Phebe N. Novakovic - 04 Mar 2025 Form 4 Insider Report for GENERAL DYNAMICS CORP (GD)

Role: Chairman and CEO, Director
Signature: Nicholas R. Barnaby, by Power of Attorney
Issuer symbol: GD
Transactions as of: 04 Mar 2025
Net transactions value: -$13,960,511
Form type: 4
Filing time: 06 Mar 2025, 16:45:47 UTC
Previous filing: 05 Mar 2025
Next filing: 02 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GD	Common Stock	Award	$0	+46,675	+6.1%	$0.000000	809,843	04 Mar 2025	Direct	F1
transaction	GD	Common Stock	Tax liability	$5,345,901	-21,051	-2.6%	$253.95	788,792	04 Mar 2025	Direct	F2
transaction	GD	Common Stock	Award	$0	+13,510	+1.7%	$0.000000	802,302	05 Mar 2025	Direct	F3
transaction	GD	Common Stock	Sale	$8,614,609	-32,695	-4.1%	$263.48	769,607	05 Mar 2025	Direct	F4
holding	GD	Common Stock						5,791	04 Mar 2025	401(k) Plan	F5
holding	GD	Common Stock						30,000	04 Mar 2025	By LLC	F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GD	Stock Options	Award	$0	+84,160		$0.000000	84,160	05 Mar 2025	Common Stock	84,160	$257.55	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents performance stock units (PSUs) originally granted in 2022. Includes additional units issued upon achievement of the performance criteria, as well as accrued dividend equivalents. No further service-based vesting is required. The PSUs and dividend equivalents are settled in shares of Common Stock.
F2	Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs.
F3	Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
F4	Sale prices ranged from $263.01 to $263.99. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
F5	Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
F6	Represents shares held by a limited liability company for which the Reporting Person serves as a manager and the members of which are trusts for the benefit of the Reporting Person's children.
F7	Fifty percent become exercisable on 03/05/2027 and the remaining fifty percent become exercisable on 03/05/2028.