General Dynamics insider adds 55 shares via fee conversion

Rhea-AI Filing Summary

General Dynamics Corporation (GD) Form 4 filing dated 06/20/2025 discloses a routine insider transaction. Director Rudy F. De Leon received 55 shares of GD common stock on 06/17/2025 at an average reference price of $281.11. The shares were issued in lieu of cash director fees, as noted in footnote 1 of the filing.

Following the transaction, De Leon directly owns 5,483 GD shares. No derivative securities were involved, and the filing does not indicate any sales or larger strategic shifts. The purchase represents roughly 1.0% of the insider’s total holdings and is immaterial relative to General Dynamics’ public float.

Insights

Financial Analyst

TL;DR: Routine, low-value director share accrual; negligible impact on GD valuation or insider sentiment.

The transaction is administrative: 55 shares (~$15K) issued to Director Rudy De Leon under the board compensation plan. No open-market purchase or sale occurred, and ownership rises to 5,483 shares. Given GD’s ~$78 B market cap, the filing bears no material influence on liquidity, corporate strategy, or market perception. Investors may view it as neutral housekeeping.

Corporate Governance Expert

TL;DR: Regular fee-for-stock election signals director alignment but is too small to be consequential.

Converting fees to equity modestly aligns board and shareholder interests, yet the 55-share increment is routine under GD’s outside-director plan. There is no policy change, no insider sale pressure, and no indication of forthcoming strategic moves. Governance practitioners would classify this as standard practice.

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^*

DE LEON RUDY F

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

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	06/17/2025		A(1)		55	A	$281.11	5,483	D

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

Explanation of Responses:

1. Reflects stock received in lieu of director fees in accordance with outside directors' compensation program.

	Nicholas R. Barnaby, by Power of Attorney	06/20/2025
	** 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 did General Dynamics (GD) disclose in the 06/20/2025 Form 4?

Director Rudy F. De Leon acquired 55 GD common shares on 06/17/2025, received as stock instead of cash fees.

How many GD shares does Director Rudy F. De Leon now own?

After the reported transaction, he directly owns 5,483 shares of General Dynamics.

Was the transaction an open-market purchase or sale?

No. The shares were issued in lieu of director fees; there was no open-market activity.

Did the filing include any derivative securities?

No derivative securities were acquired or disposed of in this Form 4.

Is the transaction considered material to GD investors?

Given its small size relative to GD’s market capitalization, the event is not material for most investors.