James D. Taiclet Jr. - 27 Jul 2022 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Chairman, President & CEO, Director
Signature
James D. Taiclet, by Kerri R. Morey, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
27 Jul 2022
Net transactions value
-$1,290,871
Form type
4
Filing time
28 Jul 2022, 17:02:14 UTC
Previous filing
25 Feb 2022
Next filing
24 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Options Exercise $0 +7,180 +126% $0.000000 12,875 27 Jul 2022 Direct F1
transaction LMT Common Stock Tax liability $1,290,871 -3,239 -25% $398.54 9,636 27 Jul 2022 Direct F2, F3
holding LMT Common Stock 33 27 Jul 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 -7,180 -100% 0 27 Jul 2022 Common Stock 7,180 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 July 27, 2020 was the economic equivalent of one share of LMT common stock.
F2 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.
F3 End of period holdings include additional acquisitions through dividend reinvestment.
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.