Lockheed Martin director exercises 415 phantom units
LOCKHEED MARTIN CORP director Vicki A. Hollub exercised phantom stock units into common shares as part of director compensation plans.
Rhea-AI Filing Summary
LOCKHEED MARTIN CORP director Vicki A. Hollub exercised phantom stock units into common shares as part of director compensation plans. On April 1, 2026, she converted 415.6020 phantom stock units into 415.6020 shares of Lockheed Martin common stock, at a stated exercise price of $0.0000. After the transaction, she held 415.6020 common shares directly, while additional phantom stock units remain held indirectly under company director plans. Footnotes explain that phantom stock units convert to common stock on a one-for-one basis and that some units, totaling 2525.3261, will be settled upon retirement or termination of service.
Positive
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Insider Trade Summary
415.602 shares exercised/converted
Exercise
3 txns
Insider
Hollub Vicki A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock Units | 415.602 | $0.00 | $0.00 |
| Exercise | Common Stock | 415.602 | $0.00 | $0.00 |
| holding | Phantom Stock Units | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 3,504.0492 contracts (Indirect, Lockheed Martin Directors Equity Plan);
Common Stock — 415.602 shares (Direct);
Phantom Stock Units — 2,525.3261 contracts (Indirect, Lockheed Martin Directors Deferred Comp Plan)
Footnotes (4)
- F1. The Reporting Person received a distribution of 415.602015 shares of LMT stock in accordance with an election under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan, in settlement of an equal number of phantom stock units held under the Plan. A fractional share of the Reporting Person's phantom stock units (0.602015) was settled in cash.
- F2. Phantom stock units convert to common stock on a one-for-one basis.
- F3. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
- F4. The information pertains to previously acquired phantom stock units under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b) which will be settled upon the Reporting Person's retirement or termination of service.
Key Figures
Phantom units exercised: 415.6020 units
Common shares received: 415.6020 shares
Direct common holdings: 415.6020 shares
+3 more
6 metrics
Phantom units exercised
415.6020 units
Converted to common stock on April 1, 2026
Common shares received
415.6020 shares
Distribution from Directors Equity Plan at $0.0000
Direct common holdings
415.6020 shares
Total common stock held directly after transaction
Deferred phantom units
2525.3261 units
Underlying shares in Directors Deferred Compensation Plan
Exercise price
$0.0000 per unit
Stated for phantom stock unit conversion
Fractional unit settled in cash
0.602015 unit
Portion of phantom stock settled in cash instead of stock
Key Terms
Phantom Stock Units, Lockheed Martin Directors Equity Plan, Dividend reinvestment, Directors Deferred Compensation Plan, +1 more
5 terms
Phantom Stock Units financial
"The Reporting Person received a distribution of 415.602015 shares of LMT stock in accordance with an election under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan, in settlement of an equal number of phantom stock units held under the Plan."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Lockheed Martin Directors Equity Plan financial
"in accordance with an election under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan"
Dividend reinvestment financial
"Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Directors Deferred Compensation Plan financial
"previously acquired phantom stock units under the Lockheed Martin Corporation Directors Deferred Compensation Plan"
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
Section 16(b) regulatory
"Directors Deferred Compensation Plan exempt under Section 16(b) which will be settled"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Vicki A. Hollub do in this Lockheed Martin (LMT) Form 4 filing?
Vicki A. Hollub converted phantom stock units into Lockheed Martin common shares. She exercised 415.6020 phantom stock units at a stated price of $0.0000, receiving an equal number of common shares as part of the company’s director equity compensation arrangements.
What are phantom stock units in the context of Lockheed Martin (LMT)?
Phantom stock units are bookkeeping units tied to Lockheed Martin common stock that convert on a one-for-one basis into shares. Directors receive them under company plans, and they are later settled in stock or cash, often at retirement or according to prior elections.
How many phantom stock units does Vicki A. Hollub still hold for Lockheed Martin?
Following the reported transactions, she has 2525.3261 phantom stock units shown as underlying shares in a directors deferred compensation plan. According to the footnotes, these previously acquired units will be settled when she retires or her service with Lockheed Martin ends.
How are dividends reflected in Vicki A. Hollub’s Lockheed Martin phantom stock holdings?
Her phantom stock holdings include additional units from dividend reinvestment. A footnote states that the reported holdings as of the transaction date include phantom stock units acquired through reinvested dividends, which increase the number of units tied to Lockheed Martin common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
