General Dynamics insider receives stock for fees, now holds 11,653 shares

Rhea-AI Filing Summary

General Dynamics Corporation (GD) Form 4 filing summary: Director Laura J. Schumacher reported a small insider acquisition on 17 June 2025. In lieu of cash director fees, she received 111 common shares at a deemed price of $281.11 per share, valuing the grant at roughly $31 k. The transaction, coded “A(1),” is part of the outside directors’ compensation program rather than an open-market purchase. Following the grant, Schumacher directly owns 11,653 GD shares. No derivative securities were involved and no other changes in beneficial ownership were disclosed.

Insights

Financial Analyst

TL;DR: Routine director fee stock grant; negligible size, neutral market impact.

The Form 4 shows a non-market acquisition of only 111 shares—about 0.001% of GD’s 275 M share count—worth roughly $31 k. Such fee-in-stock elections are standard corporate practice and provide no directional signal about fundamentals. The director’s post-transaction holding of 11,653 shares (≈$3.3 M) remains immaterial to the company’s market capitalization. With no open-market buying pressure or derivative activity, investor impact is neutral.

Corporate Governance Expert

TL;DR: Compensation-aligned share grant, conforms to best-practice governance; impact neutral.

Issuing equity in lieu of cash aligns director incentives with shareholders and is widely encouraged under governance guidelines. The modest award size suggests adherence to the existing compensation formula, not a strategic insider bet. No red flags appear—Schumacher remains compliant with Section 16 and beneficial ownership rules. Governance-wise, this is routine and poses no material risk or benefit to investors.

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^*

Schumacher Laura J

(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	11,653	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 Laura J. Schumacher acquire?

She acquired 111 common shares on 17 June 2025.

What was the price assigned to the GD shares in this Form 4 filing?

The deemed price reported was $281.11 per share.

What is Laura J. Schumacher’s total GD shareholding after the transaction?

She now directly owns 11,653 shares of General Dynamics.

Was the acquisition an open-market purchase or part of the director compensation plan?

It was stock received in lieu of director fees under the outside directors’ compensation program.

Did the filing report any derivative security transactions?

No, no derivative securities were acquired or disposed of in this filing.