Form 4: Lockheed Martin VP Ricciardone Reports Stock Transactions
Insider Transaction Report
Lockheed Martin's VP, Treasurer & Investor Relations, Maria A. Ricciardone, reported the acquisition of 516 shares of common stock from restricted and performance stock unit settlements and the disposition of 230 shares for tax withholding.
Summary
- Maria A. Ricciardone, VP, Treasurer & Investor Relations at Lockheed Martin Corp (LMT), reported transactions involving company common stock.
- Acquired 417 shares of common stock on February 22, 2026, from the conversion of restricted stock units (RSUs) on a one-for-one basis. These RSUs were granted on February 22, 2023, and vested on their third anniversary.
- Acquired an additional 99 shares of common stock on February 22, 2026, from the settlement of performance stock units (PSUs) granted on February 22, 2023. The number of shares earned was based on the satisfaction of performance against three separate financial metrics during the 2023-2025 performance cycle.
- Disposed of 230 shares of common stock on February 22, 2026, at a price of $658.26 per share, to satisfy tax withholding obligations upon the vesting and settlement of stock units. This disposition is exempt under Rule 16b-3.
- Following these transactions, Ricciardone directly beneficially owns 1,047.316 shares of common stock and indirectly owns 43.5408 shares through the Lockheed Martin Salaried Savings Plan.
- Holdings include additional acquisitions through dividend reinvestment and under the company's 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, representing routine executive compensation events and mandatory disclosure of insider transactions, with no significant positive or negative implications for the company's operational or financial performance.
Positives
- Acquisition of 516 shares of common stock (417 from RSU conversion, 99 from PSU settlement) indicates successful vesting and performance-based compensation.
- The settlement of performance stock units (PSUs) suggests the company met specific financial metrics during the 2023-2025 performance cycle.
Negatives
- Disposition of 230 shares of common stock to cover tax withholding obligations reduces direct share ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine Form 4 filings, such as this one, are standard disclosures for executive compensation and do not typically reflect broader industry trends or competitive shifts. They primarily provide transparency into insider ownership changes.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Appointment | John E. Stevens, acting under existing powers of attorney, appointed Lynda M. Noggle as a substitute attorney-in-fact to execute and file Section 16 and Rule 144 documents with the SEC for several individuals, including Maria A. Ricciardone. This appointment does not grant Noggle the power of substitution. | 2025-12-04 | Streamlines the process for filing required SEC documents for company insiders, ensuring compliance with reporting obligations. |
Stakeholder Impact
- Minimal impact on shareholders as these are routine executive compensation transactions and mandatory disclosures.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2023-02-22 | Grant date for 417 restricted stock units and performance stock units. |
| 2023-06-27 | Date of the Stevens Substitute Power of Attorney from Maryanne R. Lavan. |
| 2025-06-19 | Date of Power of Attorney for Maria A. Ricciardone and several other individuals. |
| 2025-12-04 | Execution date of the Substitute Power of Attorney appointing Lynda M. Noggle. |
| 2026-02-22 | Transaction date for RSU conversion, PSU settlement, and tax withholding disposition. |
| 2026-02-24 | Date the Form 4 was signed by attorney-in-fact. |
Recommendation
holdThis Form 4 filing details routine executive compensation transactions (vesting of stock units and subsequent tax-related disposition) and does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. It is a standard disclosure of insider activity.
Keywords
Lockheed Martin, LMT, Form 4, Insider Trading, Stock Units, Restricted Stock Units, Performance Stock Units, Executive Compensation, Share Ownership, Maria A. Ricciardone
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