Maria A. Ricciardone - 24 Oct 2024 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
VP, Treasurer & Investor Rel.
Signature
Maria A. Ricciardone, by Lynda M. Noggle, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
24 Oct 2024
Net transactions value
-$110,021
Form type
4
Filing time
28 Oct 2024, 21:40:26 UTC
Previous filing
26 Feb 2024
Next filing
28 Feb 2025
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 +444 +173% $0.000000 701 24 Oct 2024 Direct F1
transaction LMT Common Stock Tax liability $110,021 -195 -28% $564.21 506 24 Oct 2024 Direct F2, F3
holding LMT Common Stock 18 24 Oct 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 -444 -50% 446 24 Oct 2024 Common Stock 444 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit granted on October 24, 2022 was the economic equivalent of one share of LMT common stock.
F2 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.
F3 Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
F4 Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.
F5 Restricted stock units convert to common stock on a one-for-one basis.