Lockheed Martin (NYSE: LMT) VP reports stock awards and tax share disposal

Rhea-AI Filing Summary

Lockheed Martin executive Maria A. Ricciardone, VP, Treasurer & Investor Relations, reported multiple equity award-related transactions in company stock. She exercised 417 restricted stock units, which converted to 417 shares of common stock on a one-for-one basis, tied to performance stock units earned for the 2023–2025 performance cycle. She also received a grant or award of 99 additional shares of common stock. To cover tax withholding upon vesting and settlement of these stock units, 230 shares of common stock were disposed to the issuer at a price of 658.2600 per share under Rule 16b-3, rather than sold in the open market. Following these transactions, she directly held 1,047.316 shares of common stock, and indirectly held 43.5408 shares through the Lockheed Martin Salaried Savings Plan, which includes dividend reinvestment and additional acquisitions under the company’s 401(k) plan.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Ricciardone Maria 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Treasurer & Investor Rel.

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		417	A	$0(1)	1,178.316	D
Common Stock	02/22/2026		A		99(2)	A	$0(2)	1,277.316	D
Common Stock	02/22/2026		F		230(3)	D	$658.26	1,047.316(4)	D
Common Stock								43.5408(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			417	(6)	02/22/2026	Common Stock	417	$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 through dividend reinvestment.

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 417 restricted stock units that vested on the third anniversary of the grant date.

Remarks:

Exhibit 24, Substitute Power of Attorney

	Maria A. Ricciardone, 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.
* 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did LMT executive Maria Ricciardone report?

Maria A. Ricciardone reported exercising 417 restricted stock units into common shares, receiving an additional 99-share stock award, and disposing of 230 shares back to Lockheed Martin to satisfy tax withholding obligations related to these equity awards, rather than selling shares in the open market.

Were Maria Ricciardone’s LMT stock transactions open-market buys or sells?

The reported transactions were not open-market trades. Shares were acquired through equity award exercises and grants, while 230 shares were disposed to Lockheed Martin solely to cover tax withholding upon vesting and settlement of stock units, under an exemption provided by Rule 16b-3.

How many Lockheed Martin shares does Maria Ricciardone hold after these Form 4 transactions?

After the reported transactions, Maria Ricciardone directly held 1,047.316 shares of Lockheed Martin common stock. She also indirectly held 43.5408 additional shares through the Lockheed Martin Salaried Savings Plan, reflecting added shares and dividend reinvestment under the company’s 401(k) plan.

What price was used for the LMT shares disposed for tax withholding?

For tax withholding purposes, 230 shares of Lockheed Martin common stock were disposed to the issuer at a price of $658.2600 per share. This transaction satisfied the tax obligation associated with vesting and settlement of stock units, rather than representing an open-market sale.

What is the nature of the restricted stock units reported by Maria Ricciardone at LMT?

The reported restricted stock units converted to common stock on a one-for-one basis. These units were tied to performance stock units granted on February 22, 2023, and the ultimate shares earned depended on financial performance over the 2023–2025 performance cycle against three specified financial metrics.