Lockheed Martin (LMT) Aeronautics President Ulmer details RSU vesting and tax-related share dispositions

Rhea-AI Filing Summary

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.

Insider Trade Summary

104 shares exercised/converted

Mixed 10 txns

Insider Ulmer Gregory M

Role President Aeronautics

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
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,533 shares (Direct); Common Stock — 5,699.228 shares (Direct); Common Stock — 93.847 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, 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.

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

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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^*

Ulmer Gregory M

(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)
	President Aeronautics

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		38(1)	A	$0(1)	5,699.228	D
Common Stock	12/05/2025		M		33(2)	A	$0(2)	5,732.228	D
Common Stock	12/05/2025		M		33(3)	A	$0(3)	5,765.228	D
Common Stock	12/05/2025		F		33(4)	D	$452.2	5,732.228(5)	D
Common Stock	12/05/2025		F		33(4)	D	$452.2	5,699.228(5)	D
Common Stock	12/05/2025		F		38(4)	D	$452.2	5,661.228(5)	D
Common Stock								93.8471(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			33(2)	(2)	02/22/2026	Common Stock	33	(2)	2,533	D
Restricted Stock Units	(6)	12/05/2025		M			38(1)	(1)	02/22/2027	Common Stock	38	(1)	2,936	D
Restricted Stock Units	(6)	12/05/2025		M			33(3)	(3)	02/26/2028	Common Stock	33	(3)	3,024	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, 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.

2. 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.

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

	Gregory M. Ulmer, 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.
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FAQ

What did Lockheed Martin (LMT) executive Gregory Ulmer report in this Form 4?

Gregory M. Ulmer, President Aeronautics at Lockheed Martin, reported the vesting of portions of restricted stock unit (RSU) awards on 12/05/2025 and the related share dispositions to cover tax withholding obligations.

How many Lockheed Martin shares did Gregory Ulmer acquire and dispose of in these transactions?

The report shows RSU conversions into 38, 33, and 33 common shares at a stated price of $0 per share, with corresponding dispositions of 33, 33, and 38 shares back to the issuer at $452.2 per share to satisfy tax withholding obligations.

What are Ulmer's Lockheed Martin share holdings after the reported transactions?

Following the transactions, Gregory Ulmer directly owned 5,661.228 Lockheed Martin common shares and indirectly owned 93.8471 shares through the Lockheed Martin Salaried Savings Plan.

What restricted stock units remain outstanding for Gregory Ulmer at Lockheed Martin?

The filing shows outstanding RSU positions of 2,533, 2,936, and 3,024 units tied to grants from February 22, 2023, February 22, 2024, and February 26, 2025, respectively, each convertible into Lockheed Martin common stock on a one-for-one basis.

Why were the Lockheed Martin RSUs described as having accelerated vesting?

The explanations state that each transaction represents accelerated vesting of shares received upon conversion of portions of RSU grants, with a value equal to the tax withholding obligation of the retirement-eligible reporting person.

How were tax obligations handled for Gregory Ulmer's Lockheed Martin RSU vesting?

Shares received upon RSU conversion were partially disposed of back to Lockheed Martin at $452.2 per share to satisfy Gregory Ulmer's tax withholding obligations, with these transactions noted as exempt under Rule 16b-3.