[Form 3] LOCKHEED MARTIN CORP Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Lockheed Martin executive Orlando Sanchez Jr., President Aeronautics, filed an initial Form 3 showing his existing equity-related holdings in the company. He indirectly holds 460.2260 shares of common stock through the Lockheed Martin Salaried Savings Plan and 20.7473 phantom stock units under the LM Supplemental Savings Plan, which will be settled in cash and convert on a one-for-one basis with common stock. He also directly holds restricted stock units covering 1201.0000, 729.0000 and 685.0000 underlying shares of common stock, with expiration dates in 2028 and 2027. Each restricted stock unit represents a contingent right to receive one share of Lockheed Martin common stock, and vesting may be accelerated as needed to satisfy tax withholding obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Phantom Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Award of restricted stock units which vests on the third anniversary of the grant date. Per the award agreement, vesting may be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible Reporting Persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the Reporting Person's tax withholding obligations, which is an exempt transaction under Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of LMT common stock. Phantom stock units acquired under the Lockheed Martin Supplemental Savings Plan exempt under Section 16(b) which will be settled in cash upon the reporting person's retirement or termination of service. The phantom stock units convert on a one-for-one basis.
