Mark Calaway Net Worth

Mark Rayha Net Worth: Estimate, Sources, and Wealth Breakdown

Photo of Mark Rayha General Dynamics Electric Boat president

Mark Rayha's net worth is estimated at roughly $3 million to $4 million as of early 2026, based entirely on his disclosed insider holdings of General Dynamics (GD) stock. That figure comes from SEC Form 4 filings and is tracked by financial data sites like GuruFocus, Insidertrades.com, and PortfolioSavvy. It does not capture his salary, bonuses, real estate, or any other personal assets, so his actual total net worth is almost certainly higher than those published numbers suggest.

Who is Mark Rayha and why are people searching his net worth?

Anonymous executive in a modern office reviewing documents with a blurred defense harbor in the background.

Mark Rayha is the President of General Dynamics Electric Boat, the submarine-building division of General Dynamics that constructs nuclear submarines for the U.S. Navy. He stepped into that president's office on December 1, 2024, succeeding Kevin Graney who retired. Electric Boat is based in Groton, Connecticut, and is one of the most strategically critical defense contractors in the country. Being named president of it is a very big deal in the defense and business world.

He was ranked #14 in the Hartford Business Journal's 2025 Power 50 list, published in April 2025, which reflects just how prominent he has become in Connecticut's business landscape. People search his net worth because he leads a multi-billion-dollar defense enterprise and because his SEC insider trading filings are publicly visible, which makes financial aggregator sites pick him up and display estimated figures that attract curious searches. If you want the headline figures people are searching for, see the mark reay net worth discussion for a quick summary.

There is also a separate Mark Rayha listed as manager of American Overseas Marine Company, LLC, a North Quincy, MA entity incorporated in January 2012. It is worth noting this because some business registry data conflates the two. Based on everything publicly documented, the Mark Rayha most people are searching for is the General Dynamics Electric Boat executive, not the LLC manager, though both have a maritime industry connection worth flagging.

Current net worth estimates: what the numbers actually mean

Here is what the main data sources show as of early 2026, and what each one is actually measuring:

SourceEstimateAs of DateWhat It Measures
GuruFocusAt least $4 millionMarch 15, 2026SEC insider share holdings value
Insidertrades.comAt least $2.70 millionFebruary 13, 2026GD stock holdings after Feb 2026 sale
PortfolioSavvyAt least $2.96 millionNovember 24, 2025Disclosed insider ownership value
MarketScreener~$3 millionDecember 30, 2025Insider equity profile estimate

Notice the word 'at least' in almost every one of those descriptions. These sites are not estimating his total wealth. They are doing a simple calculation: take the number of General Dynamics shares Rayha holds per his latest Form 4 filing, multiply by the current stock price, and report that number. In February 2026, he sold 4,370 shares for roughly $1.5 million. That sale reduced his disclosed holding count, which is why Insidertrades.com showed a lower figure after that transaction than GuruFocus showed a month later (likely reflecting the value of remaining and newly exercised shares). The fluctuation is normal and expected.

Think of it this way: if a senior executive at a major defense company has $3 to $4 million in just their company stock, their real net worth including salary accumulation, bonuses, retirement accounts, real estate, and other investments is very likely well above that floor. A realistic total net worth estimate for someone at Rayha's career level is probably in the $5 million to $15 million range, but that is an informed inference, not a documented figure.

How Mark Rayha makes money

Industrial shipyard scene with a generic submarine under construction and an anonymous worker in the background.

Rayha's wealth is built almost entirely on a long, steady corporate career inside General Dynamics. He joined General Dynamics Land Systems in 1989 and spent decades building institutional knowledge across multiple divisions. That kind of career arc, starting in the late 1980s and climbing to a divisional presidency by 2024, is a classic picture of compounding executive compensation over 35-plus years.

His specific role progression at Electric Boat tells you a lot about how his income trajectory accelerated. He joined Electric Boat in January 2020 as Vice President of Finance. By July 2021 he became CFO. In September 2023 he was elevated to Senior Vice President and Chief Operating Officer. Then in December 2024 he became President. Each step up that ladder would have come with a meaningful increase in base salary, bonus potential, and equity compensation.

