General Dynamics (GD) Form 4: Small Director Stock Issuance Recorded

Rhea-AI Filing Summary

General Dynamics (GD) Form 4 shows that director Cecil D. Haney acquired 9 shares of Common Stock on 09/16/2025 at a reported price of $326.97 per share. After the transaction Mr. Haney beneficially owned 2,823 shares, held directly. The filing states these shares were issued in lieu of director fees under the outside directors' compensation program. The Form 4 was signed by Nicholas R. Barnaby by power of attorney on 09/18/2025.

Positive

• Director compensation converted to equity which aligns management and shareholder interests
• Transparent, timely disclosure with transaction date 09/16/2025 and filing dated 09/18/2025
• Clear explanation that shares were issued in lieu of director fees under the outside directors' compensation program

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine small director share issuance; immaterial to valuation but aligns director pay with shareholder equity.

The report documents a minor non-derivative acquisition of 9 Common Stock shares at $326.97 per share under the company\'s director compensation program. The size of the grant is negligible relative to total outstanding shares and the director\'s 2,823-share holding, so there is no material impact on General Dynamics\'s capital structure or earnings. It does, however, reflect standard practice of compensating outside directors with equity to align interests.

Corporate Governance Expert

TL;DR: Routine disclosure of equity-based director compensation; filing appears complete and timely.

The filing specifies issuance in lieu of fees, identifies the reporting person as a director, and records the filing date and signature by power of attorney. This matches standard Section 16 reporting requirements for director compensation. The transaction code A(1) and explanation are provided, supporting transparency on non-cash director remuneration. No governance concerns are evident from the disclosed information alone.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

HANEY CECIL D

(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)		9	A	$326.97	2,823	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 Cecil D. Haney report on Form 4 for GD?

The Form 4 reports acquisition of 9 shares of GD Common Stock on 09/16/2025 at a price of $326.97 per share.

Why were the 9 shares issued to the director?

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

How many shares does Cecil D. Haney beneficially own after the transaction?

After the reported transaction Mr. Haney beneficially owned 2,823 shares, held directly.

Who signed the Form 4 and when was it filed?

The Form 4 shows signature by Nicholas R. Barnaby by power of attorney, dated 09/18/2025.

Does this Form 4 report any derivative transactions or large transfers?

No. Table II for derivative securities shows no reported transactions; only a small non-derivative acquisition is disclosed.