Northrop Grumman Corporation elected Admiral Christopher W. Grady to its Board of Directors effective February 12, 2026, appointing him to the Audit and Risk Committee and Policy Committee, and increased the Board size from 12 to 13 members. The Board also approved 2026 incentive compensation goals and metrics for named executive officers under the ICP and RPSR awards.
Key takeaways
Admiral Christopher W. Grady elected to Board effective February 12, 2026
Admiral Grady appointed to Audit and Risk Committee ($15,000 additional retainer) and Policy Committee
Admiral Grady annual cash retainer $145,000; equity grant $182,500 in deferred stock units, prorated for 2026
Board size increased from 12 to 13 members on February 12, 2026
James S. Turley designated Lead Independent Director effective May 20, 2026, succeeding Madeleine A. Kleiner
2026 ICP metrics: cash flow from operations before discretionary pension funding (20%), segment operating income (25%), sales (25%), strategic performance metrics (30%)
RPSR 2026-2028 metrics: cumulative free cash flow (1/3), return on invested capital (1/3), relative TSR vs S&P 500 (1/3)