Maryanne Lavan - Feb 25, 2024 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
SVP & General Counsel
Signature
Maryanne R. Lavan, by John E. Stevens, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Feb 25, 2024
Transactions value $
-$1,535,218
Form type
4
Date filed
2/27/2024, 08:07 PM
Previous filing
Feb 26, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Award $0 +4.57K +15522.74% $0.00 4.6K Feb 25, 2024 Direct F1
transaction LMT Common Stock Options Exercise $0 +2.98K +64.77% $0.00 7.58K Feb 25, 2024 Direct F2
transaction LMT Common Stock Tax liability -$1.54M -3.56K -46.96% $431.12 4.02K Feb 25, 2024 Direct F3, F4
holding LMT Common Stock 58.2 Feb 25, 2024 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 $0 -2.98K -100% $0.00* 0 Feb 25, 2024 Common Stock 2.98K Direct F2, F6
* 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 25, 2021, following the end of a three-year performance period 2021-2023 (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 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 On February 25, 2021, the reporting person was granted 3,116 restricted stock units that vested on the third anniversary of the grant date.