Salary

$1.64M

Board Justification

Northrop Grumman's compensation philosophy for the CEO in 2022 focused on aligning executive compensation with company performance, shareholder interests, and long-term value creation. The compensation structure included a mix of fixed and variable pay, with a significant portion tied to performance metrics and long-term incentives.

Bonus

$3.98M

Board Justification

The bonus for Kathy J. Warden in 2022 was determined based on the company's performance metrics, including financial and non-financial goals. The performance metrics included Adjusted Cash Flow from Operations, Adjusted Segment Operating Income Growth, and Pension-Adjusted OM Rate, among others. The overall company performance factor was determined to be 134%, which influenced the final bonus payout.

Other

$801.86K

Board Justification

Other compensation for Kathy J. Warden in 2022 included perquisites such as security protection, financial planning services, and contributions to defined contribution and deferred compensation plans.

Restricted Stock

$22.30M(47.95K RSR)

Board Justification

The vested stock for Kathy J. Warden in 2022 consisted of Restricted Performance Stock Rights (RPSRs) and Restricted Stock Rights (RSRs) that were granted in previous years and vested based on the company's performance over a three-year period. The 2020 RPSRs vested based on the three-year performance period which ended on December 31, 2022, and were distributed in February 2023.

Performance Metrics

The performance metrics for determining the CEO's compensation in 2022 included financial metrics such as Adjusted Cash Flow from Operations, Adjusted Segment Operating Income Growth, and Pension-Adjusted OM Rate, as well as non-financial metrics related to diversity, employee experience, environmental sustainability, quality, and customer satisfaction.

SEC Filing

From April 3, 2024

View SEC Filing