Form 4: General Dynamics Vice President and Controller, William A. Moss, Reports Stock Transactions
SEC Form 4
William A. Moss, Vice President and Controller of General Dynamics, reports the acquisition and disposal of company stock and stock options on May 13-14, 2024.
Summary
- On May 13, 2024, William A. Moss, Vice President and Controller of General Dynamics, executed multiple transactions involving General Dynamics common stock.
- Moss acquired 8,240 shares of common stock at $191.71 and disposed of 8,240 shares at $294.95.
- Additionally, Moss acquired 12,810 shares at $167.61 and disposed of 12,810 shares at $294.78.
- On May 14, 2024, Moss made a charitable donation of 1,100 shares of common stock.
- Following these transactions, Moss directly owns 15,524 shares and indirectly owns 1,233.61 shares through a 401(k) plan.
- Moss also exercised stock options to acquire 8,240 shares and 12,810 shares, respectively.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the insider's trading activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- The transactions reported are typical for executives who receive stock options as part of their compensation packages.
- Similar filings can be observed across the defense industry among companies like Lockheed Martin (LMT) and Northrop Grumman (NOC), where executives routinely exercise options and trade shares.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
- The charitable donation may positively impact the recipient organization.
Key Dates
| Date | Description |
|---|---|
| 03/01/2019 | Fifty percent of stock options ($191.71) became exercisable. |
| 03/01/2020 | Remaining fifty percent of stock options ($191.71) became exercisable. |
| 03/06/2021 | Fifty percent of stock options ($167.61) became exercisable. |
| 03/06/2022 | Remaining fifty percent of stock options ($167.61) became exercisable. |
| 05/13/2024 | Date of earliest transaction: stock acquisitions and disposals, and stock option exercises. |
| 05/14/2024 | Date of charitable donation of common stock. |
| 05/15/2024 | Date of signature by Power of Attorney. |
| 02/28/2027 | Expiration date of stock options ($191.71). |
| 03/05/2029 | Expiration date of stock options ($167.61). |
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.