Form 4: General Dynamics Executive Vice President Aiken Exercises Stock Options
SEC Form 4
Executive Vice President Jason W. Aiken of General Dynamics Corp. reports exercising stock options and disposing of shares to cover taxes, resulting in adjustments to his beneficial ownership.
Summary
- On May 13, 2025, Jason W. Aiken, an Executive Vice President at General Dynamics Corp., executed multiple transactions involving General Dynamics common stock.
- Aiken exercised stock options to acquire 16,375 shares at $191.71, 14,650 shares at $223.93, and 10,230 shares at $167.61.
- Simultaneously, Aiken disposed of shares to satisfy tax obligations related to the option exercises, selling 13,961 shares at $273.915, 13,316 shares at $273.73, and 8,243 shares at $273.95.
- Following these transactions, Aiken directly owns 170,284 shares of General Dynamics common stock and indirectly owns 13,427 shares through a 401(k) plan.
- Aiken also holds derivative securities in the form of stock options for 16,375 shares exercisable at $191.71, 29,290 shares exercisable at $223.93, and 20,460 shares exercisable at $167.61.
Sentiment
Score: 5
Explanation: This is a neutral informational filing regarding stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, common for executives at publicly traded companies like General Dynamics. It reflects part of the executive's compensation and portfolio management strategy.
Comparison to Industry Standards
- Executive compensation practices, including stock options, are standard across the defense industry.
- Companies like Lockheed Martin (LMT) and Northrop Grumman (NOC) also utilize stock options as part of their executive compensation packages.
- The exercise and subsequent sale of shares to cover taxes are typical behaviors observed among executives in similar positions.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they represent routine executive compensation activities.
- The filing provides transparency into executive stock ownership, which can be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2019 | Fifty percent of the stock options exercisable at $191.71 became exercisable. |
| 03/01/2020 | The remaining fifty percent of the stock options exercisable at $191.71 became exercisable. |
| 03/07/2020 | Fifty percent of the stock options exercisable at $223.93 became exercisable. |
| 03/06/2021 | Fifty percent of the stock options exercisable at $167.61 became exercisable. |
| 03/07/2021 | The remaining fifty percent of the stock options exercisable at $223.93 became exercisable. |
| 03/06/2022 | The remaining fifty percent of the stock options exercisable at $167.61 became exercisable. |
| 02/28/2027 | Expiration date for stock options exercisable at $191.71. |
| 03/06/2028 | Expiration date for stock options exercisable at $223.93. |
| 03/05/2029 | Expiration date for stock options exercisable at $167.61. |
| 05/13/2025 | Date of stock option exercises and share disposals. |
| 05/15/2025 | Date of signature for the Form 4 filing. |
Keywords
General Dynamics, Stock Options, Form 4, Executive Compensation, Beneficial Ownership, Insider Trading, Aiken, GD
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