Maryanne Lavan - 08 Dec 2023 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
SVP & General Counsel
Signature
Maryanne R. Lavan, by John E. Stevens, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
08 Dec 2023
Net transactions value
-$31,809
Form type
4
Filing time
12 Dec 2023, 20:57:44 UTC
Previous filing
02 Oct 2023
Next filing
02 Jan 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 +40 +137% $0.000000 69 08 Dec 2023 Direct F1
transaction LMT Common Stock Options Exercise $0 +31 +45% $0.000000 100 08 Dec 2023 Direct F2
transaction LMT Common Stock Tax liability $13,889 -31 -31% $448.02 69 08 Dec 2023 Direct F3, F4
transaction LMT Common Stock Tax liability $17,921 -40 -58% $448.02 29 08 Dec 2023 Direct F3, F4
holding LMT Common Stock 42 08 Dec 2023 Lockheed Martin Salaried Savings Plan F5

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 -31 -1.2% 2,471 08 Dec 2023 Common Stock 31 Direct F2, F6
transaction LMT Restricted Stock Units Options Exercise -40 -1.5% 2,702 08 Dec 2023 Common Stock 40 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 23, 2022, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date.
F2 Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 22, 2023, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date.
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 additional acquisitions through dividend reinvestment.
F5 Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.
F6 Restricted stock units convert to common stock on a one-for-one basis.

Remarks:

Exhibit 24 - Substitute Power of Attorney