Lockheed Martin (LMT) CEO James Taiclet logs RSU vesting and tax-related share dispositions

Rhea-AI Filing Summary

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.

Insider Trade Summary

819 shares exercised/converted

Mixed 10 txns

Insider TAICLET JAMES D JR

Role Chairman, President & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	391	$0.00	--
Exercise	Restricted Stock Units	294	$0.00	--
Exercise	Restricted Stock Units	134	$0.00	--
Exercise	Common Stock	391	$0.00	--
Exercise	Common Stock	294	$0.00	--
Exercise	Common Stock	134	$0.00	--
Tax Withholding	Common Stock	134	$452.20	$61K
Tax Withholding	Common Stock	294	$452.20	$133K
Tax Withholding	Common Stock	391	$452.20	$177K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 9,618 shares (Direct); Common Stock — 67,385.855 shares (Direct); Common Stock — 62.399 shares (Indirect, Lockheed Martin Salaried Savings Plan)

Footnotes (1)

1. 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 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 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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

TAICLET JAMES D JR

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

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	12/05/2025		M		391(1)	A	$0(1)	67,385.855	D
Common Stock	12/05/2025		M		294(2)	A	$0(2)	67,679.855	D
Common Stock	12/05/2025		M		134(3)	A	$0(3)	67,813.855	D
Common Stock	12/05/2025		F		134(4)	D	$452.2	67,679.855(5)	D
Common Stock	12/05/2025		F		294(4)	D	$452.2	67,385.855(5)	D
Common Stock	12/05/2025		F		391(4)	D	$452.2	66,994.855(5)	D
Common Stock								62.3985(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	(6)	12/05/2025		M			391(1)	(1)	02/22/2026	Common Stock	391	(1)	9,618	D
Restricted Stock Units	(6)	12/05/2025		M			294(2)	(2)	02/22/2027	Common Stock	294	(2)	11,247	D
Restricted Stock Units	(6)	12/05/2025		M			134(3)	(3)	02/26/2028	Common Stock	134	(3)	11,417	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

5. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.

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

	James D. Taiclet, by Lynda M. Noggle, Attorney-in-fact	12/09/2025
	** 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.

FAQ

What insider transaction did Lockheed Martin (LMT) report for James D. Taiclet?

The filing reports that James D. Taiclet, Lockheed Martin's Chairman, President & CEO, had portions of his restricted stock units (RSUs) vest and convert into common stock on 12/05/2025, followed by share dispositions to cover tax withholding obligations.

How many Lockheed Martin shares resulted from James Taiclet's RSU conversions?

The RSU conversions yielded 391 shares from a February 22, 2023 grant, 294 shares from a February 22, 2024 grant, and 134 shares from a February 26, 2025 grant, all reported under transaction code M.

Were the Lockheed Martin (LMT) insider transactions related to open-market sales?

No. The dispositions, reported under transaction code F, were transfers of shares back to the issuer to satisfy James Taiclet's tax withholding obligations upon RSU vesting, described as exempt under Rule 16b-3.

What price was used for the tax withholding dispositions in the Lockheed Martin filing?

The dispositions of common stock to Lockheed Martin to satisfy tax withholding obligations were reported at a price of $452.2 per share.

How many Lockheed Martin shares does James Taiclet own after these transactions?

Following the reported transactions, James Taiclet directly held 66,994.855 shares of Lockheed Martin common stock and indirectly held 62.3985 shares through the Lockheed Martin Salaried Savings Plan, in addition to his remaining RSUs.

Do James Taiclet's restricted stock units in Lockheed Martin convert one-for-one into common shares?

Yes. The filing states that restricted stock units convert to common stock on a one-for-one basis when they vest and are settled.

Are all of James Taiclet's Lockheed Martin RSUs fully vested after this transaction?

No. The explanations note that the balance of the RSUs remains subject to continued vesting if the reporting person retires before the third anniversary of each grant date.