Paddock David 4

4 · GENERAL DYNAMICS CORP · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 6, 2026

General Dynamics (GD) VP David Paddock Receives Awards; 879 Shares Withheld

What Happened

David Paddock, Vice President of General Dynamics (GD), received multiple equity awards on 2026-03-04: 1,994 shares, 1,440 shares of restricted stock, and 12,150 derivative shares (all reported as acquisitions at $0.00). To satisfy tax withholding on the PSU/share release, 879 shares were withheld/disposed at $362.35 each, generating roughly $318,506 in tax withholding value.
The awards include performance stock units (PSUs) that vested based on performance (settled in shares) and service‑based restricted stock; some awards are derivative/option-like with future exercisability dates.

Key Details

Transaction date: 2026-03-04; filing date: 2026-03-06 (timely — Form 4 filed within standard window).
Withholding sale: 879 shares withheld at $362.35 per share → roughly $318,506 to cover taxes.
Awards received (all shown at $0.00 acquisition price): 1,994 shares; 1,440 restricted shares; 12,150 derivative shares.
Shares owned after transaction: not specified in the provided summary (see the full Form 4 for exact beneficial ownership).
Notable footnotes:
- F1: PSUs originally granted in 2023 — additional units issued upon achieving performance criteria; settled in shares with accrued dividend equivalents; no further service vesting required.
- F3: Withholding of shares to satisfy tax withholding on PSU release.
- F4: 1,440 shares are restricted stock subject to three years of service-based vesting.
- F5: The 12,150 derivative shares have a staged exercisability (50% 03/04/2028; 50% 03/04/2029).
- F2: Filing includes a correction of a prior ownership reporting error.

Context

This filing reflects award settlements and routine tax-withholding (not an open‑market sale). The withheld shares were retained by the company to satisfy tax obligations on vested PSUs rather than an independent sale signaling intent.
The 12,150 derivative shares appear subject to future vesting/exercise dates (see F5); they are not immediate open‑market purchases or sales.

Form 4

Period: 2026-03-04

Vice President

Transactions

Award
Common Stock
[F1][F2]
2026-03-04+1,994→ 38,438 total
Tax Payment
Common Stock
[F3]
2026-03-04$362.35/sh−879$318,506→ 37,559 total
Award
Common Stock
[F4]
2026-03-04+1,440→ 38,999 total
Award
Stock Options
[F5]
2026-03-04+12,150→ 12,150 total
Exercise: $363.02Exp: 2036-03-03→ Common Stock (12,150 underlying)

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]The amount reported also includes the correction of an inadvertent mathematical error in Reporting Person's last ownership report.
[F3]Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of PSUs.
[F4]Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
[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