Lockheed Martin Director John Donovan Acquires Phantom Stock via Retainer Deferral
LOCKHEED MARTIN CORP
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Filing Summary
📋 Lockheed Martin Corp ($LMT) Form 4 Filing Insider: John Donovan (Director) Action: Acquired 96.96 Phantom Stock Units at $509.25 ($49.38K total) Plan: Lockheed Martin Directors Deferred Compensation Plan Direct/Indirect: Indirect Significance: Low (Routine Retainer Fee Deferral)
Comprehensive Analysis
Transaction Summary
On September 30, 2026, Lockheed Martin Corp ($LMT) Director John Donovan acquired 96.9563 phantom stock units at a price of $509.25 per unit, representing a total value of approximately $49,375.00.
Filing Details
- Plan Details: The phantom stock units were acquired through a director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan.
- Conversion Terms: The phantom stock units convert to common stock on a 1-for-1 basis and are settled in cash upon the reporting person's retirement or termination of service.
- Ownership Post-Transaction: Following this transaction, Donovan holds 1,665.5769 phantom stock units indirectly under the Directors Deferred Compensation Plan, alongside an existing holding of 2,077.1854 phantom stock units under the Directors Equity Plan.
Market & Trading Significance
This transaction represents routine, automatic non-employee director compensation via retainer fee deferral and carries low informational significance for broader market sentiment or price action.
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