Lockheed Martin (LMT) CFO receives grant of 2,779 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lockheed Martin Chief Financial Officer Evan T. Scott reported an equity award of restricted stock units. He received 2,779 restricted stock units, each representing a contingent right to receive one share of Lockheed Martin common stock. The award will vest on the third anniversary of the grant date, meaning the units convert into shares only if the vesting conditions are met. This is an acquisition of stock-based compensation rather than an open-market purchase or sale, and it increases his directly held derivative equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scott Evan T
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,779 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,779 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of LMT common stock. Award of restricted stock units which vests on the third anniversary of the grant date.
FAQ
What insider transaction did Lockheed Martin (LMT) report for its CFO?
Lockheed Martin reported that Chief Financial Officer Evan T. Scott received an award of 2,779 restricted stock units. These units are a form of stock-based compensation that convert into common shares only if vesting conditions are satisfied over time.
How many restricted stock units did the Lockheed Martin (LMT) CFO receive?
The CFO received 2,779 restricted stock units in this transaction. Each restricted stock unit represents a contingent right to receive one share of Lockheed Martin common stock, subject to vesting on the third anniversary of the grant date.
What does each Lockheed Martin (LMT) restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of LMT common stock. The units only convert into actual shares if the specified vesting conditions are met, aligning executive compensation with long-term shareholder value.
When do the newly granted Lockheed Martin (LMT) restricted stock units vest?
The restricted stock units vest on the third anniversary of the grant date. This three-year vesting schedule encourages long-term retention and performance, as the CFO must remain and meet conditions before receiving the underlying common shares.
Was the Lockheed Martin (LMT) CFO’s Form 4 transaction a stock purchase or sale?
The transaction was neither an open-market purchase nor a sale; it was an acquisition of restricted stock units as a grant or award. This increases his potential future share ownership if the units vest after three years.
How many derivative securities does the Lockheed Martin (LMT) CFO hold after this grant?
Following this award, the CFO holds 2,779 restricted stock units as reported. These units are classified as derivative securities and directly owned, representing potential future shares upon satisfaction of vesting conditions.