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St John Frank A

Disclosed activity across 1 company

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14359
SEC CIK
0001728300

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
LOCKHEED MARTIN CORPLMT · Entity 2882Chief Operating OfficerJuly 31, 2026August 04, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

LOCKHEED MARTIN CORP

Report date July 31, 2026 · Filed August 04, 2026

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeIndirectLockheed Martin Salaried Savings Plan0 Reported balance After 2026-07-31 transaction · row 1 Account identity is unresolved; indirect or unspecified ownership is not merged.
1 source row

Row 1 · 2026-07-31 · Other · Disposed 7.0245 · Balance 0

F1: The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The disposition was valued at the closing price of LMT on the date of transfer ($582.74).

Phantom Stock UnitsSEC Table II · derivative / convertible securityIndirectLM Supplemental Savings Plan0 Reported balance After 2026-07-31 transaction · row 3 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 3 · 2026-07-31 · Other · Disposed 53.6665 · Balance 0

F3: Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Supplemental Savings Plan will be settled in cash upon the Reporting Person's retirement or termination of service.

F1: The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The disposition was valued at the closing price of LMT on the date of transfer ($582.74).

F4: Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under Lockheed Martin's Supplemental Savings Plan.

Common StockSEC Table I · non-derivativeDirect3,873.892 Reported balance Holding disclosure · report date 2026-07-31 · row 2 Holding and transaction disclosures are not merged.
1 source row

Row 2 · Balance 3,873.892

F2: Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.

Phantom Stock UnitsSEC Table II · derivative / convertible securityIndirectLockheed Martin DMICP162.4142 Reported balance Holding disclosure · report date 2026-07-31 · row 4 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 4 · Balance 162.4142

F5: Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the Reporting Person's retirement or termination of service.

F2: Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.

Filing footnotes · ownership attribution and instrument terms

F1: The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The disposition was valued at the closing price of LMT on the date of transfer ($582.74).

F2: Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.

F3: Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Supplemental Savings Plan will be settled in cash upon the Reporting Person's retirement or termination of service.

F4: Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under Lockheed Martin's Supplemental Savings Plan.

F5: Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the Reporting Person's retirement or termination of service.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
February 06, 2020 Filed Feb 11, 2020 02:29 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GiftCommon Stock 1,400 $0.00 $0.00
Disclosure

SEC source: 0001225208-20-001909 · doc4.xml · nonDerivative · entry 2

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0.569

Read SEC document
February 06, 2020 Filed Feb 11, 2020 02:29 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 SaleCommon Stock 556 $438.60 $243,861.99
Disclosure

SEC source: 0001225208-20-001909 · doc4.xml · nonDerivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,400.569

Read SEC document
January 26, 2020 Filed Jan 28, 2020 23:29 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Exercise / conversionRestricted Stock Units · Derivative 1,723 Not disclosed Not disclosed
Disclosure

SEC source: 0001225208-20-001265 · doc4.xml · derivative · entry 5

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,723 shares

Expires 2020-01-26

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F6 · price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F6 · derivative.exercise_date: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

Read SEC document
January 26, 2020 Filed Jan 28, 2020 23:29 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Tax withholdingCommon Stock 913 $432.50 $394,872.50
Disclosure

SEC source: 0001225208-20-001265 · doc4.xml · nonDerivative · entry 3

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,956.569

F3 · shares: Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting and settlement of stock units which is exempt under Rule 16b-3.

F4 · balance_after: End of period holdings include additional acquisitions through dividend reinvestment.

Read SEC document
January 26, 2020 Filed Jan 28, 2020 23:29 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GrantCommon Stock 582 $432.50 $251,715.00
Disclosure

SEC source: 0001225208-20-001265 · doc4.xml · nonDerivative · entry 2

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,869.569

F2 · shares: Shares acquired upon settlement of performance stock units granted on January 26, 2017, following the end of a three-year performance period 2017-2019 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.

