Gregory S. Gallopoulos - Mar 7, 2023 Form 4 Insider Report for GENERAL DYNAMICS CORP (GD)

Role: Senior VP, Gen. Counsel, Sec.
Signature: Nicholas R. Barnaby, by Power of Attorney
Stock symbol: GD
Transactions as of: Mar 7, 2023
Transactions value $: -$897,376
Form type: 4
Date filed: 3/9/2023, 03:30 PM
Previous filing: Mar 8, 2023
Next filing: Aug 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GD	Common Stock	Award	$0	+8.58K	+7.66%	$0.00	121K	Mar 7, 2023	Direct	F1
transaction	GD	Common Stock	Tax liability	-$897K	-3.87K	-3.21%	$231.88	117K	Mar 7, 2023	Direct	F2
transaction	GD	Common Stock	Award	$0	+3.11K	+2.66%	$0.00	120K	Mar 8, 2023	Direct	F3
holding	GD	Common Stock						15K	Mar 7, 2023	By Trust

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	+29.8K		$0.00	29.8K	Mar 8, 2023	Common Stock	29.8K	$227.58	Direct	F4

* 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	Fifty percent become exercisable on 03/08/2025 and the remaining fifty percent become exercisable on 03/08/2026.