Lockheed Martin (LMT) executive compensation, 2026 proxy

James D. Taiclet, Chairman, President and Chief Executive Officer, was paid $23.5M in 2025, down 1% from $23.8M the year before. The CEO-to-median-employee pay ratio was 180:1, on median employee pay of $130,614.

Filed
March 26, 2026
Annual meeting
May 12, 2026
Pay year
2025
Named executives
6
CEO total pay
$23.5M-1% vs prior year
CEO to median employee
180:1median $130,614
CEO pay in equity
58%$13.7M in awards
Prior say-on-pay support
92%of votes cast
CEO Total Compensation
$23.5MDecrease from prior year
Pay Ratio
180:1CEO to median employee
Median Employee Pay
$130,614Annual total compensation
Say-on-Pay Support
92%Prior year approval

How Taiclet was paid

$23.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary7%Stock awards58%Non-equity incentive23%All other compensation11%

Named executive officers

ExecutiveTotal
James D. TaicletChairman, President and Chief Executive Officer$23,453,308
Evan T. ScottChief Financial Officer$2,769,284
Frank A. St. JohnChief Operating Officer$9,861,161
Timothy S. CahillPresident, Missiles and Fire Control$6,839,089
Kevin J. O’ConnorSenior Vice President, General Counsel and Corporate Secretary$12,696,720
Jesus MalaveFormer Chief Financial Officer$4,838,865

What changed and why

  • $23.5MCEO total compensation decreased to $23,453,308 in 2025 from $23,753,914 in 2024.
  • 92%Stockholders approved the 2025 say-on-pay proposal with more than 92% support.
  • Kevin J. O’Connor was appointed Senior Vice President, General Counsel and Corporate Secretary in January 2025.
  • Evan T. Scott was appointed Chief Financial Officer in April 2025, succeeding Jesus Malave.
  • $6.9BFree cash flow reached $6.9 billion alongside a record backlog of nearly $194 billion.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.