Lockheed Martin Corp (NYSE: LMT) COO reallocates stock in savings plans
Rhea-AI Filing Summary
St John Frank A reported disposition transactions in this Form 4 filing.
Lockheed Martin Corp Chief Operating Officer Frank A. St John reported discretionary intra-plan transfers on July 31, 2026, moving 53.6665 Phantom Stock Units and 7.0245 shares of Common Stock out of company stock funds into other company savings and compensation plan investment options, valued at $582.74 per share. After these reallocations he holds 3,873.8920 Common shares directly and 162.4142 Phantom Stock Units indirectly through the Lockheed Martin Deferred Management Incentive Compensation Plan, which convert to common stock one-for-one and are settled in stock at retirement or termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7.0245 shares
Net Sell
4 txns
Insider
St John Frank A
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Phantom Stock Units F3, F1, F4 | 53.6665 | -- | -- |
| Discretionary | Common Stock F1 | 7.0245 | $0.00 | $0.00 |
| holding | Phantom Stock Units F5, F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 0 shares (Indirect, LM Supplemental Savings Plan);
Common Stock — 0 shares (Indirect, Lockheed Martin Salaried Savings Plan);
Phantom Stock Units — 162.4142 shares (Indirect, Lockheed Martin DMICP);
Common Stock — 3,873.892 shares (Direct)
Footnotes (5)
- F1. The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The disposition was valued at the closing price of LMT on the date of transfer ($582.74).
- F2. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
- F3. Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Supplemental Savings Plan will be settled in cash upon the Reporting Person's retirement or termination of service.
- F4. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under Lockheed Martin's Supplemental Savings Plan.
- F5. Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the Reporting Person's retirement or termination of service.
Key Figures
Phantom Stock Units transferred: 53.6665 units
Common Stock transferred: 7.0245 shares
Valuation price per share: $582.74
+2 more
5 metrics
Phantom Stock Units transferred
53.6665 units
Intra-plan transfer from LM Supplemental Savings Plan on July 31, 2026
Common Stock transferred
7.0245 shares
Intra-plan transfer from Lockheed Martin Salaried Savings Plan on July 31, 2026
Valuation price per share
$582.74
Closing LMT share price used to value the intra-plan transfers on July 31, 2026
Common Stock held directly after transactions
3,873.8920 shares
Direct Common Stock holdings as of the reportable transaction date, including dividend reinvestment
Phantom Stock Units held indirectly after transactions
162.4142 units
Indirect Phantom Stock Unit holdings in the Lockheed Martin Deferred Management Incentive Compensation Plan
Key Terms
Phantom Stock Units, Rule 16b-3(f), Lockheed Martin Supplemental Savings Plan, Lockheed Martin Deferred Management Incentive Compensation Plan, +1 more
5 terms
Phantom Stock Units financial
"Phantom stock units convert to common stock on a one-for-one basis."
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.
Rule 16b-3(f) regulatory
"The transaction was a discretionary transaction exempt under Rule 16b-3(f)."
Lockheed Martin Supplemental Savings Plan financial
"Shares of phantom stock acquired under the Lockheed Martin Supplemental Savings Plan will be settled in cash..."
Lockheed Martin Deferred Management Incentive Compensation Plan financial
"Shares of phantom stock acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan..."
intra-plan transfer financial
"The Reporting Person effected an intra-plan transfer of funds held in the company stock fund..."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did Lockheed Martin (LMT) COO Frank A. St John report?
Frank A. St John reported discretionary intra-plan transfers on July 31, 2026, moving 53.6665 Phantom Stock Units and 7.0245 Common shares out of Lockheed Martin stock funds into other plan investment options, valued at the $582.74 closing share price for that day.
Were Frank A. St John’s LMT transactions market sales of stock?
No. The reported actions were intra-plan transfers within company savings plans, described as discretionary transactions exempt under Rule 16b-3(f), using the closing price only to value the disposition, with no indication of open-market buying or selling of Lockheed Martin shares.
What are Phantom Stock Units in Lockheed Martin (LMT) plans and how are they settled?
Lockheed Martin Phantom Stock Units convert to common stock on a one-for-one basis. Units under the Supplemental Savings Plan are settled in cash at retirement or termination, while units under the Deferred Management Incentive Compensation Plan are settled in stock at retirement or termination of service.
Were Frank A. St John’s LMT transactions made under a Rule 10b5-1 trading plan?
The transactions were reported as discretionary intra-plan transfers exempt under Rule 16b-3(f), and the Form 4’s Rule 10b5-1 checkbox was not marked as using such a plan, indicating they were not affirmed as trades under a pre-arranged 10b5-1 trading plan.