Director Vicki Hollub awarded phantom stock units at Lockheed Martin (LMT)

Rhea-AI Filing Summary

Lockheed Martin director Vicki A. Hollub received an award of phantom stock units under the company’s Directors Equity Plan. She acquired 260.5044 phantom stock units on a grant date value of $652.58 per unit, which convert into common stock on a one-for-one basis.

The award vests 50% on June 30 following the grant date and 50% on December 31 following the grant date, with full vesting upon specified events such as retirement under the age limitation, death, disability, change in control, or partial vesting upon failure to stand for reelection. The units are held indirectly in the Directors Equity Plan and will be settled in cash or stock at termination of service, alongside previously acquired phantom stock units in a deferred compensation plan that includes additional units from dividend reinvestment.

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^*

Hollub Vicki A.

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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

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
Phantom Stock Units	(1)	02/13/2026		A		260.5044		(2)	(2)	Common Stock	260.5044	(2)	3,897.8152(3)	I	Lockheed Martin Directors Equity Plan
Phantom Stock Units	(1)							(4)	(4)	Common Stock	2,511.2578		2,511.2578(3)	I	Lockheed Martin Directors Deferred Comp Plan

Explanation of Responses:

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

2. In accordance with the Lockheed Martin Corporation Amended and Restated Directors Equity Plan, each non-employee director received an award of phantom stock units, which award is exempt under Rule 16b-3. The phantom stock units were acquired at $652.58 per share and vest 50% on June 30 following the award date and 50% on December 31 following the award date. All unvested awards will vest in full upon retirement due to the age limitation in the bylaws, death, disability or change in control, or one-third upon failure to stand for reelection. Settlement in cash or stock (as elected by the director) will occur upon the Reporting Person's termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have the payment of awards (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.

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

4. The information pertains to previously acquired phantom stock units under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b) which will be settled upon the Reporting Person's retirement or termination of service.

Remarks:

Exhibits 24, Power of Attorney and Substitute Power of Attorney

	Vicki Hollub, by Lynda M. Noggle, Attorney-in-fact	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Lockheed Martin (LMT) director Vicki Hollub report in this filing?

Vicki Hollub reported receiving an award of phantom stock units under Lockheed Martin’s Directors Equity Plan. The award consists of 260.5044 phantom units that convert one-for-one into common stock and are settled in cash or stock when her board service ends.

How many Lockheed Martin (LMT) phantom stock units were granted to Vicki Hollub?

Vicki Hollub was granted 260.5044 phantom stock units. These units were valued at $652.58 per unit on the grant date, convert into common stock on a one-for-one basis, and are held under Lockheed Martin’s Amended and Restated Directors Equity Plan.

What is the vesting schedule for Vicki Hollub’s Lockheed Martin (LMT) phantom stock units?

The phantom stock units vest 50% on June 30 following the award date and 50% on December 31 following the award date. They fully vest earlier upon specified events including retirement due to the age limitation, death, disability, or a change in control.

When will Vicki Hollub’s Lockheed Martin (LMT) phantom stock units be settled?

The phantom stock units will be settled in cash or stock, at Hollub’s election, when her service as a director ends. Certain directors who meet stock ownership guidelines may elect payment on the first business day of April following vesting of the award.

What are Lockheed Martin (LMT) phantom stock units and how are they valued?

Lockheed Martin phantom stock units track the value of the company’s common stock and convert one-for-one into shares at settlement. Hollub’s award was acquired at $652.58 per unit, and the plan also credits additional phantom units through dividend reinvestment.

Does the filing mention other Lockheed Martin (LMT) deferred compensation holdings for Vicki Hollub?

Yes. It notes previously acquired phantom stock units under the Lockheed Martin Directors Deferred Compensation Plan. These units, exempt under Section 16(b), will be settled when Hollub retires or her service as a director otherwise terminates, alongside any related dividend reinvestment units.