales grew 4.4% to$41.0B                        |
| Operating Cash Flow of$4.4B          
 Adjusted Free Cash Flow*