Jesus Malave Jr. - 23 Feb 2023 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Chief Financial Officer
Signature
Jesus Malave, Jr., by Kerri R. Morey, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
23 Feb 2023
Net transactions value
-$2,367,613
Form type
4
Filing time
27 Feb 2023, 18:32:28 UTC
Previous filing
24 Feb 2023
Next filing
26 Feb 2024
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 +10,286 $0.000000 10,286 23 Feb 2023 Direct F1
transaction LMT Common Stock Tax liability $2,367,613 -4,942 -48% $479.08 5,344 23 Feb 2023 Direct F2
holding LMT Common Stock 36 23 Feb 2023 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 $0 -10,286 -100% $0.000000* 0 23 Feb 2023 Common Stock 10,286 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
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 acquisitions under the company's 401(k) plan.
F4 On February 23, 2022, the reporting person was granted 10,286 restricted stock units that vest on the first anniversary of the grant date.