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General Mills (NYSE: GIS) CTO disposes shares in tax-withholding move

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GENERAL MILLS INC Chief Technology Officer Jaime Montemayor reported a routine tax-related share disposition. On June 30, 2026, 3,154 shares of Common Stock were disposed of at $34.80 per share to cover tax obligations by delivering securities. After this transaction, Montemayor directly owned 162,368.029 shares, indicating the disposition represents a small portion of his total holdings and was not an open-market sale.

Positive

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Negative

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Insider Montemayor Jaime
Role Chief Technology Officer
Type Security Shares Price Value
Tax Withholding Common Stock 3,154 $34.80 $110K
Holdings After Transaction: Common Stock — 162,368.029 shares (Direct, null)
Footnotes (1)
Tax-withholding shares 3,154 shares Common Stock disposed on June 30, 2026
Implied value per share $34.80 per share Price used for tax-withholding disposition
Shares held after transaction 162,368.029 shares Direct ownership following June 30, 2026 disposition
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 MINNESOTA 55426
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GENERAL MILLS INC [ GIS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026F3,154D$34.8162,368.029D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
By: Christopher A. Rauschl For: Jaime Montemayor07/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GENERAL MILLS INC (GIS) report for Jaime Montemayor?

GENERAL MILLS INC reported that CTO Jaime Montemayor disposed of 3,154 common shares to cover tax obligations. The transaction was coded as a tax-withholding disposition, meaning shares were delivered to satisfy taxes rather than sold on the open market.

How many GENERAL MILLS INC (GIS) shares were used for tax withholding?

The filing shows 3,154 shares of GENERAL MILLS INC common stock were used for tax withholding. These shares were valued at $34.80 each, reflecting a non-market transaction to pay exercise price or tax liability by delivering securities.

How many GENERAL MILLS INC (GIS) shares does Jaime Montemayor hold after the transaction?

After the tax-withholding disposition, Jaime Montemayor directly holds 162,368.029 GENERAL MILLS INC common shares. This indicates the 3,154 shares used for taxes represent only a small fraction of his overall reported equity position in the company.

Was the GENERAL MILLS INC (GIS) insider transaction an open-market sale?

The filing indicates it was not an open-market sale. The transaction code "F" and description show it was a payment of exercise price or tax liability by delivering securities, a routine tax-withholding event rather than a discretionary sale in the market.

What does transaction code "F" mean in the GENERAL MILLS INC (GIS) Form 4?

Transaction code "F" denotes a tax-withholding disposition, where shares are delivered to pay an exercise price or tax liability. For GENERAL MILLS INC, this means Montemayor’s 3,154-share transaction was a mechanical tax event, not a voluntary buy or sell decision.