General Mills (NYSE: GIS) officer uses 480 shares to cover taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

GENERAL MILLS INC Chief Supply Chain Officer Jonathan David Ness reported a routine tax-related share disposition. On June 28, 2026, 480 shares of Common Stock were withheld at $36.01 per share to cover tax obligations, classified as a tax-withholding disposition rather than an open-market sale.

Following this transaction, Ness directly holds 14,608 Common Stock shares. In addition, 2,220.6 shares are held indirectly by a trust, with the filing noting these are held in trust by the trustee of the General Mills Savings Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ness Jonathan David

Role Chief Supply Chain Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	480	$36.01	$17K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 14,608 shares (Direct, null); Common Stock — 2,220.6 shares (Indirect, by Trust)

Footnotes (1)

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Key Figures

Tax-withheld shares: 480 shares Withholding price: $36.01 per share Direct holdings after transaction: 14,608 shares +1 more

4 metrics

Tax-withheld shares 480 shares Common Stock withheld for tax on June 28, 2026

Withholding price $36.01 per share Value used for tax-withholding disposition

Direct holdings after transaction 14,608 shares Common Stock directly owned by Jonathan David Ness

Indirect trust holdings 2,220.6 shares Held in trust by trustee of General Mills Savings Plan

Key Terms

tax-withholding disposition, General Mills Savings Plan, Common Stock

3 terms

tax-withholding disposition financial

"classified as a tax-withholding disposition rather than an open-market sale"

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.

General Mills Savings Plan financial

"held in Trust by the Trustee of the General Mills Savings Plan"

Common Stock financial

"480 shares of Common Stock were withheld at $36.01 per share"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 01:49 PM Accepted by SEC EDGAR 06/30/2026 - 01:48 PM

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^*

Ness Jonathan David

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/28/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/28/2026		F		480	D	$36.01	14,608	D
Common Stock								2,220.6	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

	By: Christopher A. Rauschl For: Jonathan Ness	06/30/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GENERAL MILLS INC (GIS) report for Jonathan David Ness?

GENERAL MILLS INC reported a tax-withholding disposition for Jonathan David Ness. On June 28, 2026, 480 Common Stock shares were withheld at $36.01 per share to satisfy tax obligations, rather than sold on the open market.

How many GENERAL MILLS INC (GIS) shares does Jonathan David Ness hold after this Form 4?

After the reported transaction, Jonathan David Ness holds 14,608 GENERAL MILLS INC Common Stock shares directly. He also has 2,220.6 shares held indirectly in a trust through the General Mills Savings Plan, as disclosed in the filing footnote.

Was the GENERAL MILLS INC (GIS) Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. 480 shares were delivered at $36.01 per share to cover tax liabilities associated with equity compensation, a common administrative mechanism for insiders.

What is the significance of the trust holding in the GENERAL MILLS INC (GIS) Form 4?

The Form 4 shows 2,220.6 GENERAL MILLS INC shares held indirectly "by Trust" under the General Mills Savings Plan. This indicates part of Jonathan David Ness’s ownership is held in a plan-related trust rather than in a standard direct brokerage account.

What role does Jonathan David Ness hold at GENERAL MILLS INC (GIS)?

Jonathan David Ness is listed as Chief Supply Chain Officer at GENERAL MILLS INC. The Form 4 attributes both his direct holdings of 14,608 shares and indirect trust-held shares to him, clarifying his equity position following the tax-withholding transaction.