Lockheed Martin (LMT) officer reports RSU vesting and tax share disposals

Rhea-AI Filing Summary

Lockheed Martin Corporation officer Stephanie C. Hill, President of Rotary & Mission Systems, reported stock transactions related to restricted stock units on 12/05/2025. Several small blocks of common stock, including 44, 39 and 38 shares, were acquired at $0 per share upon the vesting and conversion of previously granted restricted stock units, and matching blocks were surrendered to the company at $452.2 per share to cover tax withholding obligations.

After these transactions, Hill directly held 9,332.256 Lockheed Martin common shares and indirectly held 4,166.0702 shares through the Lockheed Martin Salaried Savings Plan. She also beneficially owned restricted stock units covering 39, 44 and 38 underlying shares, which convert to common stock on a one-for-one basis and generally remain subject to continued vesting even if she retires before the third anniversary of the grant dates.

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^*

Hill Stephanie C.

(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. Rotary & Mission Systems

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

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	12/05/2025		M		44(1)	A	$0(1)	9,376.256	D
Common Stock	12/05/2025		M		39(2)	A	$0(2)	9,415.256	D
Common Stock	12/05/2025		M		38(3)	A	$0(3)	9,453.256	D
Common Stock	12/05/2025		F		38(4)	D	$452.2	9,415.256(5)	D
Common Stock	12/05/2025		F		39(4)	D	$452.2	9,376.256(5)	D
Common Stock	12/05/2025		F		44(4)	D	$452.2	9,332.256(5)	D
Common Stock								4,166.0702(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	(6)	12/05/2025		M			39(2)	(2)	02/22/2026	Common Stock	39	(2)	2,517	D
Restricted Stock Units	(6)	12/05/2025		M			44(1)	(1)	02/22/2027	Common Stock	44	(1)	2,925	D
Restricted Stock Units	(6)	12/05/2025		M			38(3)	(3)	02/26/2028	Common Stock	38	(3)	3,019	D

Explanation of Responses:

1. Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 22, 2024, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date.

2. Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 22, 2023, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date.

3. Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 26, 2025, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date.

4. 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.

5. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.

6. Restricted stock units convert to common stock on a one-for-one basis.

Remarks:

Exhibits 24, Power of Attorney and Substitute Power of Attorney

	Stephanie C. Hill, by Lynda M. Noggle, Attorney-in-fact	12/09/2025
	** 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).
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FAQ

What insider transaction did Lockheed Martin (LMT) report for Stephanie C. Hill?

The report shows Stephanie C. Hill, President of Rotary & Mission Systems, had restricted stock units vest on 12/05/2025, with shares issued and an equivalent number of shares surrendered back to Lockheed Martin to satisfy tax withholding obligations.

How many Lockheed Martin shares does Stephanie C. Hill own after the reported Form 4 transactions?

Following the reported transactions, Stephanie C. Hill directly owned 9,332.256 shares of Lockheed Martin common stock and indirectly owned 4,166.0702 shares through the Lockheed Martin Salaried Savings Plan.

What were the prices involved in Stephanie C. Hill’s Lockheed Martin stock transactions?

Shares received upon RSU vesting were recorded at $0 per share, and the shares surrendered to Lockheed Martin for tax withholding were valued at $452.2 per share.

What is the nature of the restricted stock units reported for Stephanie C. Hill at Lockheed Martin (LMT)?

The filing notes restricted stock units granted in 2023, 2024, and 2025, with small portions (39, 44 and 38 units) converting to common stock. The remaining RSUs continue to vest, and each unit converts into one share of common stock.

Why were some Lockheed Martin shares disposed of in Stephanie C. Hill’s Form 4?

The disposition entries reflect shares delivered back to Lockheed Martin to cover Hill’s tax withholding obligations triggered by the vesting and settlement of restricted stock units, as described in the explanation of responses.

How does retirement eligibility affect Stephanie C. Hill’s Lockheed Martin RSUs?

The explanations state that certain RSUs for the retirement-eligible reporting person had accelerated vesting, while the remaining balances continue to vest even if she retires before the third anniversary of the respective grant dates.