General Dynamics Management

Management criteria checks 2/4

General Dynamics' CEO is Phebe Novakovic, appointed in Jan 2013, has a tenure of 11.83 years. total yearly compensation is $22.58M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $226.76M. The average tenure of the management team and the board of directors is 1.4 years and 7 years respectively.

Key information

Phebe Novakovic

Chief executive officer

US$22.6m

Total compensation

CEO salary percentage	7.5%
CEO tenure	11.8yrs
CEO ownership	0.3%
Management average tenure	1.4yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Phebe Novakovic's remuneration changed compared to General Dynamics's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 29 2024	n/a	n/a	US$4b
Jun 30 2024	n/a	n/a	US$4b
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$23m	US$2m	US$3b
Oct 01 2023	n/a	n/a	US$3b
Jul 02 2023	n/a	n/a	US$3b
Apr 02 2023	n/a	n/a	US$3b
Dec 31 2022	US$21m	US$2m	US$3b
Oct 02 2022	n/a	n/a	US$3b
Jul 03 2022	n/a	n/a	US$3b
Apr 03 2022	n/a	n/a	US$3b
Dec 31 2021	US$24m	US$2m	US$3b
Oct 03 2021	n/a	n/a	US$3b
Jul 04 2021	n/a	n/a	US$3b
Apr 04 2021	n/a	n/a	US$3b
Dec 31 2020	US$19m	US$2m	US$3b
Sep 27 2020	n/a	n/a	US$3b
Jun 28 2020	n/a	n/a	US$3b
Mar 29 2020	n/a	n/a	US$3b
Dec 31 2019	US$18m	US$2m	US$3b
Sep 29 2019	n/a	n/a	US$3b
Jun 30 2019	n/a	n/a	US$3b
Mar 31 2019	n/a	n/a	US$3b
Dec 31 2018	US$21m	US$2m	US$3b
Sep 30 2018	n/a	n/a	US$3b
Jul 01 2018	n/a	n/a	US$3b
Apr 01 2018	n/a	n/a	US$3b
Dec 31 2017	US$22m	US$2m	US$3b

Compensation vs Market: Phebe's total compensation ($USD22.58M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Phebe's compensation has been consistent with company performance over the past year.

CEO

Phebe Novakovic (66 yo)

11.8yrs

Tenure

US$22,582,776

Compensation

Ms. Phebe N. Novakovic has been the Chairperson and Chief Executive Officer of General Dynamics Corporation since January 1, 2013 and has been its Director since May 2012. She joined General Dynamics in 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Phebe Novakovic	Chairperson & CEO	11.8yrs	US$22.58m	0.29% $ 226.8m
Jason Aiken	Executive VP of Technologies	1.8yrs	US$9.24m	0.056% $ 43.4m
Robert Smith	Executive Vice President of Marine Systems	5.3yrs	US$6.12m	0.028% $ 21.3m
Kimberly Kuryea	Senior VP & CFO	less than a year	no data	0.029% $ 22.6m
Shane Berg	Senior Vice President of Human Resources & Administration	less than a year	no data	0.0017% $ 1.3m
Nicole Shelton	Vice President of Investor Relations	less than a year	no data	no data
Gregory Gallopoulos	Senior VP	14.8yrs	US$4.21m	0.044% $ 34.4m
Elizabeth Schmid	Senior Vice President for Government Relations & Communications	less than a year	no data	no data
Marguerite Gilliland	Senior VP & President of Information Technology	9.6yrs	no data	0.016% $ 12.6m
David Paddock	President of General Dynamics Land Systems	less than a year	no data	0.0093% $ 7.2m
Danny Deep	Executive Vice President of Combat Systems	less than a year	no data	0.0096% $ 7.4m
William Moss	VP & Controller	7.6yrs	no data	0.0061% $ 4.7m

1.4yrs

Average Tenure

57yo

Average Age

Experienced Management: 0IUC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Phebe Novakovic	Chairperson & CEO	12.5yrs	US$22.58m	0.29% $ 226.8m
Robert Steel	Independent Director	3.8yrs	US$337.91k	0.00091% $ 704.0k
John Stratton	Independent Director	4.8yrs	US$319.16k	0.0027% $ 2.1m
Rudy deLeon	Independent Director	10.2yrs	US$327.91k	0.0020% $ 1.5m
Laura Schumacher	Independent Lead Director	10.8yrs	US$346.35k	0.0037% $ 2.9m
Catherine Reynolds	Independent Director	7.5yrs	US$339.16k	0.0025% $ 1.9m
C. Nye	Independent Director	6.5yrs	US$335.41k	0.0021% $ 1.6m
Mark Malcolm	Independent Director	9.3yrs	US$319.16k	0.0035% $ 2.7m
James Mattis	Independent Director	5.3yrs	US$319.16k	0.0011% $ 851.0k
Peter Wall	Independent Director	8.3yrs	US$345.41k	0.0013% $ 1.0m
Cecil Haney	Independent Director	5.7yrs	US$339.16k	0.00092% $ 711.8k
Richard Clarke	Independent Director	1.8yrs	US$287.74k	0.00025% $ 193.4k

7.0yrs

Average Tenure

67yo

Average Age

Experienced Board: 0IUC's board of directors are considered experienced (7 years average tenure).

