In 2023, Phebe N. Novakovic earned $20.72M in total compensation at General Dynamics, including $1.70M salary, $4.29M bonus and $14.04M in stock. Most recently acquired 240,740 shares in Mar 2025. Currently holds stock worth $595.59M. Has donated $11.51M in stock to charitable causes. Has led General Dynamics for over 12 years.
Compensation History
Annual executive compensation data for Phebe N. Novakovic, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$20.72M
Salary
$1.70M
Bonus
$4.29M
Other
$699.78K
Salary
$1.70MBoard Justification
General Dynamics follows a pay-for-performance philosophy, aligning CEO compensation with company performance metrics such as EPS, FCF, and operating margin. The compensation structure is designed to attract and retain top talent while ensuring alignment with shareholder interests.
Bonus
$4.29MBoard Justification
The annual incentive payout for 2023 was based on a target incentive of 185% of base salary, with an overall achievement of 136.3% of the target, reflecting the company's above-target performance in financial metrics and strategic goals.
Other Compensation
$699.78KBoard Justification
Includes perquisites such as financial planning services, home security systems, and personal use of company aircraft.
Restricted Stock
Board Justification
The vested stock includes restricted stock that vested in 2023, reflecting the completion of the service period.
Performance Metrics
The performance metrics for determining CEO compensation in 2023 included diluted earnings per share (EPS), free cash flow (FCF), and operating margin, along with strategic and operational goals.
Phebe N. Novakovic
CEO of General Dynamics
Education
Bachelor's degree from the University of Notre Dame
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
January 1, 1958 - 67 years ago
CEO of General Dynamics for
12 years 11 months (Jan 2013 - Present)
Previous Experience
President and Chief Operating Officer at General Dynamics Corporation
Other General Dynamics CEOs
Holdings
Track Phebe N. Novakovic's stock holdings and portfolio value over time.
Total Stock Sold
$100.49M
$99.88M
524,199 GD shares
$610.91K
5,723 ABT shares
What if they kept their stock?
If Phebe N. Novakovic didn't sell their stock, today they would have:
Extra GD524,199 shares worth $176.82M and ABT5,723 shares worth $715.83K.
This is 76.67% and $77.04M more than what they got when they sold the stock.
Charitable Transactions
34,115 shares
GD
Recent Charitable Transactions
4,115 shares
GD
Oct 27, 2023
Charity
30,000 shares
GD
Sep 11, 2020
Charity
Insider Trading
Phebe N. Novakovic's recent stock transactions, purchases, and sales filed with the SEC.
$34.46M
GD at $263.48/share
Mar 4, 2025
Sale
240,740 shares
GD
Mar 4, 2025
Received
$14.18M
GD at $284.45/share
Apr 26, 2024
Sale
85,803 shares
GD
Mar 5, 2024
Received
$8.56M
GD at $264.67/share
Jan 26, 2024
Sale
4,115 shares
GD
Oct 27, 2023
Charity
$7.57M
GD at $227.88/share
Aug 11, 2023
Sale
57,470 shares
GD
Mar 7, 2023
Received
$16.25M
GD at $227.46/share
Aug 8, 2022
Sale
34,700 shares
GD
Mar 1, 2022
Received
Rivals
Compare Phebe N. Novakovic with competitor CEOs and industry peers.
Christopher E. Kubasik
CEO of L3Harris Technologies
2023 Compensation
Stock
$0.00
Salary
$1.54M
Bonus
$0.00
Other
$1.06M
Total Holdings
$5.89M
Roger A. Krone
CEO of Leidos Holdings
2022 Compensation
Stock
$0.00
Salary
$1.27M
Bonus
$0.00
Other
$34.30K
Total Holdings
$379.44K
Scott C. Donnelly
CEO of Textron
2022 Compensation
Stock
$12.33M
Salary
$1.28M
Bonus
$2.70M
Other
$160.67K
Total Holdings
$1.59M
Christopher D. Kastner
CEO of Huntington Ingalls Industries
2023 Compensation
Stock
$1.78M
Salary
$1.18M
Bonus
$3.00M
Other
$160.52K
Total Holdings
$9.69M
Thomas C. Gentile III
CEO of Hexcel
2023 Compensation
Stock
$0.00
Salary
$450.00K
Bonus
$175.00K
Other
$480.76K
Total Holdings
$8.61M