Lockheed Martin (LMT) officer Timothy Cahill discloses RSU vesting, tax share sales
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 33 | $0.00 | -- |
| Exercise | Restricted Stock Units | 38 | $0.00 | -- |
| Exercise | Restricted Stock Units | 33 | $0.00 | -- |
| Exercise | Common Stock | 38 | $0.00 | -- |
| Exercise | Common Stock | 33 | $0.00 | -- |
| Exercise | Common Stock | 33 | $0.00 | -- |
| Tax Withholding | Common Stock | 33 | $452.20 | $15K |
| Tax Withholding | Common Stock | 33 | $452.20 | $15K |
| Tax Withholding | Common Stock | 38 | $452.20 | $17K |
| Gift | Common Stock | 338 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 22, 2024, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date. Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 22, 2023, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date. Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 26, 2025, with a value equal to the tax withholding obligation of the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the tax withholding obligation of the reporting person, which transactions are exempt under Rule 16b-3. The balance of the RSUs remains subject to continued vesting in the event the reporting person retires before the third anniversary of the grant date. 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. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment. Restricted stock units convert to common stock on a one-for-one basis.
FAQ
What insider transaction did LMT report for Timothy S. Cahill?
The filing reports that Timothy S. Cahill, President of Missiles & Fire Control, had portions of his restricted stock units convert and vest into common stock on 12/05/2025, with related share dispositions to cover tax withholding and a separate gift transfer.
What restricted stock units remain outstanding for Timothy Cahill at LMT?
The filing shows remaining restricted stock units including 33 units tied to a February 22, 2023 grant, 38 units tied to a February 22, 2024 grant, and 33 units tied to a February 26, 2025 grant, each convertible into one share of common stock.
What is Timothy Cahill’s role at Lockheed Martin (LMT)?
Cahill is reported as an Officer of Lockheed Martin, serving as President, Missiles & Fire Control, and he files individually as a single reporting person on this Form 4.