Form 4: Lockheed Martin Executive's Stock Transactions
Insider Transaction Report
Lockheed Martin's President of Missiles & Fire Control, Timothy S. Cahill, reported various stock transactions including RSU conversions, tax-related dispositions, and a gift of common stock.
Summary
- Timothy S. Cahill, President of Missiles & Fire Control at Lockheed Martin Corp., reported multiple transactions on December 5, 2025.
- Acquired a total of 104 shares of common stock through the accelerated vesting and conversion of Restricted Stock Units (RSUs) granted in February 2023, February 2024, and February 2025. These conversions were valued at $0 per share.
- Disposed of a total of 104 shares of common stock to the Issuer at a price of $452.2 per share to satisfy tax withholding obligations related to the RSU vesting.
- Disposed of 338 shares of common stock via a gift at a price of $0.0000 per share.
- Following these transactions, Cahill directly owns 11,370.597 shares of common stock and indirectly owns 60.909 shares through the Lockheed Martin Salaried Savings Plan.
- Holdings also include additional acquisitions through dividend reinvestment.
- Remaining Restricted Stock Units (RSUs) are subject to continued vesting if Cahill retires before the third anniversary of their respective grant dates.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing detailing executive stock transactions, primarily related to RSU vesting and tax withholding, along with a gift. It does not contain information that would significantly alter the company's financial outlook or operational performance.
Positives
- Vesting of Restricted Stock Units indicates compensation realization for the executive.
- Continued significant direct and indirect ownership by a key executive.
- Additional share acquisitions through dividend reinvestment.
Negatives
- Disposition of 338 shares via gift reduces direct beneficial ownership.
- Disposition of 104 shares to cover tax withholding, while standard, represents a reduction in direct holdings.
Risks
- None mentioned in the filing.
Future Outlook
No specific forward-looking statements or guidance are provided in this filing, beyond the conditional vesting of remaining Restricted Stock Units.
Industry Context
This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Timothy S. Cahill granted a Power of Attorney, appointing Kevin J. O'Connor, John E. Stevens, and Peter A. Christou as attorneys-in-fact for SEC filings and EDGAR system administration. | 06/20/2025 | Streamlines the process for filing SEC documents on behalf of the executive, ensuring compliance. |
| Substitute Power of Attorney Appointment | John E. Stevens, acting under his own Power of Attorney, appointed Lynda M. Noggle as a substitute attorney-in-fact to execute and file documents on behalf of several individuals, including Timothy S. Cahill. | 12/04/2025 | Further delegates authority for SEC filing compliance, enhancing operational efficiency for insider reporting. |
Related Party Transactions
- Disposition of shares to the Issuer to satisfy tax withholding obligations upon the vesting and settlement of stock units, which is exempt under Rule 16b-3.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine insider transaction report reflecting executive compensation and tax obligations.
- Management: Reflects the standard process for executive compensation realization and compliance with insider trading regulations.
Next Steps
- Remaining Restricted Stock Units are subject to continued vesting if the reporting person retires before the third anniversary of their respective grant dates.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Grant date for a portion of Restricted Stock Units. |
| 02/22/2024 | Grant date for a portion of Restricted Stock Units. |
| 02/26/2025 | Grant date for a portion of Restricted Stock Units. |
| 06/19/2025 | Date of Power of Attorney for Stephanie C. Hill, Robert M. Lightfoot, Jr., H. Edward Paul III, Maria A. Ricciardone, Evan T. Scott, Frank A. St. John, James D. Taiclet. |
| 06/20/2025 | Date of Power of Attorney for Timothy S. Cahill and Gregory M. Ulmer. |
| 06/25/2025 | Date of Power of Attorney for John C. Aquilino, David B. Burritt, John M. Donovan, Joseph F. Dunford, Jr., Thomas J. Falk, Vicki A. Hollub, Debra L. Reed-Klages, Heather Wilson, Patricia E. Yarrington. |
| 12/04/2025 | Date of Substitute Power of Attorney by John E. Stevens appointing Lynda M. Noggle. |
| 12/05/2025 | Date of earliest transaction reported in the Form 4. |
| 12/09/2025 | Date the Form 4 was signed. |
| 02/22/2026 | Expiration date for some Restricted Stock Units. |
| 02/22/2027 | Expiration date for some Restricted Stock Units. |
| 02/26/2028 | Expiration date for some Restricted Stock Units. |
Keywords
LMT, Lockheed Martin, Form 4, Insider Trading, Stock Transactions, RSU, Restricted Stock Units, Timothy S. Cahill
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