Read SEC document
January 26, 2020 Filed Jan 28, 2020 23:29 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Exercise / conversionCommon Stock 1,723 $0.00 $0.00
Disclosure

SEC source: 0001225208-20-001265 · doc4.xml · nonDerivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,287.569

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit granted on January 26, 2017, was the economic equivalent of one share of LMT common stock.

Read SEC document
February 27, 2019 Filed Feb 28, 2019 22:00 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 SaleCommon Stock 1,900 $305.42 $580,306.55
Disclosure

SEC source: 0001225208-19-003968 · doc4.xml · nonDerivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 550.696

F1 · price: The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $305.23 to $305.69. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.

Read SEC document
February 21, 2019 Filed Feb 26, 2019 01:00 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GrantRestricted Stock Units · Derivative 3,866 $0.00 $0.00
Disclosure

SEC source: 0001225208-19-003607 · doc4.xml · derivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,866

Underlying: Common Stock · 3,866 shares

Expires 2022-02-21

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F2 · shares: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.underlying_shares: 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.

Read SEC document
January 30, 2019 Filed Feb 1, 2019 22:23 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GrantPhantom Stock Units · Derivative 76.936 Not disclosed Not disclosed
Disclosure

SEC source: 0001225208-19-001680 · doc4.xml · derivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Indirect · Lockheed Martin LTIP

Disclosed balance after: 76.936

Underlying: Common Stock · 76.936 shares

Expires not disclosed

F1 · derivative.exercise_price: The stock units convert on a 1-for-1 basis.

F2 · price: Phantom stock units acquired at $291.67 through voluntary deferral under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in settled in stock upon the reporting person's retirement or termination of service.

F2 · derivative.exercise_date: Phantom stock units acquired at $291.67 through voluntary deferral under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in settled in stock upon the reporting person's retirement or termination of service.

F2 · derivative.expiration_date: Phantom stock units acquired at $291.67 through voluntary deferral under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in settled in stock upon the reporting person's retirement or termination of service.

Read SEC document
January 28, 2019 Filed Jan 31, 2019 00:08 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Exercise / conversionRestricted Stock Units · Derivative 2,059 Not disclosed Not disclosed
Disclosure

SEC source: 0001225208-19-001603 · doc4.xml · derivative · entry 5

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,059 shares

Expires 2019-01-28

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F6 · price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F6 · derivative.exercise_date: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

Read SEC document
January 28, 2019 Filed Jan 31, 2019 00:08 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Tax withholdingCommon Stock 698 $287.87 $200,933.26
Disclosure

SEC source: 0001225208-19-001603 · doc4.xml · nonDerivative · entry 3

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,450.696

F3 · shares: Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of stock units which is exempt under Rule 16b-3.

F4 · balance_after: End of period holdings include additional acquisitions through dividend reinvestment.

Read SEC document
January 28, 2019 Filed Jan 31, 2019 00:08 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GrantCommon Stock 558 $287.87 $160,631.46
Disclosure

SEC source: 0001225208-19-001603 · doc4.xml · nonDerivative · entry 2

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,148.696

F2 · shares: Shares acquired upon settlement of performance stock units granted on January 28, 2016, following the end of a three-year performance period 2016-2018 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.

Read SEC document
January 28, 2019 Filed Jan 31, 2019 00:08 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Exercise / conversionCommon Stock 2,059 $0.00 $0.00
Disclosure

SEC source: 0001225208-19-001603 · doc4.xml · nonDerivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,590.696

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit granted on January 28, 2016 was the economic equivalent of one share of LMT common stock.

Read SEC document
November 02, 2018 Filed Nov 6, 2018 23:32 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 OtherPhantom Stock Units · Derivative 176.2259 Not disclosed Not disclosed
Disclosure

SEC source: 0001225208-18-015238 · doc4.xml · derivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Indirect · LM Supplemental SSP

Disclosed balance after: 0

Underlying: Common Stock · 176.2259 shares

Expires not disclosed

F1 · derivative.exercise_price: The stock units convert on a 1-for-1 basis.

F2 · shares: The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the Lockheed Martin Supplemental Salaried Savings Plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The transfer resulted in the Reporting Person's disposition of phantom stock units (including additional acquisitions under the dividend reinvestment plan) at $299.28.

