Lockheed Martin filings document the reporting obligations of a NYSE-listed defense technology company with common stock traded under LMT. Its Form 8-K reports disclose quarterly and annual operating results, financial outlook updates, material definitive agreements, unsecured revolving credit facilities, senior unsecured notes, and pension obligation transactions.
Proxy materials describe board and shareholder voting matters, executive compensation, pay-versus-performance data, and governance practices. The filing record also identifies capital-structure matters such as registered debt offerings, credit-agreement amendments, and securities registered under the Exchange Act.
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 Corporation filed its annual report for the year ended December 31, 2025, describing a global aerospace and defense technology business built around four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Its largest program, the F‑35 fighter, generated 27% of total consolidated sales in 2025 and 67% of Aeronautics sales.
The company derived 72% of 2025 consolidated sales from the U.S. Government and highlights risks from defense budget changes, procurement rules, contract terminations, and intense competition. It reports persistent supply-chain, inflation and labor challenges, cybersecurity threats, growing climate and sustainability regulation, and geopolitical uncertainties, while employing about 123,000 people as of December 31, 2025.
Lockheed Martin Corporation filed a current report to state that it has released its financial results for the quarter and full year ended December 31, 2025. The company issued a news release on January 29, 2026, and furnished that release as Exhibit 99.1.
The exhibit contains the detailed earnings information, while this report mainly serves to formally notify investors that those quarterly and annual results are now available.
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 executed buy-out conversions of group annuity contracts on December 16, 2025, transferring approximately $900 million of gross defined benefit pension obligations from certain pension plans to insurance companies with no additional Company funding required. The insurers will assume payment and administration of retirement benefits for about 9,000 U.S. retirees and beneficiaries, and the nature, amount, and timing of benefit payments will remain unchanged.
In connection with these transactions, Lockheed Martin expects to recognize an estimated non-cash, non-operating pretax settlement charge of approximately $480 million in the fourth quarter of 2025, reflecting accelerated recognition of actuarial losses previously recorded in stockholders’ equity. This charge was not included in the Company’s prior 2025 financial outlook released on October 21, 2025.
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.