Form 4: General Dynamics Executive Reports Stock Transactions
SEC Form 4 Filing
A General Dynamics Vice President, Mark Lagrand Burns, reports acquisition and disposal of company stock and derivative securities.
Summary
- Mark Lagrand Burns, a Vice President at General Dynamics, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On March 4, 2025, Burns acquired 12,442 shares of common stock related to performance stock units (PSUs) and dividend equivalents.
- Also on March 4, 2025, 5,567 shares were withheld to cover tax obligations related to the release of PSUs at a price of $253.95 per share.
- On March 5, 2025, Burns acquired 4,075 shares of restricted stock subject to service-based vesting.
- Burns also reported 1,219.53 shares held indirectly through the General Dynamics 401(k) plan and 33,670 shares held by trust.
- Additionally, Burns acquired 25,400 stock options with an exercise price of $257.55, exercisable in two tranches on March 5, 2027, and March 5, 2028, expiring on March 4, 2035.
- Following these transactions, Burns directly owns 39,875.154 shares of common stock and 25,400 stock options.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock are standard practice among large corporations like General Dynamics, Lockheed Martin, and Boeing.
- The vesting schedules and exercise prices are typical for executive stock option grants.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- It has minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Acquisition of 12,442 common stock shares (PSUs) and withholding of 5,567 shares for tax obligations. |
| 03/05/2025 | Acquisition of 4,075 restricted stock shares and grant of 25,400 stock options. |
| 03/05/2027 | 50% of stock options become exercisable. |
| 03/05/2028 | Remaining 50% of stock options become exercisable. |
| 03/04/2035 | Expiration date of stock options. |
| 03/06/2025 | Date of Form 4 signature. |
Keywords
Form 4, General Dynamics, Stock Options, Beneficial Ownership, Stock Acquisition, Executive Compensation, Restricted Stock, Performance Stock Units, Insider Trading
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