HANEY CECIL D 4

What Happened

• Cecil D. Haney, a director of General Dynamics (GD), was granted equity awards on 03/04/2026 totaling 1,390 shares: 270 restricted stock shares and 1,120 derivative restricted-equity units. All awards were granted at $0 (no cash purchase).
• The 270 shares are restricted stock subject to service-based vesting and will be released three years after the grant date. The 1,120 derivative shares vest in two tranches: 50% on 03/04/2028 and 50% on 03/04/2029.
• This was an award/compensation grant (code A), not an open-market buy or sell.

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-06 (appears timely; Form 4 typically must be filed within two business days).
• Price: $0.00 per share (typical for compensation grants).
• Shares involved: 270 restricted shares; 1,120 derivative awards; total 1,390 shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 = 270 restricted stock shares released three years after grant. F2 = 1,120 derivative awards vest 50% on 03/04/2028 and 50% on 03/04/2029.
• Transaction code: A (Award/Grant). No indication of 10b5-1 plan, tax withholding, or late filing in the provided data.

Context

• Equity awards to directors are common compensation and reflect company pay practices rather than an immediate buy or sell signal. Vesting schedules mean the shares are subject to service/vesting conditions before becoming owned outright.
• For retail investors, outright purchases by insiders generally carry more direct informational value; awards primarily indicate compensation structure and future potential dilution.