General Dynamics Insider Adds 10,186 Total Shares in Routine Grant

Rhea-AI Filing Summary

General Dynamics Corporation (GD) – Form 4 insider transaction

Director Mark Malcolm reported the receipt of 111 shares of GD common stock on 06/17/2025 at a price of $281.11 per share. The shares were issued in lieu of cash director fees under the company’s outside-director compensation program, as noted in footnote 1. Following the transaction, Malcolm’s direct beneficial ownership stands at 10,186 shares. No derivative securities were reported, and there were no dispositions.

The filing is a routine compensation-related stock issuance representing a market value of roughly US$31,200 and does not alter board composition, control, or the company’s capital structure.

Insights

Financial Analyst

TL;DR: Small, routine director stock grant; negligible impact on GD valuation.

This Form 4 discloses that director Mark Malcolm added 111 GD shares, valued at about US$31k, through the standard non-cash fee program. Post-transaction ownership is 10,186 shares, indicating no material change in insider holdings. No derivatives or sales were reported. Given GD’s US$70 bn+ market cap and daily trading volume, the acquisition is immaterial to valuation or liquidity. Investors typically view such grants as administrative rather than a signal of sentiment.

Corporate Governance Expert

TL;DR: Filing reflects compliance with Section 16; governance status unchanged.

The filing confirms GD’s adherence to Section 16 reporting timelines. Shares were issued instead of cash, aligning director incentives with shareholder interests, but the quantity is modest. No 10b5-1 plan box was checked, implying a standard grant, not a pre-programmed trade. There is no indication of control shifts, related-party concerns, or governance red flags. Overall board oversight and independence metrics remain unaffected.

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
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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^*

Malcolm Mark

(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	10,186	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 Mark Malcolm acquire?

He received 111 common shares of GD.

What was the transaction price reported in the Form 4?

The shares were valued at $281.11 each.

What is Mark Malcolm’s total GD share ownership after the transaction?

His direct beneficial ownership is now 10,186 shares.

Why did the director receive GD shares instead of cash?

Footnote 1 states the stock was issued in lieu of director fees under the outside directors’ compensation program.

Were any derivative securities reported in this Form 4 filing?

No, no derivative securities were acquired or disposed of.