General Dynamics Insider Filing: 11-Share Equity Grant to Director Haney

Rhea-AI Filing Summary

General Dynamics Corporation (GD) Form 4 filing overview: On 17 June 2025, director Cecil D. Haney acquired 11 shares of GD common stock at a price listed as $281.11 per share. The shares were issued in lieu of cash director fees under the company’s outside-director compensation program, rather than through an open-market purchase. Following the transaction, Haney’s direct beneficial ownership increased to 2,814 shares. No derivative securities were involved, and there were no dispositions. Because the transaction is compensation-related and valued at roughly US$3,100, it is considered routine and immaterial to GD’s overall capital structure.

Positive

• Director increases ownership, enhancing incentive alignment, albeit by only 11 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small, routine stock-fee conversion; negligible impact on GD valuation.

The filing records Director Haney receiving 11 GD shares in lieu of quarterly board fees. Such conversions are typical under director compensation plans and involve no cash outlay by the insider. The dollar value is trivial relative to GD’s market capitalization (≈US$3k vs. ≈US$80bn) and does not signal a notable change in insider sentiment or future company performance. Investors should view this as a compliance disclosure rather than a trading cue.

Corporate Governance Expert

TL;DR: Director equity grant aligns incentives; governance-neutral.

Issuing equity instead of cash modestly strengthens board-shareholder alignment, consistent with best-practice governance frameworks. However, the minimal share count means the alignment effect is marginal. No red flags—timely filing, clear 10b5-1 checkbox, and proper power-of-attorney signature—indicate good compliance hygiene.

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^*

HANEY CECIL D

(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)		11	A	$281.11	2,814	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 General Dynamics (GD) shares did Director Cecil D. Haney acquire?

He received 11 shares of GD common stock.

What was the transaction date for the GD Form 4 filing?

The shares were issued on June 17, 2025.

Was this an open-market purchase or compensation-related transaction?

It was compensation-related; stock was issued in lieu of director fees.

How many GD shares does Director Haney own after the transaction?

His direct beneficial ownership stands at 2,814 shares.

Does the filing indicate use of a Rule 10b5-1 trading plan?

The designated checkbox was marked, confirming the transaction was under a 10b5-1(c) plan.