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The charts on this page feature a breakdown of the total annual pay for the top executives at LOCKHEED MARTIN CORP as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. LOCKHEED MARTIN CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. LOCKHEED MARTIN CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Frank A. St. John
Chief Operating Officer
Total Cash $3,978,739 Equity $5,081,551 Other $495,840 Total Compensation $9,556,130
James D. Taiclet
Chairman, President and Chief Executive Officer
Total Cash $8,406,900 Equity $13,008,681 Other $1,398,194 Total Compensation $22,813,775
Gregory M. Ulmer
President, Aeronautics
Total Cash $3,135,608 Equity $3,414,828 Other $238,794 Total Compensation $6,789,230
Jesus Malave
Chief Financial Officer
Total Cash $2,419,308 Equity $4,065,426 Other $174,522 Total Compensation $6,659,256
Timothy S. Cahill
President, Missiles and Fire Control
Total Cash $2,767,505 Equity $3,414,828 Other $734,879 Total Compensation $6,917,212
For its 2023 fiscal year, LOCKHEED MARTIN CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
James D. Taiclet CEO Pay $22,813,775 Median Employee Pay $121,901 CEO Pay Ratio 187:1
For its 2023 fiscal year, LOCKHEED MARTIN CORP, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Bruce A. Carlson Total Cash $341,012
Daniel F. Akerson Total Cash $420,184
David B. Burritt Total Cash $340,000
Debra L. Reed-Klages Total Cash $340,000
Ilene S. Gordon Total Cash $362,889
James O. Ellis, Jr. Total Cash $351,083
Jeh C. Johnson Total Cash $340,000
John M. Donovan Total Cash $361,000
Joseph F. Dunford, Jr. Total Cash $356,667
Patricia E. Yarrington Total Cash $341,569
Thomas J. Falk Total Cash $385,994
Vicki A. Hollub Total Cash $340,000

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.