Phebe N. Novakovic - 05 Mar 2024 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: 05 Mar 2024
Net transactions value: -$9,125,088
Form type: 4
Filing time: 07 Mar 2024, 16:35:19 UTC
Previous filing: 06 Mar 2024
Next filing: 02 Apr 2024
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	+73,598	+9.6%	$0.000000	839,815	05 Mar 2024	Direct	F1
transaction	GD	Common Stock	Tax liability	$9,125,088	-33,193	-4%	$274.91	806,622	05 Mar 2024	Direct	F2
transaction	GD	Common Stock	Award	$0	+12,205	+1.5%	$0.000000	818,827	06 Mar 2024	Direct	F3
holding	GD	Common Stock						30,000	05 Mar 2024	By LLC	F4
holding	GD	Common Stock						5,677	05 Mar 2024	401(k) Plan	F5

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	+83,170		$0.000000	83,170	06 Mar 2024	Common Stock	83,170	$274.51	Direct	F6

* 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 2021. 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 restricted shares.
F3	Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
F4	Represents shares held by a limited liability company for which the Reporting Person serves as manager and the members of which are trusts for the benefit of the Reporting Person's children.
F5	Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
F6	Fifty percent become exercisable on 03/06/2026 and the remaining fifty percent become exercisable on 03/06/2027.