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Lockheed Martin (LMT) CEO granted 8,803 restricted stock units as equity pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TAICLET JAMES D JR reported acquisition or exercise transactions in this Form 4 filing.

LOCKHEED MARTIN CORP Chairman, President & CEO James D. Taiclet Jr. reported an equity compensation award of 8,803 restricted stock units. Each unit represents a contingent right to receive one share of Lockheed Martin common stock.

The award of restricted stock units vests on the third anniversary of the grant date. For retirement-eligible executives, vesting can be accelerated as needed to cover tax withholding, with the related vested shares disposed back to the company to satisfy those tax obligations.

Positive

  • None.

Negative

  • None.
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*
TAICLET JAMES D JR

(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
X Officer (give title below) Other (specify below)
Chairman, President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026
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
Restricted Stock Units (1) 02/25/2026 A 8,803(2) (2) 02/25/2029 Common Stock 8,803(2) $0.0000 8,803 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of LMT common stock.
2. Award of restricted stock units which vests on the third anniversary of the grant date. Per the award agreement, vesting may be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible Reporting Persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the Reporting Person's tax withholding obligations, which is an exempt transaction under Rule 16b-3.
James D. Taiclet, by Lynda M. Noggle, Attorney-in-fact 02/27/2026
** 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 transaction did LMT CEO James Taiclet report on this Form 4?

James D. Taiclet Jr. reported receiving an award of 8,803 restricted stock units. These units are a form of equity compensation that can convert into the same number of Lockheed Martin common shares if vesting conditions are met.

How many restricted stock units were granted to the LMT CEO?

The CEO was granted 8,803 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Lockheed Martin common stock, subject to vesting and other conditions described in the award agreement.

When do the granted LMT restricted stock units vest for the CEO?

The restricted stock units vest on the third anniversary of the grant date. This means the CEO must remain eligible through that three-year period before the units convert into shares, except for certain tax-related accelerations described in the award.

Can vesting of the LMT CEO’s restricted stock units be accelerated?

Yes, vesting may be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible reporting persons. In that case, vested shares are disposed to Lockheed Martin to cover the executive’s tax withholding requirements under the award terms.

Does the CEO pay a purchase price for the 8,803 LMT restricted stock units?

No, the reported transaction price per restricted stock unit is 0.0000. This indicates the units were granted as equity compensation rather than purchased in an open-market transaction, consistent with a standard executive award structure.

How many restricted stock units does the LMT CEO hold after this award?

After this transaction, the CEO is shown holding 8,803 restricted stock units directly. This reflects the total reported derivative holdings following the grant, assuming no other derivative transactions are included in the same report.
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