Form 4: Director David B. Burritt Increases LMT Holdings

Lockheed Martin Director David B. Burritt acquired 70.3188 phantom stock units via the company's deferred compensation plan.

Summary

• Director David B. Burritt acquired 70.3188 phantom stock units on March 31, 2026.
• The acquisition was made through the Lockheed Martin Corporation Directors Deferred Compensation Plan.
• The units were acquired at a price of $604.39 per share.
• These units are settled in cash upon the director's retirement or termination of service.
• Total holdings in the deferred compensation plan now stand at 11,312.9324 units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not impact the company's operational outlook.

Positives

• Demonstrates continued alignment of director interests with shareholders through equity-linked compensation.
• Reflects confidence in the company's long-term value by a board member.

Negatives

• None identified; this is a routine disclosure of director compensation deferral.

Risks

• Value of phantom stock units is subject to the underlying performance of Lockheed Martin common stock.
• Settlement of units is contingent upon the director's future retirement or termination of service.

Future Outlook

The filing does not provide forward-looking guidance regarding company operations or financial performance.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice in the aerospace and defense sector, signaling long-term commitment to the issuer.

Comparison to Industry Standards

• The use of phantom stock units for director compensation is consistent with standard practices at major defense contractors like Northrop Grumman and General Dynamics.
• The reporting of these transactions via Form 4 complies with standard SEC regulatory requirements for board members.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard director compensation deferral.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Lockheed Martin, LMT, Form 4, Insider Trading, Director Compensation, Phantom Stock