General Dynamics (NYSE: GD) EVP receives major stock awards and options

Rhea-AI Filing Summary

General Dynamics Executive Vice President Mark Lagrand Burns reported equity compensation changes dated March 4, 2026. He received 20,880 stock options, with half becoming exercisable on March 4, 2028 and the remainder on March 4, 2029.

He was also granted a total of 17,505 shares of Common Stock at no cost through awards, including performance stock units originally granted in 2023 and restricted stock subject to service-based vesting. To cover tax obligations on the PSU release, 6,354 shares of Common Stock were disposed of through share withholding at a price of $362.35 per share, rather than an open-market sale.

After these transactions, he directly owned 50,996.154 shares of Common Stock. Indirect holdings included 1,242.49 shares in a General Dynamics 401(k) plan and 33,670 shares held by a trust, reflecting ongoing plan and trust activity since his prior report.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Burns Mark Lagrand

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Stock Options	20,880	$0.00	--
Grant/Award	Common Stock	14,200	$0.00	--
Tax Withholding	Common Stock	6,354	$362.35	$2.30M
Grant/Award	Common Stock	3,305	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 20,880 shares (Direct); Common Stock — 54,045.154 shares (Direct); Common Stock — 1,242.49 shares (Indirect, 401(k) Plan)

Footnotes (1)

1. Represents performance stock units (PSUs) originally granted in 2023. 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. The amount reported also includes the correction of an inadvertent mathematical error in Reporting Person's last ownership report. Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs. Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report. Fifty percent become exercisable on 03/04/2028 and the remaining fifty percent become exercisable on 03/04/2029.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Burns Mark Lagrand

(Last) (First) (Middle)

C/O GENERAL DYNAMICS CORPORATION

11011 SUNSET HILLS ROAD

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GENERAL DYNAMICS CORP [ GD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		A(1)		14,200	A	$0	54,045.154(2)	D
Common Stock	03/04/2026		F(3)		6,354	D	$362.35	47,691.154	D
Common Stock	03/04/2026		A(4)		3,305	A	$0	50,996.154	D
Common Stock								1,242.49(5)	I	401(k) Plan
Common Stock								33,670	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$363.02	03/04/2026		A		20,880		(6)	03/03/2036	Common Stock	20,880	$0	20,880	D

Explanation of Responses:

1. Represents performance stock units (PSUs) originally granted in 2023. 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.

2. The amount reported also includes the correction of an inadvertent mathematical error in Reporting Person's last ownership report.

3. Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs.

4. Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.

5. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.

6. Fifty percent become exercisable on 03/04/2028 and the remaining fifty percent become exercisable on 03/04/2029.

	Nicholas R. Barnaby, by Power of Attorney	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What equity awards did General Dynamics (GD) executive Mark Lagrand Burns receive?

Mark Lagrand Burns received 20,880 stock options and 17,505 shares of Common Stock. The stock awards include performance stock units from 2023 and restricted stock, providing both long-term incentives and time-based vesting aligned with General Dynamics’ executive compensation structure.

Were any General Dynamics (GD) shares sold by Mark Lagrand Burns in this Form 4?

Shares were disposed of only to cover tax obligations, not via an open-market sale. Specifically, 6,354 Common shares were withheld at $362.35 per share to satisfy tax liabilities on the release of performance stock units.

How many General Dynamics (GD) shares does Mark Lagrand Burns own after these transactions?

After these transactions, he directly owned 50,996.154 General Dynamics Common shares. He also had indirect ownership of 1,242.49 shares through a 401(k) plan and 33,670 shares held by a trust associated with him.

When do Mark Lagrand Burns’ new General Dynamics (GD) stock options vest?

The 20,880 stock options vest in two equal installments in 2028 and 2029. Fifty percent become exercisable on March 4, 2028, and the remaining fifty percent become exercisable on March 4, 2029, reinforcing multi-year retention incentives.

What do the performance stock units mean for General Dynamics (GD) EVP Burns?

The performance stock units reflect a 2023 grant that has met its performance criteria. Additional units and accrued dividend equivalents were issued, require no further service-based vesting, and are settled in General Dynamics Common Stock, directly increasing his share-based compensation.

How are indirect General Dynamics (GD) holdings reported for Mark Lagrand Burns?

Indirect holdings are reported separately for a 401(k) plan and a trust. The Form 4 lists 1,242.49 Common shares in the General Dynamics 401(k) plan and 33,670 Common shares held by a trust, showing ownership through these entities.