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Marillyn A. Hewson served as the CEO of Lockheed Martin, one of the world’s largest aerospace and defense companies, from January 2013 until June 2020. With a career that spans over 35 years at Lockheed Martin, she climbed the ranks...

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Marillyn A. Hewson

Ex-CEO of Lockheed Martin

Education

Bachelor's degree in Business Administration from the University of Alabama; MBA from the University of Alabama at Birmingham

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

September 27, 1956 - 68 years ago

CEO of Lockheed Martin for

6 years 5 months (Jan 2014 - Jun 2020)

Previous Experience

Executive Vice President - Electronic Systems, President and COO at Lockheed Martin

Holdings

See how much did Marillyn A. Hewson make over time.

In 2020, Marillyn A. Hewson discovered herself holding over $3.3 million worth of Lockheed Martin stock, with about 39,624 shares directly owned. This stock ownership was a testament to her deep connection to the company she devoted nearly 35 years...

Mar 17, 2025

Total Stock Sold

$85.59M

LMT

$85.59M

326,279.354 LMT shares

What if they kept their stock?

If Marillyn A. Hewson didn't sell their stock, today they would have:
Extra LMT326,279.354 shares worth $116.25M.
This is 35.82% and $30.66M more than what they got when they sold the stock.

Charitable Transactions

LMT

53,500 shares

LMT

Recent Charitable Transactions

LMT

50,000 shares

LMT

Jul 27, 2018

Charity

LMT

3,500 shares

LMT

Jan 29, 2018

Charity

Insider Trading

See recent insider trades of Marillyn A. Hewson.

CVX

1,477 shares

CVX

May 29, 2024

Received

CVX

1,534 shares

CVX

May 31, 2023

Received

CVX

1,303 shares

CVX

May 25, 2022

Received

CVX

2,166 shares

CVX

May 26, 2021

Received

LMT

31,792 shares

LMT

Feb 22, 2021

Received

CVX

$304.68K

CVX at $95.21/share

Feb 18, 2021

Purchase

CVX

1,061 shares

CVX

Jan 1, 2021

Received

LMT

$9.60M

LMT at $436.29/share

Jan 29, 2020

Sale

LMT

$16.99M

LMT at $432.50/share

Jan 26, 2020

Received

LMT

$7.20M

LMT at $369.16/share

Jul 25, 2019

Sale

Compensation History

See how much did Marillyn A. Hewson make over time.

Marillyn A. Hewson’s compensation during her tenure as CEO was a hot topic. In 2020, she earned a whopping $264 million, breaking down to a base salary of $1.87 million, an impressive bonus of $10.64 million, and nearly $12.8 million in vested stock. This kind of pay denotes a performance-driven culture where the CEO's income closely linked to the company's results. Interestingly, her bonus reflected double the target due to the company's strong performance in that year. Over the years, her compensation maintained a consistent pattern of aligning executive pay with company achievements, reflecting a forward-thinking approach that many in the business world study.

Year

2020

Total Compensation

$26.05M

Salary

$1.88M

Board Justification

Lockheed Martin's compensation philosophy is to attract and retain critical executive talent, motivate behaviors that align with stockholders’ interests, and pay for performance, with a significant portion of compensation being variable and contingent on performance.

Bonus

$10.64M

Board Justification

Annual incentive bonus paid under the Lockheed Martin Corporation Amended and Restated 2006 Management Incentive Compensation Plan (MICP), reflecting performance for the year 2020.

Other

$719.07K

Board Justification

Includes perquisites and other personal benefits provided to the NEOs in 2020, including security, relocation benefits, annual executive physicals, and use of corporate aircraft for personal travel.

Restricted Stock

$12.82M(12.82M RSUs and PSUs)

Board Justification

Represents the aggregate grant date fair value computed in accordance with FASB Accounting Standards Codification (ASC) Topic 718 for RSUs and PSUs granted in 2020, disregarding potential forfeitures based on service requirements.

Performance Metrics

Performance metrics for the CEO's compensation in 2020 included financial targets such as sales, segment operating profit, and cash from operations, as well as strategic and operational goals.