Mark Lagrand Burns - Mar 7, 2023 Form 4 Insider Report for GENERAL DYNAMICS CORP (GD)

Role
Vice President
Signature
Nicholas R. Barnaby, by Power of Attorney
Stock symbol
GD
Transactions as of
Mar 7, 2023
Transactions value $
-$996,852
Form type
4
Date filed
3/9/2023, 03:21 PM
Previous filing
Mar 8, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GD Common Stock Award $0 +9.53K +17.24% $0.00 64.8K Mar 7, 2023 Direct F1
transaction GD Common Stock Tax liability -$997K -4.3K -6.63% $231.88 60.5K Mar 7, 2023 Direct F2
transaction GD Common Stock Award $0 +4.18K +6.9% $0.00 64.7K Mar 8, 2023 Direct F3
holding GD Common Stock 1.17K Mar 7, 2023 401(k) Plan F4

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 +30K $0.00 30K Mar 8, 2023 Common Stock 30K $227.58 Direct F5
* 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 2020. 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 Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.
F5 Fifty percent become exercisable on 03/08/2025 and the remaining fifty percent become exercisable on 03/08/2026.