General Mills director acquires 654 phantom units

GENERAL MILLS INC (GIS) director Joan Bottarini reported an acquisition of 654 phantom stock units tied to General Mills common stock.

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.

Insider Trade Summary

Grant/Award: 654 shares

Grant/Award 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 contracts (Direct)

Footnotes (1)

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

Will Joan Bottarini receive General Mills (GIS) shares or cash from these phantom stock units?

The filing states each unit entitles her to receive the cash value of one share of General Mills common stock, payable in cash at the end of the deferral period, not actual shares.

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.

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Available on EDGAR 08/31/2026 - 02:25 PM EDT Accepted by SEC EDGAR 08/31/2026 - 02:24 PM EDT Learn about SEC filing dates

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)
08/30/2026

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)	08/30/2026		A		654		(1)	(1)	Common Stock	654	$40.08	2,052.497	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.

Remarks:

	By: Christopher A. Rauschl For: Joan Bottarini	08/31/2026
	** 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)