Lockheed Martin (LMT) officer reports RSU vesting and tax share disposals
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39 | $0.00 | -- |
| Exercise | Restricted Stock Units | 44 | $0.00 | -- |
| Exercise | Restricted Stock Units | 38 | $0.00 | -- |
| Exercise | Common Stock | 44 | $0.00 | -- |
| Exercise | Common Stock | 39 | $0.00 | -- |
| Exercise | Common Stock | 38 | $0.00 | -- |
| Tax Withholding | Common Stock | 38 | $452.20 | $17K |
| Tax Withholding | Common Stock | 39 | $452.20 | $18K |
| Tax Withholding | Common Stock | 44 | $452.20 | $20K |
| 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 Lockheed Martin (LMT) report for Stephanie C. Hill?
The report shows Stephanie C. Hill, President of Rotary & Mission Systems, had restricted stock units vest on 12/05/2025, with shares issued and an equivalent number of shares surrendered back to Lockheed Martin to satisfy tax withholding obligations.
What were the prices involved in Stephanie C. Hill’s Lockheed Martin stock transactions?
Shares received upon RSU vesting were recorded at $0 per share, and the shares surrendered to Lockheed Martin for tax withholding were valued at $452.2 per share.
What is the nature of the restricted stock units reported for Stephanie C. Hill at Lockheed Martin (LMT)?
The filing notes restricted stock units granted in 2023, 2024, and 2025, with small portions (39, 44 and 38 units) converting to common stock. The remaining RSUs continue to vest, and each unit converts into one share of common stock.
How does retirement eligibility affect Stephanie C. Hill’s Lockheed Martin RSUs?
The explanations state that certain RSUs for the retirement-eligible reporting person had accelerated vesting, while the remaining balances continue to vest even if she retires before the third anniversary of the respective grant dates.