General Dynamics (NYSE: GD) director covers tax bill with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
General Dynamics director Catherine B. Reynolds reported a routine tax-related share withholding. On the release of restricted shares, 83 shares of Common Stock were withheld at $359.79 per share to cover tax obligations under the company’s equity compensation plan, rather than being sold on the open market. Following this event, she holds 7,217 shares directly and 600 shares indirectly held by her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reynolds Catherine B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 83 | $359.79 | $30K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,217 shares (Direct);
Common Stock — 600 shares (Indirect, Held by Spouse)
Footnotes (1)
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FAQ
What did General Dynamics (GD) director Catherine B. Reynolds report in this Form 4?
Catherine B. Reynolds reported a tax-related share withholding, not an open-market trade. 83 shares of General Dynamics Common Stock were withheld to satisfy tax obligations tied to the release of restricted shares under the company’s equity compensation plan.
Is Catherine B. Reynolds’ Form 4 for General Dynamics (GD) an open-market sale?
No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were automatically withheld to cover tax obligations when restricted shares were released, a common administrative feature of equity compensation plans.
What does the indirect holding by spouse mean in the General Dynamics (GD) Form 4?
The Form 4 notes 600 General Dynamics shares as indirectly owned, labeled “Held by Spouse.” This indicates those shares are in the spouse’s name but are attributed as an indirect holding for reporting purposes under insider ownership rules.
Does this General Dynamics (GD) Form 4 indicate any option exercises or derivative activity?
No, the data show no option exercises or derivative transactions in this Form 4. The only reportable event is withholding 83 shares of Common Stock to satisfy tax obligations associated with the release of restricted shares.