General Dynamics (GD) Director Receives 47 Shares as Fee Payment

Rhea-AI Filing Summary

Rudy F. De Leon, a director of General Dynamics Corporation (GD), received 47 shares of Common Stock as payment for outside director fees on 09/16/2025 at an indicated price of $326.97 per share. After this transaction he beneficially owned 5,530 shares reported as direct ownership. The Form 4 was signed by Nicholas R. Barnaby by power of attorney on 09/18/2025. The filing states the shares were issued in lieu of cash under the outside directors' compensation program.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation granted in stock aligns a director's pay with shareholder interests; no unexpected dispositions or red flags.

The Form 4 documents a non-derivative acquisition of 47 common shares by Director Rudy F. De Leon on 09/16/2025, received instead of cash under the company's outside directors' compensation program. The transaction increases the director's direct beneficial stake to 5,530 shares. This is a standard disclosure under Section 16 and reflects compensation governance practice rather than a market-timing trade. The filing is executed by a power of attorney, which is common for timely Section 16 reporting. There is no indication of sales, option exercises, or material changes to ownership beyond the fee-issued shares.

Securities Compliance Analyst

TL;DR: Filing is a routine, compliant Form 4 reporting an acquisition of shares as director compensation; no compliance issues apparent.

The report clearly lists transaction code A(1) for acquisition and states the economic form (stock in lieu of fees). The reported price per share is $326.97 and the transaction date is 09/16/2025. The Form 4 was signed via power of attorney on 09/18/2025. From a compliance perspective, the disclosure meets typical requirements: transaction type, amount acquired, resulting beneficial ownership, and signature. There are no derivative transactions or unusual ownership structures reported.

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

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

1. Name and Address of Reporting Person^*

DE LEON RUDY F

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

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	09/16/2025		A(1)		47	A	$326.97	5,530	D

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

Explanation of Responses:

1. Reflects stock received in lieu of director fees in accordance with outside directors' compensation program.

	Nicholas R. Barnaby, by Power of Attorney	09/18/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did GD director Rudy F. De Leon report on Form 4 (GD)?

The Form 4 reports that Rudy F. De Leon acquired 47 shares of General Dynamics common stock on 09/16/2025 as director compensation in lieu of cash.

How many shares does Rudy F. De Leon beneficially own after the reported transaction?

Following the reported acquisition, he beneficially owned 5,530 shares reported as direct ownership.

What was the reported price per share for the shares issued to the director?

The Form 4 lists a price of $326.97 per share for the reported transaction.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Nicholas R. Barnaby by Power of Attorney on 09/18/2025.

Why were the shares issued to the director?

The filing states the shares were received in lieu of director fees under the outside directors' compensation program.