John Donovan - 31 Dec 2021 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LMT	Phantom Stock Units	Award		+79			79	31 Dec 2021	Common Stock	79		Lockheed Martin Directors Deferred Comp Plan	F1, F2
holding	LMT	Phantom Stock Units						82	31 Dec 2021	Common Stock	82		Lockheed Martin Directors Equity Plan	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each share of phantom stock is the economic equivalent of one share of Lockheed Martin Corporation common stock.
F2	The information pertains to phantom stock units acquired at $355.41 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled in cash upon the reporting person's retirement or termination of service.
F3	The information pertains to previously acquired stock units under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan exempt under Section 16(b). Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment of awards (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.
F4	End of period holdings include additional acquisitions through dividend reinvestment.