Lockheed Martin Corp. Form 4 Filings

Lockheed Martin Corp executive Robert M. Lightfoot Jr., President Space, reported selling a total of 2,606 shares of common stock in mid-August 2026. On August 12, he sold 196 shares at $600.115 per share. On August 11, he reported additional sales of 846 and 1,564 shares at weighted average prices, with ranges of $601.0650–$601.8500 and $600.0000–$600.9300, respectively. He also reported 247.3195 shares held indirectly through the Lockheed Martin Salaried Savings Plan, with those holdings including acquisitions and dividend reinvestment.

St John Frank A reported disposition transactions in this Form 4 filing.

Lockheed Martin Corp Chief Operating Officer Frank A. St John reported discretionary intra-plan transfers on July 31, 2026, moving 53.6665 Phantom Stock Units and 7.0245 shares of Common Stock out of company stock funds into other company savings and compensation plan investment options, valued at $582.74 per share. After these reallocations he holds 3,873.8920 Common shares directly and 162.4142 Phantom Stock Units indirectly through the Lockheed Martin Deferred Management Incentive Compensation Plan, which convert to common stock one-for-one and are settled in stock at retirement or termination of service.

Donovan John reported acquisition or exercise transactions in this Form 4 filing.

Lockheed Martin director John Donovan reported updated holdings of phantom stock units, including a new compensation-related award. He received 96.9163 phantom stock units under the Lockheed Martin Directors Deferred Compensation Plan at a stated price of $509.46 per share through deferral of director retainer fees.

Following this grant, Donovan indirectly holds 1,558.2733 phantom stock units in the deferred compensation plan and 2,063.4834 phantom stock units under the Directors Equity Plan. Each phantom stock unit corresponds one-for-one to Lockheed Martin common stock but is settled in cash, generally upon his retirement or termination of board service, and may accumulate additional units through dividend reinvestment.

LOCKHEED MARTIN CORP director David B. Burritt reported routine compensation-related activity involving phantom stock units. On the reported date, he received an award of 83.4216 phantom stock units under the Lockheed Martin Corporation Directors Deferred Compensation Plan, reflecting deferral of director retainer fees.

The phantom stock units convert to common stock on a one-for-one basis but are settled in cash upon retirement or termination of service, rather than delivering actual shares at this time. Following the award, he indirectly holds 11,473.2749 phantom stock units in the deferred compensation plan and 14,183.9226 phantom stock units in aggregate plans linked to Lockheed Martin common stock.

Lockheed Martin Corporation executive Stephanie C. Hill reported a bona fide gift of 368 shares of Common Stock on June 11, 2026. The gift carried a stated price of $0.00 per share, reflecting that it was a non-market, no‑consideration transfer.

After this gift, Hill held 8,964.2560 Lockheed Martin shares directly. She also had 4,239.8948 shares held indirectly through the Lockheed Martin Salaried Savings Plan, where holdings as of the reportable date include additional acquisitions and dividend reinvestment under the company’s 401(k) plan.

LOCKHEED MARTIN CORP director Vicki A. Hollub exercised phantom stock units into common shares as part of director compensation plans. On April 1, 2026, she converted 415.6020 phantom stock units into 415.6020 shares of Lockheed Martin common stock, at a stated exercise price of $0.0000. After the transaction, she held 415.6020 common shares directly, while additional phantom stock units remain held indirectly under company director plans. Footnotes explain that phantom stock units convert to common stock on a one-for-one basis and that some units, totaling 2525.3261, will be settled upon retirement or termination of service.

Dunford Joseph F Jr reported acquisition or exercise transactions in this Form 4 filing.

Lockheed Martin director Joseph F. Dunford Jr. received 80.6598 phantom stock units on March 31, 2026 under the Lockheed Martin Directors Deferred Compensation Plan. These units track common stock one-for-one, were credited at $604.39 per share through deferral of director retainer fees, and are settled in cash when his board service ends. He also holds 2,952.6108 phantom stock units under the Amended and Restated Directors Equity Plan, which are payable in cash or stock upon retirement or termination of service, with certain awards eligible for payment in the April following vesting. Holdings include additional units from dividend reinvestment.

LOCKHEED MARTIN CORP director John Donovan reported an acquisition of 81.6939 phantom stock units on March 31, 2026 through deferral of his director retainer fees at $604.39 per share. These units track Lockheed Martin common stock one-for-one but are settled in cash at retirement or termination of service.

