General Mills (NYSE: GIS) director defers fees into 780 phantom stock units

Rhea-AI Filing Summary

GENERAL MILLS INC director Joan Bottarini reported a routine compensation-related award of phantom stock units. On this Form 4, she acquired 780 phantom stock units at a reference price of $33.65 per unit under the Deferred Compensation Plan for Non-Employee Directors. Each unit represents the right to receive the cash value of one share of General Mills common stock and is payable in cash at the end of the deferral period. After this award, she holds a total of 1,378.637 phantom stock units, and the filing shows no open-market buying or selling of General Mills common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bottarini Joan

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	780	$33.65	$26K

Holdings After Transaction: Phantom Stock — 1,378.637 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Phantom stock units granted: 780 units Reference price per unit: $33.65 per unit Total phantom units after grant: 1,378.637 units +1 more

4 metrics

Phantom stock units granted 780 units Grant under Deferred Compensation Plan on 2026-05-31

Reference price per unit $33.65 per unit Value basis for phantom stock units

Total phantom units after grant 1,378.637 units Holdings following reported transaction

Underlying security shares 780 shares Common stock equivalent per new phantom award

Key Terms

Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, common stock unit, deferral period

4 terms

Phantom Stock financial

"security_title: Phantom Stock"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Deferred Compensation Plan for Non-Employee Directors financial

"under the Deferred Compensation Plan for Non-Employee Directors into common stock units"

common stock unit financial

"Each common stock unit represents the right to receive the cash value of one share"

deferral period financial

"units, which are payable in cash at the end of the deferral period"

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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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/31/2026

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

X	Form 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)
			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)	05/31/2026		A		780		(1)	(1)	Common Stock	780	$33.65	1,378.637	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	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

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

GENERAL MILLS INC director Joan Bottarini reported receiving 780 phantom stock units as a grant under a deferred compensation plan. The units track the cash value of General Mills common stock but do not involve an open-market stock purchase or sale.

What are the phantom stock units reported by GIS director Joan Bottarini?

The phantom stock units give Joan Bottarini the right to receive the cash value of one share of General Mills common stock per unit. They arise from deferring a cash retainer and are settled in cash at the end of the deferral period, not in actual shares.

How many phantom stock units does Joan Bottarini hold after this GIS Form 4 filing?

After the reported transaction, Joan Bottarini holds 1,378.637 phantom stock units linked to General Mills common stock. This total reflects the new 780-unit grant added to her prior balance and represents deferred cash-based compensation rather than current share ownership.

Did Joan Bottarini buy or sell General Mills (GIS) common stock in this Form 4?

No, the Form 4 does not show open-market buying or selling of General Mills common stock. It reports a grant of 780 phantom stock units as deferred compensation that will be paid in cash, separate from direct share transactions in the market.

How were the phantom stock units for Joan Bottarini at GIS determined?

The phantom stock units were created when Joan Bottarini deferred a cash retainer into the Deferred Compensation Plan for Non-Employee Directors. The number of units is based on a reference price of $33.65 per unit, matching the cash value of General Mills common stock.