General Mills (NYSE: GIS) director defers cash fee into 578 phantom stock units

Rhea-AI Filing Summary

GENERAL MILLS INC director Joan Bottarini reported an acquisition of 578 phantom stock units tied to the company’s common stock. The award, dated February 22, 2026, is recorded at a reference price of $45.36 per unit and leaves her with 578 units outstanding.

According to the filing, each common stock unit represents the right to receive the cash value of one General Mills share, rather than actual stock. Bottarini deferred a cash retainer into these units under the Deferred Compensation Plan for Non-Employee Directors. The units are payable in cash at the end of the deferral period, and she may move this investment into an alternative option at any time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bottarini Joan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	578	$45.36	$26K

Holdings After Transaction: Phantom Stock — 578 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bottarini Joan

(Last) (First) (Middle)

NUMBER ONE GENERAL MILLS BOULEVARD

(Street)

MINNEAPOLIS MN 55426

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GENERAL MILLS INC [ GIS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	02/22/2026		A		578		(1)	(1)	Common Stock	578	$45.36	578	D

Explanation of Responses:

1. Each common stock unit represents the right to receive the cash value of one share of General Mills, Inc. common stock. The reporting person deferred the receipt of a cash retainer under the Deferred Compensation Plan for Non-Employee Directors into common stock units, which are payable in cash at the end of the deferral period. The reporting person may transfer their common stock unit investment into an alternative investment at any time.

	By: Christopher A. Rauschl For: Joan Bottarini	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GENERAL MILLS INC (GIS) report for Joan Bottarini?

GENERAL MILLS INC reported that director Joan Bottarini acquired 578 phantom stock units. These units were granted as a deferred compensation award, linked to the cash value of General Mills common stock rather than actual share ownership.

How many phantom stock units did Joan Bottarini receive from GENERAL MILLS INC (GIS)?

Joan Bottarini received 578 phantom stock units. The filing shows a grant of 578 units on February 22, 2026, leaving her with a total of 578 phantom stock units credited after this deferred compensation transaction.

What does each phantom stock unit represent for GENERAL MILLS INC (GIS) directors?

Each phantom stock unit represents the right to receive the cash value of one share of General Mills common stock. Units track the stock’s value but pay out in cash, according to the deferred compensation plan for non-employee directors.

How did Joan Bottarini’s phantom stock units in GENERAL MILLS INC (GIS) arise?

Joan Bottarini’s phantom stock units arose from deferring a cash retainer into common stock units. Under the Deferred Compensation Plan for Non-Employee Directors, she chose to convert a cash fee into units tied to General Mills’ stock value.

When will Joan Bottarini receive payment for her GENERAL MILLS INC (GIS) phantom stock units?

Payment for Joan Bottarini’s phantom stock units will occur in cash at the end of the deferral period. Until then, the units track the cash value of General Mills common stock according to the terms of the deferred compensation plan.

Can Joan Bottarini change her investment in GENERAL MILLS INC (GIS) phantom stock units?

Yes, the filing states she may transfer her common stock unit investment into an alternative investment at any time. This flexibility applies within the Deferred Compensation Plan for Non-Employee Directors that governs her phantom stock units.