John W. Mollard - Feb 23, 2022 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Vice President & Treasurer
Signature
John W. Mollard, by Kerri R. Morey, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Feb 23, 2022
Transactions value $
$0
Form type
4
Date filed
2/25/2022, 04:06 PM
Previous filing
Feb 23, 2022
Next filing
Mar 3, 2022

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 Award $0 +1.03K $0.00 1.03K Feb 23, 2022 Common Stock 1.03K Direct F1, F2
transaction LMT Restricted Stock Units Award $0 +1.29K $0.00 1.29K Feb 23, 2022 Common Stock 1.29K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of LMT common stock.
F2 Award of restricted stock units which vests on the third anniversary of the grant date. Per the award agreement, vesting may be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible reporting persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the reporting person's tax withholding obligations, which is an exempt transaction under Rule 16b-3.
F3 One-time award of restricted stock units which vests on December 15, 2022.