James D. Taiclet - Feb 27, 2023 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
Stock symbol
LMT
Transactions as of
Feb 27, 2023
Transactions value $
-$5,844,024
Form type
4
Date filed
3/1/2023, 06:55 PM
Previous filing
Feb 24, 2023
Next filing
Jul 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Award $0 +27K +278.86% $0.00 36.7K Feb 27, 2023 Direct F1
transaction LMT Common Stock Tax liability -$5.84M -12.2K -33.2% $479.49 24.5K Feb 27, 2023 Direct F2, F3
holding LMT Common Stock 42.1 Feb 27, 2023 Lockheed Martin Salaried Savings Plan F4
* 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 July 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 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 Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
F4 Holdings as of reportable transaction date include acquisitions under the company's 401(k) plan.