[Form 4] General Mills, Inc. Insider Trading Activity

Rhea-AI Filing Summary

General Mills, Inc. (GIS) Form 4 filing dated 07/02/2025 details equity transactions by Chief Technology Officer Jaime Montemayor on 06/30/2025.

• Common-stock activity: 12,546 shares were acquired at a stated price of $0.00 (likely the vesting of previously awarded RSUs). Immediately thereafter, 726 shares were withheld for taxes and disposed of at $51.81, leaving the executive with 90,100.029 directly held shares.
• Option grant: Montemayor received a non-qualified stock-option award for 62,730 shares at an exercise price of $51.81. The option vests in four equal annual installments beginning 30 Jun 2026 and expires 30 Jul 2035.

Post-transaction, the CTO holds 90,100 common shares and 62,730 unexercised options. The filing indicates continued accumulation of equity by a key executive, with only a small portion of shares sold to satisfy tax obligations. No open-market sale of company stock occurred.

Positive

• Net increase in insider ownership: CTO added 12,546 shares and 62,730 options, signalling confidence and aligning incentives.
• Long-term vesting schedule: Four-year graded vesting promotes retention and long-term value creation.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine compensation grant—executive net share accumulation; neutral impact on GIS valuation.

The award of 62.7k options at-the-money and 12.5k stock units increases managerial alignment but is standard annual compensation. The 726-share tax sale (≈0.8% of new shares) is immaterial. There is no indication of insider bearish sentiment or large cashing-out. From a valuation perspective, potential dilution is negligible for a company with ~600 million shares outstanding. Overall, the filing is informative for governance monitoring but not price-moving.

Corporate Governance Expert

TL;DR: Compensation structure aligns CTO incentives with long-term performance; no red flags observed.

The four-year graded vesting schedule and ten-year option term encourage retention and strategic execution of technology initiatives. Option strike equals market price, avoiding windfall gains. The absence of accelerated or back-dated terms supports sound governance. Minor share disposal strictly for withholding confirms adherence to best practices. Impact on shareholder rights or control is de minimis.

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^*

Montemayor Jaime

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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
Common Stock	06/30/2025		A		12,546	A	$0.0	90,826.029	D
Common Stock	06/30/2025		F		726	D	$51.81	90,100.029	D

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
Non-Qualified Stock Option (right to buy)	$51.81	06/30/2025		A		62,730		(1)	07/30/2035	Common Stock	62,730	$0.0	62,730	D

Explanation of Responses:

1. Option vests in four equal annual installments beginning on June 30, 2026.

	By: Christopher A. Rauschl For: Jaime Montemayor	07/02/2025
	** 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.
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FAQ

How many General Mills (GIS) shares did the CTO acquire on 06/30/2025?

Jaime Montemayor acquired 12,546 common shares as reported in Table I.

What is the exercise price of the new stock options granted to the GIS CTO?

The non-qualified options have an exercise price of $51.81 per share.

When do the newly granted GIS options vest?

The options vest in four equal annual installments starting on 30 Jun 2026.

How many GIS shares does the CTO own after the reported transactions?

Following the transactions, Montemayor directly owns 90,100.029 common shares.

Did the CTO sell any General Mills stock in the open market?

No. The only disposition was 726 shares withheld for taxes; no open-market sale was reported.