Lockheed Martin (LMT) Director David B. Burritt Receives Phantom Stock Award

What Happened
David B. Burritt, a director of Lockheed Martin Corporation (LMT), received a grant of 83.456 phantom stock units on 2026-09-30. The units were valued at $509.25 each (from a fee-deferral arrangement), implying a grant-value of roughly $42,503. These are derivative phantom stock units (transaction code A — award/grant), not an immediate issuance of common shares.

Key Details

• Transaction date: 2026-09-30; Form 4 filed: 2026-10-01 (timely filing).
• Units granted: 83.456 phantom stock units at $509.25 per unit (reference price); total value ≈ $42,503.
• Nature of award: Phantom stock units acquired via director retainer fee deferral under the Lockheed Martin Directors Deferred Compensation Plan; filed as exempt under Section 16(b).
• Settlement: Footnotes indicate these units are settled in cash upon the reporting person's retirement or termination of service. Footnote also notes phantom units convert one-for-one to common stock in plan terms and some director stock units may be settled in cash or stock depending on elections and ownership guideline status.
• Holdings after transaction: The filing does not state a specific total; it notes holdings include additional acquisitions through dividend reinvestment.
• No indication of a sale or purchase — this is a routine compensation award to a director.

Context
Phantom stock/unit awards are common for director compensation and do not represent immediate transfers of common shares. Because these units settle in cash upon termination (per the filing), they are a deferred compensation instrument rather than an outright stock purchase or sale. For investors tracking insider signals, grants are routine and typically reflect compensation design rather than an overt buy/sell sentiment.