General Dynamics (GD) president uses 1,184 shares to cover tax obligations
Rhea-AI Filing Summary
General Dynamics Corp President Danny Deep reported a tax-related share disposition. On the transaction date, 1,184 shares of Common Stock were withheld at $359.79 per share to satisfy tax obligations tied to the release of restricted shares under the company’s equity compensation plan.
After this withholding, Deep directly holds 34,550.58 shares of General Dynamics Common Stock, indicating this was a routine compensation and tax-settlement event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,184 shares
Net Sell
1 txn
Insider
Deep Danny
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,184 | $359.79 | $426K |
Holdings After Transaction:
Common Stock — 34,550.58 shares (Direct)
Footnotes (1)
- F1. Represents the withholding of shares of Common Stock under the General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations in connection with the release of restricted shares.
FAQ
What did General Dynamics (GD) President Danny Deep report on this Form 4?
Danny Deep reported a tax-related share disposition, where 1,184 General Dynamics Common Stock shares were withheld. The withholding satisfied tax obligations triggered by the release of restricted shares under the company’s equity compensation plan, rather than reflecting an open-market sale or discretionary trading.
What does transaction code F mean in this General Dynamics (GD) Form 4?
Transaction code F indicates a disposition to pay an exercise price or tax liability by delivering securities. In this case, 1,184 General Dynamics shares were withheld to satisfy tax obligations tied to restricted share release, aligning with standard equity compensation and tax-settlement mechanics.
AI-generated analysis. How Rhea-AI works. Not financial advice.