General Dynamics (NYSE: GD) director receives stock grant in lieu of board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nye C Howard reported acquisition or exercise transactions in this Form 4 filing.
GENERAL DYNAMICS CORP director C. Howard Nye received 52 shares of Common Stock as a grant in lieu of cash director fees. The shares were valued at $359.85 per share on the transaction date. After this award, Nye directly holds 6,736 shares of General Dynamics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nye C Howard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 52 | $359.85 | $19K |
Holdings After Transaction:
Common Stock — 6,736 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 52 shares
Grant price: $359.85 per share
Shares owned after: 6,736 shares
3 metrics
Shares granted
52 shares
Common Stock grant to director C. Howard Nye
Grant price
$359.85 per share
Reported transaction price for the 52-share award
Shares owned after
6,736 shares
Total direct holdings after the grant
Key Terms
Grant, award, or other acquisition, outside directors' compensation program, Common Stock
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
outside directors' compensation program financial
"Reflects stock received in lieu of director fees in accordance with outside directors' compensation program."
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did GENERAL DYNAMICS (GD) disclose in this Form 4?
GENERAL DYNAMICS disclosed that director C. Howard Nye received 52 shares of Common Stock as a grant. The shares were issued in lieu of director fees under the outside directors' compensation program, increasing his direct holdings to 6,736 shares after the transaction.
Was the GENERAL DYNAMICS (GD) Form 4 transaction a stock purchase or a grant?
The Form 4 transaction was a stock grant, not an open-market purchase. Director C. Howard Nye received 52 shares as compensation in lieu of director fees, classified as a “Grant, award, or other acquisition” rather than a discretionary buy on the market.