Berg Shane 4

4 · GENERAL DYNAMICS CORP · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 6, 2026

General Dynamics (GD) Senior VP Shane Berg Receives Awards; Withholds 894 Shares

What Happened

Shane Berg, Senior Vice President of General Dynamics (GD), received equity awards on 2026-03-04: 1,964 shares (awarded), 1,805 shares (restricted stock), and 15,170 shares reported as derivative awards (PSUs). All awards show $0 purchase price because they are stock awards/PSU settlements. To satisfy tax withholding on the PSU release, 894 shares were withheld/disposed at $362.35 each, generating $323,941. These actions were reported on a Form 4 filed 2026-03-06.

Key Details

Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely filing).
Awards: 1,964 shares (grant), 1,805 shares (restricted stock), 15,170 PSUs/derivative units — all reported at $0 acquisition price.
Withholding (tax): 894 shares disposed at $362.35 for $323,941 to satisfy tax obligations.
Footnotes: F1 = PSUs initially granted in 2023, include additional units for achieved performance and dividend equivalents; settled in common stock with no further service vesting. F2 = shares withheld to satisfy tax withholding on PSU release. F3 = restricted stock subject to service-based vesting, released three years after grant. F4 = option exercisability schedule (50% 03/04/2028, 50% 03/04/2029).
Shares owned after the transaction are not specified in the provided excerpt.

Context

This was primarily an equity award/settlement (not an open-market purchase) and a routine tax-withholding sale to cover obligations on vested PSUs. Withholding of shares to satisfy taxes is common and should not be read as a typical investment sale. The PSUs were performance-based units settled in stock (per F1), while some awarded restricted shares remain subject to future service-based vesting (per F3).

Form 4

Period: 2026-03-04

Senior Vice President

Transactions

Award
Common Stock
[F1]
2026-03-04+1,964→ 9,338 total
Tax Payment
Common Stock
[F2]
2026-03-04$362.35/sh−894$323,941→ 8,444 total
Award
Common Stock
[F3]
2026-03-04+1,805→ 10,249 total
Award
Stock Options
[F4]
2026-03-04+15,170→ 15,170 total
Exercise: $363.02Exp: 2036-03-03→ Common Stock (15,170 underlying)

Footnotes (4)

[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]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