Lockheed Martin (LMT) SVP details RSU vesting, grant and tax-share disposition

Rhea-AI Filing Summary

LOCKHEED MARTIN CORP SVP & General Counsel Kevin J. O'Connor reported equity award activity and related share dispositions. On February 26, 2026, he exercised or converted 5,285 restricted stock units into an equal number of common shares at $0.0000 per unit. To cover tax withholding on this vesting, 2,566 common shares were disposed of to the issuer at $641.63 per share, leaving 2,719 common shares held directly afterward. He also received a grant of 1,992 restricted stock units on February 25, 2026, each representing a contingent right to one common share and scheduled to vest on the third anniversary of the grant date. In addition, he indirectly holds 36.9851 common shares through the Lockheed Martin Salaried Savings Plan, reflecting plan acquisitions and dividend reinvestments.

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^*

O'Connor Kevin J.

(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)
	SVP & General Counsel

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
Common Stock	02/26/2026		M		5,285	A	$0(1)	5,285	D
Common Stock	02/26/2026		F		2,566(2)	D	$641.63	2,719	D
Common Stock								36.9851(3)	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	(4)	02/25/2026		A		1,992(5)		(5)	02/25/2029	Common Stock	1,992(5)	$0.0000	1,992	D
Restricted Stock Units	(6)	02/26/2026		M			5,285	(6)	02/26/2028(6)	Common Stock	5,285	(6)	13,289	D

Explanation of Responses:

1. Each restricted stock unit granted on February 26, 2025, was the economic equivalent of one share of LMT common stock.

2. 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.

3. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.

4. Each restricted stock unit represents a contingent right to receive one share of LMT common stock.

5. Award of restricted stock units which vests on the third anniversary of the grant date.

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

	Kevin J. O'Connor, 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).
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FAQ

What insider activity did Lockheed Martin (LMT) SVP Kevin O'Connor report?

Kevin J. O'Connor reported exercising 5,285 restricted stock units into common stock and related tax-share dispositions. He also reported a new grant of 1,992 restricted stock units and updated direct and indirect common stock holdings, including shares in the Lockheed Martin Salaried Savings Plan.

How many Lockheed Martin (LMT) shares did Kevin O'Connor acquire through equity awards?

He acquired 5,285 common shares via exercise or conversion of restricted stock units and received a grant of 1,992 additional restricted stock units. Each unit represents the right to one share of Lockheed Martin common stock, subject to vesting conditions and future settlement in shares.

What was the purpose of the 2,566 Lockheed Martin (LMT) shares disposed by Kevin O'Connor?

The 2,566 common shares were disposed of to Lockheed Martin to satisfy Kevin O'Connor's tax withholding obligations upon vesting and settlement of stock units. This tax-withholding disposition is described as exempt under Rule 16b-3 and is not an open-market sale transaction.

What are the vesting terms of Kevin O'Connor’s new Lockheed Martin (LMT) restricted stock units?

The award of 1,992 restricted stock units vests on the third anniversary of the grant date. Each restricted stock unit is the economic equivalent of one share of Lockheed Martin common stock and converts to common stock on a one-for-one basis when it ultimately settles.

How many Lockheed Martin (LMT) shares does Kevin O'Connor hold after these transactions?

After the reported transactions, Kevin O'Connor directly owns 2,719 shares of Lockheed Martin common stock and 13,289 restricted stock units. He also indirectly holds 36.9851 common shares through the Lockheed Martin Salaried Savings Plan, reflecting plan acquisitions and dividend reinvestments.

How are Lockheed Martin (LMT) restricted stock units treated in Kevin O'Connor’s Form 4?

Each restricted stock unit is treated as the economic equivalent of one Lockheed Martin common share, converting to common stock on a one-for-one basis. The filing notes these units represent contingent rights that vest over time, including an award that vests after three years from the grant date.