General Dynamics insider adds stock via fee conversion, Form 4 filed

Rhea-AI Filing Summary

General Dynamics Corporation (GD) – Form 4 insider filing: Director C. Howard Nye reported the acquisition of 111 shares of GD common stock on 06/17/2025. The shares were received in lieu of cash director fees under the company’s outside-director compensation program, at a price stated in the filing of $281.11 per share. Following the transaction, Nye’s direct beneficial ownership rose to 6,258 shares. No derivative securities were involved and the transaction was coded “A” (acquisition). The filing was signed on 06/20/2025 by attorney-in-fact Nicholas R. Barnaby.

Positive

• Director increased personal stake by 111 shares, modestly aligning board and shareholder interests.

Negative

• None.

Insights

Securities Analyst

TL;DR: Minor insider buy; 111 shares, routine fee-in-stock election—neutral impact.

The Form 4 reveals that Director C. Howard Nye elected to receive board fees in stock, adding 111 GD shares worth roughly US$31.2 k. Such fee-in-stock programs are common and do not typically signal incremental insight into the company’s fundamentals. Post-transaction ownership stands at 6,258 shares, an increase of ~1.8%. The purchase is small relative to General Dynamics’ average daily volume and does not materially change insider ownership percentages. Consequently, the market impact is expected to be neutral; however, continued pattern of stock-settled compensation can modestly align directors’ interests with shareholders.

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

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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^*

Nye C Howard

(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)		111	A	$281.11	6,258	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.
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FAQ

What did General Dynamics (GD) file on 06/20/2025?

A Form 4 reporting director C. Howard Nye’s receipt of GD shares as compensation.

How many GD shares did C. Howard Nye acquire?

He acquired 111 shares of common stock.

What price was assigned to the acquired shares?

The filing lists a price of $281.11 per share.

What is Nye’s total GD shareholding after this transaction?

Post-transaction, Nye directly owns 6,258 shares.

Why were the shares issued instead of cash?

They were received in lieu of director fees under the outside directors’ compensation program.

Does the filing include any derivative securities?

No, Table II is blank; only common stock was reported.