Form 4: Lockheed Martin Director David B. Burritt Reports Acquisition of Phantom Stock Units

Director David B. Burritt reports acquisition of phantom stock units through director fee deferral and dividend reinvestment.

Summary

• David B. Burritt, a director at Lockheed Martin, reported the acquisition of phantom stock units.
• The transactions occurred on September 30, 2024.
• 72.7042 phantom stock units were acquired at $584.56 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan.
• The director also holds 10,355.8765 phantom stock units through the Lockheed Martin Directors Deferred Comp Plan and 12,875.4335 phantom stock units through the Lockheed Martin Directors Equity Plan.
• These holdings include additional acquisitions through dividend reinvestment.
• Settlement of these units will be in cash or stock upon the reporting person's retirement or termination of service.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of a director's stock transactions. The acquisition of phantom stock units can be seen as a slightly positive sign, but it's not a major event.

Positives

• Director's acquisition of phantom stock units may reflect confidence in the company's future performance.

Future Outlook

Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment of awards granted on or after January 1, 2018 (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.

Industry Context

Director stock transactions are common and are often viewed as a signal of management's confidence in the company's prospects. This filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The acquisition of phantom stock units by a director could be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates