Deep Danny 4

What Happened
Deep Danny, Executive Vice President of General Dynamics (GD), received a mix of stock awards on 2026-03-04: 3,125 shares, 3,855 shares, and 24,380 derivative shares (total 31,360 shares) granted/issued at $0.00 (awards/PSUs/restricted stock). To satisfy tax withholding on the PSU release, 1,410 shares were surrendered/withheld (reported as a disposition) at an implied price of $362.35 per share, totaling $510,914. The awards include performance stock units that vested based on prior performance and are settled in shares.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely).
• Codes: A = award/grant/acquisition (31,360 shares at $0.00); F = withholding to satisfy tax liability (1,410 shares at $362.35, $510,914).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: The PSUs were originally granted in 2023, adjusted upward upon achievement of performance criteria and include accrued dividend equivalents; settled in shares and no further service vesting required.
  • F2: The 1,410 shares were withheld under the company equity plan to cover tax withholding on PSU release.
  • F3: Some shares represent restricted stock subject to three-year service vesting.
  • F4: (Related disclosure) a separate option tranche vests 50% on 03/04/2028 and 50% on 03/04/2029.
• Filing timeliness: Filed two days after the transaction date (appears timely).

Context

• The primary activity was receipt of awards (PSUs/restricted stock), not an open-market purchase or sale. Awards are compensation-based and do not necessarily indicate a buy/sell signal.
• The disposition (F) reflects share withholding to cover tax obligations on the award—this is a routine administrative step, not a voluntary market sale for cash.
• Derivative/PSU settlements convert performance units into shares when performance conditions are met; here they were settled in shares rather than cash.