Maryanne Lavan - Dec 9, 2022 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
SVP & General Counsel
Signature
Maryanne R. Lavan, by Kerri R. Morey, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Dec 9, 2022
Transactions value $
-$16,925
Form type
4
Date filed
12/13/2022, 08:23 PM
Previous filing
Sep 30, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Options Exercise $0 +35 $0.00 35 Dec 9, 2022 Direct F1
transaction LMT Common Stock Tax liability -$16.9K -35 -100% $483.58 0 Dec 9, 2022 Direct F2
holding LMT Common Stock 25.1 Dec 9, 2022 Lockheed Martin Salaried Savings Plan F3

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 -35 -1.26% 2.74K Dec 9, 2022 Common Stock 35 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 23, 2022, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remain subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date.
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 under the Plan.
F4 Each restricted stock unit represents a contingent right to receive one share of LMT common stock.