[Form 4] LOCKHEED MARTIN CORP Insider Trading Activity
John Donovan, a Lockheed Martin director, reported acquisition of 100.1582 phantom stock units on 09/30/2025 through deferral of director retainer fees under the Lockheed Martin Directors Deferred Compensation Plan at a per‑unit value of $499.21. The filing states phantom stock units convert one‑for‑one to common stock but are settled in cash upon the reporting person’s retirement or termination. The report shows 1,249.9498 phantom shares beneficially owned under the Deferred Comp Plan (including dividend reinvestments) and 1,765.1464 previously acquired stock units under the Directors Equity Plan, which may be settled in cash or stock as elected by the director.
John Donovan, un amministratore di Lockheed Martin, ha segnalato l'acquisto di 100,1582 unità di phantom stock il 30/09/2025 tramite l'accantonamento differito della retribuzione degli amministratori previsto dal Lockheed Martin Directors Deferred Compensation Plan, con un valore unitario di $499,21. La relazione indica che le unità di phantom stock si convertono 1:1 in azioni ordinarie, ma si regolano in contanti al momento della pensione o della cessazione dell'incarico. Il rapporto mostra 1.249,9498 azioni phantom detenute a vantaggio secondo il Deferred Comp Plan (inclusi reinvestimenti dei dividendi) e 1.765,1464 unità azionarie acquisite in passato ai sensi del Directors Equity Plan, che possono essere liquidate in contanti o in azioni a scelta del direttore.
John Donovan, director de Lockheed Martin, informó la adquisición de 100,1582 unidades de phantom stock el 30/09/2025 mediante el diferimiento de las honorarios de director bajo el Lockheed Martin Directors Deferred Compensation Plan, a un valor por unidad de $499,21. La presentación indica que las unidades de phantom stock se convierten 1 a 1 en acciones comunes, pero se liquidan en efectivo al momento de la jubilación o terminación del informe. El informe muestra 1.249,9498 phantom shares beneficiosamente poseídas bajo el Deferred Comp Plan (incluidos reinversiones de dividendos) y 1.765,1464 unidades de acciones adquiridas anteriormente bajo el Directors Equity Plan, que pueden liquidarse en efectivo o en acciones según lo elija el director.
John Donovan은 Lockheed Martin의 이사로서 2025-09-30에 이사 보수의 연기 형태로 100.1582 팬텀 주식 단위를 취득했다고 보고했다. 단위당 가치는 $499.21이다. 이 공시는 팬텀 주식 단위가 보통주로 1대1 전환되지만 보고자 은퇴 또는 해고 시에 현금으로 정산된다고 명시한다. 보고서는 Deferred Comp Plan 아래 이점으로 소유된 1,249.9498주의 팬텀 주식과 배당 재투자를 포함한 1,765.1464주의 이전에 취득한 주식 단위를 보여주며, 이들 단위는 이사가 선택한 방식으로 현금 또는 주식으로 정산될 수 있다.
John Donovan, administrateur chez Lockheed Martin, a signalé l'acquisition de 100,1582 unités d'actions fantômes le 30/09/2025 par le biais du report des honoraires d'administrateur selon le Lockheed Martin Directors Deferred Compensation Plan, à une valeur par unité de $499,21. Le dossier indique que les unités d'actions fantômes se convertissent 1 pour 1 en actions ordinaires mais sont réglées en espèces lors de la retraite ou de la résiliation du déclarant. Le rapport indique 1.249,9498 actions fantômes détenues bénéficiairement dans le cadre du Deferred Comp Plan (y compris les réinvestissements des dividendes) et 1.765,1464 unités d'actions acquises précédemment dans le Directors Equity Plan, qui peuvent être réglées en espèces ou en actions selon le choix du directeur.