After this award, Donovan holds 1,451.4877 phantom stock units in the Lockheed Martin Directors Deferred Compensation Plan and 2,049.5477 units in the Directors Equity Plan, including additional units from dividend reinvestment. The filing reflects compensation-related awards rather than open-market share purchases or sales.

LOCKHEED MARTIN CORP director David B. Burritt received 70.3188 phantom stock units on March 31, 2026 through deferral of director retainer fees under the Lockheed Martin Directors Deferred Compensation Plan. Footnotes state these units were valued at $604.39 per share and convert to common stock on a one-for-one basis.

Following this grant, Burritt indirectly holds 11,312.9324 phantom stock units in the deferred compensation plan, and a total of 14,088.1322 underlying common shares are referenced across his indirect phantom unit holdings. These awards are exempt under Section 16(b) and are settled in cash upon retirement or termination of service rather than through open-market stock transactions.

Lockheed Martin Corporation executive Timothy S. Cahill, President of Missiles & Fire Control, reported open-market sales of a total of 4,620 shares of common stock on March 11, 2026 across eight transactions. One trade line carried a weighted average price with prices ranging from $655.8652 to $655.8994 per share.

After these sales, Cahill directly owned 9,590.746 common shares and indirectly held 73.9491 shares through the Lockheed Martin Salaried Savings Plan as of the reportable transaction date, which also reflects additional acquisitions under the company’s 401(k) plan.

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.

St John Frank A reported acquisition or exercise transactions in this Form 4 filing.

Lockheed Martin Chief Operating Officer Frank A. St John reported an award of 3,243 restricted stock units. Each unit represents a contingent right to receive one share of Lockheed Martin common stock, giving him a potential future equity stake tied to company performance and service.

The restricted stock units vest on the third anniversary of the grant date. For retirement-eligible executives, vesting may be accelerated as needed to cover tax withholding, with the vested shares disposed back to Lockheed Martin to satisfy those tax obligations under an exempt Rule 16b-3 transaction.

Lockheed Martin Chief Financial Officer Evan T. Scott reported an equity award of restricted stock units. He received 2,779 restricted stock units, each representing a contingent right to receive one share of Lockheed Martin common stock. The award will vest on the third anniversary of the grant date, meaning the units convert into shares only if the vesting conditions are met. This is an acquisition of stock-based compensation rather than an open-market purchase or sale, and it increases his directly held derivative equity stake in the company.

Paul Harry Edward III reported acquisition or exercise transactions in this Form 4 filing.

LOCKHEED MARTIN CORP reported that Vice President & Controller Paul Harry Edward III received an award of 772 restricted stock units on February 25, 2026. Each unit represents a contingent right to receive one share of LMT common stock at no purchase price.

The restricted stock units vest on the third anniversary of the grant date, meaning the executive must remain eligible through that date to receive the underlying shares. After this award, his reported direct holdings in these units total 772.

Lockheed Martin awarded President of Space, Robert M. Lightfoot Jr., 2,223 restricted stock units on February 25, 2026. Each unit represents a contingent right to receive one share of Lockheed Martin common stock at no purchase price.

The award is scheduled to vest on the third anniversary of the grant date, meaning the units convert into shares only if vesting conditions are met. After this grant, Lightfoot beneficially holds 2,223 restricted stock units directly.

Hill Stephanie C. reported acquisition or exercise transactions in this Form 4 filing.

Lockheed Martin executive Stephanie C. Hill, President of Rotary & Mission Systems, received a grant of 2,084 restricted stock units of Lockheed Martin common stock at a price of $0.00 per unit. Each unit represents the right to receive one share of common stock if vesting conditions are met.

The award vests on the third anniversary of the grant date. For retirement-eligible executives, vesting may be accelerated as needed to cover tax withholding, with the corresponding vested shares delivered back to the company to satisfy those tax obligations under an exempt Rule 16b-3 transaction.

Cahill Timothy S reported acquisition or exercise transactions in this Form 4 filing.

LOCKHEED MARTIN CORP reported that executive Timothy S. Cahill, President of Missiles & Fire Control, received a grant of 2,223 restricted stock units (RSUs) on February 25, 2026. Each RSU represents a contingent right to receive one share of Lockheed Martin common stock.

The RSU award vests on the third anniversary of the grant date. For retirement-eligible executives, vesting may be accelerated to cover tax withholding, with the corresponding vested shares delivered back to the company to satisfy those tax obligations under an exempt Rule 16b-3 transaction.

