TAICLET JAMES D JR 4
4 · LOCKHEED MARTIN CORP · Filed Feb 27, 2024
Insider Transaction Report
Form 4
TAICLET JAMES D JR
DirectorChairman, President & CEO
Transactions
- Award
Common Stock
2024-02-25+18,030→ 49,161.898 total - Exercise/Conversion
Common Stock
2024-02-25+12,291→ 61,452.898 total - Tax Payment
Common Stock
2024-02-25$431.12/sh−13,676$5,895,997→ 47,776.898 total - Exercise/Conversion
Restricted Stock Units
2024-02-25−12,291→ 0 totalExp: 2024-02-25→ Common Stock (12,291 underlying)
Holdings
- 51.613(indirect: Lockheed Martin Salaried Savings Plan)
Common Stock
Footnotes (5)
- [F1]Shares acquired upon settlement of performance stock units granted on February 25, 2021, following the end of a three-year performance period 2021-2023 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.
- [F2]Restricted stock units convert to common stock on a one-for-one basis.
- [F3]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.
- [F4]Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.
- [F5]On February 25, 2021, the reporting person was granted 12,291 restricted stock units that vested on the third anniversary of the grant date.