Lockheed Martin Director Executes Trust Transfer of Common Stock

Executive Summary

On October 27, 2026, Lockheed Martin Corp ($LMT) director David B. Burritt filed a Form 4 disclosing a transfer of 1,796 shares of Common Stock executed on October 23, 2026. The transaction represents an internal trust transfer for estate planning purposes, carrying zero transaction price and reflecting no change in market sentiment.

Transaction Breakdown

• Security: Common Stock
• Transaction Code: G (Bona fide gift / transfer)
• Volume: 1,796 shares
• Price per Share: $0.00
• Total Value: $0.00
• Nature of Transfer: The shares were transferred from an irrevocable trust established for the benefit of family members to a revocable living trust where Mr. Burritt serves as the sole trustee.
• Ending Direct Holdings: 6,003 shares
• Ending Indirect Holdings (Trust): 0 shares

Market & Governance Impact

Because this transaction represents an estate planning transfer between trust accounts rather than an open-market purchase or sale, it does not convey an investment signal regarding the company's valuation or operational prospects. Insider ownership significance is evaluated as Low.