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.

Lockheed Martin executive Gregory M. Ulmer, President Aeronautics, reported open-market sales of company common stock. On February 27, 2026, he sold 320 shares and 2,520 shares in separate transactions, at weighted-average prices ranging from $650.00 to $651.36 per share. After these sales, he directly owned 5,661.228 shares of Lockheed Martin common stock and indirectly held 104.8105 shares through the Lockheed Martin Salaried Savings Plan.

Lockheed Martin President Aeronautics Gregory M. Ulmer reported equity compensation transactions in company stock. He exercised 2,533 restricted stock units, which convert one-for-one into common shares following a three-year 2023–2025 performance cycle tied to financial metrics. He also received a separate grant of 2,059 common shares from a prior 2023 restricted stock unit award vesting on its third anniversary. To cover tax withholding on these vestings, 1,752 shares of common stock were disposed to the company at $658.26 per share rather than sold on the open market. After these transactions, Ulmer directly owned 8,501.228 common shares and held an additional 104.8105 shares indirectly through the Lockheed Martin Salaried Savings (401(k)) Plan, which also reflects ongoing contributions and dividend reinvestment.

Lockheed Martin Chief Operating Officer Frank A. St John reported multiple equity transactions in company stock. On February 22, 2026, he acquired 3,756 shares of common stock upon exercise of restricted stock units and received an additional 3,063 shares as a stock award.

To cover tax withholding on these vestings, 2,993 shares of common stock were disposed of to the company. After these transactions, he directly held 3,826 common shares and indirectly held about 6.9377 shares through the Lockheed Martin Salaried Savings Plan.

Lockheed Martin Chief Financial Officer Scott Evan T reported equity transactions tied to long-term incentives rather than open-market trading. He exercised 886 restricted stock units, converting them into 886 shares of common stock at no cash cost, and received an additional grant of 209 common shares. To cover tax withholding on the vesting and settlement of these stock units, 533 common shares were disposed of back to the company at $658.26 per share. After these transactions, he directly held 944.826 common shares, and indirectly held 527.7835 shares through the Lockheed Martin Salaried Savings Plan, which reflects additional acquisitions and dividend reinvestment under the company’s 401(k) plan.

Lockheed Martin executive Maria A. Ricciardone, VP, Treasurer & Investor Relations, reported multiple equity award-related transactions in company stock. She exercised 417 restricted stock units, which converted to 417 shares of common stock on a one-for-one basis, tied to performance stock units earned for the 2023–2025 performance cycle. She also received a grant or award of 99 additional shares of common stock. To cover tax withholding upon vesting and settlement of these stock units, 230 shares of common stock were disposed to the issuer at a price of 658.2600 per share under Rule 16b-3, rather than sold in the open market. Following these transactions, she directly held 1,047.316 shares of common stock, and indirectly held 43.5408 shares through the Lockheed Martin Salaried Savings Plan, which includes dividend reinvestment and additional acquisitions under the company’s 401(k) plan.

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.

Lockheed Martin executive Robert M. Lightfoot Jr., President, Space, reported several equity transactions. He exercised 2,627 restricted stock units, converting them one-for-one into common stock following a three-year 2023–2025 performance cycle based on financial metrics.

He also received a separate grant of 2,059 shares of common stock as an award. To cover tax withholding upon vesting and settlement of stock units, 2,080 shares of common stock were disposed back to Lockheed Martin at 658.2600 per share. After these direct transactions, he held 4,606 shares of common stock directly.

In addition, he reported 230.4515 shares held indirectly through the Lockheed Martin Salaried Savings Plan, which includes additional acquisitions and dividend reinvestments under the company’s 401(k) plan.

Lockheed Martin executive Timothy S. Cahill, President of Missiles & Fire Control, reported several equity transactions dated February 22, 2026. He exercised 2,533 restricted stock units, converting them into 2,533 shares of common stock on a one-for-one basis. He also acquired 2,059 common shares upon settlement of performance stock units tied to a three-year 2023–2025 performance cycle based on three financial metrics.

To cover tax withholding on these vesting events, 1,752 common shares were disposed to Lockheed Martin at a price of $658.26 per share, characterized as a tax-withholding transaction rather than an open-market sale. After these transactions, Cahill directly held 14,210.746 common shares. He also reported 71.6494 common shares held indirectly through the Lockheed Martin Salaried Savings Plan, reflecting additional acquisitions and dividend reinvestment under company savings and 401(k) plans.

