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

Director David B. Burritt reports acquiring phantom stock units in Lockheed Martin through director fee deferral and dividend reinvestment.

Summary

• David B. Burritt, a director at Lockheed Martin, reported acquiring phantom stock units.
• The transactions occurred on March 31, 2025.
• 95.14 phantom stock units were acquired at $446.71 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan.
• Burritt also holds 10,686.9496 phantom stock units through the Lockheed Martin Directors Deferred Comp Plan and 13,463.931 stock units through the Lockheed Martin Directors Equity Plan.
• These units are settled in cash or stock upon retirement or termination of service.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It reports a routine transaction and does not contain information that would significantly impact sentiment.

Future Outlook

Settlement of phantom stock units and stock units in cash or stock upon retirement or termination of service.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for directors of publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align the interests of directors with those of shareholders.
• Phantom stock units are a common form of equity compensation, providing directors with the economic benefits of stock ownership without actual stock issuance.
• The terms of settlement (cash or stock upon retirement) are typical for such awards.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates

Keywords

Lockheed Martin, Director, David B. Burritt, Phantom Stock Units, Director Compensation, Form 4, Insider Trading