Updated April 2026 · SEC DEF 14A data
Jim Taiclet
Chief Executive Officer at Lockheed Martin · Aerospace & Defense
Jim Taiclet serves as Chief Executive Officer of Lockheed Martin. Total compensation: $18.1M. CEO compensation at U.S. public companies is disclosed via the SEC DEF 14A proxy statement, including base salary, stock and option awards, performance-tied incentives, and "other compensation" that captures perquisites and post-employment benefits.
Substantial compensation packages at this level are typical of senior executives at large public companies. The mix usually skews equity-heavy, with multi-year vesting schedules tying actual realized comp to forward performance. The CEOPay executive page surfaces the per-year compensation history (where multi-year disclosure exists), the breakdown by award type, and the per-company context for the role. Cross-executive comparisons within a single company are most useful for understanding internal pay structure.
Jim Taiclet, Chief Executive Officer at Lockheed Martin, was reported with $18.1M in total compensation for fiscal year 2021. This is the bottom-line "Total" figure from the Summary Compensation Table in the company's SEC DEF 14A proxy statement, captured from the filing's machine-readable iXBRL data. The line-item split into salary, stock awards, options, and other components is disclosed inside the same proxy and is not reproduced or estimated on this page.
Total Compensation
Fiscal year 2021 · SEC-disclosed total
Component Breakdown
The salary / bonus / stock / option split is disclosed inside Lockheed Martin’s DEF 14A Summary Compensation Table. This dataset captures only the SEC-disclosed headline Total — the line-item breakdown is not reproduced or estimated here. View the source DEF 14A →
Jim Taiclet Net Worth: $18.1M in SEC-Disclosed Pay
Jim Taiclet has earned $18.1M in cumulative total compensation across the 1 fiscal year of disclosure on file (2021) as Chief Executive Officer at Lockheed Martin. That figure — the sum of every Summary Compensation Table entry the company has filed under SEC Regulation S-K Item 402 — is a defensible floor for an estimated net worth conversation: it is in the seven-to-eight-figure range based on disclosed pay alone; actual net worth depends materially on what fraction of vested equity Jim Taiclet chose to hold versus sell, plus the share-price trajectory of Lockheed Martin over the same window. Jim Taiclet's actual net worth is not directly disclosed in SEC filings; it would require reconciling this cumulative pay with current beneficial ownership, prior open-market stock sales (reported on Form 4), exercised options, taxes paid, and personal investments outside the company.
Beneficial ownership — the actual share count Jim Taiclet controls — is disclosed separately in the same DEF 14A in the “Security Ownership of Certain Beneficial Owners and Management” table, with insider transactions reported on SEC Form 4 within two business days of any open-market trade. To estimate Jim Taiclet’s current net worth from public filings alone, combine cumulative disclosed compensation above with current Lockheed Martin share count × share price, subtract option exercises and stock sales already reported on Form 4, then adjust for taxes (typically 35–50% of vested equity value at grant) and any disclosed personal investments.
What Jim Taiclet's Pay Tells Us
Jim Taiclet earns $18.1M as Chief Executive Officer at Lockheed Martin — eight-figure compensation that places them comfortably above the median S&P 500 named executive officer. Stock awards and long-term incentives typically account for most of the package, with annual cash incentives reflecting near-term operational performance.
The figure above is the single headline "Total" compensation number disclosed for the most recent fiscal year — the bottom-line total from Lockheed Martin's SEC DEF 14A Summary Compensation Table, captured from the filing's machine-readable iXBRL data. The line-item split into base salary, bonus, stock awards, option awards, non-equity incentive, pension change, and other compensation is published inside the same proxy statement; this page does not reproduce that breakdown and does not estimate it. To see the exact mix, open the source DEF 14A on SEC EDGAR (linked below).
Total Compensation History
| Fiscal Year | Total Compensation (SEC-disclosed) |
|---|---|
| 2021 | $18.1M |
Figures are the headline “Total” from each year’s SEC DEF 14A Summary Compensation Table. The line-item salary / bonus / stock / option split is disclosed in the source proxy and is not reproduced or estimated here.
Compensation history covers a single fiscal year (2021) of disclosed total compensation. Multi-year tenure history will appear here as additional DEF 14A filings reach the SEC EDGAR system.
