Mattis James N 4

What Happened

• James N. Mattis, a director of General Dynamics (GD), received equity awards on 2026-03-04 totaling 1,390 shares. The filing reports: 270 shares of restricted stock acquired at $0.00 and 1,120 shares recorded as a derivative award acquired at $0.00. The report lists $0 as the acquisition price for both items (typical for compensation grants); market value at grant is not stated in the Form 4.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filed two days after the grant, which is generally timely under SEC rules).
• Specifics: 270 restricted stock shares (F1) and 1,120 derivative shares/awards (F2), all reported as grants (code A).
• Vesting/exercise schedule:
  • F1: The 270 restricted shares are service-vested and will be released three years after the grant date.
  • F2: The 1,120 derivative awards become exercisable 50% on 03/04/2028 and 50% on 03/04/2029.
• Shares owned after the transaction: not disclosed in this filing.
• No cash purchase or sale occurred—these are compensation awards, not open-market trades.

Context

• These awards are compensation/retention grants rather than purchases (often used to align directors with long-term company performance). The derivative portion appears to be awards that will become exercisable in future years rather than an immediate exercise or sale. Such grants are routine for directors and do not by themselves indicate a personal investment decision to buy or sell shares.