Form 4: General Dynamics Vice President Reports Stock Sale

Mark Lagrand Burns, a Vice President at General Dynamics, reported selling 12,089 shares of common stock at $296.59 per share on May 17, 2024.

Summary

• Mark Lagrand Burns, a Vice President of General Dynamics, filed a Form 4 with the SEC on May 21, 2024.
• The report details a transaction on May 17, 2024, where Burns sold 12,089 shares of General Dynamics common stock at a price of $296.59 per share.
• Following the transaction, Burns directly owns 64,132.154 shares of General Dynamics common stock.
• Burns also indirectly owns 1,201.15 shares through the 401(k) Plan.
• The filing was signed by Nicholas R. Barnaby under Power of Attorney.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This filing indicates a sale of shares by a General Dynamics executive, which could be for personal financial management reasons.

Stakeholder Impact

• The stock sale by a company executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.

Key Dates