General Dynamics CEO exercises options and sells shares
GENERAL DYNAMICS CORP chair and CEO Phebe N. Novakovic exercised 166,660 stock options at $165.47 on July 31, 2026, and 115,092 shares were delivered or withheld to pay the exercise price or tax obligations.
Rhea-AI Filing Summary
GENERAL DYNAMICS CORP chair and CEO Phebe N. Novakovic exercised 166,660 stock options at $165.47 on July 31, 2026, and 115,092 shares were delivered or withheld to pay the exercise price or tax obligations. She then sold 51,568 common shares on August 3 in reported sales, with sale prices disclosed in ranges from $380.575 to $384.07 per share. Indirect holdings reported include 5,926.943 shares in a 401(k) plan and 30,000 shares held by an LLC for trusts benefiting her children; the transactions were not reported as made under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
NOVAKOVIC PHEBE N
Role
Chairman and CEO
Sold
51,568 shs ($19.73M)
Approx. gross sale proceeds
$19.73M
Approx. exercise cost
$27.58M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 5,673 | $381.17 | $2.16M |
| Sale | Common Stock F2 | 22,707 | $382.165 | $8.68M |
| Sale | Common Stock F3 | 15,917 | $383.091 | $6.10M |
| Sale | Common Stock F4 | 7,271 | $383.852 | $2.79M |
| Exercise | Stock Options F7 | 166,660 | $0.00 | $0.00 |
| Exercise | Common Stock | 166,660 | $165.47 | $27.58M |
| Exercise Price or Tax Liability | Common Stock | 115,092 | $379.17 | $43.64M |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 766,457 shares (Direct);
Common Stock — 5,926.943 shares (Indirect, 401(k) Plan);
Common Stock — 30,000 shares (Indirect, By LLC)
Footnotes (7)
- F1. Sale prices ranged from $380.575 to $381.56. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
- F2. Sale prices ranged from $381.575 to $382.56. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
- F3. Sale prices ranged from $382.58 to $383.575. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
- F4. Sale prices ranged from $383.62 to $384.07. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.
- F5. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
- F6. Represents shares held by a limited liability company for which the Reporting Person serves as a manager and the members of which are trusts for the benefit of the Reporting Person's children.
- F7. Fifty percent became exercisable on 03/04/2022, and the remaining fifty percent became exercisable on 03/04/2023.
Key Figures
Common shares sold: 51,568 shares
Option shares exercised: 166,660 shares
Shares withheld for exercise price or taxes: 115,092 shares
+3 more
6 metrics
Common shares sold
51,568 shares
Total common stock sold in reported transactions on August 3, 2026
Option shares exercised
166,660 shares
Stock options exercised into common stock on July 31, 2026
Shares withheld for exercise price or taxes
115,092 shares
Common shares delivered or withheld under code F on July 31, 2026
Option exercise price
$165.4700 per share
Conversion or exercise price of stock options expiring March 3, 2030
Indirect 401(k) holdings
5,926.9430 shares
Common stock held indirectly through General Dynamics 401(k) plan as of July 31, 2026
Indirect LLC holdings
30,000.0000 shares
Common stock held by an LLC whose members are trusts for her children
Key Terms
Rule 10b5-1 trading plan, Stock Options, 401(k) plan, exercise price or tax liability by delivering or withholding securities
4 terms
Rule 10b5-1 trading plan regulatory
"transactions were not reported as made under a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Options financial
"Stock Options with 166,660 underlying common shares were exercised at $165.47"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
401(k) plan financial
"Includes share activity under General Dynamics 401(k) plan since date of last report"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
exercise price or tax liability by delivering or withholding securities financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GENERAL DYNAMICS CORP (GD) report for Phebe Novakovic?
GENERAL DYNAMICS CORP reported that chair and CEO Phebe Novakovic exercised 166,660 stock options at $165.47, had 115,092 shares withheld or delivered for exercise price or taxes, and then sold 51,568 common shares on August 3, 2026 at prices disclosed in several ranges.
What stock options did General Dynamics (GD) CEO Phebe Novakovic exercise?
She exercised 166,660 stock options for General Dynamics common stock at an exercise price of $165.47 per share, originally expiring on March 3, 2030. Footnotes state half became exercisable on March 4, 2022 and the remaining half on March 4, 2023.
Were Phebe Novakovic’s General Dynamics (GD) trades reported under a Rule 10b5-1 plan?
The Form 4 checkbox for Rule 10b5-1 trading plans was not checked, and there is no footnote indicating such a plan. The transactions therefore were not reported as being executed pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
