Marguerite Amy Gilliland - 07 Mar 2023 Form 4 Insider Report for GENERAL DYNAMICS CORP (GD)

Role
Senior Vice President
Signature
Nicholas R. Barnaby, by Power of Attorney
Issuer symbol
GD
Transactions as of
07 Mar 2023
Net transactions value
-$284,749
Form type
4
Filing time
09 Mar 2023, 15:33:20 UTC
Previous filing
08 Mar 2023
Next filing
21 Apr 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 +2,722 +5.1% $0.000000 55,705 07 Mar 2023 Direct F1
transaction GD Common Stock Tax liability $284,749 -1,228 -2.2% $231.88 54,477 07 Mar 2023 Direct F2
transaction GD Common Stock Award $0 +3,180 +5.8% $0.000000 57,657 08 Mar 2023 Direct F3
holding GD Common Stock 770 07 Mar 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 +30,500 $0.000000 30,500 08 Mar 2023 Common Stock 30,500 $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.