Malcolm Mark 4

What Happened
Malcolm Mark, a director of General Dynamics (GD), was granted a total of 1,390 shares on 2026-03-04: 270 shares of restricted stock and 1,120 shares listed as a derivative award. Both grants show an acquisition price of $0.00 (typical for equity compensation awards), so this was an award/grant rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (appears timely). Transaction code: A (award/grant).
• Shares and price: 270 shares @ $0.00 (restricted stock) + 1,120 derivative shares @ $0.00 — total 1,390 shares.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — 270 shares are restricted stock subject to service-based vesting and will be released three years after the grant date.
  • F2 — 1,120 derivative shares vest/exercise schedule: 50% exercisable on 03/04/2028 and the remaining 50% on 03/04/2029.
• Filing timeliness: Filed two days after the transaction date (filed 03/06/2026), which is within the standard Form 4 reporting window.

Context
This was a compensation grant to a director, not a purchase or sale; such awards are common for board compensation and do not by themselves indicate the director is buying or selling stock for investment reasons. The derivative portion carries time-based vesting/exercise dates (2028–2029) per the footnote, meaning the shares are subject to future service/vesting requirements before they convert into free-trading shares.