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...

Number of Employees

122K

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.

SEC Filing

From March 12, 2021

Marillyn A. Hewson

Ex-CEO of Lockheed Martin

MA

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

Born

September 27, 1956 - 68 years ago

Is Founder?

No

Tenure

6 years 5 months (Jan 2014 - Jun 2020)

Previous Experience

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