Lockheed Martin VP reports equity awards and tax share use

Lockheed Martin Vice President & Controller Paul Harry Edward III reported equity award activity and related tax withholding.

Accepted by SEC EDGAR 02/24/2026 - 07:22 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lockheed Martin Vice President & Controller Paul Harry Edward III reported equity award activity and related tax withholding. He exercised 886 restricted stock units into 886 shares of common stock and received a separate grant of 209 common shares, both at no cash cost. To cover taxes on these vesting events, 495 shares of common stock were transferred back to Lockheed Martin at a price of $658.26 per share. After these transactions, he directly held 2,878.276 common shares, and indirectly held 140.9818 shares through the Lockheed Martin Salaried Savings (401(k)) Plan, which also reflects dividend reinvestment and plan acquisitions.

Insider Trade Summary

886 shares exercised/converted

Exercise 4 txns

Insider Paul Harry Edward III

Role Vice President & Controller

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	886	$0.00	$0.00
Exercise	Common Stock	886	$0.00	$0.00
Grant/Award	Common Stock	209	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	495	$658.26	$326K
Holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 2,878.276 shares (Direct); Common Stock — 140.9818 shares (Indirect, Lockheed Martin Salaried Savings Plan)

Holdings Before and After: Restricted Stock Units, 886 to 0 contracts (Direct); Common Stock, 2,278.276 to 2,878.276 shares (Direct)

Footnotes (5)

1. F1. Restricted stock units convert to common stock on a one-for-one basis.
2. F2. 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. F3. 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. F4. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.
5. F5. On February 22, 2023, the reporting person was granted 886 restricted stock units that vested on the third anniversary of the grant date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did LMT executive Paul Harry Edward III report on this Form 4?

He reported vesting and settlement of stock units, receipt of new shares, and a tax-withholding share disposition. Specifically, 886 units converted to common stock, 209 common shares were granted, and 495 shares were returned to Lockheed Martin to satisfy tax obligations.

How many Lockheed Martin (LMT) shares did the executive acquire in this filing?

He acquired 886 shares of common stock through the conversion of restricted stock units and received an additional 209 common shares as a grant. Both transactions were reported at a price of $0.00 per share, reflecting equity awards rather than open-market purchases.

What does the tax-withholding transaction mean in the LMT Form 4?

The filing shows a disposition of 495 common shares at $658.26 per share to Lockheed Martin. This reflects shares withheld by the company to pay the reporting person’s tax liability upon vesting and settlement of stock units, a transaction exempt under Rule 16b-3.

How many Lockheed Martin (LMT) shares does the reporting person hold after these transactions?

After the reported transactions, he directly holds 2,878.276 shares of Lockheed Martin common stock. He also has an indirect holding of 140.9818 shares through the Lockheed Martin Salaried Savings Plan, which includes additional acquisitions and dividend reinvestments as of the reportable date.

Were the reported LMT transactions open-market buys or sells?

No, the transactions reflect equity award activity and tax withholding rather than open-market trades. Units converted into common stock, new shares were granted, and some shares were transferred back to Lockheed Martin solely to satisfy tax obligations upon vesting and settlement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Paul Harry Edward III

(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)
	Vice President & Controller

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)	3,164.276	D
Common Stock	02/22/2026		A		209(2)	A	$0(2)	3,373.276	D
Common Stock	02/22/2026		F		495(3)	D	$658.26	2,878.276	D
Common Stock								140.9818(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

	Harry Edward Paul, III, 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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