Lockheed Martin (NYSE: LMT) director awarded 260 phantom stock units

Rhea-AI Filing Summary

Lockheed Martin director Heather A. Wilson acquired 260.5044 phantom stock units through an equity award under the Lockheed Martin Directors Equity Plan. These phantom units convert into common stock on a one-for-one basis and were acquired at $652.58 per unit. The award vests in two equal installments, 50% on June 30 and 50% on December 31 following the award date, with all unvested units vesting upon certain events such as retirement under the age limitation, death, disability or change in control. After this grant, Wilson indirectly holds a total of 894.6397 phantom stock units, including 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^*

Wilson Heather 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)	894.6397(3)	I	Lockheed Martin Directors Equity 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.

Remarks:

Exhibits 24, Power of Attorney and Substitute Power of Attorney

	Heather Wilson, 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).
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FAQ

What did Heather A. Wilson acquire in this Lockheed Martin (LMT) Form 4 filing?

Heather A. Wilson received 260.5044 phantom stock units as an equity award under the Lockheed Martin Directors Equity Plan. These units convert to common stock on a one-for-one basis and are a form of non-cash director compensation that tracks the company’s share value.

At what price were the phantom stock units granted to the Lockheed Martin (LMT) director?

The phantom stock units were acquired at $652.58 per unit as part of the director equity award. Although the transaction price per share is shown as zero, the plan footnote specifies the grant value used for the award calculation under the Directors Equity Plan.

How and when do Heather A. Wilson’s Lockheed Martin (LMT) phantom stock units vest?

The phantom stock units vest 50% on June 30 and 50% on December 31 following the award date. All unvested units vest in full upon certain events, including retirement under age-based bylaws limits, death, disability, change in control, or partially upon failure to stand for reelection.

How many phantom stock units does the Lockheed Martin (LMT) director hold after this transaction?

Following this award, Heather A. Wilson indirectly holds a total of 894.6397 phantom stock units. This total includes the newly granted 260.5044 units and additional units accumulated through dividend reinvestment, as disclosed in the filing’s ownership and footnote information.

How are Heather A. Wilson’s Lockheed Martin (LMT) phantom stock units ultimately settled?

The phantom stock units are settled in cash or stock, at the director’s election, upon the reporting person’s termination of service. Non-employee directors who meet stock ownership guidelines may instead elect payment on the first business day of April following vesting, including any related dividend equivalents.

What is the nature of ownership for Heather A. Wilson’s phantom stock units in Lockheed Martin (LMT)?

The phantom stock units are held indirectly under the Lockheed Martin Directors Equity Plan. This means the holdings are reported as indirect ownership associated with the plan, rather than as directly held common shares, while still representing an economic interest linked to Lockheed Martin stock performance.