GD Executive VP Gilliland reports option exercise and same-day $315 share sale
Rhea-AI Filing Summary
Marguerite Amy Gilliland, identified as an Executive Vice President of General Dynamics Corporation (GD), reported securities transactions dated 08/08/2025. The filing records activity in Common Stock and stock options with a listed conversion/exercise price of $167.61. The report lists 33,740 shares associated with an acquisition entry at $167.61 and contemporaneous sales of 33,740 shares with an average sale price of $315.201 and individual sale prices ranging $314.91–$315.53, with the filing showing 45,192 shares beneficially owned following the reported sales.
The filing also discloses indirect ownership of 811.409 shares through a General Dynamics 401(k) plan and references stock options related to 33,740 underlying shares with exercisability milestones noted (50% exercisable 03/06/2021; remaining 50% exercisable 03/06/2022) and an expiration date shown as 03/05/2029. The form was signed by an attorney under power of attorney on 08/12/2025.
Positive
- Exercise of options recorded at $167.61, indicating option-related acquisition activity explicitly disclosed.
- 401(k) plan holdings disclosed (811.409 shares), clarifying indirect ownership status.
Negative
- Sale of 33,740 shares reported at an average price of $315.201, with sale prices ranging $314.91–$315.53, reducing direct holdings to 45,192 shares.
- No explanatory commentary is included in the filing about the purpose of the sales or any trading plan in effect, limiting investor context.
Insights
TL;DR: Insider exercised options and sold the same number of shares on 08/08/2025, materially reducing direct holdings.
The report shows a same-day exercise-related acquisition of 33,740 shares at a listed exercise/conversion price of $167.61 and concurrent sales of 33,740 shares at an average of $315.201. The disclosed sale price range ($314.91–$315.53) implies meaningful proceeds from the disposition. Beneficial ownership reported after the transactions is 45,192 shares held directly, plus 811.409 shares indirectly via a 401(k) plan. This is a material insider transaction in absolute dollars and share count, but the filing contains no commentary on the purpose of the sales.
TL;DR: The filing documents a routine Section 16 disclosure of option exercise and related open-market sales; governance implications depend on context not provided.
Marguerite Gilliland is identified as an Executive Vice President and the Form 4 was filed by one reporting person. The filing documents the exercise/derivative relationship (conversion/exercise price $167.61, exercisability dates noted, expiration 03/05/2029) and contemporaneous sales at market prices. The form was signed by a named attorney under power of attorney, meeting procedural disclosure requirements. No additional governance or policy context (e.g., 10b5-1 plan confirmation) is stated in the provided content.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 33,740 | $0.00 | -- |
| Exercise | Common Stock | 33,740 | $167.61 | $5.66M |
| Sale | Common Stock | 33,740 | $315.201 | $10.63M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Sale prices ranged from $314.91 to $315.53. 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. Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report. Fifty percent became exercisable on 03/06/2021, and the remaining fifty percent became exercisable on 03/06/2022.
