Lockheed Martin exec granted 2,084 RSUs
Hill Stephanie C. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Hill Stephanie C. reported acquisition or exercise transactions in this Form 4 filing.
Lockheed Martin executive Stephanie C. Hill, President of Rotary & Mission Systems, received a grant of 2,084 restricted stock units of Lockheed Martin common stock at a price of $0.00 per unit. Each unit represents the right to receive one share of common stock if vesting conditions are met.
The award vests on the third anniversary of the grant date. For retirement-eligible executives, vesting may be accelerated as needed to cover tax withholding, with the corresponding vested shares delivered back to the company 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 | 2,084 | $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 for Stephanie C. Hill?
How many restricted stock units did Stephanie C. Hill acquire in this Lockheed Martin Form 4?
What are the vesting terms of Stephanie C. Hill’s restricted stock units at Lockheed Martin (LMT)?
Does Stephanie C. Hill pay anything for the restricted stock units reported by Lockheed Martin (LMT)?
How will taxes be handled on Stephanie C. Hill’s Lockheed Martin restricted stock units?
What does each restricted stock unit represent in this Lockheed Martin (LMT) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.