David B. Burritt - Mar 31, 2023 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Director
Signature
David B. Burritt, by Kerri R. Morey, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 09:41 AM
Previous filing
Mar 1, 2023
Next filing
Jun 6, 2023

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 Phantom Stock Units Award +89.9 +0.96% 9.42K Mar 31, 2023 Common Stock 89.9 Lockheed Martin Directors Deferred Comp Plan F1, F2, F3
holding LMT Phantom Stock Units 12K Mar 31, 2023 Common Stock 12K Lockheed Martin Directors Equity Plan F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom stock units convert to common stock on a one-for-one basis.
F2 The information pertains to phantom stock units acquired at $472.73 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled in cash upon the reporting person's retirement or termination of service.
F3 Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
F4 The information pertains to previously acquired stock units under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan exempt under Section 16(b). Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment of awards granted on or after January 1, 2018 (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.