Form 4: Lockheed Martin Executive Timothy Cahill Reports Stock Transactions

Lockheed Martin executive Timothy Cahill reports the acquisition and disposition of company stock and restricted stock units on February 25, 2024.

Summary

• On February 25, 2024, Timothy S. Cahill, President of Missiles & Fire Control at Lockheed Martin, reported transactions involving Lockheed Martin common stock and restricted stock units.
• Cahill acquired 2,319 shares of common stock upon settlement of performance stock units granted on February 25, 2021, for $0.
• He also acquired 1,515 shares upon conversion of restricted stock units at $0.
• 1,474 shares were disposed of to cover tax obligations at a price of $431.12 per share.
• Following these transactions, Cahill directly owns 12,835.919 shares of common stock.
• He also indirectly owns 38.2724 shares through the Lockheed Martin Salaried Savings Plan.
• The reported transactions also involved the vesting of 1,515 restricted stock units granted on February 25, 2021.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates