Timothy S. Cahill - 08 Dec 2023 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role: Executive Vice President
Signature: Timothy S. Cahill, by John E. Stevens, Attorney-in-fact
Issuer symbol: LMT
Transactions as of: 08 Dec 2023
Net transactions value: -$21,505
Form type: 4
Filing time: 12 Dec 2023, 20:57:48 UTC
Previous filing: 07 Mar 2023
Next filing: 26 Feb 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	+28	+0.27%	$0.000000	10,504	08 Dec 2023	Direct	F1
transaction	LMT	Common Stock	Options Exercise	$0	+20	+0.19%	$0.000000	10,524	08 Dec 2023	Direct	F2
transaction	LMT	Common Stock	Tax liability	$8,960	-20	-0.19%	$448.02	10,504	08 Dec 2023	Direct	F3, F4
transaction	LMT	Common Stock	Tax liability	$12,545	-28	-0.27%	$448.02	10,476	08 Dec 2023	Direct	F3, F4
holding	LMT	Common Stock						30	08 Dec 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		-28	-1.1%		2,599	08 Dec 2023	Common Stock	28		Direct	F1, F5
transaction	LMT	Restricted Stock Units	Options Exercise		-20	-1.3%		1,507	08 Dec 2023	Common Stock	20		Direct	F2, F5

* 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 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.
F2	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.
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	Restricted stock units convert to common stock on a one-for-one basis.