Reynolds Catherine B 4

What Happened
Catherine B. Reynolds, a director of General Dynamics (GD), was granted awards on 2026-03-04 totaling 1,390 shares: 270 shares reported as restricted stock (acquired at $0) and 1,120 shares reported as a derivative award (acquired at $0). Both entries show a $0 acquisition price, indicating these are compensation awards rather than market purchases.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (appears timely under the two-business-day rule).
• Awards: 270 restricted shares (A) at $0.00; 1,120 derivative shares (A) at $0.00. Total awarded shares = 1,390.
• Reported value: $0 purchase price for each grant (typical for equity awards).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: The 270 shares are restricted stock subject to service-based vesting and will be released three years after the grant date.
  • F2: The derivative award vests/exercisability schedule: 50% become exercisable on 03/04/2028 and the remaining 50% on 03/04/2029.
• No indication of a 10b5-1 plan, cashless exercise, tax-withholding sale, or a late filing in the provided data.

Context
These entries are director compensation awards (retention/long-term incentive) rather than open-market purchases or sales. Because vesting/exercisability occurs in future years, the awards represent potential future ownership rather than an immediate buy/sell signal. For retail investors, such grants are routine for board members and do not by themselves indicate a change in the director’s market sentiment.