General Dynamics director sells 7,440 shares
The option exercises and sales each covered 7,440 shares, with every sale occurring on the exercise date.
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Form Type
4
Rhea-AI Filing Summary
General Dynamics director Robert K. Steel exercised options for 2,770, 2,190, 1,780 and 700 common shares on September 23, 2026, at exercise prices of $168.56, $232.90, $227.58 and $274.51 per share, respectively. He sold the same share amounts that day at $346.081, $346.119, from $345.97 to $346.01, and $345.824 per share, respectively. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise and Sale: 7,440 shares ($1.00M approx. pre-tax spread)
Exercise and Sale
12 txns
Insider
STEEL ROBERT K
Role
Director
Sold
7,440 shs ($2.57M)
Approx. gross sale proceeds
$2.57M
Approx. exercise cost
$1.57M
Approx. pre-tax spread
$1.00M
Share of Position Sold
70.6%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options F2 | 2,770 | $0.00 | $0.00 |
| Exercise | Stock Options F3 | 2,190 | $0.00 | $0.00 |
| Exercise | Stock Options F4 | 1,780 | $0.00 | $0.00 |
| Exercise | Stock Options F5 | 700 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,770 | $168.56 | $467K |
| Sale | Common Stock | 2,770 | $346.081 | $959K |
| Exercise | Common Stock | 2,190 | $232.90 | $510K |
| Sale | Common Stock | 2,190 | $346.119 | $758K |
| Exercise | Common Stock | 1,780 | $227.58 | $405K |
| Sale | Common Stock F1 | 1,780 | $346.01 | $616K |
| Exercise | Common Stock | 700 | $274.51 | $192K |
| Sale | Common Stock | 700 | $345.824 | $242K |
Holdings After Transaction:
Stock Options — 700 options (Direct);
Common Stock — 3,096 shares (Direct)
Holdings Before and After:
Stock Options, 8,140 to 700 options (Direct);
Common Stock, 3,096 to 3,096 shares (Direct)
Footnotes (5)
- F1. Sale prices ranged from $345.97 to $346.01. 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. Fifty percent became exercisable on 03/03/2023, and the remaining fifty percent became exercisable on 03/03/2024.
- F3. Fifty percent became exercisable on 03/02/2024, and the remaining fifty percent became exercisable on 03/02/2025.
- F4. Fifty percent became exercisable on 03/08/2025, and the remaining fifty percent became exercisable on 03/08/2026.
- F5. Fifty percent became exercisable on 03/06/2026, and the remaining fifty percent will become exercisable on 03/06/2027.
Key Figures
Options exercised: 7,440 common shares
Exercise prices: $168.56, $232.90, $227.58 and $274.51 per share
Shares sold: 7,440 shares
+1 more
4 metrics
Options exercised
7,440 common shares
September 23, 2026
Exercise prices
$168.56, $232.90, $227.58 and $274.51 per share
Applied respectively to 2,770, 2,190, 1,780 and 700 shares
Shares sold
7,440 shares
September 23, 2026
Reported sale prices
$346.081, $346.119, $345.97 to $346.01, and $345.824 per share
Applied respectively to 2,770, 2,190, 1,780 and 700 shares
Key Terms
Stock Options, exercise price, Rule 10b5-1 plan
3 terms
Stock Options financial
"exercised options for 2,770 shares"
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.
exercise price financial
"at exercise prices of $168.56"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Rule 10b5-1 plan financial
"No Rule 10b5-1 plan is reported"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were Robert K. Steel's GD transactions reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
