Form 4: Lockheed Martin Executive Gregory M. Ulmer Acquires Restricted Stock Units

Gregory M. Ulmer, President of Aeronautics at Lockheed Martin, was granted 3,057 restricted stock units on February 26, 2025, which vest on the third anniversary of the grant date.

Summary

• On February 26, 2025, Gregory M. Ulmer, President of Aeronautics at Lockheed Martin, acquired 3,057 restricted stock units.
• These restricted stock units represent a contingent right to receive one share of LMT common stock each.
• The units vest on February 26, 2028, which is the third anniversary of the grant date.
• Vesting may be accelerated to cover tax withholding obligations for retirement-eligible individuals, with vested shares disposed of to the issuer for tax purposes.
• The price of the derivative security is $0.0000.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It's neutral to slightly positive as it suggests alignment of executive interests with company performance.

Positives

• The acquisition of restricted stock units aligns the executive's interests with the long-term performance of Lockheed Martin.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is common in publicly traded companies like Lockheed Martin. It provides transparency into the equity-based compensation of key executives.

Comparison to Industry Standards

• Equity-based compensation, such as restricted stock units, is a standard practice among large publicly traded companies, including defense contractors like Boeing, Northrop Grumman, and General Dynamics.
• The vesting schedule of three years is also a common practice to incentivize long-term commitment.
• The specific number of units granted and their value would be benchmarked against similar executive roles in comparable companies to assess competitiveness.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning executive compensation with company performance.
• Employees may see this as a standard part of executive compensation packages.

Key Dates