Lockheed Martin Director David B. Burritt Acquires Phantom Stock via Retainer Deferral
LOCKHEED MARTIN CORP
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Filing Summary
# Insider Trade Alert: Lockheed Martin Corp (LMT)
**Insider:** David B. Burritt (Director)
**Transaction:** Acquisition (Retainer Fee Deferral)
**Security:** Phantom Stock Units
**Shares:** 83.456
**Price:** $509.25
**Total Value:** $42,499.97
**Post-Transaction Holdings:** 11,632.9162 units (Deferred Comp Plan)
**Significance:** Low (Routine quarterly director compensation deferral)
Comprehensive Analysis
Transaction Overview
On September 30, 2026, Lockheed Martin Corporation (NYSE: LMT) Director David B. Burritt acquired 83.456 phantom stock units at a conversion/reference price of $509.25 per share, representing a total value of approximately $42,500. The units were acquired through a voluntary or mandatory deferral of quarterly director retainer fees under the Lockheed Martin Corporation Directors Deferred Compensation Plan.
Holdings Summary
- Post-Transaction Holdings (Directors Deferred Comp Plan): 11,632.9162 phantom stock units.
- Additional Indirect Holdings (Directors Equity Plan): 14,278.1072 phantom stock units.
- Conversion Ratio: 1-for-1 into LMT common stock upon retirement or termination of service.
Market and Trading Context
This filing represents standard non-employee director compensation deferral rather than an open-market transaction. Given the routine nature of retainer fee deferrals and the relatively modest transaction value ($42,500), this filing carries low informational and trading significance for investors.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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