HANEY CECIL D 4
Research Summary
AI-generated summary
General Dynamics (GD) Director Cecil D. Haney Withholds 83 Shares for Taxes
What Happened
Cecil D. Haney, a director of General Dynamics Corporation (GD), had 83 shares of common stock withheld to satisfy tax withholding obligations related to the release of restricted shares. The shares were valued at $359.79 each, for a total withholding value of roughly $29,863. This was a tax-withholding disposition (code F), not an open-market sale or a purchase.
Key Details
- Transaction date: 2026-03-09; Filing date (Accession): 2026-03-11 (appears timely under Form 4 rules).
- Price per share: $359.79; Shares withheld/disposed: 83; Total value ≈ $29,863.
- Shares owned after transaction: not disclosed in the summary filing provided.
- Footnote: F1 — withholding of shares under the company equity compensation plan to satisfy tax withholding on released restricted shares.
- Transaction type: tax withholding (code F) — routine administrative disposition rather than a trade intended to realize gains or take a position.
Context
Tax-withholding share dispositions are common when restricted stock vests and do not necessarily indicate the insider's view of the company's prospects. This is a routine compliance action to cover tax obligations, not a market sale by choice.