Gilliland Marguerite Amy 4

What Happened

• Marguerite Amy Gilliland, Executive Vice President of General Dynamics (GD), received awards on 2026-03-04 totaling 23,951 shares: 17,410 performance stock units (PSUs, derivative) and two restricted stock grants of 3,786 and 2,755 shares. The PSUs and restricted shares were granted at $0.00 (awards). To satisfy tax withholding on the PSU release, 1,712 shares were withheld (disposed) at an effective value of $362.35 per share, totaling about $620,343. These were awards/settlements rather than open-market purchases.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely filing).
• Grants/acquisitions: 3,786 shares (restricted), 2,755 shares (restricted), and 17,410 PSUs (derivative) — all reported as acquired at $0.00.
• Withholding (disposition): 1,712 shares withheld at $362.35 each to satisfy tax obligations (approx. $620,343).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes of note:
  • F1: PSUs were originally granted in 2023, include additional units for achieved performance, and will be settled in shares; no further service-based vesting required for those PSUs.
  • F2: The 1,712-share disposition reflects share withholding to satisfy tax withholding on PSU release.
  • F3: The restricted shares are service-vested and will be released three years after grant.
  • F4: Includes activity under the company 401(k) plan since the last report.
  • F5: (Related to option exercisability timing — not directly applicable to these transactions.)

Context

• This filing reflects equity awards and standard tax-withholding rather than an open-market sale or purchase. The PSU component was earned based on prior performance metrics and will be settled in shares; the restricted stock grants have future service-based vesting. Withholding of shares for taxes is a routine disposition and does not necessarily signal a change in insider sentiment.