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 | -768 | -100% | $0.00* | 0 | Feb 25, 2024 | Common Stock | 768 | Direct | F1, F5 |
Id | Content |
---|---|
F1 | Restricted stock units convert to common stock on a one-for-one basis. |
F2 | 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. |
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 and dividend reinvestment under the company's 401(k) plan. |
F5 | On February 25, 2021, the reporting person was granted 768 restricted stock units that vested on the third anniversary of the grant date. |