Form 4: Lockheed Martin Executive Timothy Cahill Reports Stock Transactions
SEC Form 4 Filing
Timothy S. Cahill, President of Missiles & Fire Control at Lockheed Martin, reports acquisition and disposition of company stock and derivative securities on February 23, 2025.
Summary
- On February 23, 2025, Timothy S. Cahill, President of Missiles & Fire Control at Lockheed Martin, reported transactions involving Lockheed Martin common stock.
- Cahill acquired 3,093 shares of common stock upon settlement of performance stock units granted on February 23, 2022, at a price of $0.
- He also acquired 1,487 shares upon conversion of restricted stock units at $0.
- Cahill disposed of 1,770 shares to cover tax withholding obligations at a price of $440.72 per share.
- Following these transactions, Cahill directly owns 11,687.573 shares of Lockheed Martin common stock and indirectly owns 52.5023 shares through the Lockheed Martin Salaried Savings Plan.
- The transactions also involved 1,487 restricted stock units that converted to common stock on a one-for-one basis.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. There is no indication of unusual activity or concern.
Positives
- The acquisition of shares through performance stock units and restricted stock units indicates that performance metrics were met and the executive is incentivized to perform well.
Negatives
- The disposition of shares to cover tax obligations reduces the executive's direct holdings in the company.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Monitoring these transactions can provide insights into management's view of the company's prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
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, and James D. Taiclet. |
| November 1, 2019 | Date of Power of Attorney for Debra L. Reed-Klages. |
| February 10, 2020 | Date of Power of Attorney for Joseph F. Dunford, Jr. |
| June 11, 2020 | Date of Power of Attorney for Stephanie C. Hill. |
| November 29, 2020 | Date of Power of Attorney for Gregory M. Ulmer. |
| 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. |
| June 6, 2022 | Date of Power of Attorney for H. Edward Paul III. |
| September 30, 2022 | Date of Power of Attorney for Timothy S. Cahill. |
| June 3, 2021 | Date of Power of Attorney for Patricia E. Yarrington. |
| 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 18, 2025 | Date of execution for the Substitute Power of Attorney by John E. Stevens. |
| February 23, 2022 | Date of grant for performance stock units and restricted stock units. |
| February 23, 2025 | Date of the reported stock transactions, including acquisition and disposition of shares. |
| February 25, 2025 | Date of signature for the report by Peter A. Christou, Attorney-in-fact. |
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