Lockheed Martin (LMT) Aeronautics president nets stock awards, tax share disposal

Rhea-AI Filing Summary

Lockheed Martin President Aeronautics Gregory M. Ulmer reported equity compensation transactions in company stock. He exercised 2,533 restricted stock units, which convert one-for-one into common shares following a three-year 2023–2025 performance cycle tied to financial metrics. He also received a separate grant of 2,059 common shares from a prior 2023 restricted stock unit award vesting on its third anniversary. To cover tax withholding on these vestings, 1,752 shares of common stock were disposed to the company at $658.26 per share rather than sold on the open market. After these transactions, Ulmer directly owned 8,501.228 common shares and held an additional 104.8105 shares indirectly through the Lockheed Martin Salaried Savings (401(k)) Plan, which also reflects ongoing contributions and 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^*

Ulmer Gregory M

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President Aeronautics

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		2,533	A	$0(1)	8,194.228	D
Common Stock	02/22/2026		A		2,059(2)	A	$0(2)	10,253.228	D
Common Stock	02/22/2026		F		1,752(3)	D	$658.26	8,501.228	D
Common Stock								104.8105(4)	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			2,533	(5)	02/22/2026	Common Stock	2,533	$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. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.

5. On February 22, 2023, the reporting person was granted 2,627 restricted stock units, the remaining unvested portion of which vested on the third anniversary of the grant date.

	Gregory M. Ulmer, by Lynda M. Noggle, Attorney-in-fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did LMT executive Gregory Ulmer report?

Gregory Ulmer reported exercising 2,533 restricted stock units into Lockheed Martin common shares, receiving a grant of 2,059 additional shares, and having 1,752 shares disposed to the company to satisfy tax withholding on these equity awards.

Were Gregory Ulmer’s LMT transactions open-market stock sales or buys?

The filing shows no open-market buys or sells. Shares were acquired through vesting and conversion of restricted and performance stock units, while 1,752 shares were transferred back to Lockheed Martin solely to cover tax withholding obligations on those awards.

How many Lockheed Martin shares does Gregory Ulmer own after these transactions?

After the reported equity events, Gregory Ulmer directly owned 8,501.228 Lockheed Martin common shares. He also held 104.8105 additional shares indirectly through the Lockheed Martin Salaried Savings (401(k)) Plan, which reflects contributions and dividend reinvestments as of the transaction date.

What equity awards vested for LMT’s Gregory Ulmer in this Form 4?

The filing reflects vesting of performance stock units from a 2023–2025 performance cycle, converting 2,533 units into common shares, and vesting of part of a 2,627-unit restricted stock grant awarded on February 22, 2023 that fully vested on the third anniversary.

Why were 1,752 LMT shares disposed in Gregory Ulmer’s Form 4?

The 1,752 shares were transferred to Lockheed Martin to satisfy Ulmer’s tax withholding obligations upon vesting and settlement of stock units. This is a tax-withholding disposition to the issuer, exempt under Rule 16b-3, rather than an open-market stock sale.

How do Lockheed Martin’s performance stock units work for this LMT executive?

The performance stock units that generated 2,533 shares for Gregory Ulmer covered a three-year 2023–2025 performance cycle. The amount earned depended on meeting three specific financial metrics, with units converting into common stock on a one-for-one basis at settlement.