Lockheed Martin (NYSE: LMT) leader gains shares through awards, tax holdback

Rhea-AI Filing Summary

Lockheed Martin executive Timothy S. Cahill, President of Missiles & Fire Control, reported several equity transactions dated February 22, 2026. He exercised 2,533 restricted stock units, converting them into 2,533 shares of common stock on a one-for-one basis. He also acquired 2,059 common shares upon settlement of performance stock units tied to a three-year 2023–2025 performance cycle based on three financial metrics.

To cover tax withholding on these vesting events, 1,752 common shares were disposed to Lockheed Martin at a price of $658.26 per share, characterized as a tax-withholding transaction rather than an open-market sale. After these transactions, Cahill directly held 14,210.746 common shares. He also reported 71.6494 common shares held indirectly through the Lockheed Martin Salaried Savings Plan, reflecting additional acquisitions and dividend reinvestment under company savings and 401(k) plans.

Insider Trade Summary

2,533 shares exercised/converted

Mixed 5 txns

Insider Cahill Timothy S

Role Pres. Missiles & Fire Control

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,533	$0.00	--
Exercise	Common Stock	2,533	$0.00	--
Grant/Award	Common Stock	2,059	$0.00	--
Tax Withholding	Common Stock	1,752	$658.26	$1.15M
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 13,903.746 shares (Direct); Common Stock — 71.649 shares (Indirect, Lockheed Martin Salaried Savings Plan)

Footnotes (1)

1. Restricted stock units convert to common stock on a one-for-one basis. 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. 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. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan. 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.

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
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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^*

Cahill Timothy S

(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)
	Pres. Missiles & Fire Control

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)	13,903.746	D
Common Stock	02/22/2026		A		2,059(2)	A	$0(2)	15,962.746	D
Common Stock	02/22/2026		F		1,752(3)	D	$658.26	14,210.746(4)	D
Common Stock								71.6494(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			2,533	(6)	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 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 2,627 restricted stock units, the remaining unvested portion of which vested on the third anniversary of the grant date.

	Timothy S. Cahill, 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.
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FAQ

What did Lockheed Martin (LMT) executive Timothy Cahill report on this Form 4?

Timothy Cahill reported equity awards and related share movements. He converted 2,533 restricted stock units into common stock, received 2,059 shares from performance stock units, and had 1,752 shares withheld to cover taxes, updating his direct and indirect Lockheed Martin share holdings.

How many Lockheed Martin (LMT) shares did Timothy Cahill acquire through awards?

Timothy Cahill acquired 4,592 Lockheed Martin shares through awards. This includes 2,533 shares from restricted stock units converting one-for-one into common stock and 2,059 shares earned from performance stock units tied to financial metrics over the 2023–2025 performance cycle.

Why were 1,752 Lockheed Martin (LMT) shares disposed of in Cahill’s Form 4?

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

What are Timothy Cahill’s Lockheed Martin (LMT) share holdings after these transactions?

After the reported transactions, Cahill directly held 14,210.746 Lockheed Martin common shares. He also reported 71.6494 additional shares held indirectly through the Lockheed Martin Salaried Savings Plan, which include acquisitions and dividend reinvestments under the company’s savings and 401(k) plans.

What performance period was tied to Cahill’s Lockheed Martin (LMT) performance stock units?

Cahill’s performance stock units were tied to a three-year 2023–2025 performance cycle. The amount earned depended on achieving targets for three separate financial metrics, and settlement on February 22, 2026 resulted in the acquisition of 2,059 common shares for him.

How do Lockheed Martin (LMT) restricted stock units convert for Timothy Cahill?

Cahill’s restricted stock units convert into Lockheed Martin common stock on a one-for-one basis. On February 22, 2026, 2,533 restricted stock units converted into 2,533 common shares, reflecting the final vesting of a prior 2,627-unit grant originally awarded on February 22, 2023.