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

Lockheed Martin director Vicki Hollub acquired 87.4593 phantom stock units through a director retainer fee deferral plan.

Summary

• Vicki Hollub, a director at Lockheed Martin, acquired 87.4593 phantom stock units on December 31, 2024.
• These units were acquired at a price of $485.94 per share through a director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan.
• The phantom stock units will convert to common stock on a one-for-one basis.
• The units are settled in cash upon the reporting person's retirement or termination of service.
• Hollub also holds 2,440.919 phantom stock units through the Lockheed Martin Directors Deferred Comp Plan and 3,133.7211 units through the Lockheed Martin Directors Equity Plan.
• These holdings include additional acquisitions through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of director interests with the company's long-term performance. There are no negative implications.

Positives

• The acquisition of phantom stock units demonstrates a continued investment by the director in the company's future.
• The director's participation in the deferred compensation plan aligns her interests with long-term shareholder value.

Industry Context

This filing is a routine disclosure of a director's stock transactions, which is common practice for publicly traded companies. It reflects the director's participation in the company's compensation plans.

Comparison to Industry Standards

• Director compensation through stock and deferred compensation plans is a standard practice among large publicly traded companies like Lockheed Martin.
• Companies such as Boeing, Northrop Grumman, and General Dynamics also utilize similar compensation structures to align director interests with shareholder value.
• The use of phantom stock units is a common method to provide equity-based compensation without immediate dilution of existing shares.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with the company's long-term performance.

Key Dates

Keywords

Lockheed Martin, Director, Phantom Stock Units, Deferred Compensation, Stock Acquisition, Director Compensation, Equity Plan