Form 4: General Dynamics Vice President Reports Stock Transactions

Mark Lagrand Burns, a Vice President at General Dynamics, reported the withholding of shares for tax obligations and share activity in the company's 401(k) plan.

Summary

• On March 4, 2024, Mark Lagrand Burns, a Vice President at General Dynamics, reported transactions involving General Dynamics common stock.
• 1,863 shares were withheld to cover tax obligations related to the release of restricted shares at a price of $273.37.
• Burns also reported 1,195.47 shares held indirectly through the General Dynamics 401(k) plan, reflecting activity since the last ownership report.
• Following these transactions, Burns directly owns 62,819.154 shares and indirectly owns 1,195.47 shares through the 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their stock transactions. This filing indicates activity by a General Dynamics executive, which is typical for companies with equity compensation plans.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The tax withholding impacts the executive's personal finances.

Key Dates