Gregory S. Gallopoulos - 07 Mar 2023 Form 4 Insider Report for GENERAL DYNAMICS CORP (GD)

Role: Senior VP, Gen. Counsel, Sec.
Signature: Nicholas R. Barnaby, by Power of Attorney
Issuer symbol: GD
Transactions as of: 07 Mar 2023
Net transactions value: -$897,376
Form type: 4
Filing time: 09 Mar 2023, 15:30:37 UTC
Previous filing: 08 Mar 2023
Next filing: 15 Aug 2023
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	+8,580	+7.7%	$0.000000	120,584	07 Mar 2023	Direct	F1
transaction	GD	Common Stock	Tax liability	$897,376	-3,870	-3.2%	$231.88	116,714	07 Mar 2023	Direct	F2
transaction	GD	Common Stock	Award	$0	+3,105	+2.7%	$0.000000	119,819	08 Mar 2023	Direct	F3
holding	GD	Common Stock						15,000	07 Mar 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	+29,790		$0.000000	29,790	08 Mar 2023	Common Stock	29,790	$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.