Harry Edward Paul III - Feb 25, 2024 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Signature
Harry Edward Paul, III, by John E. Stevens, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Feb 25, 2024
Transactions value $
-$135,803
Form type
4
Date filed
2/27/2024, 08:07 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Options Exercise $0 +592 +25.97% $0.00 2.87K Feb 25, 2024 Direct F1
transaction LMT Common Stock Award $0 +106 +3.69% $0.00 2.98K Feb 25, 2024 Direct F2
transaction LMT Common Stock Tax liability -$136K -315 -10.58% $431.12 2.66K Feb 25, 2024 Direct F3
holding LMT Common Stock 85.8 Feb 25, 2024 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 $0 -592 -100% $0.00* 0 Feb 25, 2024 Common Stock 592 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 592 restricted stock units that vested on the third anniversary of the grant date.