Stephanie C. Hill - Feb 21, 2022 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Executive Vice President
Signature
Stephanie C. Hill, by Kerri R. Morey, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Feb 21, 2022
Transactions value $
-$399,213
Form type
4
Date filed
2/23/2022, 05:05 PM
Previous filing
Jan 5, 2022
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Options Exercise $0 +1.65K +13.3% $0.00 14K Feb 21, 2022 Direct F1
transaction LMT Common Stock Award $0 +580 +4.13% $0.00 14.6K Feb 21, 2022 Direct F2
transaction LMT Common Stock Tax liability -$399K -1.03K -7.06% $386.46 13.6K Feb 21, 2022 Direct F3
holding LMT Common Stock 3.69K Feb 21, 2022 Lockheed Martin Salaried Savings Plan F4

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 Restricted Stock Units Options Exercise -1.65K -100% 0 Feb 21, 2022 Common Stock 1.65K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit granted on February 21, 2019, was the economic equivalent of one share of LMT common stock.
F2 Shares acquired upon settlement of performance stock units granted on February 21, 2019, following the end of a three-year performance period 2019-2021 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.
F3 Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting and settlement of stock units which is exempt under Rule 16b-3.
F4 End of period holdings include additional acquisitions under the Plan.
F5 Each restricted stock unit represents a contingent right to receive one share of LMT common stock.