4//SEC Filing
Donovan John 4
Accession 0001225208-24-002548
CIK 0000936468other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 7:03 PM ET
Size
7.7 KB
Accession
0001225208-24-002548
Insider Transaction Report
Form 4
Donovan John
Director
Transactions
- Award
Phantom Stock Units
2024-02-15+401.777→ 1,292.381 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (401.777 underlying)
Holdings
- 884.892(indirect: Lockheed Martin Directors Deferred Comp Plan)
Phantom Stock Units
→ Common Stock (884.892 underlying)
Footnotes (3)
- [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, each non-employee director received an award of phantom stock units, which award is exempt under Rule 16b-3. The phantom stock units were acquired at $423.12 per share and vest 50% on June 30 following the award date and 50% 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 director) 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.
- [F3]The information pertains to previously acquired phantom stock units under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b) which will be settled upon the Reporting Person's retirement or termination of service.
Documents
Issuer
LOCKHEED MARTIN CORP
CIK 0000936468
Entity typeother
Related Parties
1- filerCIK 0001353825
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 7:03 PM ET
- Size
- 7.7 KB