Lockheed Martin director acquires 83.5 stock-linked units

Non-employee directors who have satisfied stock ownership guidelines may elect April payment for qualifying awards on the first business day after vesting.

Rhea-AI Filing Summary

Lockheed Martin Corporation director David B. Burritt reported an indirect acquisition of 83.4560 Phantom Stock Units on September 30, 2026, at $509.25 per share through director retainer fee deferral under the Lockheed Martin Directors Deferred Comp Plan. Post-transaction holdings in that plan were 11,632.9162 units, including additional acquisitions through dividend reinvestment. A separate Directors Equity Plan holding was 14,278.1072 units. Deferred Compensation Plan units convert one-for-one to common stock and are settled in cash upon retirement or termination of service.

Insider Trade Summary

Grant/Award: 83.456 shares

Grant/Award 2 txns

Insider BURRITT DAVID B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F1, F2, F3	83.456	--	--
holding	Phantom Stock Units F1, F4, F3	--	--	--

Holdings After Transaction: Phantom Stock Units — 11,632.9162 contracts (Indirect, Lockheed Martin Directors Deferred Comp Plan); Phantom Stock Units — 14,278.1072 contracts (Indirect, Lockheed Martin Directors Equity Plan)

Footnotes (4)

1. F1. Phantom stock units convert to common stock on a one-for-one basis.
2. F2. The information pertains to phantom stock units acquired at $509.25 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.
3. F3. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
4. F4. 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.

Key Figures

Phantom Stock Units acquired: 83.4560 units Acquisition price: $509.25 per share Post-transaction holdings: 11,632.9162 units +1 more

4 metrics

Phantom Stock Units acquired 83.4560 units September 30, 2026; Directors Deferred Comp Plan

Acquisition price $509.25 per share Director retainer fee deferral

Post-transaction holdings 11,632.9162 units Directors Deferred Comp Plan; includes additional acquisitions through dividend reinvestment

Directors Equity Plan holding 14,278.1072 units September 30, 2026

Key Terms

Phantom Stock Units, director retainer fee deferral, dividend reinvestment, stock ownership guidelines

4 terms

Phantom Stock Units technical

"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.

director retainer fee deferral financial

"through director retainer fee deferral"

dividend reinvestment financial

"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.

stock ownership guidelines financial

"who have satisfied our stock ownership guidelines"

Stock ownership guidelines are company rules that require executives and board members to hold a minimum amount of the company’s shares, often expressed as a dollar value or as a multiple of their salary. They matter to investors because they align leaders’ financial incentives with long-term shareholder value—think of it as forcing managers to have “skin in the game”—and can reduce the likelihood of short-term decisions that hurt the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LMT phantom stock units did David B. Burritt acquire?

David B. Burritt acquired 83.4560 Phantom Stock Units at $509.25 per share on September 30, 2026, through director retainer fee deferral under the Lockheed Martin Directors Deferred Comp Plan. Post-transaction holdings in that plan were 11,632.9162 units, including additional acquisitions through dividend reinvestment.

How are LMT Directors Equity Plan units settled?

Previously acquired units under the Directors Equity Plan are settled in cash or stock, as the director elects, upon retirement or termination of service. Non-employee directors who have satisfied the stock ownership guidelines may elect payment of awards granted on or after January 1, 2018, together with any dividend equivalents, on the first business day of April following vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 05:33 PM Accepted by SEC EDGAR 10/01/2026 - 05:33 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BURRITT DAVID B

(Last) (First) (Middle)

6801 ROCKLEDGE DRIVE

(Street)

BETHESDA MARYLAND 20817

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LOCKHEED MARTIN CORP [ LMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	09/30/2026		A		83.456		(2)	(2)	Common Stock	83.456	(2)	11,632.9162(3)	I	Lockheed Martin Directors Deferred Comp Plan
Phantom Stock Units	(1)							(4)	(4)	Common Stock	14,278.1072		14,278.1072(3)	I	Lockheed Martin Directors Equity Plan

Explanation of Responses:

1. Phantom stock units convert to common stock on a one-for-one basis.

2. The information pertains to phantom stock units acquired at $509.25 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.

3. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.

4. 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.

	David B. Burritt, by Lynda M. Noggle, Attorney-in-fact	10/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)