Rayha Mark 4

What Happened
Mark Rayha, a Vice President at General Dynamics (GD), received multiple equity awards on 2026-03-04 and had 312 shares withheld to cover tax obligations. The filing shows three award-type acquisitions totaling 22,992 shares (672; 2,370; and 19,950 shares) reported at $0.00 (awarded). Separately, 312 shares were disposed of at $362.35 per share to satisfy tax withholding, producing proceeds of $113,053. The award entries include performance stock units (PSUs), restricted stock, and derivative units.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (appears timely).
• Awards reported: 672 shares (award), 2,370 shares (restricted stock), 19,950 shares (derivative/PSUs) — all reported at $0.00 as grants/settlements. Total awarded ≈ 22,992 shares.
• Withholding: 312 shares withheld/disposed at $362.35 to cover tax withholding = $113,053. (Transaction code F = tax withholding)
• Footnotes:
  • F1: PSUs from a 2023 grant; additional units issued upon achievement of performance criteria; settled in shares; no further service-based vesting required.
  • F2: Share withholding to satisfy tax withholding on PSU release.
  • F3: Restricted stock subject to service-based vesting; to be released three years after grant.
  • F4: Includes activity under General Dynamics 401(k) plan since last report.
  • F5: Notes an option vesting schedule (50% exercisable 03/04/2028, remaining 50% 03/04/2029) for certain awards.
• Shares owned after transaction: Not specified in the Form 4 provided.

Context
This filing mainly reflects the grant/settlement of equity awards (including PSUs) and routine tax-withholding rather than an open-market sale. The 312-share disposition was a withholding to cover taxes on award settlement (a common administrative action) and not necessarily an indication of the insider selling shares for investment reasons.