General Dynamics (NYSE: GD) counsel gets new stock, options grants

Rhea-AI Filing Summary

General Dynamics senior vice president and general counsel Gregory S. Gallopoulos reported multiple equity awards and related share movements. He received stock options on 19,450 shares, plus grants of 3,697 shares of common stock tied to performance stock units and 2,305 shares of restricted stock.

A separate disposition of 1,672 common shares at $362.35 per share was used to cover tax withholding on the PSU release, rather than an open-market sale. After these direct transactions, he held 130,894 common shares directly and 15,000 shares indirectly by trust, along with the new option grant. Half of the options become exercisable on March 4, 2028 and the remainder on March 4, 2029.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Gallopoulos Gregory S

Role Senior VP, Gen. Counsel, Sec.

Type	Security	Shares	Price	Value
Grant/Award	Stock Options	19,450	$0.00	--
Grant/Award	Common Stock	3,697	$0.00	--
Tax Withholding	Common Stock	1,672	$362.35	$606K
Grant/Award	Common Stock	2,305	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 19,450 shares (Direct); Common Stock — 130,261 shares (Direct); Common Stock — 15,000 shares (Indirect, By Trust)

Footnotes (1)

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. Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs. 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.

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Gallopoulos Gregory S

(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)
	Senior VP, Gen. Counsel, Sec.

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)		3,697	A	$0	130,261	D
Common Stock	03/04/2026		F(2)		1,672	D	$362.35	128,589	D
Common Stock	03/04/2026		A(3)		2,305	A	$0	130,894	D
Common Stock								15,000	I	By Trust

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		19,450		(4)	03/03/2036	Common Stock	19,450	$0	19,450	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. Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs.

3. Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.

4. 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.
* 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 insider transactions did GD executive Gregory Gallopoulos report on this Form 4?

Gregory Gallopoulos reported grants of 19,450 stock options, 3,697 performance-based common shares, and 2,305 restricted shares. He also reported 1,672 shares withheld to cover taxes on performance stock units, plus updated holdings in 15,000 shares held indirectly by a trust.

Were any of Gregory Gallopoulos’ GD share transactions open-market sales or purchases?

The filing shows no open-market buys or sells. Reported acquisitions are equity awards and performance stock unit settlements, while the 1,672-share disposition is tax withholding. That transaction satisfies tax obligations by delivering shares, not a discretionary market sale or purchase.

How many General Dynamics shares does Gregory Gallopoulos hold after these transactions?

After the reported transactions, Gregory Gallopoulos directly holds 130,894 shares of General Dynamics common stock. He also has indirect ownership of 15,000 additional shares held by a trust, alongside a newly granted option covering 19,450 shares with future vesting dates.

What are the vesting terms of Gregory Gallopoulos’ new General Dynamics stock options?

The 19,450 General Dynamics stock options vest in two equal installments. According to the disclosure, 50 percent become exercisable on March 4, 2028, and the remaining 50 percent become exercisable on March 4, 2029, creating a staggered long-term incentive structure.

What do the performance stock units (PSUs) in Gregory Gallopoulos’ GD filing represent?

The performance stock units were originally granted in 2023 and include additional units for achieved performance criteria and accrued dividend equivalents. No further service-based vesting is required, and both PSUs and dividend equivalents are settled in General Dynamics common stock upon release.

Why were 1,672 General Dynamics shares disposed of in Gregory Gallopoulos’ Form 4?

The 1,672-share disposition represents withholding of common stock to satisfy tax obligations on the release of performance stock units. Shares were withheld under General Dynamics’ equity compensation plan, meaning this was a tax-withholding transaction rather than an open-market share sale.