General Dynamics EVP reports tax share withholding
GENERAL DYNAMICS CORP Executive Vice President Robert Edward Smith reported a tax-related share withholding tied to equity compensation.
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Rhea-AI Filing Summary
GENERAL DYNAMICS CORP Executive Vice President Robert Edward Smith reported a tax-related share withholding tied to equity compensation. On the transaction date, 1,466 shares of Common Stock were withheld at a price of $359.79 per share to cover tax obligations from the release of restricted shares. This was not an open-market sale, but a payment of tax liability using shares under the company’s equity compensation plan. After this event, Smith held 81,761.217 shares directly and 7,908.600 shares indirectly through a 401(k) plan.
Insights
Routine tax withholding on vested shares; no open-market selling.
The filing shows 1,466 General Dynamics Common Stock shares withheld at $359.79 each to satisfy tax obligations from the release of restricted shares. This is a standard mechanism in equity compensation, classified as a tax-withholding disposition rather than a discretionary sale.
Because the shares cover taxes on vested awards, the transaction carries little signaling value about the insider’s view of the stock. Smith continues to hold 81,761.217 shares directly and 7,908.600 through a 401(k) plan, indicating a substantial ongoing equity stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,466 | $359.79 | $527K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Represents the withholding of shares of Common Stock under the General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations in connection with the release of restricted shares.
- F2. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did General Dynamics (GD) report for Robert Edward Smith?
Was the General Dynamics (GD) Form 4 transaction an open-market stock sale?
How is the 401(k) plan referenced in the General Dynamics (GD) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.