F2 · price: The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the Lockheed Martin Supplemental Salaried Savings Plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The transfer resulted in the Reporting Person's disposition of phantom stock units (including additional acquisitions under the dividend reinvestment plan) at $299.28.

F2 · derivative.exercise_date: The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the Lockheed Martin Supplemental Salaried Savings Plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The transfer resulted in the Reporting Person's disposition of phantom stock units (including additional acquisitions under the dividend reinvestment plan) at $299.28.

F2 · derivative.expiration_date: The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the Lockheed Martin Supplemental Salaried Savings Plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The transfer resulted in the Reporting Person's disposition of phantom stock units (including additional acquisitions under the dividend reinvestment plan) at $299.28.

Read SEC document
February 27, 2018 Filed Mar 1, 2018 22:03 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 SaleCommon Stock 1,500 $360.55 $540,830.85
Disclosure

SEC source: 0001225208-18-004956 · doc4.xml · nonDerivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 509

F1 · price: The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $360.21 to $361.05. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.

Read SEC document
February 22, 2018 Filed Feb 27, 2018 02:07 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GrantPhantom Stock Units · Derivative 54.4719 Not disclosed Not disclosed
Disclosure

SEC source: 0001225208-18-004300 · doc4.xml · derivative · entry 2

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Indirect · Lockheed Martin DMICP

Disclosed balance after: 54.4719

Underlying: Common Stock · 54.4719 shares

Expires not disclosed

F3 · derivative.exercise_price: The stock units convert on a 1-for-1 basis.

F4 · price: Phantom stock units acquired at $358.69 per share through voluntary deferral under under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service.

F4 · derivative.exercise_date: Phantom stock units acquired at $358.69 per share through voluntary deferral under under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service.

F4 · derivative.expiration_date: Phantom stock units acquired at $358.69 per share through voluntary deferral under under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service.

Read SEC document
February 22, 2018 Filed Feb 27, 2018 02:07 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GrantRestricted Stock Units · Derivative 3,045 $0.00 $0.00
Disclosure

SEC source: 0001225208-18-004300 · doc4.xml · derivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,045

Underlying: Common Stock · 3,045 shares

Expires 2021-02-22

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F2 · shares: 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.

F2 · derivative.exercise_date: 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.

F2 · derivative.underlying_shares: 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.

Read SEC document
January 29, 2018 Filed Jan 31, 2018 22:41 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Exercise / conversionRestricted Stock Units · Derivative 2,145 Not disclosed Not disclosed
Disclosure

SEC source: 0001225208-18-001946 · doc4.xml · derivative · entry 5

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,145 shares

Expires 2018-01-29

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F5 · price: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

F5 · derivative.exercise_date: Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

Read SEC document
January 29, 2018 Filed Jan 31, 2018 22:41 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Tax withholdingCommon Stock 769 $351.42 $270,241.98
Disclosure

SEC source: 0001225208-18-001946 · doc4.xml · nonDerivative · entry 3

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,009

F3 · shares: Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock units which is exempt under Rule 16b-3.

Read SEC document
January 29, 2018 Filed Jan 31, 2018 22:41 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 GrantCommon Stock 633 $351.42 $222,448.86
Disclosure

SEC source: 0001225208-18-001946 · doc4.xml · nonDerivative · entry 2

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,778

F2 · shares: Shares acquired upon settlement of performance stock units granted on January 29, 2015, following the end of a three-year performance period 2015-2017 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics. The shares were acquired at $351.42 per share, the closing price of LMT on January 29, 2018.

Read SEC document
January 29, 2018 Filed Jan 31, 2018 22:41 UTC LOCKHEED MARTIN CORP LMT · Entity 2882 Exercise / conversionCommon Stock 2,145 $0.00 $0.00
Disclosure

SEC source: 0001225208-18-001946 · doc4.xml · nonDerivative · entry 1

St John Frank A · CIK 0001728300 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,145

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit granted on January 29, 2015 was the economic equivalent of one share of LMT common stock.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.