Lockheed Martin (LMT) CEO granted 8,803 restricted stock units as equity pay
Rhea-AI Filing Summary
TAICLET JAMES D JR reported acquisition or exercise transactions in this Form 4 filing.
LOCKHEED MARTIN CORP Chairman, President & CEO James D. Taiclet Jr. reported an equity compensation award of 8,803 restricted stock units. Each unit represents a contingent right to receive one share of Lockheed Martin common stock.
The award of restricted stock units vests on the third anniversary of the grant date. For retirement-eligible executives, vesting can be accelerated as needed to cover tax withholding, with the related vested shares disposed back to the company to satisfy those tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 8,803 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of LMT common stock. Award of restricted stock units which vests on the third anniversary of the grant date. Per the award agreement, vesting may be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible Reporting Persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the Reporting Person's tax withholding obligations, which is an exempt transaction under Rule 16b-3.
FAQ
What insider transaction did LMT CEO James Taiclet report on this Form 4?
How many restricted stock units were granted to the LMT CEO?
When do the granted LMT restricted stock units vest for the CEO?
Can vesting of the LMT CEO’s restricted stock units be accelerated?
Does the CEO pay a purchase price for the 8,803 LMT restricted stock units?
How many restricted stock units does the LMT CEO hold after this award?