Gregory M. Ulmer - 23 Feb 2025 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
President Aeronautics
Signature
Gregory M. Ulmer, by Peter A. Christou, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
23 Feb 2025
Transactions value $
-$1,559,267
Form type
4
Filing time
25 Feb 2025, 21:05:41 UTC
Previous filing
10 Dec 2024
Next filing
28 Feb 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 +6,184 $0.000000 6,184 23 Feb 2025 Direct F1
transaction LMT Common Stock Options Exercise $0 +2,974 +48.1% $0.000000 9,158 23 Feb 2025 Direct F2
transaction LMT Common Stock Tax liability -$1,559,267 -3,538 -38.6% $440.72 5,620 23 Feb 2025 Direct F3
holding LMT Common Stock 88 23 Feb 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 -2,974 -100% $0.000000 0 23 Feb 2025 Common Stock 2,974 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 3,085 restricted stock units, the remaining unvested portion of which vested on the third anniversary of the grant date.

Remarks:

Exhibit 24, Substitute Power of Attorney