Clarke Richard D 4

What Happened

• Richard D. Clarke, a director of General Dynamics (GD), received equity awards on March 4, 2026. The filing shows two award types: 270 shares of restricted stock granted at $0.00 (service‑based vesting) and 1,120 derivative shares granted at $0.00. The reported acquisition value is $0 for both line items (grant date awards), meaning Clarke did not pay cash for these awards at grant.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (appears timely).
• Award amounts and reported prices: 270 shares @ $0.00 (restricted stock); 1,120 derivative shares @ $0.00.
• Reported cash value at grant: $0 (grant/award valuation at issuance). Market value is not provided in the filing.
• Shares owned after the transactions: not disclosed in the provided excerpt of the filing.
• Footnotes:
  • F1: The 270 restricted shares are subject to service-based vesting and will be released three years after the grant date.
  • F2: The 1,120 derivative awards vest/exercise schedule: 50% become exercisable on 03/04/2028 and the remaining 50% on 03/04/2029.

Context

• These are grant-type awards (not open-market purchases or sales) and are commonly used for director compensation and retention; they do not by themselves indicate a buy/sell decision by the insider. The derivative award has a multi-year exercisability/vesting schedule, so any economic benefit depends on future vesting and the company’s stock price at those times.