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Lockheed Martin Executive Compensation (FY25)

LMT · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Lockheed Martin

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): May 13, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Lockheed Martin brief$1,500Get the executive brief
274 figures on this page: 263 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
James Taiclet
Median of the other named officers
$6,839,089
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee

More on Lockheed Martin

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — James Taiclet: $23,753,914 → $23,453,308 (1.3% lower)
Say-on-pay support: 92.9% → 91.7% (1.2 points lower)
CEO pay ratio: 189:1 → 180:1 (4.8% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Lockheed Martin's chief executive and what were they paid?
Total compensation for James Taiclet, Chairman, President and Chief Executive Officer, came to $23,453,308 in fiscal 2025. Taiclet's total moved 1.3% lower from the $23,753,914 reported for fiscal 2024.
What was Lockheed Martin's say-on-pay result?
Shareholders supported the say-on-pay proposal with 91.7% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Lockheed Martin's peer group?
The disclosed peer group includes 3M Company, Caterpillar Inc., Cisco Systems, Inc., Deere & Company and Dell Technologies, among others. The A&D Relative TSR Comparators names BAE Systems plc, L3Harris Technologies, Inc., Textron Inc. and TransDigm Group Incorporated.
What is Lockheed Martin's chief executive pay ratio?
The company reported a chief executive pay ratio of 180:1 for fiscal 2025, against median employee compensation of $130,614.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James D. Taiclet
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
Jesus Malave
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James D. Taiclet
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
Frank A. St. John
Chief Operating Officer
◇—◇—◇◇◇◇
Timothy Cahill
President, Missiles and Fire Control
◇—◇—◇◇◇◇
Gregory Ulmer
President, Aeronautics
◇—◇—◇◇◇◇
Jesus Malave
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James D. Taiclet
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
Frank A. St. John
Chief Operating Officer
◇—◇—◇—◇◇
Jesus Malave
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Stephanie Hill
Executive Vice President, Rotary and Mission Systems
◇—◇—◇—◇◇
Robert Lightfoot
President, Space
◇—◇—◇—◇◇
Timothy Cahill
President, Missiles and Fire Control
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Taiclet
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
Kevin O'Connor
Senior Vice President, General Counsel and Corporate Secretary
◇◇◇—◇—◇◇
Frank St. John
Chief Operating Officer
◇—◇—◇◇◇◇
Timothy Cahill
President, Missiles and Fire Control
◇—◇—◇◇◇◇
Jesus Malave
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Evan Scott
Chief Financial Officer
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Evan ScottRSU◇——◇——◇
Evan ScottPSU◇——◇——◇
Evan ScottMICP———————
Frank St. JohnPSU◇——◇——◇
Frank St. JohnMICP———————
Frank St. JohnRSU◇——◇——◇
James TaicletRSU◇——◇——◇
James TaicletMICP———————
James TaicletPSU◇——◇——◇
Jesus MalaveRSU◇—————◇
Jesus MalavePSU◇—————◇
Jesus MalaveMICP———————
Kevin O'ConnorRSU◇——◇——◇
Kevin O'ConnorMICP———————
Kevin O'ConnorPSU◇——◇——◇
Timothy CahillMICP———————
Timothy CahillPSU◇——◇——◇
Timothy CahillRSU◇——◇——◇
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Frank St. JohnRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Timothy CahillRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Evan ScottRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
James TaicletRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Kevin O'ConnorRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas J. Falk
Lead independent director
◇◇————◇
Patricia E. Yarrington
◇◇————◇
John M. Donovan
◇◇———◇◇
Joseph F. Dunford Jr
◇◇————◇
Debra L. Reed-Klages
◇◇———◇◇
Heather A. Wilson
◇◇———◇◇
Vicki A. Hollub
◇◇———◇◇
David B. Burritt
◇◇———◇◇
John C. Aquilino
◇◇————◇
Bruce A. Carlson
◇◇———◇◇
James D. Taiclet served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Caterpillar Inc. CAT
  • Cisco Systems, Inc. CSCO
  • Deere & Company DE
  • Dell Technologies DELL
  • FedEx Corporation FDX
  • GE Aerospace symbol not shown
  • General Dynamics Corporation GD
  • Honeywell International Inc. HON
  • HP Inc. HPQ
  • IBM Corporation IBM
  • Intel Corporation INTC
  • Northrop Grumman Corporation NOC
  • RTX Corporation RTX
  • The Boeing Company BA
  • United Parcel Service, Inc. UPS
  • Verizon VZ
A&D Relative TSR Comparators
  • BAE Systems plc BAESY
  • L3Harris Technologies, Inc. LHX
  • Textron Inc. TXT
  • TransDigm Group Incorporated TDG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 9, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 21, 2022=◇◇◇
2020April 22, 2021=◇◇◇
2019April 23, 2020=◇◇◇
2018April 25, 2019=◇◇◇
2017April 26, 2018=◇◇◇
2016April 27, 2017=◇◇◇
2015April 28, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Lockheed Martin disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lockheed Martin sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
274 figures on this page: 263 cited to the filing that reported them, 11 calculated from figures it prints.
263 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000936468-26-000011
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000936468-26-000004
    2025 Director Compensation Table · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0000936468-25-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000936468-25-000015
    Summary Compensation Table
  5. 0000936468-24-000058
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000936468-24-000032
    Summary Compensation Table
  7. 0000936468-23-000059
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000936468-23-000034
    Summary Compensation Table
  9. 0000936468-22-000050
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000936468-21-000047
  11. 0000936468-20-000059
  12. 0000936468-19-000025
  13. 0000936468-18-000025
  14. 0001193125-17-143103
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001193125-16-564210
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lockheed Martin executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LMT (accessed 2026).
Short form: data: Velarion

The paid brief for Lockheed Martin

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Lockheed Martin discloses

The companies named in LMT's own disclosed peer group.

3M CompanyCaterpillar Inc.Cisco Systems, Inc.Deere & CompanyDell TechnologiesFedEx CorporationGeneral Dynamics CorporationHoneywell International Inc.HP Inc.IBM CorporationIntel CorporationNorthrop Grumman CorporationRTX CorporationThe Boeing CompanyUnited Parcel Service, Inc.VerizonL3Harris Technologies, Inc.Textron Inc.TransDigm Group Incorporated

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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