Phebe N. Novakovic

Board

Since January 1, 2013

Age

65 years

Tenure

Began career at GD in 2002 as Vice President of Strategic Planning, advanced through roles including Senior Vice President, Executive Vice President, and President and Chief Operating Officer, and assumed the role of Chairman and Chief Executive Officer in January 2013.

Also at GENERAL DYNAMICS

Danny Deep

Executive Vice President, Combat Systems

GSG

Gregory S. Gallopoulos

Senior Vice President, General Counsel, and Secretary

JWA

Jason W. Aiken

Executive Vice President, Technologies

About

Phebe N. Novakovic was born in 1957 and is recognized as a seasoned leader in the defense and aerospace sectors. Her personal background reflects decades of experience and dedication, although specific details regarding her early education remain undisclosed.

She began her career at General Dynamics in 2002 as Vice President of Strategic Planning. Over the years, she progressed through various leadership roles, including Senior Vice President, Executive Vice President, and President and Chief Operating Officer, which set the stage for her eventual appointment as Chairman and Chief Executive Officer in January 2013.

In her current role, she has been instrumental in driving strategic growth and operational excellence at GD. Her tenure is marked by significant contract wins and an unwavering focus on innovation and efficiency, while also serving on corporate boards and contributing to broader industry insights.

$GD Performance Under Phebe N. Novakovic

Past Roles

Organization	Role	Date Range	Details
Abbott Laboratories	Director	N/A	Previously served as a director within the past five years
General Dynamics	President and Chief Operating Officer	May 2012 - December 2012	Held prior to becoming Chairman and CEO in January 2013
General Dynamics	Executive Vice President, Marine Systems	May 2010 - May 2012	Held prior to becoming Chairman and CEO in January 2013
General Dynamics	Senior Vice President, Planning and Development	July 2005 - May 2010	Held prior to becoming Chairman and CEO in January 2013
General Dynamics	Vice President, Strategic Planning	October 2002 - July 2005	Held prior to becoming Chairman and CEO in January 2013

External Roles

Organization	Role	Date Range
J.P. Morgan Chase & Co.	Director	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,700,000	Annually	Fixed base compensation
All Other Compensation	$699,783	Annually	Includes $34,000 for Registrant Contributions to Nonqualified Deferred Compensation Plan ; other components not detailed

Performance Compensation

Data from FY 2023

Annual Incentive Plan (AIP)

Metric	Value	Details
Base Salary	$1,700,000	Used as the basis for incentive calculations
Target Incentive (% of Base)	185%	Target incentive relative to base salary
Target Incentive Amount	$3,145,000	Calculated as 185% of base salary
Maximum Incentive (% of Target)	200%	Maximum payout multiplier
Overall Achievement	136.3%	Actual achievement relative to target
Annual Incentive Payout	$4,287,000	Paid in the subsequent year (2024) based on 2023 performance
Performance Metrics	N/A	Includes Diluted EPS, Free Cash Flow, Operating Margin, and Strategic & Operational Goals

Long-Term Incentive Plan (LTI)

Performance Stock Units (PSUs)

Metric	Value	Details
Performance Metric	ROIC over 2023-2025	Primary metric subject to performance over a three-year period, with an rTSR modifier applied
Threshold Payout	33% of PSUs awarded	Minimum performance required to earn any PSUs
Target Payout	100% of PSUs awarded	Expected PSU award on meeting performance objectives
Maximum Payout	200% of PSUs awarded	Cap at double the target if maximum ROIC achieved with rTSR modifier adjustments
Vesting Schedule	Cliff-vest at end of 2025	PSUs vest after the three-year performance period (2023-2025)
Grant Date	March 8, 2023	Specific grant date for the PSU awards
Grant Date Fair Value	$11,246,277	Fair value determined based on the target payout
Grant Date Stock Price	$227.06	Closing price on the grant date

Restricted Stock Awards

Metric	Value	Details
Award	13,620 shares	Restricted stock granted to the executive
Vesting Schedule	Cliff-vest after 3 years	Vesting occurs at the end of the performance period, subject to continuous service

Option Awards

Metric	Value	Details
Grant Date	March 8, 2023	Date on which option awards were granted
Grant Date Fair Value	$4,649,716	Fair value assigned at grant
Exercise/Base Price	$227.58	Average of high and low prices on the grant date
Vesting Schedule	Not specified	No detailed vesting schedule provided; accelerated vesting on death or total and permanent disability
Performance Metrics	Not specifically provided	Options follow equity incentive guidelines; detailed performance measures are not provided

Note: The AIP and LTI components together form the performance compensation for 2023. While precise weights for each performance metric are not disclosed, the payout outcomes are documented. Option awards lack specific performance metric details.