Form 4: General Dynamics Director Rudy F. De Leon Acquires Shares in Lieu of Fees
SEC Form 4 Filing
Director Rudy F. De Leon acquired 56 shares of General Dynamics stock on March 18, 2024, in lieu of director fees.
Summary
- On March 18, 2024, Rudy F. De Leon, a director of General Dynamics Corp, acquired 56 shares of common stock.
- The acquisition was made in lieu of director fees, as part of the outside directors' compensation program.
- The price per share was $275.38.
- Following the transaction, De Leon directly owns 5,518 shares of General Dynamics common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Director share acquisitions are common and often tied to compensation plans, aligning director interests with shareholder value.
Related Party Transactions
- The stock acquisition in lieu of director fees is a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small number of shares acquired as part of a compensation plan.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of transaction: Rudy F. De Leon acquired 56 shares of General Dynamics stock. |
| 03/20/2024 | Date of signature on the Form 4 filing. |
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