Form 4: Lockheed Martin Exec Sells LMT Shares Under 10b5-1 Plan

Lockheed Martin's President of Aeronautics, Gregory M. Ulmer, reported the sale of 2,840 shares of common stock on February 27, 2026, under a pre-arranged trading plan.

Summary

• Gregory M. Ulmer, President of Aeronautics at Lockheed Martin Corp (LMT), reported the sale of common stock.
• The transactions occurred on February 27, 2026.
• A total of 2,840 shares were sold across two separate transactions.
• The first transaction involved 320 shares at weighted average prices ranging from $651.1400 to $651.3600.
• The second transaction involved 2,520 shares at weighted average prices ranging from $650.0000 to $650.9400.
• These sales were conducted pursuant to a Rule 10b5-1 pre-arranged trading plan.
• Following these transactions, Mr. Ulmer directly beneficially owns 8,181.228 shares.
• Mr. Ulmer also indirectly owns 104.8105 shares through the Lockheed Martin Salaried Savings Plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive signal due to the pre-planned nature of the sale under a Rule 10b5-1 plan, which mitigates concerns typically associated with insider selling.

Positives

• The transactions were executed under a Rule 10b5-1 trading plan, indicating pre-scheduled sales not based on immediate, non-public information, which mitigates the typical negative signal of insider selling.

Negatives

• A reduction in direct beneficial ownership by a key executive, totaling 2,840 shares, which can sometimes be perceived as a lack of confidence, though less so with a 10b5-1 plan.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under a Rule 10b5-1 plan, are common for executives managing personal finances, diversification, or liquidity. Such pre-arranged plans are designed to allow insiders to sell shares without being accused of trading on material non-public information, making these transactions generally less impactful than unplanned insider sales.

Stakeholder Impact

• Shareholders: May observe a slight reduction in direct insider ownership, but the 10b5-1 plan context generally reduces concerns about management's confidence in the company.

Key Dates

Keywords

LMT, Lockheed Martin, insider trading, Form 4, stock sale, Gregory M. Ulmer, President Aeronautics, 10b5-1 plan