General Dynamics Management

Management criteria checks 2/4

Key information

Recent management updates

General Dynamics Appoints Elizabeth L. Schmid as Senior Vice President for Government Relations and Communications

Insider recently sold US$3.6m worth of stock

Chairperson & CEO recently sold US$14m worth of stock

General Dynamics Corporation, Annual General Meeting, May 01, 2024

General Dynamics Corporation Announces Chief Financial Officer Changes, Effective February 15, 2024

Chairperson & CEO recently sold US$7.6m worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$3.39 (vs US$3.07 in 3Q 2023)

Upcoming dividend of US$1.42 per share

Second quarter dividend of US$1.42 announced

Second quarter 2024 earnings released: EPS: US$3.30 (vs US$2.72 in 2Q 2023)

Heritage Environmental Services, LLC agreed to acquire EBV Explosives Environmental Company from General Dynamics Corporation (NYSE:GD).

First quarter dividend of US$1.42 announced

General Dynamics Appoints Elizabeth L. Schmid as Senior Vice President for Government Relations and Communications

General Dynamics Declares Regular Quarterly Dividend on Common Stock, Payable August 9, 2024

Insider recently sold US$3.6m worth of stock

Chairperson & CEO recently sold US$14m worth of stock

First quarter 2024 earnings released: EPS: US$2.92 (vs US$2.66 in 1Q 2023)

Upcoming dividend of US$1.42 per share

General Dynamics Corporation, Annual General Meeting, May 01, 2024

Fourth quarter dividend increased to US$1.42

General Dynamics Corporation Declares Regular Quarterly Dividend, Payable May 10, 2024

Full year 2023 earnings released: EPS: US$12.14 (vs US$12.31 in FY 2022)

Upcoming dividend of US$1.32 per share at 2.1% yield

General Dynamics Corporation Announces Chief Financial Officer Changes, Effective February 15, 2024

General Dynamics Corporation Announces Quarterly Dividend, Payable on February 9, 2024

Third quarter 2023 earnings released: EPS: US$3.07 (vs US$3.29 in 3Q 2022)

Upcoming dividend of US$1.32 per share at 2.4% yield

Chairperson & CEO recently sold US$7.6m worth of stock

Senior Vice President recently sold US$3.0m worth of stock

General Dynamics Corporation Updates Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$2.72 (vs US$2.77 in 2Q 2022)

Upcoming dividend of US$1.32 per share at 2.5% yield

General Dynamics Corporation Elects Charles W. Hooper as a Member of the Board

General Dynamics Corporation Declares Regular Quarterly Dividend, Payable on August 11, 2023

Independent Director recently bought US$1.0m worth of stock

First quarter 2023 earnings released: EPS: US$2.66 (vs US$2.64 in 1Q 2022)

Upcoming dividend of US$1.32 per share at 2.3% yield

General Dynamics Elects Richard Clarke to Board of Directors

Full year 2022 earnings released: EPS: US$12.31 (vs US$11.61 in FY 2021)

Upcoming dividend of US$1.26 per share

General Dynamics Corporation Announces Changes to its Executive Vice President of the Technologies Segment

General Dynamics Corporation Declares Quarterly Dividend, Payable on February 10, 2023

Third quarter 2022 earnings released: EPS: US$3.29 (vs US$3.09 in 3Q 2021)

Upcoming dividend of US$1.26 per share

Senior VP recently sold US$2.5m worth of stock

General Dynamics Corporation Declares Dividend, Payable on November 10, 2022

Second quarter 2022 earnings released: EPS: US$2.77 (vs US$2.63 in 2Q 2021)

Upcoming dividend of US$1.26 per share

General Dynamics Appoints Charles F. Krugh as President of Bath Iron Works

Senior VP recently sold US$2.5m worth of stock

First quarter 2022 earnings released: EPS: US$2.63 (vs US$2.49 in 1Q 2021)

Upcoming dividend of US$1.26 per share

General Dynamics Board Declares Regular Quarterly Dividend, Payable on May 6, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$1.19 per share

Third quarter 2021 earnings released: EPS US$3.09 (vs US$2.91 in 3Q 2020)

Upcoming dividend of US$1.19 per share

Second quarter 2021 earnings released: EPS US$2.63 (vs US$2.18 in 2Q 2020)

General Dynamics Corporation(NYSE:GD) dropped from Russell 1000 Dynamic Index

Upcoming dividend of US$1.19 per share

General Dynamics Declares Regular Quarterly Dividend, Payable August 06, 2021

Independent Director has left the company

First quarter 2021 earnings released: EPS US$2.49 (vs US$2.45 in 1Q 2020)

Upcoming dividend of US$1.19 per share

New 90-day high: US$167

Full year 2020 earnings released: EPS US$11.04 (vs US$12.09 in FY 2019)

Revenue misses expectations

General Dynamics Elects Robert K. Steel as Director of the Corporation and Finance and Benefit Plans Committee

Full year 2020 earnings released: EPS US$11.04 (vs US$12.09 in FY 2019)

Revenue misses expectations

New 90-day high: US$157

Upcoming Dividend of US$1.10 Per Share

Market bids up stock over the past week

New 90-day high: US$206

Market bids up stock over the past week