Form 4: General Dynamics Director Acquires Shares in Lieu of Fees

General Dynamics director Charles W. Hooper acquired 23 shares of common stock in lieu of director fees.

Summary

• Director Charles W. Hooper acquired 23 shares of General Dynamics common stock on December 17, 2024.
• The shares were received in lieu of director fees as part of the company's outside directors' compensation program.
• The price per share was $266.26.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Industry Context

Director stock acquisitions are a common practice in corporate governance, often used as part of compensation packages to align director interests with shareholder value.

Comparison to Industry Standards

• Many companies use stock-based compensation for directors to align their interests with shareholders.
• The practice of receiving stock in lieu of fees is a common method of compensation for non-executive directors.
• The specific amount of stock and the price are typical for these types of transactions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

General Dynamics, Director, Stock Acquisition, Director Fees, Compensation, Charles W. Hooper