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Robert J. Stevens has been a key figure at Lockheed Martin, leading the company as CEO from 2004 until the end of 2012. After stepping down, he continued as Executive Chairman and then became a Strategic Advisor to the new...

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Robert J. Stevens

Ex-CEO of Lockheed Martin

Education

Bachelor's degree in Industrial Engineering from the University of Florida

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

July 4, 1951 - 73 years ago

CEO of Lockheed Martin for

8 years 4 months (Aug 2004 - Dec 2012)

Previous Experience

President and COO, CFO at Lockheed Martin

Holdings

See how much did Robert J. Stevens make over time.

Stevens has a deep investment in Lockheed Martin, owning 208,086 shares of the company. This stock was valued at over $119 million, showcasing his strong confidence in its growth and stability. His wealth peaked while he was CEO, and he...

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Total Stock Sold

$136.37M

LMT

$136.37M

1,405,000 LMT shares

What if they kept their stock?

If Robert J. Stevens didn't sell their stock, today they would have:
Extra LMT1,405,000 shares worth $516.34M.
This is 278.63% and $379.97M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Robert J. Stevens.

LMT

$97.28M

LMT at $101.86/share

May 8, 2013

Sale

LMT

$39.45M

LMT at $87.67/share

May 4, 2012

Sale

Compensation History

See how much did Robert J. Stevens make over time.

Stevens' compensation reflected a performance-based approach common in high-stakes corporate environments. In 2012, his total earnings reached $2,762,444, where most came from his $1.8 million salary and a bonus of $4.9 million. This structure incentivized him to align his decisions with the company's success, as no stock awards vested during this time. Instead, he focused on cash-based incentives to ensure motivation for achieving operational goals. His pay history shows a trend of significant bonuses tied to the company's performance metrics, solidifying his commitment to high standards in leadership and company performance.

Year

2012

Total Compensation

$8.35M

Salary

$1.80M

Board Justification

The compensation philosophy is designed to align pay with performance, with a significant portion of total compensation being performance-based and linked to the Corporation's financial and operational goals.

Bonus

$4.91M

Board Justification

Annual incentive bonuses are reported in the year the bonus is earned. The Compensation Committee uses discretion to assess performance against objectives established at the beginning of the year.

Other

$1.64M

Board Justification

Other compensation includes tax assistance for business-related items, matching contributions to retirement plans, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2012 as the focus is on cash compensation and performance-based incentives.

Performance Metrics

The performance metrics for determining the compensation included financial, strategic, and operational goals, with a focus on total stockholder return and operational efficiency.