Form 4: Lockheed Martin Executive Paul Harry Edward III Reports Stock Transactions
SEC Form 4 Filing
Lockheed Martin's Vice President & Controller, Paul Harry Edward III, reports acquisition and disposition of company stock and restricted stock units on February 23, 2025.
Summary
- On February 23, 2025, Paul Harry Edward III, Vice President & Controller of Lockheed Martin, reported transactions involving Lockheed Martin common stock.
- He acquired 475 shares of common stock upon conversion of restricted stock units.
- He also acquired 116 shares upon settlement of performance stock units granted on February 23, 2022, based on performance over the 2022-2024 performance cycle.
- 268 shares were disposed of to cover tax withholding obligations related to the vesting of stock units at a price of $440.72 per share.
- Following these transactions, Paul Harry Edward III directly owns 2,985.276 shares of Lockheed Martin common stock.
- He also indirectly owns 113.5584 shares through the Lockheed Martin Salaried Savings Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at Lockheed Martin.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions reported are typical for executives receiving and vesting stock-based compensation.
- Similar filings can be observed for executives at comparable companies in the aerospace and defense industry, such as Boeing, Northrop Grumman, and General Dynamics.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 2019-11-01 | Debra L. Reed-Klages Power of Attorney date |
| 2020-01-16 | Frank A. St. John Power of Attorney date |
| 2020-01-24 | David B. Burritt, Bruce A. Carlson, Thomas J. Falk, Vicki A. Hollub, James D. Taiclet Power of Attorney date |
| 2020-02-10 | Joseph F. Dunford, Jr. Power of Attorney date |
| 2020-06-11 | Stephanie C. Hill Power of Attorney date |
| 2020-11-29 | Gregory M. Ulmer Power of Attorney date |
| 2021-06-03 | Patricia E. Yarrington Power of Attorney date |
| 2021-10-26 | John M. Donovan Power of Attorney date |
| 2021-12-15 | Robert M. Lightfoot, Jr. Power of Attorney date |
| 2022-02-02 | Jesus Malave Power of Attorney date |
| 2022-02-23 | Grant date of performance stock units and restricted stock units |
| 2022-06-06 | H. Edward Paul III Power of Attorney date |
| 2022-09-30 | Timothy S. Cahill Power of Attorney date |
| 2023-06-27 | Maryanne R. Lavan Substitute Power of Attorney date |
| 2024-06-04 | Heather Wilson Power of Attorney date |
| 2024-12-11 | John C. Aquilino Power of Attorney date |
| 2025-02-18 | Date of Substitute Power of Attorney executed by John E. Stevens |
| 2025-02-23 | Date of stock transactions and vesting of restricted stock units |
| 2025-02-25 | Date of signature for the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.