Heather Wilson - Jun 3, 2024 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role: Director
Signature: Heather Wilson, by John E. Stevens, Attorney-in-fact
Stock symbol: LMT
Transactions as of: Jun 3, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/5/2024, 03:30 PM
Previous filing: Jun 4, 2024

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	Phantom Stock Units	Award		+212			212	Jun 3, 2024	Common Stock	212		Lockheed Martin Directors Equity Plan	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Phantom stock units convert to common stock on a one-for-one basis.
F2	In accordance with the Lockheed Martin Corporation Amended and Restated Directors Equity Plan, the Reporting Person received a prorated award of phantom stock units, which award is exempt under Rule 16b-3. The phantom stock units were acquired at $467.60 per share and vest on December 31 following the award date. All unvested awards will vest in full upon retirement due to the age limitation in the bylaws, death, disability or change in control, or one-third upon failure to stand for reelection. Settlement in cash or stock (as elected by the Reporting Person) will occur upon the Reporting Person's termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have the payment of awards (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.

Content

Phantom stock units convert to common stock on a one-for-one basis.

In accordance with the Lockheed Martin Corporation Amended and Restated Directors Equity Plan, the Reporting Person received a prorated award of phantom stock units, which award is exempt under Rule 16b-3. The phantom stock units were acquired at $467.60 per share and vest on December 31 following the award date. All unvested awards will vest in full upon retirement due to the age limitation in the bylaws, death, disability or change in control, or one-third upon failure to stand for reelection. Settlement in cash or stock (as elected by the Reporting Person) will occur upon the Reporting Person's termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have the payment of awards (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.