General Dynamics (GD) President Deep Danny Exercises Options

What Happened

• Deep Danny, President of General Dynamics (GD), exercised stock options on 2026-08-04 to acquire 11,990 shares in total (6,090 shares and 5,900 shares).
  • He paid $191.71 per share for 6,090 shares ($1,167,514) and $223.93 per share for 5,900 shares ($1,321,187), for total exercise payments of $2,488,701.
• To satisfy exercise price and/or tax withholding, 8,993 shares were disposed (sold/withheld) the same day:
  • 4,428 shares at $380.84 (proceeds $1,686,360) and 4,565 shares at $380.74 (proceeds $1,738,078), totaling $3,424,438.
• After the exercise and withholding, the net shares retained by the insider from this transaction were 2,997 shares (11,990 exercised minus 8,993 withheld/sold).
• These transactions are routine option exercises with shares sold to cover taxes, not an open‑market investment purchase.

Key Details

• Transaction date: 2026-08-04.
• Option exercise details: 6,090 shares @ $191.71; 5,900 shares @ $223.93. Total exercise payments = $2,488,701.
• Tax/withholding dispositions: 4,428 shares @ $380.84; 4,565 shares @ $380.74. Total proceeds = $3,424,438.
• Derivative entries showing $0 reflect the conversion/exercise of the options into common shares.
• Vesting notes: F1 — 50% vested 03/01/2019, remaining 50% vested 03/01/2020. F2 — 50% vested 03/07/2020, remaining 50% vested 03/07/2021.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: no late filing indication in the provided details.

Context

• This was an option exercise with contemporaneous withholding/sale to cover the exercise price and tax liabilities (code M for option exercise; code F for payment of exercise price/tax liability). Such "sell-to-cover" actions are common after option exercises and do not by themselves indicate a change in insider conviction about the company's prospects.