John Donovan, ein Direktor von Lockheed Martin, meldete den Erwerb von 100,1582 Phantom-Stock-Einheiten am 30.09.2025 durch das Aufschieben von Direktorenhonorarzahlungen im Rahmen des Lockheed Martin Directors Deferred Compensation Plan zu einem Stückwert von 499,21 USD. Die Einreichung besagt, dass Phantom-Stock-Einheiten eins zu eins in Stammaktien umgewandelt werden, aber bei der Berichterstattung der meldenden Person bei Ruhestand oder Beendigung in bar abgewickelt werden. Der Bericht zeigt 1.249,9498 Phantom-Aktien, die im Deferred Comp Plan begünstigt gehalten werden (einschließlich Dividendene reinvestitionen), sowie 1.765,1464 zuvor erworbene Aktieneinheiten unter dem Directors Equity Plan, die je nach Wahl des Direktors in bar oder in Aktien abgewickelt werden können.
جون دونوفان، عضو مجلس إدارة في شركة Lockheed Martin، أبلغ عن اكتساب 100.1582 وحدة أسهم وهمية في 30/09/2025 من خلال تأجيل أتعاب المديرين بموجب خطة Lockheed Martin Directors Deferred Compensation Plan، وبقيمة وحدة قدرها $499.21. تُشير الوثيقة إلى أن وحدات الأسهم الوهمية تتحول تحويلًا 1-إلى-1 إلى أسهم عادية، لكنها تُسوى نقداً عند تقاعد الشخص المبلغ عنه أو فصله. يُظهر التقرير 1,249.9498 سهمًا وهميًا مملوكًا بموجب خطة التعويض المؤجل (بما في ذلك إعادة استثمار الأرباح) و1,765.1464 وحدة أسهم تم الحصول عليها سابقاً بموجب خطة حقوق المدير، والتي يمكن تسويتها نقداً أو أسهماً حسب اختيار المدير.
John Donovan，是洛克希德马丁公司的董事，已在 2025-09-30 通过董事延迟补偿计划的延期发放董事费，取得了 100.1582 单位幻影股票，单位价值为 $499.21。该披露称幻影股票单位按 1:1 转换为普通股，但在报告人退休或离职时以现金结算。报告显示在 Deferred Comp Plan 下受益所有的幻影股票为 1,249.9498 股（含股息再投资），以及在 Directors Equity Plan 下先前取得的 1,765.1464 股股票单位，这些单位可按董事的选定以现金或股票结清。
- Transparent disclosure of director deferral transaction including price per unit ($499.21) and settlement terms
- Details on holdings across the Directors Deferred Compensation Plan and Directors Equity Plan (1,249.9498 and 1,765.1464 units) improve investor visibility
- Deferred units under the Deferred Compensation Plan are settled in cash, so the reporting person may not receive actual shares that carry voting rights
Insights
TL;DR: Routine director compensation deferral into phantom units; holdings are disclosed and settlement is largely cash‑based.
The filing documents a standard director action: deferral of retainer fees into phantom stock units rather than an open‑market purchase. The units are recorded as phantom units that convert one‑for‑one to common stock for accounting but are explicitly settled in cash on termination or retirement for the Deferred Compensation Plan. Disclosure of dividend reinvestment and previously held equity plan units provides transparency on total director economic exposure. This is a compliance‑oriented Form 4 with no indication of unusual timing or exertion of control rights.
TL;DR: Director elected to receive compensation in deferred phantom stock units valued at $499.21 each; treatment aligns with plan rules.
The transaction reflects an administrative comp‑plan election to defer cash retainer into company‑tied phantom units. The per‑unit valuation of $499.21 is provided, and the report notes accumulation via dividend reinvestment. Important for pay‑structure analysis is that Deferred Compensation Plan units settle in cash, whereas Equity Plan units may be paid in cash or stock per director election, which affects realized equity exposure and potential dilution impact. Overall, the move is a standard compensation mechanics disclosure rather than a market signal.