As President of Electric Boat, a division that builds Virginia-class and Columbia-class nuclear submarines under contracts worth tens of billions of dollars, Rayha's total annual compensation almost certainly includes a substantial base salary (likely in the range of several hundred thousand dollars at minimum for a role at this level in defense), performance bonuses tied to contract milestones, and annual equity grants in General Dynamics stock. Those equity grants are where the SEC filings come from, and they are a core driver of his documented net worth.

Assets, wealth drivers, and what we actually know

The clearest asset on record is his General Dynamics stock. SEC EDGAR lists Rayha Mark with CIK 2048528 as an insider for General Dynamics Corp. His Form 4 filings document both direct share ownership and indirect holdings, including shares held through a 401(k) plan. That 401(k) detail, visible in some of the transaction coverage, is a small but telling sign: this is someone who has been consistently investing over a long career, not just accumulating stock through recent grants.

The February 2026 transaction, where he sold approximately 4,370 shares for about $1.5 million, was likely either a planned sale (executives often file 10b5-1 plans to sell on a scheduled basis) or a tax-related event tied to vesting. Selling does not mean concern about the company. It is standard executive practice. He also had options exercised alongside that sale, which means new shares entered his ownership picture at the same time old ones left.

Beyond stock, reasonable wealth drivers for someone of his tenure would include real estate (Connecticut, where Electric Boat is based, has substantial home values in executive-friendly areas), retirement savings accumulated over 35 years, and deferred compensation plans common at large defense contractors. None of these are publicly documented, which is exactly why the published estimates are floors, not ceilings.

Lifestyle, spending, and what to watch for

Rayha maintains a notably low public profile for someone running one of America's most important defense manufacturers. There is no visible social media presence, no lifestyle journalism, and no documented luxury spending. That is actually common in the defense executive world, where leaders tend to stay out of the spotlight for professional and sometimes security-related reasons.

There are no public records of bankruptcies, lawsuits, or financial red flags tied to Mark Rayha. His career trajectory, 35 years of continuous employment at the same corporation with consistent upward movement, is the opposite profile of someone with financial instability. His appearances in public records are limited to SEC filings, official press releases, Navy commissioning events, and conference attendee lists, all of which paint a picture of a buttoned-up, institutionally respected executive.

The one thing worth watching going forward is how his equity compensation evolves now that he holds the top role at Electric Boat. Presidents of major defense divisions typically receive larger annual equity grants than COOs or CFOs. As those grants vest and appear in Form 4 filings over the next few years, the published insider-based net worth estimates will likely climb noticeably.

How his wealth likely changed over time

Rayha's financial trajectory follows a slow-build, late-acceleration pattern that is typical of long-tenured defense executives. Here is a rough picture of how it likely evolved:

  1. 1989 to 2019: Solid but not spectacular wealth accumulation. Three decades at General Dynamics Land Systems and other divisions would have produced consistent salary growth, 401(k) contributions, and modest equity participation. Net worth probably in the low to mid seven figures by the late 2010s, driven largely by retirement savings and home equity.
  2. January 2020 to July 2021 (VP Finance, then CFO at Electric Boat): Joining Electric Boat as a VP and quickly becoming CFO would have triggered a compensation step-up and larger equity grants. Form 4 filings for General Dynamics insiders at this level start to show meaningful stock accumulation.
  3. September 2023 (Senior VP and COO): Another promotion, another compensation increase. By this point his documented insider holdings were likely approaching the $2 to $3 million range in GD stock alone.
  4. December 2024 (President): The biggest career milestone. Presidential-level compensation at a major defense division almost certainly brought a significant base salary increase, larger annual equity grants, and enhanced bonus targets. This is the inflection point where his total compensation likely crossed into the territory that will push documented holdings well above $4 million over coming years.
  5. February 2026: Sold approximately $1.5 million in GD stock, which is consistent with a planned liquidity event or tax-related sale after equity vesting. Remaining and newly granted holdings keep the documented net worth in the $3 to $4 million range as of early 2026.

How to verify this yourself and find better data

Minimal desk scene with laptop and magnifying glass suggesting checking SEC filings and public records.