Lockheed Martin Chairman, President & CEO James D. Taiclet Jr. reported multiple equity transactions in connection with long-term incentive awards. He exercised 9,618 restricted stock units, converting them into the same number of shares of common stock at a stated price of $0.00 per share.

He also received a separate grant or award of 7,842 shares of common stock, bringing his directly held common stock to 51,623.855 shares before tax withholding. To cover tax obligations upon vesting and settlement of stock units, 7,661 shares of common stock were disposed to Lockheed Martin at $658.26 per share, reducing his direct common stock holdings to 43,962.855 shares.

In addition to direct ownership, the filing shows 32,831 shares of common stock held indirectly through a grantor retained annuity trust and 70.3951 shares held indirectly in the Lockheed Martin Salaried Savings Plan as of the reportable date.

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.

Lockheed Martin director Heather A. Wilson acquired 260.5044 phantom stock units through an equity award under the Lockheed Martin Directors Equity Plan. These phantom units convert into common stock on a one-for-one basis and were acquired at $652.58 per unit. The award vests in two equal installments, 50% on June 30 and 50% on December 31 following the award date, with all unvested units vesting upon certain events such as retirement under the age limitation, death, disability or change in control. After this grant, Wilson indirectly holds a total of 894.6397 phantom stock units, including additional units from dividend reinvestment.

Lockheed Martin director Debra L. Reed received an award of 260.5044 phantom stock units under the company’s Directors Equity Plan. These units were acquired at $652.58 per unit, convert one-for-one into common stock, and vest 50% on June 30 and 50% on December 31 following the award date.

Lockheed Martin director Vicki A. Hollub received an award of phantom stock units under the company’s Directors Equity Plan. She acquired 260.5044 phantom stock units on a grant date value of $652.58 per unit, which convert into common stock on a one-for-one basis.

The award vests 50% on June 30 following the grant date and 50% on December 31 following the grant date, with full vesting upon specified events such as retirement under the age limitation, death, disability, change in control, or partial vesting upon failure to stand for reelection. The units are held indirectly in the Directors Equity Plan and will be settled in cash or stock at termination of service, alongside previously acquired phantom stock units in a deferred compensation plan that includes additional units from dividend reinvestment.

Lockheed Martin director Patricia E. Yarrington received an equity award of 260.5044 phantom stock units under the company’s Directors Equity Plan. These units convert into common stock on a one-for-one basis and were acquired at $652.58 per unit. The award vests 50% on June 30 and 50% on December 31 following the grant date, with accelerated vesting in certain events such as retirement under the bylaws’ age limit, death, disability, change in control, or partial vesting upon failure to stand for reelection. Following this award and dividend reinvestment, her indirect holdings under the plan total 2,228.0546 phantom stock units, with settlement in cash or stock generally occurring upon termination of board service.

Lockheed Martin director Thomas J. Falk received an award of 260.5044 phantom stock units under the company’s Amended and Restated Directors Equity Plan. These phantom units convert to common stock on a one-for-one basis and were acquired at $652.58 per unit. They vest 50% on June 30 and 50% on December 31 following the award date, with accelerated vesting upon events such as retirement due to age limitation, death, disability, change in control, or partially upon failure to stand for reelection. Following this grant, Falk indirectly holds a total of 15,453.7516 phantom stock units, including additional units from dividend reinvestment.

Lockheed Martin director Joseph F. Dunford Jr. acquired 260.5044 phantom stock units under the Lockheed Martin Directors Equity Plan. These units were granted at $652.58 per unit and each converts into one share of common stock.

The award vests 50% on June 30 and 50% on December 31 following the award date, with accelerated vesting in certain events such as retirement at the bylaw age limit, death, disability, change in control, or partial vesting upon failure to stand for reelection. After this grant, Dunford indirectly holds a total of 2,936.1622 phantom stock units, including amounts accumulated through dividend reinvestment.

Lockheed Martin director John Donovan received an award of phantom stock units under the company’s Directors Equity Plan. On February 13, 2026, he acquired 260.5044 phantom stock units, bringing his balance under that plan to 2,038.1299 units. The units were valued at $652.58 per unit for award purposes and convert to common stock on a one-for-one basis.

