General Mills (GIS) supply chain chief reports stock and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
GENERAL MILLS INC executive Jonathan David Ness, Chief Supply Chain Officer, filed an initial Form 3 reporting his existing equity interests in the company. The filing lists direct holdings of 15,088 shares of Common Stock and an additional 2,184.274 shares of Common Stock held indirectly by a trust under the General Mills Savings Plan.
He also reports multiple Non-Qualified Stock Options on Common Stock with various exercise prices and expirations, including options exercisable at $51.81 per share for 5,429 underlying shares expiring on July 30, 2035. Footnotes state that certain options vest in four equal annual installments beginning on specified June dates between 2024 and 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Ness Jonathan David
Role
Chief Supply Chain Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 5,429 shares (Direct);
Common Stock — 15,088 shares (Direct);
Common Stock — 2,184.274 shares (Indirect, by Trust)
Footnotes (1)
- Held in Trust by the Trustee of the General Mills Savings Plan. Option vests in four equal annual installments beginning on June 30, 2026. Option vests in four equal annual installments beginning on June 28, 2025 Option vests in four equal annual installments beginning on June 30, 2024
FAQ
What does General Mills (GIS) executive Jonathan David Ness report on his Form 3?
Jonathan David Ness reports his initial ownership of General Mills equity, including Common Stock and non-qualified stock options. This Form 3 does not show new trades, only his existing holdings as he becomes a reporting insider at the company.
What stock options on General Mills (GIS) does Jonathan David Ness report on his Form 3?
He reports several Non-Qualified Stock Options on General Mills Common Stock with different exercise prices and expirations. One example is an option at $51.81 per share covering 5,429 underlying shares expiring on July 30, 2035, along with similar grants at higher strike prices.
How do Jonathan David Ness’s General Mills (GIS) stock options vest?
Footnotes state that certain options vest in four equal annual installments beginning on June 30, 2024, June 28, 2025, and June 30, 2026. This structure spreads his ability to exercise the options over several years, aligning his incentives with longer-term company performance.
Does Jonathan David Ness’s Form 3 for General Mills (GIS) show any recent insider buying or selling?
The Form 3 summarizes existing holdings and lists transactions as “holding” entries with unknown transaction codes. It does not show new buy or sell transactions; instead, it establishes his baseline ownership for future comparison as a newly reportable insider.