General Mills Officer Withholds 1.5K Shares for Taxes – Form 4 Details

Rhea-AI Filing Summary

General Mills, Inc. (GIS) — SEC Form 4 filing dated 07/01/2025

Segment President Elizabeth Mascolo reported two Form 4 transactions coded "F," indicating that shares were withheld by the company to cover tax obligations arising from equity-based compensation. Specifically, 1,001 shares on 06/28/2025 and 528 shares on 06/29/2025 were withheld at an average price of $50.52 per share (≈ $77 k total value). After the transactions, Mascolo directly owns 16,488.287 common shares and indirectly holds 2,035.9303 shares in the General Mills Savings Plan trust.

The filing reflects routine administrative movements rather than discretionary open-market buying or selling. There were no derivative transactions reported and no change to overall insider ownership percentages material to investors.

Insights

Financial Analyst

TL;DR: Routine tax-withholding share transfers; immaterial to GIS valuation.

The Form 4 discloses share withholding (Code F) related to equity compensation for Segment President Elizabeth Mascolo. Roughly 1,529 shares (≈0.0003 % of outstanding) were surrendered at $50.52 to satisfy tax obligations. Post-transaction ownership remains over 18.5 k shares (direct + indirect). No open-market sale occurred, so there is limited signaling value. For a ~$40 bn market-cap firm, the dollar amount is negligible and should not influence fair-value estimates or liquidity considerations.

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^*

Mascolo Elizabeth

(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)
	Segment President

3. Date of Earliest Transaction (Month/Day/Year)
06/28/2025

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	06/28/2025		F		1,001	D	$50.52	17,016.287	D
Common Stock	06/29/2025		F		528	D	$50.52	16,488.287	D
Common Stock								2,035.9303	I	by Trust(1)

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

Explanation of Responses:

1. Held in Trust by the Trustee of the General Mills Savings Plan.

	By: Christopher A. Rauschl For: Elizabeth Mascolo	07/01/2025
	** 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.
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

How many General Mills (GIS) shares were involved in the Form 4?

A total of 1,529 common shares were withheld for taxes across two transactions.

What transaction code appears in Elizabeth Mascolo’s Form 4?

Both entries are coded “F”, indicating shares withheld to pay tax on equity compensation.

What price was used for the tax-withholding shares?

The shares were valued at $50.52 per share, as disclosed in the filing.

How many GIS shares does Mascolo own after the transactions?

She directly owns 16,488.287 shares and indirectly holds 2,035.9303 shares in a company savings plan.

Is the Form 4 activity material to General Mills investors?

Given the small share count relative to GIS’s float, the activity is considered immaterial to investors.