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Northrop Grumman Executive Compensation (FY25)

NOC · Falls Church, VA · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): May 21, 2026
14 filings cited on this page
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Northrop Grumman brief$1,500Get the executive brief
294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Kathy Warden
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kathy Warden: $24,359,199 → $25,357,443 (4.1% higher)
Say-on-pay support: 94.5% → 95.4% (0.9 points higher)
CEO pay ratio: 222:1 → 224:1 (0.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Northrop Grumman's chief executive and what were they paid?
Kathy Warden was paid $25,357,443 in total compensation as Chair, Chief Executive Officer and President for fiscal 2025. Warden's total was 4.1% higher than the $24,359,199 reported for fiscal 2024.
What was Northrop Grumman's say-on-pay result?
Shareholders supported the say-on-pay proposal with 95.4% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in Northrop Grumman's peer group?
The disclosed peer group includes 3M Company, Applied Materials, Inc., Caterpillar, Inc., Cisco Systems, Inc. and Cummins Inc., among others. Companies named in the Performance Peer Group include General Dynamics Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, RTX Corporation and The Boeing Company. The 2023 TSR Peer Group names Huntington Ingalls Industries, Inc., Leidos Holdings, Inc. and Leonardo.
What is Northrop Grumman's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 224:1, against median employee compensation of $112,998.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kathy Warden
Chair, Chief Executive Officer and President
◇—◇—◇—◇◇
David Keffer
Corporate Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Mark Caylor
Corporate Vice President and President, Mission Systems
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kathy Warden
Chair, Chief Executive Officer and President
◇—◇—◇◇◇◇
Mark Caylor
Corporate Vice President and President, Mission Systems
◇—◇—◇◇◇◇
David Keffer
Corporate Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Thomas H. Jones
Corporate Vice President and President, Aeronautics Systems
◇—◇—◇—◇◇
Roshan Roeder
Corporate Vice President and President, Mission Systems
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kathy J. Warden
Chair, Chief Executive Officer and President
◇—◇—◇◇◇◇
David F. Keffer
Former Corporate Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Thomas H. Jones
Corporate Vice President and President, Aeronautics Systems
◇—◇—◇—◇◇
Robert J. Fleming
Corporate Vice President and President, Space Systems
◇—◇—◇◇◇◇
Roshan S. Roeder
Corporate Vice President and President, Mission Systems
◇—◇—◇◇◇◇
Kenneth B. Crews
Corporate Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kathy Warden
Chair, Chief Executive Officer and President
◇—◇—◇◇◇◇
Robert Fleming
Corporate Vice President and President, Space Systems
◇—◇—◇◇◇◇
Roshan Roeder
Corporate Vice President and President, Mission Systems
◇—◇—◇◇◇◇
Thomas Jones
Corporate Vice President and President, Aeronautics Systems
◇—◇—◇—◇◇
Kenneth Crews
Corporate Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Kathy WardenPSU◇——◇——◇
Kathy WardenRSU◇——◇——◇
Kenneth CrewsRSU◇——◇——◇
Kenneth CrewsPSU◇——◇——◇
Robert FlemingPSU◇——◇——◇
Robert FlemingRSU◇——◇——◇
Roshan RoederRSU◇——◇——◇
Roshan RoederPSU◇——◇——◇
Thomas JonesRSU◇——◇——◇
Thomas JonesPSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kenneth CrewsRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Thomas JonesRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Kathy WardenRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Robert FlemingPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Roshan RoederPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Madeleine A. Kleiner
Lead independent director
◇◇———◇◇
Marianne C. Brown
◇◇———◇◇
Thomas M. Schoewe
◇◇———◇◇
Gary Roughead
◇◇———◇◇
Ann M. Fudge
◇◇———◇◇
Kimberly A. Ross
◇◇———◇◇
David P. Abney
◇◇———◇◇
James S. Turley
◇◇———◇◇
Mark A. Welsh III
◇◇———◇◇
Arvind Krishna
◇◇———◇◇
Mary A. Winston
◇◇———◇◇
Graham N. Robinson
◇————◇◇
Kathy J. Warden and Christopher W. Grady served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee member◇
Equity is delivered as Automatic Stock Units.
Stock ownership guideline: 5x annual cash retainer ($725,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Applied Materials, Inc. AMAT
  • Caterpillar, Inc. CAT
  • Cisco Systems, Inc. CSCO
  • Cummins Inc. CMI
  • Deere & Company DE
  • Eaton Corporation plc ETN
  • Emerson Electric Company EMR
  • Honeywell International, Inc. HON
  • Illinois Tool Works Inc. ITW
  • Johnson Controls International plc JCI
  • Lam Research Corporation LRCX
  • Medtronic plc MDT
  • PACCAR Inc. PCAR
  • Parker-Hannifin Corporation PH
  • QUALCOMM Inc. QCOM
Performance Peer Group
  • General Dynamics Corporation GD
  • L3Harris Technologies, Inc. LHX
  • Lockheed Martin Corporation LMT
  • RTX Corporation RTX
  • The Boeing Company BA
2023 TSR Peer Group
  • Huntington Ingalls Industries, Inc. HII
  • Leidos Holdings, Inc. LDOS
  • Leonardo DRS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 15, 2019=◇◇◇
2017May 16, 2018=◇◇◇
2016May 17, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Northrop Grumman disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Northrop Grumman sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints.
284 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001628280-26-037375
    ITEM 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001133421-26-000007
    2025 Director Compensation · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0001133421-25-000035
    ITEM 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0001133421-25-000016
    Summary Compensation Table
  5. 0001133421-24-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001133421-24-000021
    Summary Compensation Table
  7. 0001133421-23-000031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001133421-23-000021
    Summary Compensation Table
  9. 0001133421-22-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001133421-21-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001133421-20-000031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001133421-19-000033
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001133421-18-000017
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001133421-17-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “Northrop Grumman executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NOC (accessed 2026).
Short form: data: Velarion

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14 filings cited on this page
Method: intel.velarion.ai/methodology
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Peers Northrop Grumman discloses

The companies named in NOC's own disclosed peer group.

3M CompanyApplied Materials, Inc.Caterpillar, Inc.Cisco Systems, Inc.Cummins Inc.Deere & CompanyEaton Corporation plcEmerson Electric CompanyHoneywell International, Inc.Illinois Tool Works Inc.Johnson Controls International plcLam Research CorporationMedtronic plcPACCAR Inc.Parker-Hannifin CorporationQUALCOMM Inc.General Dynamics CorporationL3Harris Technologies, Inc.Lockheed Martin CorporationRTX CorporationThe Boeing CompanyHuntington Ingalls Industries, Inc.Leidos Holdings, Inc.Leonardo

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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