Dunford Joseph F Jr 4

What Happened

• Joseph F. Dunford Jr, a director of Lockheed Martin Corporation (LMT), was granted 80.66 phantom stock units (reported as a derivative award) on March 31, 2026. The units were part of director compensation and were recorded at $604.39 per unit, implying an economic value of about $48,750. These are awards/retainer‑deferral units (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (timely).
• Award: 80.66 phantom stock units reported as derivative securities (no open‑market price listed in the main table).
• Implied unit value per footnote: $604.39 (total ≈ $48,750).
• Settlement: Footnotes state these are phantom stock units that generally convert one‑for‑one to common shares, but the units acquired via the director retainer fee deferral plan are settled in cash upon the reporting person’s retirement or termination of service.
• Plans referenced: Directors Deferred Compensation Plan (fee deferral, cash settlement) and Directors Equity Plan (previous units; cash or stock settlement options noted).
• Shares owned after the transaction: not specified on the provided filing details. Holdings as of the report date may include dividend reinvestment (per footnote).

Context

• This transaction is a routine director compensation award (derivative/phantom units) rather than a market purchase or sale and does not by itself signal insider sentiment about the stock. The units are exempt under Section 16(b) as noted in the footnotes and will be settled according to the plan rules (cash on retirement for the deferral units described).