Maryanne Lavan - 27 Feb 2023 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
SVP & General Counsel
Signature
Maryanne R. Lavan, by Kerri R. Morey, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
27 Feb 2023
Net transactions value
-$1,968,306
Form type
4
Filing time
01 Mar 2023, 18:54:25 UTC
Previous filing
24 Feb 2023
Next filing
03 Mar 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 Award $0 +6,234 $0.000000 6,234 27 Feb 2023 Direct F1
transaction LMT Common Stock Options Exercise $0 +2,425 +39% $0.000000 8,659 27 Feb 2023 Direct F2
transaction LMT Common Stock Tax liability $1,968,306 -4,105 -47% $479.49 4,554 27 Feb 2023 Direct F3
holding LMT Common Stock 40 27 Feb 2023 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 $0 -2,425 -100% $0.000000* 0 27 Feb 2023 Common Stock 2,425 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon settlement of performance stock units granted on February 27, 2020, following the end of a three-year performance period 2020-2022 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.
F2 Restricted stock units convert to common stock on a one-for-one basis.
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 Holdings as of reportable transaction date include acquisitions under the company's 401(k) plan.
F5 On February 27, 2020, the reporting person was granted 2,535 restricted stock units that vested on the third anniversary of the grant date.