STEEL ROBERT K 4

What Happened Robert K. Steel, a director of General Dynamics (GD), was granted equity awards on 2026-03-04. The Form 4 reports a grant of 270 shares of restricted stock (reported at $0.00) and a 1,120-share derivative award (reported at $0.00), for a total of 1,390 shares granted. These were awards (transaction code A), not open-market purchases or sales, so no cash was exchanged.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 reporting the transactions.
• Reported prices: $0.00 for both items (award/grant).
• Shares reported: 270 restricted shares + 1,120 derivative shares = 1,390 total granted.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: 270 restricted shares are service-vested and will be released three years after the grant date.
  • F2: The 1,120-share derivative award vests/exercises 50% on 03/04/2028 and 50% on 03/04/2029.
• Filing timeliness: Form 4 was filed two days after the transaction date; the filing does not indicate a late-reporting flag.

Context This was an equity compensation grant to a director, not a purchase or sale. Restricted shares and derivative awards typically vest over time and are intended for retention; they do not by themselves signal a current buy/sell decision by the insider. The derivative award has future vesting/exercise dates (2028 and 2029) per the footnote, so any economic impact will occur when those awards vest or are exercised.