Form 4: General Dynamics Executive Gilliland Reports Stock Transactions
SEC Form 4
Senior Vice President Marguerite Amy Gilliland of General Dynamics reports exercising stock options and selling shares.
Summary
- Marguerite Amy Gilliland, a Senior Vice President at General Dynamics, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On May 1, 2024, Gilliland exercised stock options for 27,990 shares at a price of $191.71 per share.
- Also on May 1, 2024, 22,874 shares were disposed of to cover tax obligations at a price of $287.375.
- She sold 3,986 shares on May 1, 2024, at $287.275 per share and 5,116 shares on May 2, 2024, at $286.04 per share.
- Following these transactions, Gilliland directly owns 43,772 shares of General Dynamics common stock.
- She also indirectly owns 787.32 shares through the 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies like General Dynamics. These filings provide transparency into the trading activities of company insiders and can be analyzed for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation and stock option grants are standard practice among large defense contractors like Lockheed Martin, Northrop Grumman, and Raytheon Technologies.
- Form 4 filings are a regulatory requirement for all publicly traded companies in the United States, ensuring transparency in insider trading activities.
- The size and frequency of stock option exercises and sales can vary widely depending on individual executive compensation packages and company performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into executive compensation and trading activity.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2019 | Fifty percent of the stock options became exercisable. |
| 03/01/2020 | The remaining fifty percent of the stock options became exercisable. |
| 02/28/2027 | Expiration date of the stock options. |
| 05/01/2024 | Date of stock option exercise and sale of shares. |
| 05/02/2024 | Date of stock sale. |
| 05/03/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.