General Mills (NYSE: GIS) director defers pay into 654 phantom units
Rhea-AI Filing Summary
GENERAL MILLS INC (GIS) director Joan Bottarini reported an acquisition of 654 phantom stock units tied to General Mills common stock. These units were credited on 2026-08-30 at a referenced value of $40.08 per unit through deferral of a cash director retainer, bringing her total phantom/common stock units to 2,052.497. Under the company’s Deferred Compensation Plan for Non-Employee Directors, each unit represents the right to receive the cash value of one share of common stock at the end of the deferral period, and the investment may be reallocated into alternative investments at any time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bottarini Joan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1 | 654 | $40.08 | $26K |
Holdings After Transaction:
Phantom Stock — 2,052.497 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Phantom stock units granted: 654 phantom stock units
Reference value per unit: $40.08 per unit
Total phantom/common stock units after transaction: 2,052.497 units
+1 more
4 metrics
Phantom stock units granted
654 phantom stock units
Grant of phantom stock units on 2026-08-30 to Joan Bottarini
Reference value per unit
$40.08 per unit
Transaction price per phantom stock unit for the 654-unit grant
Total phantom/common stock units after transaction
2,052.497 units
Holdings of Joan Bottarini following the 2026-08-30 grant
Underlying common stock shares per unit
1 share per unit
Each common stock unit represents the cash value of one GIS share
Key Terms
Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, common stock units
3 terms
Phantom Stock financial
"security_title: "Phantom Stock" linked to common stock units"
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
"cash retainer deferred under the Deferred Compensation Plan for Non-Employee Directors"
common stock units financial
"The reporting person deferred the receipt of a cash retainer into common stock units"
A common stock unit is a tradable ownership interest that represents one or more ordinary shares in a company, giving the holder a stake in profits, a claim on assets after creditors, and usually voting rights on corporate matters. For investors it matters because these units determine how much of the company you own, how much influence you have, and how returns or losses are shared—think of owning slices of a pie that can be increased or diluted by the company’s actions.
FAQ
What insider transaction did GIS director Joan Bottarini report on this Form 4?
Joan Bottarini reported a grant of 654 phantom stock units linked to General Mills common stock on 2026-08-30, received by deferring a cash director retainer under the Deferred Compensation Plan for Non-Employee Directors.
How many General Mills (GIS) phantom stock units does Joan Bottarini hold after this transaction?
After the reported transaction, Joan Bottarini holds a total of 2,052.497 phantom/common stock units associated with General Mills common stock, as shown in the post-transaction holdings on the Form 4.
What is the value reference per phantom stock unit in Joan Bottarini’s GIS award?
The Form 4 shows a referenced value of $40.08 per phantom stock unit for the 654 units credited on 2026-08-30, reflecting the cash value basis used for these deferred compensation units.
How did Joan Bottarini acquire the new phantom stock units of General Mills (GIS)?
She deferred receipt of a cash director retainer into 654 common stock units under General Mills’ Deferred Compensation Plan for Non-Employee Directors, rather than taking that portion of compensation in cash.
Can Joan Bottarini change her investment out of GIS phantom stock units?
Yes. The footnote explains that she may transfer her common stock unit investment into an alternative investment at any time under the Deferred Compensation Plan for Non-Employee Directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
