Form 4: General Dynamics Director Acquires Shares in Lieu of Fees
SEC Form 4 Filing
Director Cecil D. Haney acquired 10 shares of General Dynamics Corp (GD) common stock on September 17, 2024, in lieu of director fees.
Summary
- On September 17, 2024, Cecil D. Haney, a director of General Dynamics Corp, acquired 10 shares of common stock.
- The shares were received in lieu of director fees, as part of the outside directors' compensation program.
- The price per share was $308.05.
- Following the transaction, Haney directly owns 2,532 shares of General Dynamics Corp.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation.
Positives
- The director's decision to take shares in lieu of fees demonstrates confidence in the company's future.
Industry Context
Directors receiving stock in lieu of fees is a common practice to align their interests with shareholders and conserve company cash.
Stakeholder Impact
- The transaction signals director confidence, which can positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of transaction: Cecil D. Haney acquired 10 shares of General Dynamics Corp common stock. |
| 09/19/2024 | Date of signature on the Form 4 filing. |
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