If you want to go beyond the aggregator estimates and check the actual source data, here is exactly how to do it:

  1. Go to SEC EDGAR (sec.gov/cgi-bin/browse-edgar) and search for 'Rayha Mark' as a reporting person. His CIK is 2048528. You can pull every Form 4 filing directly and see the exact number of shares held, the transaction prices, and whether holdings are direct or indirect.
  2. Check the filing dates. The most recent Form 4 in the research data is from November 24, 2025, and the February 2026 sale was also covered. Always look at the most recent filing to get the current holding count, then multiply by GD's current share price to get your own insider-equity estimate.
  3. Cross-reference against GuruFocus, Insidertrades.com, and PortfolioSavvy to see if their numbers match your calculation. If they differ significantly, check whether they are using an older filing date or a lagging stock price.
  4. For career and role verification, use the official General Dynamics Electric Boat press releases and the August 1, 2024 announcement of his succession to President. The Hartford Business Journal 2025 Power 50 profile is also a solid secondary confirmation of his current standing.
  5. Do not treat any of the published 'net worth' figures as total personal wealth. Every source that publishes an estimate for Mark Rayha explicitly states it is based only on SEC-disclosed stock holdings. His actual net worth is higher, just not publicly documented.
  6. Watch for future proxy statement disclosures. While Rayha himself is not a named executive officer in General Dynamics' main proxy (he heads a subsidiary, not the parent company), any future reorganization or additional public disclosures could surface more detailed compensation data.

Putting it in context: what this net worth really tells you

A $3 to $4 million documented insider-equity figure for a newly appointed president of a major defense division is actually on the modest side compared to what you might expect. That is not a red flag but rather a function of how defense executive wealth gets built: most of the compensation comes through salary, bonuses, and retirement plans that are never itemized in public filings. Equity at this level is one piece of a much larger picture.

For context, other notable Marks in business and industry leadership roles often show similar patterns where documented public equity is just the visible tip of a larger wealth structure. Executives in defense, unlike some in entertainment or sports, rarely have their full financial picture on display, which is why the research process matters more than the headline number.

The bottom line is this: the most honest answer to 'what is Mark Rayha's net worth' is that it is at least $3 to $4 million in General Dynamics stock as of early 2026, and likely $5 million to $15 million or more when you account for 35 years of career earnings, retirement accounts, and real estate. If you're specifically wondering about Mark Recchi's net worth, you'll find a similar story of how reported wealth can differ from total assets mark recchi net worth. If you need a single working number for research purposes, $4 million is the most current documented floor, sourced from GuruFocus as of March 2026. Just remember it is a floor, not a ceiling.

FAQ

Why do different websites show different Mark Rayha net worth numbers even though they all cite SEC filings?

Those sites usually compute a snapshot by multiplying the number of General Dynamics shares (direct and sometimes certain indirect buckets like 401(k) plan shares) reported in the latest SEC Form 4 by the current share price. If the share price moves between the filing date and “now,” the displayed value can jump even if he holds the same shares.

Does the SEC insider data include Mark Rayha’s retirement accounts, real estate, and other assets?

A Form 4 only reflects holdings and certain transactions reported for that reporting period, it does not list the full value of retirement accounts, real estate, or private investments. That is why you should treat the “net worth” figures as minimums tied to disclosed stock ownership, not a full balance sheet.

If Mark Rayha sold shares recently, does that mean his wealth is going down?

Yes. When insiders sell shares, their disclosed share count usually drops, which lowers the “insider-equity” value computed by aggregators. If you see a lower net worth number right after a sale, it often just means the calculation is using the reduced remaining share count, not that his overall finances deteriorated.

How can I tell whether Mark Rayha’s share sale was planned (like a 10b5-1 plan) versus something unusual?

Look for whether the filing mentions a 10b5-1 plan, option exercises, or tax-related withholding. Planned sales and option exercises are common and can be consistent with normal compensation vesting, meaning you should not infer motive from a single sale without reading the transaction notes.

Why might Mark Rayha’s insider-based estimate seem “behind” his current compensation level?

