Smith Robert Edward 4

4 · GENERAL DYNAMICS CORP · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 6, 2026

General Dynamics (GD) EVP Robert E. Smith Receives Award; Withholds Shares

What Happened

Robert Edward Smith, Executive Vice President of General Dynamics (GD), received equity awards on 2026-03-04, and 4,994 shares were withheld to satisfy tax withholding obligations. Grant activity in the filing:
- 11,063 shares acquired as awards (no cash paid; $0.00 per share) — PSUs tied to 2023 grant performance (see footnote F1).
- 2,755 shares acquired as restricted stock subject to service-based vesting (no cash paid; $0.00 per share) (F3).
- 17,410 derivative shares granted (no cash paid; $0.00 per share) — subject to vesting/exercise schedule (F5).
- 4,994 shares were disposed (withheld) at $362.35 per share to satisfy tax withholding = $1,809,576 (F2).

Key Details

Transaction date: 2026-03-04. Form filed: 2026-03-06 (appears timely).
Withheld shares value: 4,994 shares × $362.35 = $1,809,576 (tax withholding, not an open-market sale).
Awards: PSUs (F1) include additional units for achieved performance and accrued dividend equivalents; settled in shares with no further service vesting required. Restricted stock will be released after three years (F3). Derivative award vesting: 50% on 03/04/2028 and 50% on 03/04/2029 (F5).
Shares owned after the transaction are not shown in the provided excerpt — see the full Form 4 for total post-transaction holdings.
Filing notes: F2 documents the withholding of shares to satisfy tax obligations on PSU release. No indication the filing was late.

Context

This was award/grant activity plus tax withholding — routine compensation-related equity issuance and withholding rather than an open-market purchase or discretionary sale. PSUs were earned under prior performance (2023 grant) and are being settled in shares; withheld shares represent a cashless method to cover tax obligations.

Form 4

Period: 2026-03-04

Executive Vice President

Transactions

Award
Common Stock
[F1]
2026-03-04+11,063→ 85,466.217 total
Tax Payment
Common Stock
[F2]
2026-03-04$362.35/sh−4,994$1,809,576→ 80,472.217 total
Award
Common Stock
[F3]
2026-03-04+2,755→ 83,227.217 total
Award
Stock Options
[F5]
2026-03-04+17,410→ 17,410 total
Exercise: $363.02Exp: 2036-03-03→ Common Stock (17,410 underlying)

Holdings

Footnotes (5)

[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]Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs.
[F3]Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
[F4]Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
[F5]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