Lockheed Martin Files 2024 DEF 14A

Ticker: LMT · Form: DEF 14A · Filed: 2024-03-15T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

LM's 2024 proxy statement is out, detailing exec pay for 2023. Check Taiclet & Hewson's numbers.

AI Summary

Lockheed Martin Corporation filed its DEF 14A on March 15, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation and corporate governance matters. Key individuals mentioned include Taiclet and Hewson, with compensation data spanning from 2020 to 2023.

Why It Matters

This filing provides crucial insights into how Lockheed Martin compensates its top executives, which can influence investor decisions and perceptions of the company's financial health and management strategy.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and corporate governance, not indicating new or unusual risks.

Key Players & Entities

Lockheed Martin Corporation (company) — Filer of the DEF 14A
Taiclet (person) — Executive mentioned in compensation data
Hewson (person) — Executive mentioned in compensation data
2023-12-31 (date) — Fiscal year end
20240315 (date) — Filing date

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used by companies to solicit proxies from shareholders for their annual meeting, typically to vote on director elections, executive compensation, and other corporate matters.

Who are the key individuals whose compensation is detailed in this filing?

The filing mentions key individuals such as Taiclet and Hewson, with compensation data provided for various fiscal years including 2020 through 2023.

What is the fiscal year end for Lockheed Martin Corporation as reported in this filing?

The fiscal year end for Lockheed Martin Corporation is December 31, as indicated by the filing's reporting period of 2023-01-01 to 2023-12-31.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on March 15, 2024 (20240315).

What industry does Lockheed Martin Corporation operate in?

Lockheed Martin Corporation operates in the Guided Missiles & Space Vehicles & Parts industry, with SIC code 3760.

From the Filing

0000936468-24-000032.txt : 20240315 0000936468-24-000032.hdr.sgml : 20240315 20240315090402 ACCESSION NUMBER: 0000936468-24-000032 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 219 CONFORMED PERIOD OF REPORT: 20240502 FILED AS OF DATE: 20240315 DATE AS OF CHANGE: 20240315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOCKHEED MARTIN CORP CENTRAL INDEX KEY: 0000936468 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 521893632 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-11437 FILM NUMBER: 24752685 BUSINESS ADDRESS: STREET 1: 6801 ROCKLEDGE DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3018976000 MAIL ADDRESS: STREET 1: 6801 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 DEF 14A 1 lmt-20240315.htm DEF 14A lmt-20240315 LOCKHEED MARTIN CORPORATION 0000936468 DEF 14A false 0000936468 2023-01-01 2023-12-31 iso4217:USD xbrli:pure 0000936468 lmt:TaicletMember 2022-01-01 2022-12-31 0000936468 2022-01-01 2022-12-31 0000936468 lmt:TaicletMember 2021-01-01 2021-12-31 0000936468 2021-01-01 2021-12-31 0000936468 lmt:TaicletMember 2020-01-01 2020-12-31 0000936468 lmt:HewsonMember 2020-01-01 2020-12-31 0000936468 2020-01-01 2020-12-31 0000936468 2020-06-15 2020-12-31 0000936468 2020-01-01 2020-06-14 0000936468 lmt:TaicletMember 2023-01-01 2023-12-31 0000936468 lmt:TaicletMember lmt:ChangeInPensionValueMember ecd:PeoMember 2023-01-01 2023-12-31 0000936468 lmt:StockAwardsAdjustmentMember lmt:TaicletMember ecd:PeoMember 2023-01-01 2023-12-31 0000936468 lmt:TaicletMember lmt:PensionServiceCostMember ecd:PeoMember 2023-01-01 2023-12-31 0000936468 lmt:TaicletMember ecd:PeoMember lmt:EquityAwardAdjustmentsMember 2023-01-01 2023-12-31 0000936468 lmt:TaicletMember lmt:ChangeInPensionValueMember ecd:PeoMember 2022-01-01 2022-12-31 0000936468 lmt:StockAwardsAdjustmentMember lmt:TaicletMember ecd:PeoMember 2022-01-01 2022-12-31 0000936468 lmt:TaicletMember lmt:PensionServiceCostMember ecd:PeoMember 2022-01-01 2022-12-31 0000936468 lmt:TaicletMember ecd:PeoMember lmt:EquityAwardAdjustmentsMember 2022-01-01 2022-12-31 0000936468 lmt:TaicletMember lmt:ChangeInPensionValueMember ecd:PeoMember 2021-01-01 2021-12-31 0000936468 lmt:StockAwardsAdjustmentMember lmt:TaicletMember ecd:PeoMember 2021-01-01 2021-12-31 0000936468 lmt:TaicletMember lmt:PensionServiceCostMember ecd:PeoMember 2021-01-01 2021-12-31 0000936468 lmt:TaicletMember ecd:PeoMember lmt:EquityAwardAdjustmentsMember 2021-01-01 2021-12-31 0000936468 lmt:TaicletMember lmt:ChangeInPensionValueMember ecd:PeoMember 2020-01-01 2020-12-31 0000936468 lmt:StockAwardsAdjustmentMember lmt:TaicletMember ecd:PeoMember 2020-01-01 2020-12-31 0000936468 lmt:TaicletMember lmt:PensionServiceCostMember ecd:PeoMember 2020-01-01 2020-12-31 0000936468 lmt:TaicletMember ecd:PeoMember lmt:EquityAwardAdjustmentsMember 2020-01-01 2020-12-31 0000936468 lmt:ChangeInPensionValueMember ecd:PeoMember lmt:HewsonMember 2020-01-01 2020-12-31 0000936468 lmt:StockAwardsAdjustmentMember ecd:PeoMember lmt:HewsonMember 2020-01-01 2020-12-31 0000936468 lmt:PensionServiceCostMember ecd:PeoMember lmt:HewsonMember 2020-01-01 2020-12-31 0000936468 ecd:PeoMember lmt:HewsonMember lmt:EquityAwardAdjustmentsMember 2020-01-01 2020-12-31 0000936468 ecd:NonPeoNeoMember lmt:ChangeInPensionValueMember 2023-01-01 2023-12-31 0000936468 lmt:StockAwardsAdjustmentMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000936468 ecd:NonPeoNeoMember lmt:PensionServiceCostMember 2023-01-01 2023-12-31 0000936468 ecd:NonPeoNeoMember lmt:EquityAwardAdjustmentsMember 2023-01-01 2023-12-31 0000936468 ecd:NonPeoNeoMember lmt:ChangeInPensionValueMember 2022-01-01 2022-12-31 0000936468 lmt:StockAwardsAdjustmentMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000936468 ecd:NonPeoNeoMember lmt:PensionServiceCostMember 2022-01-01 2022-12-31 0000936468 ecd:NonPeoNeoMember lmt:EquityAwardAdjust