Director at General Dynamics (GD) receives stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
General Dynamics director Cecil D. Haney reported awards of company equity. He acquired 1,120 stock options at a price of $0.00 per option and 270 shares of common stock at a price of $0.00 per share. The 270 shares are restricted stock that will vest three years after the grant date. Half of the options become exercisable on March 4, 2028, and the remaining half on March 4, 2029, providing long-term, service-based incentives tied to his board role.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HANEY CECIL D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options | 1,120 | $0.00 | -- |
| Grant/Award | Common Stock | 270 | $0.00 | -- |
Holdings After Transaction:
Stock Options — 1,120 shares (Direct);
Common Stock — 3,102 shares (Direct)
Footnotes (1)
- Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date. Fifty percent become exercisable on 03/04/2028 and the remaining fifty percent become exercisable on 03/04/2029.
FAQ
What did General Dynamics (GD) director Cecil D. Haney receive in this Form 4?
Cecil D. Haney received equity awards from General Dynamics, including stock options and restricted common shares. He acquired 1,120 stock options at a $0.00 exercise price and 270 shares of common stock granted at $0.00, both as part of his director compensation package.
How many stock options were granted to the General Dynamics (GD) director?
The director was granted 1,120 stock options in General Dynamics. These options carry an exercise price of $0.00 per option and vest over time, with half becoming exercisable on March 4, 2028, and the remaining half on March 4, 2029, encouraging long-term service.
What are the terms of the restricted stock awarded by General Dynamics (GD)?
General Dynamics granted 270 shares of restricted common stock to the director. According to the disclosure, these shares are subject to service-based vesting and will be released three years after the grant date, aligning the award with continued service on the company’s board.
Does this General Dynamics (GD) Form 4 show a stock purchase or a compensation grant?
The filing reflects compensation grants, not open-market stock purchases. The director acquired 1,120 stock options and 270 common shares at $0.00 per share or option, indicating these awards were granted by the company as part of director compensation rather than bought in the market.
How did these awards change the General Dynamics (GD) director’s holdings?
Following the awards, the director directly holds 1,120 stock options and 3,102 shares of General Dynamics common stock. The options vest in two future tranches, while the restricted stock will fully vest three years after the grant date, subject to continued service requirements.