General Dynamics (NYSE: GD) director paid board fees in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stratton John G reported acquisition or exercise transactions in this Form 4 filing.
GENERAL DYNAMICS CORP director John G. Stratton received 105 shares of Common Stock as a grant, valued at $354.31 per share. These shares were issued in lieu of cash director fees under the outside directors' compensation program and increase his direct holdings to 8,380 shares.
This is a compensation-related stock award rather than an open-market purchase or sale, so it represents routine equity-based payment for board service instead of a discretionary trade based on the company’s share price.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stratton John G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 105 | $354.31 | $37K |
Holdings After Transaction:
Common Stock — 8,380 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GENERAL DYNAMICS (GD) report for John G. Stratton?
GENERAL DYNAMICS reported that director John G. Stratton received 105 shares of Common Stock. The shares were granted at $354.31 each as part of his director compensation, being paid in stock instead of cash fees under the outside directors’ compensation program.
Was the GENERAL DYNAMICS (GD) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a stock grant, not an open-market purchase. John G. Stratton received 105 Common Stock shares as a grant coded “A,” reflecting a grant, award, or other acquisition under the outside directors’ compensation program rather than a voluntary market trade.
Why did John G. Stratton receive GENERAL DYNAMICS (GD) stock instead of cash fees?
The Form 4 footnote explains that the shares reflect stock received in lieu of director fees. This occurs under the company’s outside directors’ compensation program, which allows or requires payment of board compensation in COMMON Stock instead of traditional cash payments.