Form 4: Lockheed Martin Executive Stephanie C. Hill Reports Stock Transactions
SEC Form 4 Filing
Stephanie C. Hill, President of Rotary & Mission Systems at Lockheed Martin, reports acquisition and disposition of company stock, including shares from performance stock units and restricted stock units, as well as shares withheld for tax obligations.
Summary
- On February 23, 2025, Stephanie C. Hill, President of Rotary & Mission Systems at Lockheed Martin, reported transactions involving Lockheed Martin common stock.
- She acquired 6,184 shares upon settlement of performance stock units granted on February 23, 2022, based on performance over the 2022-2024 period.
- Hill also acquired 2,957 shares from restricted stock units that vested on February 23, 2025.
- 4,350 shares were disposed of to cover tax obligations related to the vesting of stock units at a price of $440.72 per share.
- Following these transactions, Hill directly owns 14,123.256 shares of Lockheed Martin common stock.
- She also indirectly owns 4,065.6303 shares through the Lockheed Martin Salaried Savings Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Positives
- The acquisition of shares through performance stock units indicates that performance metrics were met during the 2022-2024 performance cycle.
Negatives
- The disposition of 4,350 shares to cover tax obligations reduces the total number of shares directly held by Stephanie C. Hill.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages at companies like Boeing, RTX (formerly Raytheon), and General Dynamics also include performance-based stock units and restricted stock units.
- The vesting schedules and performance metrics for these units are typically aligned with long-term shareholder value creation.
- Tax withholding practices upon vesting of stock units are standard across the industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
- Employees holding company stock through savings plans may be indirectly affected by the overall stock performance.
Key Dates
| Date | Description |
|---|---|
| January 24, 2020 | Date of Power of Attorney for David B. Burritt, Bruce A. Carlson, Thomas J. Falk, Vicki A. Hollub, Frank A. St. John, James D. Taiclet |
| February 10, 2020 | Date of Power of Attorney for Joseph F. Dunford, Jr. |
| November 1, 2019 | Date of Power of Attorney for Debra L. Reed-Klages |
| November 29, 2020 | Date of Power of Attorney for Gregory M. Ulmer |
| June 3, 2021 | Date of Power of Attorney for Patricia E. Yarrington |
| October 26, 2021 | Date of Power of Attorney for John M. Donovan |
| December 15, 2021 | Date of Power of Attorney for Robert M. Lightfoot, Jr. |
| February 2, 2022 | Date of Power of Attorney for Jesus Malave |
| September 30, 2022 | Date of Power of Attorney for Timothy S. Cahill |
| June 6, 2022 | Date of Power of Attorney for H. Edward Paul III |
| June 27, 2023 | Date of the Stevens Substitute Power of Attorney from Maryanne R. Lavan |
| June 4, 2024 | Date of Power of Attorney for Heather Wilson |
| December 11, 2024 | Date of Power of Attorney for John C. Aquilino |
| February 23, 2022 | Date of grant for performance stock units and restricted stock units |
| February 18, 2025 | Date of execution for the Substitute Power of Attorney by John E. Stevens |
| February 23, 2025 | Date of stock transactions: acquisition of shares from performance stock units and restricted stock units, and disposition of shares for tax obligations |
| February 25, 2025 | 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.