Form 4: Lockheed Martin Director James O. Ellis Jr. Reports Stock Transactions
SEC Form 4
Director James O. Ellis Jr. reports the conversion of phantom stock units into cash and disposition of common stock on April 1, 2024.
Summary
- On April 1, 2024, James O. Ellis Jr., a director of Lockheed Martin, reported transactions involving common stock and phantom stock units.
- Ellis converted 365.9886 phantom stock units into cash.
- He also disposed of 365.9886 shares of common stock at a price of $452.79 per share.
- Following these transactions, Ellis directly owns 200 shares of common stock and indirectly owns 22,570.1394 phantom stock units through the Lockheed Martin Directors Equity Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at Lockheed Martin.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock and derivative security transactions |
| 04/03/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.