Frank A. St John - 21 Feb 2022 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role: Chief Operating Officer
Signature: Frank A. St. John, by Kerri R. Morey, Attorney-in-fact
Issuer symbol: LMT
Transactions as of: 21 Feb 2022
Net transactions value: -$2,499,237
Form type: 4
Filing time: 23 Feb 2022, 17:05:45 UTC
Previous filing: 07 Dec 2021
Next filing: 25 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMT	Common Stock	Award	$0	+10,823	+2639756%	$0.000000	10,823	21 Feb 2022	Direct	F1
transaction	LMT	Common Stock	Options Exercise	$0	+3,707	+34%	$0.000000	14,530	21 Feb 2022	Direct	F2
transaction	LMT	Common Stock	Tax liability	$2,499,237	-6,467	-45%	$386.46	8,063	21 Feb 2022	Direct	F3, F4
holding	LMT	Common Stock						9	21 Feb 2022	Lockheed Martin Salaried Savings Plan	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LMT	Restricted Stock Units	Options Exercise		-3,707	-100%		0	21 Feb 2022	Common Stock	3,707		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares acquired upon settlement of performance stock units granted on February 21, 2019, following the end of a three-year performance period 2019-2021 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.
F2	Each restricted stock unit granted on February 21, 2019, was the economic equivalent of one share of LMT common stock.
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	End of period holdings include additional acquisitions through dividend reinvestment.
F5	End of period holdings include additional acquisitions under the Plan.
F6	Each restricted stock unit represents a contingent right to receive one share of LMT common stock.