Net worth estimates can lag reality because equity grants and vesting occur over time. After a new grant or vesting cycle, you might not see the full increase reflected until the relevant Form 4s are filed, so the published “floor” may trail his actual current wealth.

What’s the best way to reconcile discrepancies between insider-equity totals and the estimated net worth dollars?

Some aggregators may present different totals if they treat indirect holdings differently (for example, certain plan-reported shares versus only direct shares). The cleanest approach is to compare the underlying Form 4 share counts and transaction dates rather than relying only on the aggregator’s final dollar figure.

If the insider-based stock total is only a few million, how can his total net worth still be higher?

Executives can have compensation exposure beyond equity, such as deferred compensation and retirement plan accumulation, which generally will not show up in Form 4. So a “low” insider-equity figure does not mean low total wealth, especially for long-tenured executives with sizable non-stock compensation history.

How do I make sure I’m looking at the correct Mark Rayha and not a different person with the same name?

He has at least one other individual name match listed in business registry data, which can cause conflation. If you are trying to be precise, use the SEC CIK tied to General Dynamics (not general web listings) to ensure you are following the same person.

Why does Mark Rayha’s estimated net worth change even when there is no new Form 4 filing?

Because the “floor” depends on share price at the time of the snapshot, you can see day-to-day swings without any new filings. When comparing estimates over time, compare them using filing dates or a consistent “as of” timestamp rather than random crawl dates.

What filings or events should I watch to track how Mark Rayha’s disclosed equity (and the estimate) may change?

The next meaningful update usually comes after major equity events such as annual grants, vesting milestones, and any scheduled 10b5-1 sales. Monitoring for Form 4 filings filed shortly after vesting windows (often once or multiple times per year) is more useful than checking only major news.

Citations

  1. There is a clearly documented Mark Rayha who is an executive at General Dynamics—specifically Electric Boat—and has a long General Dynamics tenure starting in 1989 (Land Systems).

    https://www.gd.com/Articles/2014/09/08/general-dynamics-consolidate-two-information-systems-and-technology

  2. General Dynamics announced on Aug 1, 2024 that Kevin Graney would retire at the end of the year and that Mark Rayha (then Senior VP & Chief Operating Officer of Electric Boat) would become President of Electric Boat effective Dec 1, 2024.

    https://investorrelations.gd.com/news/press-release-details/2024/General-Dynamics-Announces-Rayha-to-Succeed-Graney-as-President-of-Electric-Boat/default.aspx

  3. Seapower published the same Aug 1, 2024 General Dynamics announcement, including the Effective December 1 succession timing for Mark Rayha’s President role.

    https://seapowermagazine.org/general-dynamics-announces-rayha-to-succeed-graney-as-president-of-electric-boat/

  4. Electric Boat’s christening/media bio page states Rayha joined in January 2020 as VP Finance, became CFO in July 2021, became Senior VP & Chief Operating Officer in September 2023, and later became President (with the bio explicitly describing progression through those roles).

    https://www.gdebchristenings.com/media.html

  5. Hartford Business Journal’s “2025 Power 50: Mark Rayha” profile states that Mark Rayha “stepped up to the president’s office at Electric Boat in December 2024.”

    https://www.hartfordbusiness.com/article/2025-power-50-14-mark-rayha

  6. Another distinct Mark Rayha identity appears in business registry data as a manager/principal of “AMERICAN OVERSEAS MARINE COMPANY, LLC” (North Quincy, MA), with incorporation shown as Jan 26, 2012 and named as a manager/principal on the listing.

    https://bisprofiles.com/fl/american-overseas-marine-company-m12000000508

  7. The SEC lists a “Rayha Mark” (CIK 2048528) as an insider reporting person for General Dynamics Corp (GD), with Form 4 filings tied to equity transactions.

    https://www.sec.gov/Archives/edgar/data/2048528/000204852826000004/xslF345X03/ownership.xml

  8. A specific SEC Form 4 filing for Rayha Mark is shown as filed on Nov 24, 2025 (accession detail page shows the filing date/time and the reporting person).

    https://www.sec.gov/Archives/edgar/data/40533/000119312525293610/0001193125-25-293610-index.htm