How These Numbers Are Reported
The compensation figure on this page is the headline “Total” from the SEC DEF 14A proxy statement that Lockheed Martin filed with the U.S. Securities and Exchange Commission ahead of its most recent annual shareholder meeting, captured from the filing’s machine-readable iXBRL data (tag ecd:PeoTotalCompAmt). The proxy is freely available on the SEC’s EDGAR system. Inside it, the Summary Compensation Table also reports the per-line-item split — salary, bonus, stock awards, option awards, non-equity incentive plan compensation, change in pension and nonqualified deferred compensation earnings, and all other compensation. This page reproduces only the disclosed Total and does not break it into those line items or estimate them. To read the exact mix, open the source filing directly: Lockheed Martin DEF 14A.
Stock awards and option awards are reported at grant-date fair value under FASB ASC 718, which is an accounting estimate at the time of grant rather than realized pay. Realized pay — what the executive actually banked — appears in the separate "Option Exercises and Stock Vested" table inside the same DEF 14A. Both views matter: the grant-date number is what the board approved, the realized number is what actually flowed to the executive in a given year. Read the full methodology for inputs, weights, and how each line item is sourced.
Authoritative governance context: Institutional Shareholder Services (ISS) and Glass Lewis publish the proxy-advisor frameworks most institutional shareholders use to evaluate pay alignment against company performance.
Frequently Asked Questions
How much does Jim Taiclet earn?
Jim Taiclet earned $18.1M in total compensation as Chief Executive Officer at Lockheed Martin in fiscal year 2021, as disclosed in the company's most recent SEC DEF 14A proxy statement. Jim Taiclet earns $18.1M as Chief Executive Officer at Lockheed Martin — eight-figure compensation that places them comfortably above the median S&P 500 named executive officer. Stock awards and long-term incentives typically account for most of the package, with annual cash incentives reflecting near-term operational performance.
What is Jim Taiclet's pay package made of?
Jim Taiclet's reported total of $18.1M is the single headline "Total" figure from the Summary Compensation Table. The figure above is the single headline "Total" compensation number disclosed for the most recent fiscal year — the bottom-line total from Lockheed Martin's SEC DEF 14A Summary Compensation Table, captured from the filing's machine-readable iXBRL data. The line-item split into base salary, bonus, stock awards, option awards, non-equity incentive, pension change, and other compensation is published inside the same proxy statement; this page does not reproduce that breakdown and does not estimate it. To see the exact mix, open the source DEF 14A on SEC EDGAR (linked below).
What is Jim Taiclet's net worth?
Jim Taiclet has earned $18.1M in cumulative total compensation across the 1 fiscal year of disclosure on file (2021) as Chief Executive Officer at Lockheed Martin. That figure — the sum of every Summary Compensation Table entry the company has filed under SEC Regulation S-K Item 402 — is a defensible floor for an estimated net worth conversation: it is in the seven-to-eight-figure range based on disclosed pay alone; actual net worth depends materially on what fraction of vested equity Jim Taiclet chose to hold versus sell, plus the share-price trajectory of Lockheed Martin over the same window. Jim Taiclet's actual net worth is not directly disclosed in SEC filings; it would require reconciling this cumulative pay with current beneficial ownership, prior open-market stock sales (reported on Form 4), exercised options, taxes paid, and personal investments outside the company.
Where does this compensation data come from?
Every figure on this page is sourced from the SEC DEF 14A proxy statement that Lockheed Martin filed with the U.S. Securities and Exchange Commission ahead of its most recent annual shareholder meeting. The Summary Compensation Table inside the filing is the authoritative document, available on the SEC EDGAR system at https://www.sec.gov/edgar.shtml. Equity values follow FASB ASC 718 grant-date fair-value accounting; pension changes reflect the year-over-year actuarial revision required by Regulation S-K Item 402.
How has Jim Taiclet's pay changed over time?
Compensation history covers a single fiscal year (2021) of disclosed total compensation. Multi-year tenure history will appear here as additional DEF 14A filings reach the SEC EDGAR system.
How is Jim Taiclet's compensation reported to the SEC?
Jim Taiclet's total compensation is the headline "Total" figure from the Summary Compensation Table in Lockheed Martin's SEC DEF 14A proxy statement, captured from the filing's machine-readable iXBRL data (tag ecd:PeoTotalCompAmt). Equity awards inside that total are reported at FASB ASC 718 grant-date fair value rather than realized pay. We report the disclosed total only and never estimate the line-item split.
Source: U.S. Securities and Exchange Commission, DEF 14A proxy filings via EDGAR. Public domain.
Last updated 2026-04-06 · 1 fiscal years of compensation history on file.