Lockheed Martin (NYSE: LMT) CFO logs RSU conversion, share grant and tax withholding

Rhea-AI Filing Summary

Lockheed Martin Chief Financial Officer Scott Evan T reported equity transactions tied to long-term incentives rather than open-market trading. He exercised 886 restricted stock units, converting them into 886 shares of common stock at no cash cost, and received an additional grant of 209 common shares. To cover tax withholding on the vesting and settlement of these stock units, 533 common shares were disposed of back to the company at $658.26 per share. After these transactions, he directly held 944.826 common shares, and indirectly held 527.7835 shares through the Lockheed Martin Salaried Savings Plan, which reflects additional acquisitions and dividend reinvestment 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

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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^*

Scott Evan T

(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 Financial Officer

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		886	A	$0(1)	1,268.826	D
Common Stock	02/22/2026		A		209(2)	A	$0(2)	1,477.826	D
Common Stock	02/22/2026		F		533(3)	D	$658.26	944.826	D
Common Stock								527.7835(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			886	(5)	02/22/2026	Common Stock	886	$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 886 restricted stock units that vested on the third anniversary of the grant date.

Remarks:

Exhibits 24, Power of Attorney and Substitute Power of Attorney

	Evan T. Scott, 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).
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FAQ

What insider transactions did LMT’s CFO report on this Form 4?

Lockheed Martin’s CFO reported exercising 886 restricted stock units into common shares, receiving an additional grant of 209 common shares, and a tax-related disposition of 533 shares back to the company, all dated February 22, 2026.

Did the LMT CFO buy or sell shares on the open market in this filing?

No open-market buys or sells are reported. The Form 4 shows incentive-related equity activity: conversion of restricted stock units into common shares, a share grant, and shares withheld and returned to Lockheed Martin to satisfy tax obligations on the vesting.

How many Lockheed Martin shares does the CFO hold after these transactions?

After these transactions, the CFO directly holds 944.826 Lockheed Martin common shares. He also indirectly holds 527.7835 shares through the Lockheed Martin Salaried Savings Plan, which includes additional acquisitions and dividend reinvestments under the company’s 401(k) plan.

What was the purpose of the 533 LMT shares disposed of in the Form 4?

The 533 shares were delivered back to Lockheed Martin to cover the reporting person’s tax withholding obligation upon vesting and settlement of stock units. This disposition is described as exempt under Rule 16b-3 and is not an open-market sale to third-party buyers.

What long-term incentive award vesting is described in this LMT Form 4?

The filing notes shares acquired upon settlement of performance stock units granted on February 22, 2023, after a three-year performance period from 2023 to 2025. The amount earned depends on performance against three separate financial metrics over that cycle.

How are restricted stock units treated in this Lockheed Martin Form 4?

The Form 4 explains that restricted stock units convert to common stock on a one-for-one basis. On February 22, 2026, 886 restricted stock units vested and were converted into 886 Lockheed Martin common shares as part of the executive’s equity compensation.