Form 4: Lockheed Martin Director Bruce A. Carlson Reports Phantom Stock Unit Acquisition

Director Bruce A. Carlson reports acquisition of phantom stock units in Lockheed Martin, along with holdings through dividend reinvestment.

Summary

• Bruce A. Carlson, a director of Lockheed Martin, filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of phantom stock units under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan.
• Carlson acquired 133.9036 phantom stock units on February 14, 2025, at a price of $423.19 per share.
• These units vest 50% on June 30 and 50% on December 31 following the award date.
• The report also mentions holdings of 5,501.7599 phantom stock units under the Lockheed Martin Directors Equity Plan and 436.325 units under the Lockheed Martin Directors Deferred Comp Plan.
• These holdings include additional acquisitions through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment in the company.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Future Outlook

Settlement in cash or stock (as elected by the director) will occur upon the Reporting Person's termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have the payment of awards (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.

Industry Context

Director stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock, or phantom stock units to incentivize long-term performance.
• Lockheed Martin's director equity plan appears consistent with industry practices for executive compensation.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

Lockheed Martin, Director, Phantom Stock Units, Beneficial Ownership, Form 4, Equity Plan, Dividend Reinvestment