Form 4: General Dynamics VP Danny Deep Reports Stock Option Exercise and Tax Withholding
SEC Form 4 Filing
Vice President Danny Deep of General Dynamics exercised stock options and had shares withheld for tax obligations on March 1, 2024.
Summary
- On March 1, 2024, Danny Deep, a Vice President at General Dynamics, exercised stock options for 8,360 shares of common stock at a price of $135.85 per share.
- Following the exercise, 5,465 shares were disposed of at $271.84 to cover tax obligations.
- After these transactions, Deep directly owns 23,011.913 shares of General Dynamics common stock.
- The exercised stock options became 50% exercisable on March 2, 2018, and the remaining 50% on March 2, 2019.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among corporate executives as part of their compensation packages. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 03/02/2018 | Fifty percent of the stock options became exercisable |
| 03/02/2019 | The remaining fifty percent of the stock options became exercisable |
| 03/01/2024 | Date of stock option exercise and tax withholding |
| 03/05/2024 | Date of signature on the Form 4 filing |
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