Stephanie C. Hill - Feb 27, 2023 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Executive Vice President
Signature
Stephanie C. Hill, by Kerri R. Morey, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Feb 27, 2023
Transactions value $
-$666,491
Form type
4
Date filed
3/1/2023, 06:55 PM
Previous filing
Feb 24, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Award $0 +2.11K +14.09% $0.00 17.1K Feb 27, 2023 Direct F1
transaction LMT Common Stock Options Exercise $0 +820 +4.8% $0.00 17.9K Feb 27, 2023 Direct F2
transaction LMT Common Stock Tax liability -$666K -1.39K -7.76% $479.49 16.5K Feb 27, 2023 Direct F3
holding LMT Common Stock 3.81K Feb 27, 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 -820 -100% $0.00* 0 Feb 27, 2023 Common Stock 820 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 858 restricted stock units that vested on the third anniversary of the grant date.