  9. At least one online net-worth figure for “Mark Rayha” is presented by GuruFocus as “at least $4 Million” as of 2026-03-15, explicitly describing that the estimate is derived from SEC insider holdings (final shares held after open market or private purchases/sales; and it cautions it may not reflect actual net worth beyond those shares).

    https://www.gurufocus.com/insider/266726/mark-rayha

  10. Insidertrades.com presents an “at least $2.70 million” estimate for Mark Rayha as of Feb 13, 2026, and states it is based on General Dynamics stock ownership (and cautions it does not reflect other investments).

    https://www.insidertrades.com/general-dynamics-co-stock/mark-rayha/

  11. Portfoliosavvy.com presents an “at least $2.96M” estimate as of Nov 24, 2025, describing the figure as based on disclosed insider holdings/ownership value (in the context of General Dynamics shares).

    https://portfoliosavvy.com/insider/0002048528-rayha-mark

  12. MarketScreener also presents a net worth figure for Mark Rayha (e.g., “Net worth: 3 M $ as of 2025-12-30”), tied to its profile for the General Dynamics/Electric Boat executive identity.

    https://www.marketscreener.com/insider/MARK-RAYHA-A24YMB/

  13. SEC Form 4-based transaction coverage indicates that Rayha Mark sold 4,370 shares of General Dynamics on Feb 13, 2026 for approximately $1.5 million, and the coverage notes options exercised for additional shares (i.e., evidence of both realized sales and equity compensation/beneficial ownership changes).

    https://www.investing.com/news/insider-trading-news/rayha-mark-vice-president-at-general-dynamics-sells-15m-in-stock-93CH-4510020

  14. TradingView news (citing Reuters-style SEC event reporting) states Rayha Mark is a Vice President and 10% Owner, and that he sold 100 shares for $33,990 on Nov 20, 2025; it also notes direct and indirect holdings via a 401(k) plan after the transaction.

    https://www.tradingview.com/news/tradingview%3Aeb9abf4ad72e7%3A0-general-dynamics-vp-sells-shares/

  15. Equilar ExecAtlas (bio aggregator) states Rayha joined Electric Boat in January 2020 as vice president of Finance and became CFO in July 2021.

    https://people.equilar.com/bio/person/mark-rayha-general-dynamics-corporation/28399909

  16. Electric Boat President Mark Rayha is mentioned by the US Navy as “Mark Rayha, president, General Dynamics Electric Boat” in connection with Navy commissioning-related coverage (indicating public-facing role confirmation).

    https://www.navy.mil/DesktopModules/ArticleCS/Print.aspx?Article=4146098&ModuleId=685&PortalId=1

  17. A supplier association attendee list PDF includes Mark Rayha as “Electric Boat | Vice President” and includes his name in the attendee list (another form of role/location verification in public event documentation).

    https://submarinesuppliers.org/wp-content/uploads/2023/03/Supplier-Day-2023-Attendee-List-3.7.23.pdf

  18. The Connecticut Office of the State Treasurer/CT Investor Conference PDF includes Mark Rayha as “Vice President & CFO of General Dynamics Electric Boat” giving a keynote (income plausibility via senior executive pay + equity compensation is consistent with CFO role).

    https://portal.ct.gov/-/media/ott/press-room/press-releases/2023/ctinvestorconference.pdf

  19. General Dynamics’ 2014 restructuring announcement (Mission Systems formation context) can be used as corporate timeline background for where Rayha’s Mission Systems CFO role would plausibly sit within the company’s structural evolution.

    https://www.gd.com/Articles/2014/09/08/general-dynamics-consolidate-two-information-systems-and-technology

  20. There is at least one documented corporate role milestone timeline for Rayha in Electric Boat bio and news releases: VP Finance (Jan 2020) → CFO (July 2021) → Senior VP & COO (Sept 2023) → President effective Dec 1, 2024.

    https://seapower.com?

  21. The SEC/insider-trading mechanism suggests why published net worth estimates move over time: these sites recompute stock value based on the most recent Form 4 holdings and share counts, and those holdings change when stock is sold (and/or when options are exercised).

    https://www.sec.gov/Archives/edgar/data/2048528/000204852826000004/xslF345X03/ownership.xml

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