Form 4: Lockheed Martin VP's RSU Vesting & Tax Withholding
Insider Transaction Report
Lockheed Martin's VP, Treasurer & Investor Relations, Maria A. Ricciardone, reported the vesting of restricted stock units and subsequent share disposition for tax obligations.
Summary
- Maria A. Ricciardone, VP, Treasurer & Investor Relations at Lockheed Martin Corp (LMT), reported transactions on October 24, 2025.
- 446 restricted stock units (RSUs) vested and converted into common stock, with each RSU being the economic equivalent of one LMT common share.
- 196 shares were disposed of to the issuer at a price of $485.41 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, Ricciardone directly owns 759.54 shares of common stock.
- An additional 37.7304 shares are indirectly owned through the Lockheed Martin Salaried Savings Plan, including acquisitions and dividend reinvestment.
Sentiment
Score: 5
Explanation: Neutral. The filing reports routine compensation-related transactions (vesting and tax withholding) for a corporate officer, which are standard and expected events.
Positives
- Vesting of 446 restricted stock units represents a compensation benefit for the reporting person.
- The transaction demonstrates a routine and expected compensation event for a corporate executive.
Negatives
- Disposition of 196 shares to cover tax withholding reduces the reporting person's direct beneficial ownership.
Future Outlook
NA
Industry Context
This is a routine insider transaction for an executive's compensation, common across publicly traded companies. It does not reflect broader industry trends.
Comparison to Industry Standards
- NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Maria A. Ricciardone granted a Power of Attorney to three individuals (Kevin J. O'Connor, John E. Stevens, Peter A. Christou) to act as her attorneys-in-fact for SEC filings, including Forms 3, 4, 5, and 144, and managing her EDGAR account. | 2025-06-19 | Streamlines the process for the reporting person to comply with SEC filing requirements by delegating administrative tasks to authorized individuals. |
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine compensation-related transactions for an executive, not indicative of significant strategic shifts or financial performance.
- Employees: Reflects standard executive compensation practices, which may be part of broader employee incentive programs.
Key Dates
| Date | Description |
|---|---|
| 2022-10-24 | Grant date of restricted stock units. |
| 2025-06-19 | Date Power of Attorney was signed by Maria A. Ricciardone. |
| 2025-10-24 | Transaction date for RSU vesting and share disposition for tax withholding. |
| 2025-10-28 | Date the Form 4 was signed by attorney-in-fact. |
Recommendation
holdThis Form 4 reports routine insider transactions related to executive compensation (RSU vesting and tax withholding). Such transactions are standard and do not typically provide new information that would warrant a change in investment recommendation for Lockheed Martin stock. The filing does not contain any material financial or strategic updates that would influence a 'buy' or 'sell' decision; therefore, a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Lockheed Martin, LMT, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Maria A. Ricciardone, Corporate Officer
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