Form 4: Lockheed Martin Director Hollub Acquires Phantom Stock Units Through Deferred Compensation

Director Vicki Hollub acquired phantom stock units in Lockheed Martin through a director retainer fee deferral plan.

Summary

• Vicki Hollub, a director at Lockheed Martin, acquired 90.9869 phantom stock units on June 28, 2024, at a price of $467.10 per share.
• These units were acquired through a director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan.
• Hollub also holds 2,252.7932 phantom stock units through the Lockheed Martin Directors Deferred Comp Plan and 3,095.9676 units through the Lockheed Martin Directors Equity Plan.
• Settlement of these units will be in cash or stock upon retirement or termination of service.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can influence shareholder perception of the company's prospects.

Key Dates