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General Mills Chief Executive Granted Major Stock Award as Growth Strategy Pays Off

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

Rhea-AI Filing Summary

General Mills Chairman and CEO Jeffrey L. Harmening reported significant insider trading activity in a Form 4 filing. The key transactions include:

  • Acquisition of 55,420 performance stock units that vest on June 28, 2025, awarded at $0.00 per unit
  • Following the transaction, Harmening's total beneficial ownership consists of: - 411,227 shares held directly - 312,620 shares held indirectly through Trust - 7,550 shares held indirectly through Trust 2

The filing indicates Harmening serves as both Director and Chairman of the Board & CEO. The transaction was executed on June 23, 2025, and the form was signed by Christopher A. Rauschl on behalf of Harmening on June 25, 2025. This equity award aligns with typical executive compensation practices and demonstrates continued insider investment in the company.

Positive

  • CEO Jeffrey Harmening received 55,420 performance stock units (PSUs), demonstrating alignment with shareholder interests through performance-based compensation

Negative

  • None.
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*
HARMENING JEFFREY L

(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
X Officer (give title below) Other (specify below)
Chairman of the Board & CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
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 06/23/2025 A 55,420(1) A $0.0 411,227.0191 D
Common Stock 312,620 I by Trust
Common Stock 7,550 I by Trust 2
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. Award of performance stock units that vest on June 28, 2025.
By: Christopher A. Rauschl For: Jeffrey L Harmening 06/25/2025
** 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 GIS shares did CEO Jeffrey Harmening acquire on June 23, 2025?

CEO Jeffrey Harmening acquired 55,420 shares of GIS common stock on June 23, 2025 through a performance stock unit award that vests on June 28, 2025. The shares were acquired at $0.00 per share.

What is Jeffrey Harmening's total direct ownership of GIS stock after the June 2025 transaction?

Following the reported transaction, Jeffrey Harmening directly owns 411,227.0191 shares of General Mills (GIS) common stock.

How many GIS shares does Jeffrey Harmening own indirectly through trusts?

Jeffrey Harmening indirectly owns a total of 320,170 shares of GIS through two trusts - 312,620 shares in one trust and 7,550 shares in Trust 2.

What positions does Jeffrey Harmening hold at General Mills (GIS) as of June 2025?

According to the Form 4 filing, Jeffrey Harmening serves as both Director and Chairman of the Board & CEO of General Mills (GIS).

When do Jeffrey Harmening's newly acquired GIS performance stock units vest?

The 55,420 performance stock units awarded to Jeffrey Harmening vest on June 28, 2025, as indicated in the footnotes of the Form 4 filing.
General Mills

NYSE:GIS

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25.16B
531.73M
0.3%
86.45%
6.15%
Packaged Foods
Grain Mill Products
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United States
MINNEAPOLIS