Lockheed COO granted 3,243 RSUs
St John Frank A reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
St John Frank A reported acquisition or exercise transactions in this Form 4 filing.
Lockheed Martin Chief Operating Officer Frank A. St John reported an award of 3,243 restricted stock units. Each unit represents a contingent right to receive one share of Lockheed Martin common stock, giving him a potential future equity stake tied to company performance and service.
The restricted stock units vest on the third anniversary of the grant date. For retirement-eligible executives, vesting may be accelerated as needed to cover tax withholding, with the vested shares disposed back to Lockheed Martin to satisfy those tax obligations under an exempt Rule 16b-3 transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,243 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of LMT common stock.
- F2. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Lockheed Martin (LMT) report on this Form 4?
How many restricted stock units were granted to the Lockheed Martin (LMT) COO?
When do the Lockheed Martin (LMT) restricted stock units granted to the COO vest?
Can vesting of the Lockheed Martin (LMT) COO’s restricted stock units be accelerated?
What does each Lockheed Martin (LMT) restricted stock unit granted to the COO represent?
Is the Lockheed Martin (LMT) COO’s ownership of these restricted stock units direct or indirect?
AI-generated analysis. How Rhea-AI works. Not financial advice.