Form 4: General Dynamics CEO Phebe Novakovic Reports Changes in Beneficial Ownership

Phebe Novakovic, Chairman and CEO of General Dynamics, reports changes in her beneficial ownership of the company's stock due to tax withholding and transactions within a limited liability company and 401(k) plan.

Summary

• On March 4, 2024, Phebe Novakovic, Chairman and CEO of General Dynamics, reported changes in her beneficial ownership of the company's common stock.
• 7,760 shares were withheld to satisfy tax obligations related to the release of restricted shares at a price of $273.37 per share.
• Novakovic indirectly owns 30,000 shares through a limited liability company where she serves as manager, with the members being trusts for her children.
• She also indirectly owns 5,676.77 shares through the General Dynamics 401(k) plan, reflecting share activity since her last ownership report.
• Following these transactions, Novakovic directly owns 766,217 shares of General Dynamics common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to tax obligations and indirect holdings through investment vehicles, which are common practices among executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stock ownership.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates