Lockheed Martin COO Sells Nearly 100% of Direct Common Stock Holdings

Executive Summary

On October 23, 2026, Frank A. St. John, Chief Operating Officer of Lockheed Martin Corporation ($LMT), executed open-market sales totaling 3,899 shares of common stock. Following the transactions, Mr. St. John holds just 0.468 shares directly, effectively liquidating 99.99% of his direct equity position in the company.

Transaction Breakdown

The dispositions took place in three separate tranches on October 23, 2026:

1. 720 shares sold across a weighted-average price range of $601.14 to $602.04.
2. 1,160 shares sold across a weighted-average price range of $600.00 to $600.83.
3. 2,019 shares sold across a weighted-average price range of $602.22 to $602.98.

Across the midpoint of these transaction ranges (~$601.50), the estimated aggregate proceeds total approximately $2.345 million.

Ownership Impact & Governance Observations

• Pre-Transaction Holdings: ~3,899.47 shares
• Post-Transaction Holdings: 0.468 shares
• Net Change: Reduction of nearly 100% of direct ownership.
• Rule 10b5-1 Indicator: The filing specifies 0 for the aff10b5One tag, indicating that these sales were not executed under an adopted Rule 10b5-1 pre-scheduled trading plan.

Significance & Market Context

Given that the seller is the Chief Operating Officer and disposed of essentially his entire direct stock position in discretionary open-market sales rather than under a pre-scheduled trading plan, this filing carries High significance. Investors typically scrutinize near-total direct equity liquidations by C-suite executives closely.