The award vests 50% on June 30 following the grant date and 50% on December 31 following the grant date, with accelerated vesting in certain events such as retirement due to age limits, death, disability, change in control, or partial vesting upon failure to stand for reelection. Settlement in cash or stock, at the director’s election, generally occurs upon termination of board service. Donovan also reports 1,362.1628 previously acquired phantom stock units held under the Directors Deferred Compensation Plan, which will be settled upon retirement or termination of service.

Lockheed Martin director David B. Burritt reported an award of 260.5044 phantom stock units under the Lockheed Martin Directors Equity Plan, which are treated as a grant/award acquisition. According to the plan, these units were acquired at $652.58 per share and vest 50% on June 30 and 50% on December 31 following the award date, with accelerated vesting in certain retirement, death, disability, or change-in-control situations. After this award, Burritt indirectly holds 14,009.6487 phantom stock units under the Directors Equity Plan and 11,179.9822 phantom stock units under the Directors Deferred Compensation Plan, which will be settled upon his retirement or termination of service.

Lockheed Martin Corporation director John C. Aquilino reported an acquisition of phantom stock units under the company’s Directors Equity Plan. He was granted 260.5044 phantom stock units at $652.58 per unit, bringing his total indirect holdings in these units to 673.7911.

Each phantom stock unit converts to Lockheed Martin common stock on a one-for-one basis. The award vests 50% on June 30 and 50% on December 31 following the award date, with accelerated vesting upon certain events such as retirement under the age limitation, death, disability, change in control, or partial vesting upon failure to stand for reelection. Settlement in cash or stock occurs after his board service ends, with limited deferral options for directors who meet stock ownership guidelines. Holdings also reflect additional units acquired through dividend reinvestment.

Lockheed Martin director John M. Donovan reported changes in his deferred equity holdings. On 12/31/2025, he acquired 103.3762 phantom stock units, which each convert into one share of Lockheed Martin common stock, under the company’s Directors Deferred Compensation Plan. These units were acquired at $483.67 per share through deferral of his director retainer fees and will be settled in cash when he retires or his board service ends.

After this transaction and additional dividend reinvestments, Donovan indirectly holds 1,362.1628 phantom stock units in the Directors Deferred Compensation Plan and 1,777.6254 stock units in the Amended and Restated Directors Equity Plan. Units under the equity plan are settled in cash or stock, at the director’s election, generally upon retirement or termination of service, with an option for certain non-employee directors who meet stock ownership guidelines to receive payment on the first business day of April following vesting for awards granted on or after January 1, 2018.

Lockheed Martin director David B. Burritt reported equity-related holdings and a new phantom stock unit transaction. On 12/31/2025, he acquired 87.8698 phantom stock units at $483.67 per share through deferral of his director retainer fee under the Lockheed Martin Corporation Directors Deferred Compensation Plan. These phantom stock units are tied one-for-one to Lockheed Martin common stock but are settled in cash when he retires or his board service ends.

Following this transaction, he held 11,179.9822 phantom stock units in the Directors Deferred Compensation Plan and 13,749.1442 stock units under the Amended and Restated Directors Equity Plan. Awards under the equity plan may be settled in cash or stock at retirement or termination, and certain non-employee directors who meet stock ownership guidelines may elect payment for awards granted on or after January 1, 2018 on the first business day of April following vesting.

Lockheed Martin Corporation officer Gregory M. Ulmer, President of Aeronautics, reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On 12/05/2025, portions of RSU awards granted on February 22, 2023, February 22, 2024, and February 26, 2025 vested early because he is retirement-eligible, and converted into shares of common stock on a one-for-one basis. The filing shows acquisitions of 38, 33, and 33 common shares at a stated price of $0 per share through these conversions, with corresponding dispositions back to the company to cover tax withholding obligations, reported at $452.2 per share. After the transactions, Ulmer directly held 5,661.228 Lockheed Martin common shares and indirectly held 93.8471 shares through the Lockheed Martin Salaried Savings Plan, along with 2,533, 2,936, and 3,024 RSUs remaining outstanding under the respective grants.

Lockheed Martin (LMT) Chairman, President & CEO James D. Taiclet reported equity compensation activity involving restricted stock units. On 12/05/2025, portions of RSU grants from February 22, 2023, February 22, 2024, and February 26, 2025 converted into 391, 294, and 134 shares of common stock, respectively, through transaction code M. These shares were immediately paired with dispositions coded F back to Lockheed Martin to cover tax withholding obligations at a reported price of $452.2 per share, with the transactions described as exempt under Rule 16b-3. After these movements, Taiclet directly held 66,994.855 shares, plus 62.3985 shares indirectly via the Lockheed Martin Salaried Savings Plan, and continued to hold RSUs that remain subject to future vesting conditions.

