Lockheed Martin (LMT) CEO details RSU exercise, new grant and tax share disposition

Rhea-AI Filing Summary

Lockheed Martin Chairman, President & CEO James D. Taiclet Jr. reported multiple equity transactions in connection with long-term incentive awards. He exercised 9,618 restricted stock units, converting them into the same number of shares of common stock at a stated price of $0.00 per share.

He also received a separate grant or award of 7,842 shares of common stock, bringing his directly held common stock to 51,623.855 shares before tax withholding. To cover tax obligations upon vesting and settlement of stock units, 7,661 shares of common stock were disposed to Lockheed Martin at $658.26 per share, reducing his direct common stock holdings to 43,962.855 shares.

In addition to direct ownership, the filing shows 32,831 shares of common stock held indirectly through a grantor retained annuity trust and 70.3951 shares held indirectly in the Lockheed Martin Salaried Savings Plan as of the reportable date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TAICLET JAMES D JR

(Last) (First) (Middle)

6801 ROCKLEDGE DRIVE

(Street)

BETHESDA MD 20817

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LOCKHEED MARTIN CORP [ LMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/22/2026		M		9,618	A	$0(1)	43,781.855	D
Common Stock	02/22/2026		A		7,842(2)	A	$0(2)	51,623.855	D
Common Stock	02/22/2026		F		7,661(3)	D	$658.26	43,962.855	D
Common Stock								32,831	I	By grantor retained annuity trust(4)
Common Stock								70.3951(5)	I	Lockheed Martin Salaried Savings Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/22/2026		M			9,618	(6)	02/22/2026	Common Stock	9,618	$0.0000	0.0000	D

Explanation of Responses:

1. Restricted stock units convert to common stock on a one-for-one basis.

2. Shares acquired upon settlement of performance stock units granted on February 22, 2023, following the end of a three-year performance period 2023-2025 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.

3. 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.

4. Reflects the Reporting Person's contribution of 32,831 shares of Issuer common stock to a grantor retained annuity trust since the date of the Reporting Person's last filed Form 4, which contribution is exempt under Rule 16a-13. These shares were previously reported as directly beneficially owned.

5. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.

6. On February 22, 2023, the reporting person was granted 10,009 restricted stock units, the remaining unvested portion of which vested on the third anniversary of the grant date.

	James D. Taiclet, by Lynda M. Noggle, Attorney-in-fact	02/24/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did LMT CEO James Taiclet report on this Form 4?

James Taiclet reported exercising 9,618 restricted stock units into common stock, receiving a grant of 7,842 common shares, and a tax-withholding disposition of 7,661 shares back to Lockheed Martin to satisfy equity-related tax obligations.

How many Lockheed Martin (LMT) shares does James Taiclet now hold directly?

After these transactions, James Taiclet directly holds 43,962.855 shares of Lockheed Martin common stock. This reflects the exercise of restricted stock units, a new share grant, and shares delivered back to the issuer for tax withholding.

What was the purpose of the 7,661-share disposition reported by LMT’s CEO?

The 7,661-share disposition was made to Lockheed Martin to cover the reporting person’s tax withholding obligation upon vesting and settlement of stock units, as described in the filing’s footnotes and reported as a tax-withholding disposition.

What performance-based awards are referenced in this Lockheed Martin (LMT) Form 4?

The filing notes shares acquired upon settlement of performance stock units granted on February 22, 2023, following a three-year performance period from 2023 to 2025, with payout based on performance against three separate financial metrics.

What indirect holdings of Lockheed Martin (LMT) stock are associated with James Taiclet?

Indirect holdings include 32,831 shares of Lockheed Martin common stock held through a grantor retained annuity trust and 70.3951 shares held through the Lockheed Martin Salaried Savings Plan as of the reportable transaction date.

How do restricted stock units convert in this Lockheed Martin (LMT) Form 4 filing?

The restricted stock units convert into Lockheed Martin common stock on a one-for-one basis, meaning each unit settled generates one share of common stock, as explicitly stated in the filing’s footnotes.