Jesus Malave Jr - Feb 23, 2025 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Chief Financial Officer
Signature
Jesus Malave, Jr., by Peter A. Christou, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Feb 23, 2025
Transactions value $
-$3,945,766
Form type
4
Date filed
2/25/2025, 09:05 PM
Previous filing
May 20, 2024
Next filing
Feb 28, 2025
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 +12.4K +226.74% $0.00 17.8K Feb 23, 2025 Direct F1
transaction LMT Common Stock Options Exercise $0 +6.17K +34.64% $0.00 24K Feb 23, 2025 Direct F2
transaction LMT Common Stock Tax liability -$3.95M -8.95K -37.32% $440.72 15K Feb 23, 2025 Direct F3
holding LMT Common Stock 86.5 Feb 23, 2025 Lockheed Martin Salaried Savings Plan F4

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 $0 -6.17K -100% $0.00 0 Feb 23, 2025 Common Stock 6.17K Direct F2, F5
* 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 23, 2022, following the end of a three-year performance period 2022-2024 (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 23, 2022, the reporting person was granted 6,171 restricted stock units that vested on the third anniversary of the grant date.

Remarks:

Exhibit 24, Substitute Power of Attorney