Form 4: Lockheed Martin SVP & General Counsel, Maryanne Lavan, Reports Stock Sale
SEC Form 4 Filing
Maryanne Lavan, SVP & General Counsel of Lockheed Martin, reported the sale of common stock on March 5, 2024.
Summary
- On March 5, 2024, Maryanne Lavan, the SVP & General Counsel of Lockheed Martin, sold common stock.
- The transaction involved the disposal of 4,022.463 shares at a weighted average price of $434.3889 per share, with prices ranging from $434.1100 to $434.8150.
- Following the transaction, Ms. Lavan directly owns 0.0000 shares of common stock.
- Ms. Lavan also indirectly owns 58.3443 shares through the Lockheed Martin Salaried Savings Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The stock sale by an executive may have a minor psychological impact on shareholders, but the disclosed amount is unlikely to have a significant material impact.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of stock sale transaction |
| 03/07/2024 | Date of signature for the Form 4 filing |
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