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Jay L. Johnson served as the CEO of General Dynamics from 2003 until his retirement in 2012. During his time, he focused on strong leadership, navigating through a challenging defense market. His ability to align company goals with shareholder interests...

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Jay L. Johnson

Ex-CEO of General Dynamics

Education

Bachelor's degree from the University of Maryland

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

September 6, 1947 - 77 years ago

CEO of General Dynamics for

9 years 11 months (Jan 2003 - Dec 2012)

Previous Experience

Chairman and Chief Executive Officer at General Dynamics Corporation

Holdings

See how much did Jay L. Johnson make over time.

Throughout his tenure at General Dynamics, Jay L. Johnson had substantial holdings that reflected his confidence in the company. In 2012, he realized over $27 million from stock options, illustrating the significant value he built during his leadership. His stock...

Mar 18, 2025

Total Stock Sold

$45.91M

GD

$45.91M

625,474 GD shares

What if they kept their stock?

If Jay L. Johnson didn't sell their stock, today they would have:
Extra GD625,474 shares worth $81.89M.
This is 78.36% and $35.98M more than what they got when they sold the stock.

Charitable Transactions

WYNN

327 shares

WYNN

Recent Charitable Transactions

WYNN

327 shares

WYNN

May 15, 2019

Charity

Insider Trading

See recent insider trades of Jay L. Johnson.

WYNN

2,010 shares

WYNN

May 11, 2021

Received

WYNN

3,324 shares

WYNN

Jun 24, 2020

Received

WYNN

930 shares

WYNN

Mar 23, 2020

Received

WYNN

327 shares

WYNN

May 15, 2019

Charity

WYNN

327 shares

WYNN

May 15, 2019

Charity

WYNN

1,768 shares

WYNN

May 6, 2019

Received

WYNN

1,309 shares

WYNN

May 15, 2018

Received

WYNN

2,152 shares

WYNN

Apr 20, 2017

Received

GD

$18.16M

GD at $72.06/share

Mar 29, 2012

Sale

GD

$27.58M

GD at $73.84/share

Mar 26, 2012

Sale

Compensation History

See how much did Jay L. Johnson make over time.

Jay L. Johnson's compensation during his years as CEO of General Dynamics was mainly performance-based, aligning his interests with those of the company and its shareholders. In 2011, he earned a total of $5.48 million, with a significant portion, $3.6 million, coming from a bonus tied to company performance metrics. Even when faced with challenging market conditions, his pay reflected the company's operational successes. By 2012, his total compensation was $5.23 million, which included a lucrative retirement package. His strategy of tying executive pay to company results not only incentivized his own performance but also created a framework that supported sustainable growth. His post-retirement income from consulting further showcased how he remained connected to the company while continuing to leverage his expertise.

Year

2012

Total Compensation

$6.63M

Salary

$1.65M

Board Justification

General Dynamics ties the majority of executive compensation to company performance, aligning the interests of executives with shareholders. The compensation structure is designed to incentivize strong operational performance and long-term value creation.

Bonus

$3.60M

Board Justification

The bonus for Jay L. Johnson was determined in accordance with the provisions of his retirement agreement. He received a bonus of $3,600,000 for his services during 2012.

Other

$485.85K

Board Justification

Includes amounts reimbursed for the payment of taxes, contributions to the 401(k) Plan and allocations to the Supplemental Savings Plan, payments for term life insurance, and noncash items such as personal use of company aircraft.

Restricted Stock

$892.87K(13.09K Common Stock)

Board Justification

The vested stock represents shares of restricted stock released to Jay L. Johnson during 2012.

Performance Metrics

The performance metrics for determining compensation included earnings from continuing operations, free cash flow from operations, and return on invested capital.

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