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LMT COO reports stock sales around $491 and lists plan, phantom units

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Lockheed Martin (LMT) Chief Operating Officer Frank A. St. John reported open-market sales of common stock on 10/23/2025.

He sold 69 shares at $492.42, 3,020 shares at a weighted average price of $490.5827 (prices ranged from $490.0100 to $490.9900), and 4,703 shares at a weighted average price of $491.3097 (prices ranged from $491.0200 to $491.8400). The filing notes he will provide detailed trade breakdowns upon request.

After these transactions, his direct beneficial ownership was 0.522 shares, reflecting fractional shares from dividend reinvestment. He also executed an intra‑plan transfer out of the company stock fund within the Lockheed Martin Salaried Savings Plan, valued at $488.0500 on the transfer date and reported as exempt under Rule 16b‑3(f).

Derivative positions disclosed include 121.6513 phantom stock units under the Supplemental Savings Plan (settled in cash upon retirement or termination) and 159.2925 phantom stock units under the Deferred Management Incentive Compensation Plan (settled in stock upon retirement or termination).

Positive

  • None.

Negative

  • None.
Insider St John Frank A
Role Chief Operating Officer
Sold 7,792 shs ($3.83M)
Type Security Shares Price Value
I Phantom Stock Units 121.651 $0.00 --
Sale Common Stock 69 $492.42 $34K
Sale Common Stock 3,020 $490.5827 $1.48M
Sale Common Stock 4,703 $491.3097 $2.31M
I Common Stock 7.99 $0.00 --
holding Phantom Stock Units -- -- --
Holdings After Transaction: Phantom Stock Units — 0 shares (Indirect, LM Supplemental Savings Plan); Common Stock — 7,723.522 shares (Direct); Common Stock — 0 shares (Indirect, Lockheed Martin Salaried Savings Plan)
Footnotes (1)
  1. The price represents the weighted average price for multiple transactions reported on this line. Prices ranged from $490.0100 to $490.9900, inclusive. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. The price represents the weighted average price for multiple transactions reported on this line. Prices ranged from $491.0200 to $491.8400, inclusive. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment. The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The disposition was valued at the closing price of LMT on the date of transfer ($488.0500). Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Supplemental Savings Plan will be settled in cash upon the Reporting Person's retirement or termination of service. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's Supplemental Savings Plan. Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the Reporting Person's retirement or termination of service.
Form 4 Insider Transactions: What Each Field Means →
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*
St John Frank 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)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/23/2025
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 10/23/2025 S 69 D $492.42 7,723.522 D
Common Stock 10/23/2025 S 3,020 D $490.5827(1) 4,703.522 D
Common Stock 10/23/2025 S 4,703 D $491.3097(2) 0.522(3) D
Common Stock 10/23/2025 I 7.9896 D $0(4) 0.0000 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
Phantom Stock Units (5) 10/23/2025 I 121.6513(4) (4) (4) Common Stock 121.6513(6) (4) 0.0000 I LM Supplemental Savings Plan
Phantom Stock Units (7) (7) (7) Common Stock 159.2925 159.2925(3) I Lockheed Martin DMICP
Explanation of Responses:
1. The price represents the weighted average price for multiple transactions reported on this line. Prices ranged from $490.0100 to $490.9900, inclusive. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
2. The price represents the weighted average price for multiple transactions reported on this line. Prices ranged from $491.0200 to $491.8400, inclusive. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
3. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
4. The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The disposition was valued at the closing price of LMT on the date of transfer ($488.0500).
5. Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Supplemental Savings Plan will be settled in cash upon the Reporting Person's retirement or termination of service.
6. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's Supplemental Savings Plan.
7. Phantom stock units convert to common stock on a one-for-one basis. Shares of phantom stock acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the Reporting Person's retirement or termination of service.
Remarks:
Exhibit 24, Power of Attorney
Frank A. St. John, by Peter A. Christou, Attorney-in-fact 10/27/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LMT's COO report on 10/23/2025?

Frank A. St. John sold 69 shares at $492.42, 3,020 shares at a weighted average of $490.5827, and 4,703 shares at a weighted average of $491.3097.

What were the price ranges for the weighted average LMT share sales?

For the $490.5827 sale, prices ranged $490.0100–$490.9900. For the $491.3097 sale, prices ranged $491.0200–$491.8400.

How many LMT shares does the COO beneficially own directly after the transactions?

Direct beneficial ownership was 0.522 shares after the reported transactions.

What intra-plan activity was disclosed by the LMT COO?

An intra-plan transfer out of the company stock fund in the Salaried Savings Plan, valued at $488.0500, exempt under Rule 16b-3(f).

What derivative holdings did the LMT COO report?

121.6513 phantom stock units in the Supplemental Savings Plan (cash-settled) and 159.2925 phantom stock units in the DMICP (stock-settled upon retirement/termination).

Will detailed trade-level prices be available for the weighted average sales?

Yes. The reporting person will provide full breakdowns upon request to the Commission staff, the issuer, or a security holder.