John Donovan - 31 Mar 2025 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

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		+112	+12%		1,027	31 Mar 2025	Common Stock	112		Lockheed Martin Directors Deferred Comp Plan	F1, F2, F3
holding	LMT	Phantom Stock Units						1,741	31 Mar 2025	Common Stock	1,741		Lockheed Martin Directors Equity Plan	F1, F3, F4

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

Id	Content
F1	Phantom stock units convert to common stock on a one-for-one basis.
F2	The information pertains to phantom stock units acquired at $446.71 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled in cash upon the reporting person's retirement or termination of service.
F3	Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
F4	The information pertains to previously acquired stock units under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan exempt under Section 16(b). Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment of awards granted on or after January 1, 2018 (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.