Form 4: Lockheed Martin Executive Timothy Cahill Sells Shares in Recent Transaction
SEC Form 4
Timothy S. Cahill, President of Missiles & Fire Control at Lockheed Martin, recently sold shares of the company's common stock, according to a Form 4 filing with the SEC.
Summary
- On July 24, 2024, Timothy S. Cahill, President of Missiles & Fire Control at Lockheed Martin, sold multiple blocks of Lockheed Martin common stock.
- The sales were executed at varying weighted average prices, ranging from $514.6004 to $517.7095 per share.
- A total of 4,475 shares were sold in these transactions.
- Following the reported transactions, Cahill directly owns 8,877.371 shares of Lockheed Martin common stock.
- Cahill also indirectly owns 38.7766 shares through the Lockheed Martin Salaried Savings Plan.
- John E. Stevens, as attorney-in-fact, signed the report on behalf of Timothy S. Cahill.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock sales by an executive. The sentiment is neutral as it doesn't inherently indicate positive or negative performance for the company.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.
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, Jeh C. Johnson, Frank A. St. John, James D. Taiclet |
| 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 27, 2023 | Date of Substitute Power of Attorney from Maryanne R. Lavan |
| 07/24/2024 | Date of stock sale transactions by Timothy S. Cahill |
| 07/25/2024 | Date of signature by John E. Stevens, Attorney-in-fact |
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