Director David B. Burritt filed a Form 4 with the SEC on October 27, 2026, reporting a same-day transfer of 1,796 shares of Lockheed Martin Corp common stock on October 23, 2026, from an irrevocable family trust to a revocable living trust of which he is the sole trustee.

Key Highlights

  • Reporting person: David B. Burritt, listed as a Director of Lockheed Martin Corp (NYSE:LMT).
  • Transaction date: October 23, 2026, with the filing submitted October 27, 2026.
  • Transaction code: G (gift/transfer), covering 1,796 shares of common stock at a price of $0.0000.
  • Nature of transfer: Shares moved from an irrevocable trust for the benefit of immediate family members to a revocable living trust of which Burritt is the sole trustee.
  • Direct holdings following the transaction: 6,003 shares of common stock held directly.
  • Indirect holdings following the transaction: 0.0000 shares held indirectly by trust, reflecting the transfer out of the irrevocable trust.

Burritt Trust Restructuring: What the Filing Describes

According to the Form 4 filing, Director David B. Burritt reorganized his beneficial ownership of Lockheed Martin Corp common stock on October 23, 2026. The transaction is coded "G" in both Table I entries, indicating a gift or similar transfer rather than a market purchase or sale. The filing notes that the price attributed to the transaction was $0.0000, consistent with a non-market transfer.

The filing's explanation of responses states: "The Reporting Person transferred these shares from an irrevocable trust for the benefit of members of his immediate family to a revocable living trust of which he is the sole trustee." Following the transaction, Burritt's direct beneficial ownership is reported as 6,003 shares of common stock. The indirect position held "By Trust" is reported as 0.0000 following the disposition of 1,796 shares from that trust.

The Form 4 was signed by Lynda M. Noggle as attorney-in-fact for Burritt and submitted on October 27, 2026. No derivative securities were reported in Table II of the filing.

What Was Disclosed

Director David B. Burritt disclosed a transfer of 1,796 Lockheed Martin Corp common shares on October 23, 2026, between two trusts at $0.0000 per share. His direct beneficial ownership following the transaction stands at 6,003 shares, with no remaining indirect holdings by trust.