James Mattis receives 58 General Dynamics (GD) shares as director fee grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mattis James N reported acquisition or exercise transactions in this Form 4 filing.
GENERAL DYNAMICS CORP director James N. Mattis received 58 shares of common stock as a grant in lieu of cash director fees. The shares were valued at $359.85 each on the grant date. After this compensation award, he directly holds 3,618 shares of General Dynamics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mattis James N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 58 | $359.85 | $21K |
Holdings After Transaction:
Common Stock — 3,618 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Director stock grant: 58 shares
Grant price per share: $359.85 per share
Shares held after grant: 3,618 shares
3 metrics
Director stock grant
58 shares
Common stock awarded in lieu of director fees
Grant price per share
$359.85 per share
Value used for the 58-share compensation grant
Shares held after grant
3,618 shares
James N. Mattis direct ownership after the transaction
Key Terms
Grant, award, or other acquisition, outside directors' compensation program, Common Stock
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
outside directors' compensation program financial
"Reflects stock received in lieu of director fees in accordance with outside directors' compensation program."
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did General Dynamics (GD) director James N. Mattis report in this Form 4?
James N. Mattis reported receiving 58 shares of General Dynamics common stock as a grant. The filing shows these shares were issued as part of his director compensation, increasing his direct holdings to 3,618 shares after the transaction.
Was the General Dynamics (GD) Form 4 transaction a market purchase or sale?
The Form 4 does not show a market purchase or sale. Instead, James N. Mattis received 58 shares as a compensation grant in lieu of director fees under the outside directors' compensation program, so no open-market trading occurred in this filing.
Why did James N. Mattis receive General Dynamics (GD) stock instead of cash?
According to the Form 4 footnote, James N. Mattis received stock in lieu of director fees. The award of 58 shares reflects compensation under General Dynamics’ outside directors' compensation program, which allows fees to be paid in company stock.