Form 4: General Dynamics CFO Kimberly Kuryea Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President and CFO of General Dynamics, Kimberly A. Kuryea, reports multiple transactions involving company stock, including acquisitions via option exercises and sales on the open market.
Summary
- Kimberly A. Kuryea, Senior Vice President & CFO of General Dynamics, filed a Form 4 detailing changes in beneficial ownership.
- On May 20, 2024, Kuryea exercised stock options to acquire 21,920 shares at $191.71 and 36,980 shares at $167.61.
- Also on May 20, 2024, 17,559 shares were disposed of at $300.593 and 27,997 shares were disposed of at $300.593.
- Between May 21, 2024, Kuryea sold a total of 12,844 shares at prices ranging from $296.383 to $300.869.
- Following these transactions, Kuryea directly owns 79,255 shares of General Dynamics common stock and indirectly owns 1,000 shares held by a spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in corporate governance, with companies like Lockheed Martin (LMT) and Northrop Grumman (NOC) also subject to similar scrutiny of their executives' stock dealings.
- The frequency and volume of insider trades are often compared against historical patterns and industry peers to assess potential signals about a company's prospects.
Stakeholder Impact
- Shareholders may interpret these transactions as a signal of management's confidence (or lack thereof) in the company's future performance.
- The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2019 | Fifty percent of the stock options with an exercise price of $191.71 became exercisable. |
| 03/01/2020 | The remaining fifty percent of the stock options with an exercise price of $191.71 became exercisable. |
| 03/06/2021 | Fifty percent of the stock options with an exercise price of $167.61 became exercisable. |
| 03/06/2022 | The remaining fifty percent of the stock options with an exercise price of $167.61 became exercisable. |
| 05/20/2024 | Kuryea exercised stock options and disposed of shares. |
| 05/21/2024 | Kuryea sold shares of common stock. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
| 02/28/2027 | Expiration date of stock options with an exercise price of $191.71. |
| 03/05/2029 | Expiration date of stock options with an exercise price of $167.61. |
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