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.

Lockheed Martin Chief Operating Officer Frank A. St. John reported routine equity compensation activity involving restricted stock units (RSUs) and related share dispositions on 12/05/2025. Several RSU grants vested early because he is retirement-eligible, converting into small blocks of common stock of 63, 54, and 53 shares, which increased his directly held shares before tax withholding.

To cover his tax withholding obligations on these vestings, he transferred an aggregate of 170 shares back to Lockheed Martin at a price of $452.20 per share, leaving him with no directly owned common shares after these transactions. The footnotes state these transactions are exempt under Rule 16b-3 and that the remaining RSU balances from the 2023, 2024, and 2025 grants will continue to vest if he retires before the third anniversary of each grant date.

Lockheed Martin Corporation reported an insider equity transaction by Timothy S. Cahill, President of Missiles & Fire Control. On 12/05/2025, portions of previously granted restricted stock units converted into common stock and vested, with 38 shares from a February 22, 2024 grant, 33 shares from a February 22, 2023 grant, and 33 shares from a February 26, 2025 grant acquired at an exercise price of $0 per share. To cover related tax withholding obligations, Cahill disposed of 33, 33, and 38 shares back to Lockheed Martin at $452.2 per share, and a further 338 shares were transferred as a gift at $0.0000 per share.

Following these transactions, Cahill directly owned 11,370.597 shares of Lockheed Martin common stock and held an additional 60.909 shares indirectly through the Lockheed Martin Salaried Savings Plan. RSU awards remain outstanding, including 33, 38, and 33 restricted stock units linked to grants that continue to vest according to their original schedules.

Lockheed Martin (LMT): Officer Maria A. Ricciardone reported routine equity activity on 10/24/2025. 446 restricted stock units converted into common stock at $0, followed by a disposition of 196 shares to the issuer to satisfy tax withholding at $485.41 under Rule 16b-3.

After these transactions, she directly beneficially owned 759.54 shares. She also held 37.7304 shares indirectly through the Lockheed Martin Salaried Savings Plan. Restricted stock units convert to common stock on a one-for-one basis.

Lockheed Martin (LMT) Chief Operating Officer Frank A. St. John reported open-market sales of common stock on 10/23/2025.

He sold 69 shares at $492.42, 3,020 shares at a weighted average price of $490.5827 (prices ranged from $490.0100 to $490.9900), and 4,703 shares at a weighted average price of $491.3097 (prices ranged from $491.0200 to $491.8400). The filing notes he will provide detailed trade breakdowns upon request.

After these transactions, his direct beneficial ownership was 0.522 shares, reflecting fractional shares from dividend reinvestment. He also executed an intra‑plan transfer out of the company stock fund within the Lockheed Martin Salaried Savings Plan, valued at $488.0500 on the transfer date and reported as exempt under Rule 16b‑3(f).

Derivative positions disclosed include 121.6513 phantom stock units under the Supplemental Savings Plan (settled in cash upon retirement or termination) and 159.2925 phantom stock units under the Deferred Management Incentive Compensation Plan (settled in stock upon retirement or termination).

John Donovan, a Lockheed Martin director, reported acquisition of 100.1582 phantom stock units on 09/30/2025 through deferral of director retainer fees under the Lockheed Martin Directors Deferred Compensation Plan at a per‑unit value of $499.21. The filing states phantom stock units convert one‑for‑one to common stock but are settled in cash upon the reporting person’s retirement or termination. The report shows 1,249.9498 phantom shares beneficially owned under the Deferred Comp Plan (including dividend reinvestments) and 1,765.1464 previously acquired stock units under the Directors Equity Plan, which may be settled in cash or stock as elected by the director.

David B. Burritt, a Lockheed Martin director, reported on 09/30/2025 the acquisition of 85.1345 phantom stock units through director retainer fee deferral at an attributed price of $499.21 per share. Those phantom units convert one-for-one into common stock but, under the Directors Deferred Compensation Plan, are settled in cash upon the reporting person's retirement or termination. The filing also discloses previously held units: 11,014.2453 units under the Directors Deferred Compensation Plan (including dividend reinvestment) and 13,652.6246 units under the Directors Equity Plan, which may be settled in cash or stock at termination (with certain payment election rules for non-employee directors).