General Dynamics: Stratton Adds 111 Shares via Director Fee Stock Grant

Rhea-AI Filing Summary

General Dynamics Corp. (GD) – Form 4 filing: Director John G. Stratton reported the receipt of 111 shares of common stock on 06/17/2025. The transaction is coded “A(1),” indicating shares were awarded in lieu of cash director fees under the company’s outside-director compensation program. The shares were valued at $281.11 each, implying a total market value of roughly $31,200. Following the award, Stratton’s directly held position increased to 7,901 shares. No derivative securities were involved, and there were no dispositions. This routine, modest‐sized equity grant slightly increases insider alignment but is not material relative to GD’s ~278 million outstanding shares.

Insights

Corporate Governance Expert

TL;DR: Small, routine director fee stock payment; negligible governance or valuation impact.

The filing reflects standard practice of compensating outside directors partly in equity to align incentives. The 111-share grant, worth about $31 k, raises Stratton’s stake to just under $2.2 million at current prices—still immaterial to GD’s $80 bn market cap. No red flags or unusual structures are present, and no derivatives are involved. Governance takeaway: continuation of shareholder-friendly pay mix, but impact on control or signaling is inconsequential.

Portfolio Manager

TL;DR: Transaction is too small to influence trading decisions; maintain existing view on GD.

From a portfolio standpoint, 111 additional shares add virtually no incremental information on future performance or insider sentiment. The grant is automatic under the board compensation plan and does not represent discretionary buying. With ownership now at 7,901 shares (≈0.003% of GD), the move neither strengthens nor weakens the investment thesis. Investors should focus on upcoming earnings and defense spending trends rather than this filing.

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

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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^*

Stratton John G

(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	7,901	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

How many GD shares did Director John G. Stratton acquire in the Form 4?

111 shares of General Dynamics common stock were acquired.

What was the transaction price reported for the GD shares?

The shares were valued at $281.11 per share.

Why did Stratton receive these GD shares?

They were stock paid in lieu of cash director fees under the outside-director compensation program.

What is John G. Stratton’s total direct GD shareholding after the transaction?

His direct ownership increased to 7,901 shares.

Did the Form 4 include any derivative security transactions?

No; no derivatives were reported in the filing.