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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lockheed Martin Corp | NYSE:LMT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.285 | 0.06% | 462.195 | 463.4999 | 460.18 | 463.16 | 380,314 | 19:31:47 |
From May 2019 to May 2024
By Doug Cameron
Lockheed Martin Corp. Chief Executive Marillyn Hewson saw her total compensation more than double last year to $25.2 million as she completed her first 12 months in charge of the world's largest defense contractor by revenue.
The company said in its annual proxy filing Friday it had exceeded three of the four financial targets used to determine executive incentives, and achieved its sales goal.
Ms. Hewson's total compensation climbed to $25.2 million from $11.4 million in 2012, when she was elevated to chief operating officer before her surprise promotion to CEO following the resignation of the planned successor to then-CEO and chairman Robert Stevens. Ms. Hewson added the chairmanship at the start of 2014.
Almost $7.5 million in additional stock awards, together with higher pension and incentive payments, drove Ms. Hewson's compensation higher. Her base salary rose to $1.37 million from almost $740,000 a year earlier, and is set to rise another 10.6% in 2014.
Boeing Co. on Friday said total compensation for CEO Jim McNerney fell almost 10% from a year earlier to $23.3 million million from $27.5 million, excluding stock option exercises, as a $6.4 million decline in pension value outweighing a $2.1 million rise in a long-term performance award. His basic pay remained stable at $1.93 million, while stock and option awards were also in line with 2012.
In the latest proxy filing, Boeing said Mr. McNerney's "actual compensation realized," or take-home pay, for 2013 was $39.2 million, up from $20.1 million a year earlier. This figure includes exercised options and vested stock awards, but excludes changes in pension value and perks.
Write to Doug Cameron at doug.cameron@wsj.com
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