John Donovan, un amministratore di Lockheed Martin, ha segnalato l'acquisto di 100,1582 unità di phantom stock il 30/09/2025 tramite l'accantonamento differito della retribuzione degli amministratori previsto dal Lockheed Martin Directors Deferred Compensation Plan, con un valore unitario di $499,21. La relazione indica che le unità di phantom stock si convertono 1:1 in azioni ordinarie, ma si regolano in contanti al momento della pensione o della cessazione dell'incarico. Il rapporto mostra 1.249,9498 azioni phantom detenute a vantaggio secondo il Deferred Comp Plan (inclusi reinvestimenti dei dividendi) e 1.765,1464 unità azionarie acquisite in passato ai sensi del Directors Equity Plan, che possono essere liquidate in contanti o in azioni a scelta del direttore.
John Donovan, director de Lockheed Martin, informó la adquisición de 100,1582 unidades de phantom stock el 30/09/2025 mediante el diferimiento de las honorarios de director bajo el Lockheed Martin Directors Deferred Compensation Plan, a un valor por unidad de $499,21. La presentación indica que las unidades de phantom stock se convierten 1 a 1 en acciones comunes, pero se liquidan en efectivo al momento de la jubilación o terminación del informe. El informe muestra 1.249,9498 phantom shares beneficiosamente poseídas bajo el Deferred Comp Plan (incluidos reinversiones de dividendos) y 1.765,1464 unidades de acciones adquiridas anteriormente bajo el Directors Equity Plan, que pueden liquidarse en efectivo o en acciones según lo elija el director.
John Donovan은 Lockheed Martin의 이사로서 2025-09-30에 이사 보수의 연기 형태로 100.1582 팬텀 주식 단위를 취득했다고 보고했다. 단위당 가치는 $499.21이다. 이 공시는 팬텀 주식 단위가 보통주로 1대1 전환되지만 보고자 은퇴 또는 해고 시에 현금으로 정산된다고 명시한다. 보고서는 Deferred Comp Plan 아래 이점으로 소유된 1,249.9498주의 팬텀 주식과 배당 재투자를 포함한 1,765.1464주의 이전에 취득한 주식 단위를 보여주며, 이들 단위는 이사가 선택한 방식으로 현금 또는 주식으로 정산될 수 있다.
John Donovan, administrateur chez Lockheed Martin, a signalé l'acquisition de 100,1582 unités d'actions fantômes le 30/09/2025 par le biais du report des honoraires d'administrateur selon le Lockheed Martin Directors Deferred Compensation Plan, à une valeur par unité de $499,21. Le dossier indique que les unités d'actions fantômes se convertissent 1 pour 1 en actions ordinaires mais sont réglées en espèces lors de la retraite ou de la résiliation du déclarant. Le rapport indique 1.249,9498 actions fantômes détenues bénéficiairement dans le cadre du Deferred Comp Plan (y compris les réinvestissements des dividendes) et 1.765,1464 unités d'actions acquises précédemment dans le Directors Equity Plan, qui peuvent être réglées en espèces ou en actions selon le choix du directeur.
John Donovan, ein Direktor von Lockheed Martin, meldete den Erwerb von 100,1582 Phantom-Stock-Einheiten am 30.09.2025 durch das Aufschieben von Direktorenhonorarzahlungen im Rahmen des Lockheed Martin Directors Deferred Compensation Plan zu einem Stückwert von 499,21 USD. Die Einreichung besagt, dass Phantom-Stock-Einheiten eins zu eins in Stammaktien umgewandelt werden, aber bei der Berichterstattung der meldenden Person bei Ruhestand oder Beendigung in bar abgewickelt werden. Der Bericht zeigt 1.249,9498 Phantom-Aktien, die im Deferred Comp Plan begünstigt gehalten werden (einschließlich Dividendene reinvestitionen), sowie 1.765,1464 zuvor erworbene Aktieneinheiten unter dem Directors Equity Plan, die je nach Wahl des Direktors in bar oder in Aktien abgewickelt werden können.
FAQ
What did John Donovan report on Form 4 for LMT?
At what price were the phantom stock units recorded?
How many phantom units does the Form 4 show Donovan beneficially owns?
Will these phantom units be paid in stock or cash?
Does the Form 4 indicate any open‑market purchases or sales by the director?
