Aiken Jason W 4
4 · GENERAL DYNAMICS CORP · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
General Dynamics (GD) EVP Jason Aiken Receives Awards, Withholds Shares
What Happened
Jason W. Aiken, Executive Vice President of General Dynamics (GD), received equity awards and had shares withheld to cover tax obligations on March 4, 2026. The Form 4 shows acquisitions of 17,935 shares (performance stock units settled in shares), 3,305 shares (restricted stock subject to service vesting), and 20,880 derivative shares (award with future exercisability). To satisfy tax withholding on the released PSUs, 8,089 shares were surrendered/withheld at $362.35 per share, totaling approximately $2,931,049. These acquisitions are reported at $0.00 per share because they are awards/settlements rather than open-market purchases.
Key Details
- Transaction date: 2026-03-04; Form filed 2026-03-06 (appears timely).
- Disposal: 8,089 shares withheld at $362.35/share = $2,931,049 (tax withholding).
- Acquisitions: 17,935 PSU shares; 3,305 restricted shares; 20,880 derivative/award shares — all reported as awards (no cash purchase price).
- Shares owned after the transactions: not specified in this Form 4.
- Relevant footnotes from the filing:
- F1: PSUs originated in 2023, include additional units for achieved performance and accrued dividend equivalents; settled in shares with no further service vesting.
- F2: Withholding of shares to satisfy tax obligations on release of PSUs (explains the 8,089-share disposition).
- F3: 3,305 restricted shares subject to service-based vesting; to be released three years after grant.
- F4: Includes share activity under the Reporting Person’s 401(k) since last ownership report.
- F5: Certain derivative awards/exercises become exercisable 50% on 03/04/2028 and 50% on 03/04/2029 (vesting/exercise schedule).
Context
- The 8,089-share disposition was a withholding to cover taxes on vested PSUs, not an open-market sale. Such withholdings are routine and do not necessarily indicate a trading decision.
- The PSUs were settled in shares and require no additional service vesting; restricted shares and some derivative awards retain future service/exercise conditions per the footnotes.
- No evidence in this filing of a 10b5‑1 plan or late filing; the Form 4 appears to have been filed within the standard reporting window.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-04+17,935→ 191,641 total - Tax Payment
Common Stock
[F2]2026-03-04$362.35/sh−8,089$2,931,049→ 183,552 total - Award
Common Stock
[F3]2026-03-04+3,305→ 186,857 total - Award
Stock Options
[F5]2026-03-04+20,880→ 20,880 totalExercise: $363.02Exp: 2036-03-03→ Common Stock (20,880 underlying)
- 13.605(indirect: By 401(k))
Common Stock
[F4]
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]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]Includes share activity under General Dynamics 401(k) plan since date of Reporting Person's last ownership report.
- [F5]Fifty percent become exercisable on 03/04/2028 and the remaining fifty percent become exercisable on 03/04/2029.