Burns Mark Lagrand 4

4 · GENERAL DYNAMICS CORP · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 6, 2026

General Dynamics EVP Mark Burns Receives Stock Awards

What Happened

Mark L. Burns, Executive Vice President of General Dynamics (GD), received a total of 38,385 shares on 2026-03-04 through awards/settlements of equity (14,200 + 3,305 + 20,880).
On the same date, 6,354 shares were withheld (disposed) to satisfy tax withholding obligations at $362.35 per share, a total value of $2,302,372. The awards include performance stock units (PSUs) and restricted stock; the PSUs were settled in shares and include dividend equivalents.

Key Details

Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely filing, two days after the transaction).
Awarded shares: 14,200; 3,305; and 20,880 (total 38,385). Withheld/disposed shares for taxes: 6,354 at $362.35 ($2,302,372).
Footnotes of note:
- F1: Some shares are PSUs from a 2023 grant, which vested after performance criteria were met and will be settled in shares (includes dividend equivalents); no further service-based vesting required.
- F3: The 6,354-share disposition reflects withholding of shares under the company equity plan to satisfy tax withholding on PSU release.
- F4: Some awarded shares represent restricted stock subject to service-based vesting to be released three years after grant.
- F2/F5: Filing includes a correction of a prior reporting math error and 401(k) share activity since the last report.
Shares owned after the transactions: not specified in the provided filing excerpt.

Context

The 6,354-share action was a tax-withholding withholding (common when PSUs or restricted shares are settled) rather than an open-market sale; this is typically administrative and not a straightforward bearish signal.
PSUs were settled following achievement of performance criteria; restricted stock will vest later per plan terms.

Form 4

Period: 2026-03-04

Executive Vice President

Transactions

Award
Common Stock
[F1][F2]
2026-03-04+14,200→ 54,045.154 total
Tax Payment
Common Stock
[F3]
2026-03-04$362.35/sh−6,354$2,302,372→ 47,691.154 total
Award
Common Stock
[F4]
2026-03-04+3,305→ 50,996.154 total
Award
Stock Options
[F6]
2026-03-04+20,880→ 20,880 total
Exercise: $363.02Exp: 2036-03-03→ Common Stock (20,880 underlying)

Holdings

Footnotes (6)

[F1]Represents performance stock units (PSUs) originally granted in 2023. Includes additional units issued upon achievement of the performance criteria, as well as accrued dividend equivalents. No further service-based vesting is required. The PSUs and dividend equivalents are settled in shares of Common Stock.
[F2]The amount reported also includes the correction of an inadvertent mathematical error in Reporting Person's last ownership report.
[F3]Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs.
[F4]Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
[F5]Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
[F6]Fifty percent become exercisable on 03/04/2028 and the remaining fifty percent become exercisable on 03/04/2029.

Signature

Nicholas R. Barnaby, by Power of Attorney|2026-03-06

1 file