Dunford Joseph F Jr 4
4 · LOCKHEED MARTIN CORP · Filed Mar 4, 2020
Insider Transaction Report
Form 4
Dunford Joseph F Jr
Director
Transactions
- Award
Phantom Stock Units
2020-03-02+355.098→ 355.098 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (355.098 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of Lockheed Martin Corporation common stock.
- [F2]In accordance with the Amended and Restated Lockheed Martin Corporation 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 $381.35 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 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 the payment of awards (together with any dividend equivalents thereon) made on the first business day of April following the one-year anniversary of the grant.