Vincent R. Stewart - 01 Aug 2022 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Reporting relationship: Director
Issuer ticker: LMT
Reported as of: 01 Aug 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Aug 2022, 16:58:13 UTC
Prior SEC filing: 21 Jul 2022
Next SEC filing: 24 Feb 2023
Source filing: View source filing
Reporting owner signature: Vincent R. Stewart, by Kerri R. Morey, Attorney-in-fact

Key filing fact

Vincent R. Stewart filed Form 4 for LOCKHEED MARTIN CORP (LMT) on 02 Aug 2022.

Key facts

This page summarizes Vincent R. Stewart's Form 4 filing for LOCKHEED MARTIN CORP (LMT).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 02 Aug 2022, 16:58.

Change

Previous filing in this sequence was filed on 21 Jul 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LMT transaction Derivative

Phantom Stock Units

Award

Transaction value
Shares: +161
Change %
Price
Shares after: 161
Date: 01 Aug 2022
Ownership: Lockheed Martin Directors Equity Plan
Underlying class: Common Stock
Underlying amount: 161
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each share of phantom stock is the economic equivalent of one share of Lockheed Martin Corporation common stock.

Footnote 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 $419.28 per share and vest on December 31 following the award date or, if earlier, upon retirement, death, disability or change in control. Settlement in cash or stock (as elected by the Reporting Person) 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 the payment of awards (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.