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Lockheed Martin (NYSE: LMT) exec reports 2,410-share net stock sale

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

Rhea-AI Filing Summary

LOCKHEED MARTIN CORP executive Stephanie C. Hill reported a mix of stock acquisitions and sales. On February 22, 2026, she acquired 2,517 shares of common stock through the conversion of restricted stock units and received a grant of 2,059 common shares, while 2,166 shares were disposed to the issuer to cover tax withholding.

Following these equity events, her direct common stock holdings were 13,908.256 shares. On February 24, 2026, she executed open‑market sales totaling 2,410 common shares, including 10 shares at a weighted average price of $666.05 per share, leaving 9,332.256 directly held shares. She also indirectly held 4,204.2933 shares through the Lockheed Martin Salaried Savings Plan.

Positive

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  • None.
Insider Hill Stephanie C.
Role Pres. Rotary & Mission Systems
Sold 2,410 shs ($7K)
Approx. gross sale proceeds $7K
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Common Stock 10 $666.05 $7K
Sale Common Stock 2,400 $0.00 $0.00
Exercise Restricted Stock Units 2,517 $0.00 $0.00
Exercise Common Stock 2,517 $0.00 $0.00
Grant/Award Common Stock 2,059 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 2,166 $658.26 $1.43M
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 9,332.256 shares (Direct); Common Stock — 4,204.2933 shares (Indirect, Lockheed Martin Salaried Savings Plan)
Footnotes (6)
  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. The price represents the weighted average price for multiple transactions reported on this line. Prices ranged from $665.0000 to $665.8100, inclusive. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
  5. F5. Holdings as of reportable transaction date include additional acquisitions and dividend reinvestment under the company's 401(k) plan.
  6. F6. 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.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did LMT executive Stephanie C. Hill report?
Stephanie C. Hill reported multiple stock transactions. She acquired shares through restricted stock unit conversion and a stock grant, had shares withheld to cover taxes, and later sold 2,410 common shares in open‑market transactions, resulting in reduced direct holdings but continued substantial ownership.

How many Lockheed Martin (LMT) shares did Stephanie C. Hill sell?
She reported selling 2,410 common shares. This included a 10‑share open‑market sale at a weighted average price of $666.05 per share, along with an additional 2,400 shares reported as open‑market sales, reducing her directly held common stock position after these transactions.

What shares did Stephanie C. Hill acquire in the latest LMT Form 4?
She acquired a total of 4,576 common shares. This came from 2,517 shares received upon conversion of restricted stock units and a separate grant or award of 2,059 common shares, increasing her direct ownership before the subsequent open‑market stock sales disclosed.

How many Lockheed Martin (LMT) shares does Stephanie C. Hill own after the transactions?
After the reported transactions, she directly held 9,332.256 shares. In addition, she indirectly held 4,204.2933 common shares through the Lockheed Martin Salaried Savings Plan, reflecting combined direct and indirect ownership positions following the acquisitions, tax withholding, and subsequent sales.

Why were some LMT shares disposed of by Stephanie C. Hill at no stated price?
Some shares were disposed to cover tax obligations. A total of 2,166 common shares were delivered back to the issuer to satisfy her tax withholding requirement upon vesting and settlement of stock units, a type of non‑open‑market transaction described as exempt under Rule 16b‑3.

What is the role of restricted stock units in Stephanie C. Hill’s LMT holdings?
Restricted stock units converted into common stock. One block of 2,517 restricted stock units converted to 2,517 common shares on a one‑for‑one basis, following a three‑year performance period tied to financial metrics, directly adding to her equity stake before subsequent tax and sale transactions.
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*
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)
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 2,517 A $0(1) 11,849.256 D
Common Stock 02/22/2026 A 2,059(2) A $0(2) 13,908.256 D
Common Stock 02/22/2026 F 2,166(3) D $658.26 11,742.256 D
Common Stock 02/24/2026 S 10 D $666.05 11,732.256 D
Common Stock 02/24/2026 S 2,400 D $0(4) 9,332.256 D
Common Stock 4,204.2933(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 2,517 (6) 02/22/2026 Common Stock 2,517 $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. The price represents the weighted average price for multiple transactions reported on this line. Prices ranged from $665.0000 to $665.8100, inclusive. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
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.
Stephanie C. Hill, 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.
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.

Source: View Original Filing on SEC EDGAR