Lockheed Martin (NYSE: LMT) director awarded new phantom stock units
Rhea-AI Filing Summary
Dunford Joseph F Jr reported acquisition or exercise transactions in this Form 4 filing.
Lockheed Martin director Joseph F. Dunford Jr. received 80.6598 phantom stock units on March 31, 2026 under the Lockheed Martin Directors Deferred Compensation Plan. These units track common stock one-for-one, were credited at $604.39 per share through deferral of director retainer fees, and are settled in cash when his board service ends. He also holds 2,952.6108 phantom stock units under the Amended and Restated Directors Equity Plan, which are payable in cash or stock upon retirement or termination of service, with certain awards eligible for payment in the April following vesting. Holdings include additional units from dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dunford Joseph F Jr
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 80.6598 | $0.00 | $0.00 |
| holding | Phantom Stock Units | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 80.6598 shares (Indirect, Lockheed Martin Directors Deferred Comp Plan);
Phantom Stock Units — 2,952.6108 shares (Indirect, Lockheed Martin Directors Equity Plan)
Footnotes (4)
- F1. Phantom stock units convert to common stock on a one-for-one basis.
- F2. The information pertains to phantom stock units acquired at $604.39 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled in cash upon the reporting person's retirement or termination of service.
- F3. The information pertains to previously acquired stock units under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan exempt under Section 16(b). Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment of awards granted on or after January 1, 2018 (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.
- F4. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
Key Figures
New phantom units granted: 80.6598 units
Reference share value: $604.39 per share
Directors Equity Plan units: 2,952.6108 units
+1 more
4 metrics
New phantom units granted
80.6598 units
Directors Deferred Compensation Plan on March 31, 2026
Reference share value
$604.39 per share
Director retainer fee deferral valuation
Directors Equity Plan units
2,952.6108 units
Phantom stock units held after reportable date
Exercise price of units
$0.0000
Phantom stock units convert one-for-one to common stock
Key Terms
Phantom stock units, Directors Deferred Compensation Plan, Amended and Restated Directors Equity Plan, dividend reinvestment
4 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.
Directors Deferred Compensation Plan financial
"through director retainer fee deferral 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.
Amended and Restated Directors Equity Plan financial
"previously acquired stock units 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did LMT director Joseph F. Dunford Jr. acquire in this Form 4?
Joseph F. Dunford Jr. received 80.6598 phantom stock units tied to Lockheed Martin common stock. The units were credited as part of deferred director retainer fees and represent compensation rather than an open-market stock purchase or sale.
How are Joseph F. Dunford Jr.’s LMT phantom stock units valued and credited?
The phantom stock units were acquired at a reference value of $604.39 per share through deferral of director retainer fees. Their value tracks Lockheed Martin common stock on a one-for-one basis, mirroring share performance without issuing actual shares immediately.
When will Joseph F. Dunford Jr.’s LMT phantom stock units be settled?
Phantom stock units under the Directors Deferred Compensation Plan are settled in cash when his board service ends. Units under the Directors Equity Plan are settled in cash or stock at retirement or termination, with some awards payable the first business day of April after vesting.
How many LMT phantom stock units does Joseph F. Dunford Jr. now hold?
Following the reported transactions, he holds 80.6598 phantom stock units in the Directors Deferred Compensation Plan and 2,952.6108 units in the Directors Equity Plan. These balances also reflect additional units accumulated through dividend reinvestment over time.
Are Joseph F. Dunford Jr.’s LMT phantom stock units settled in cash or stock?
Units under the Directors Deferred Compensation Plan are settled in cash at retirement or termination. Under the Directors Equity Plan, he may elect settlement in cash or stock, with some awards payable in early April following vesting once stock ownership guidelines are satisfied.