General Dynamics (GD) VP Paddock reports option grants, stock awards and tax share withholding

Rhea-AI Filing Summary

GENERAL DYNAMICS CORP Vice President David Paddock reported multiple equity award movements in company stock. On March 4, 2026, he received 12,150 stock options at an exercise price of $0.00, which vest 50% on March 4, 2028 and 50% on March 4, 2029.

He also acquired 1,994 shares of common stock from performance stock units granted in 2023, including additional units and dividend equivalents after performance goals were achieved, with no further service-based vesting required. Another 1,440 shares of restricted stock were granted, which will vest three years after the grant date.

To satisfy tax withholding obligations on the release of performance stock units, 879 shares of common stock were withheld at $362.35 per share. After these transactions, his directly held common stock position reported in this filing was 38,999 shares.

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

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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).

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^*

Paddock David

(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)
	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)		1,994	A	$0	38,438(2)	D
Common Stock	03/04/2026		F(3)		879	D	$362.35	37,559	D
Common Stock	03/04/2026		A(4)		1,440	A	$0	38,999	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
Stock Options	$363.02	03/04/2026		A		12,150		(5)	03/03/2036	Common Stock	12,150	$0	12,150	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. 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.
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FAQ

What insider transactions did GD Vice President David Paddock report on March 4, 2026?

David Paddock reported equity award-related transactions on March 4, 2026, including stock options, performance-based shares, restricted stock, and tax-withholding share transfers. These movements reflect compensation and tax settlement activity rather than open-market buying or selling of General Dynamics (GD) stock.

How many General Dynamics stock options did David Paddock receive in this Form 4?

The filing shows David Paddock received 12,150 General Dynamics stock options at a grant price of $0.00 per option. According to the disclosure, half of these options become exercisable on March 4, 2028, and the remaining half become exercisable on March 4, 2029.

What common stock awards did David Paddock acquire in General Dynamics (GD)?

Paddock acquired 1,994 GD common shares tied to 2023 performance stock units and dividend equivalents, plus 1,440 restricted shares subject to three-year service-based vesting. These awards increase his direct equity exposure while being governed by performance and time-based vesting terms.

Why were 879 General Dynamics shares disposed of in David Paddock’s Form 4?

The Form 4 states 879 GD common shares were withheld to cover tax obligations on the release of performance stock units. This tax-withholding disposition, priced at $362.35 per share, is a non-open-market transaction under the company’s equity compensation plan.

What is David Paddock’s reported General Dynamics common stock holding after these transactions?

After the reported March 4, 2026 transactions, David Paddock’s directly held General Dynamics common stock position in the Form 4 is 38,999 shares. This figure reflects the combination of new awards and tax-withholding share reductions disclosed in the filing.

How are David Paddock’s 2023 performance stock units in General Dynamics settled?

The 2023 performance stock units are settled in General Dynamics common stock, including additional units from performance achievement and accrued dividend equivalents. The footnotes explain that no further service-based vesting is required once performance criteria are met and the units release into shares.