Form 4: Lockheed Martin COO St. John Reports Stock Transactions

Lockheed Martin's Chief Operating Officer, Frank A. St. John, reported the acquisition of common stock from vested restricted and performance stock units, alongside a disposition for tax withholding.

Summary

• Frank A. St. John, Chief Operating Officer of Lockheed Martin Corp (LMT), reported multiple transactions on February 22, 2026.
• Acquired 3,756 shares of common stock from the conversion of restricted stock units (RSUs) at a price of $0.
• Acquired an additional 3,063 shares of common stock from the settlement of performance stock units (PSUs) granted on February 22, 2023, which vested after a three-year performance period (2023-2025) based on financial metrics.
• Disposed of 2,993 shares of common stock at a price of $658.26 to cover tax withholding obligations related to the vesting and settlement of stock units.
• Following these transactions, St. John directly owns 3,826 shares of common stock.
• Indirectly owns 6.9377 shares through the Lockheed Martin Salaried Savings Plan, which includes additional acquisitions and dividend reinvestment.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing. The vesting of performance stock units indicates the company met its financial metrics over the 2023-2025 period, reflecting positively on past performance, despite the routine tax-related share disposition.

Positives

• Acquisition of 3,756 shares from vested Restricted Stock Units, indicating successful vesting.
• Acquisition of 3,063 shares from Performance Stock Units, signifying the achievement of performance targets over the 2023-2025 cycle.
• The vesting of Performance Stock Units is based on the satisfaction of performance against three separate financial metrics, suggesting strong company performance during the period.

Negatives

• Disposition of 2,993 shares at $658.26 to satisfy tax withholding obligations, which reduces direct share ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 provide transparency into executive compensation and share ownership, which can be a signal of management's confidence, though these specific transactions are routine vesting and tax-related dispositions rather than discretionary open-market purchases or sales.

Stakeholder Impact

• Shareholders: Increased transparency regarding executive compensation and share ownership. The successful vesting of performance units based on financial metrics could be seen as a positive indicator of company performance for shareholders.

Key Dates

Recommendation

The filing details routine executive compensation events (vesting of stock units and tax-related dispositions) rather than discretionary open-market purchases or sales. While the vesting of performance units suggests the company met its financial targets, this Form 4 alone does not provide sufficient new information to warrant a change in investment recommendation. It confirms the ongoing operation of the company's compensation structure and past performance against set metrics.

Keywords

Lockheed Martin, LMT, Frank A. St. John, Insider Trading, Form 4, Stock Units, Restricted Stock Units, Performance Stock Units, Executive Compensation, Share Ownership