General Mills (NYSE: GIS) executive has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Segment President Ricardo Fernandez reported a routine tax-related share disposition. On June 30, 2026, 1,055 shares of Common Stock were delivered at $34.80 per share to cover tax obligations, classified as a tax-withholding disposition rather than an open-market sale. After this transaction, Fernandez directly held 76,023.613 shares, indicating that only a small portion of his overall stake was used for taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fernandez Ricardo
Role
Segment President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,055 | $34.80 | $37K |
Holdings After Transaction:
Common Stock — 76,023.613 shares (Direct)
Footnotes (1)
Key Figures
Shares used for tax withholding: 1,055 shares
Implied value per share: $34.80 per share
Shares held after transaction: 76,023.613 shares
+1 more
4 metrics
Shares used for tax withholding
1,055 shares
Tax-withholding disposition on June 30, 2026
Implied value per share
$34.80 per share
Value used for tax-withholding disposition
Shares held after transaction
76,023.613 shares
Direct holdings following June 30, 2026 transaction
Transaction type
Tax-withholding disposition (Code F)
Payment of exercise price or tax liability by delivering securities
Key Terms
tax-withholding disposition, Common Stock, Form 4, transaction code F
4 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.
Common Stock financial
"1,055 shares of Common Stock were delivered at $34.80 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.
Form 4 regulatory
"a routine Form 4 tax-withholding disposition"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code F regulatory
"Transaction code F indicates a payment of exercise price or tax liability"
FAQ
What insider transaction did GENERAL MILLS INC (GIS) report for Ricardo Fernandez?
GENERAL MILLS INC reported a tax-withholding disposition by Segment President Ricardo Fernandez. On June 30, 2026, 1,055 Common Stock shares were delivered at $34.80 per share to satisfy tax obligations, rather than sold in the open market.
Was the Ricardo Fernandez transaction in GENERAL MILLS INC (GIS) an open-market sale?
The transaction was not an open-market sale. It is coded as an F transaction, described as a tax-withholding disposition where 1,055 shares were delivered at $34.80 per share to cover tax-related obligations.
What does transaction code F mean in the GENERAL MILLS INC (GIS) Form 4 for Ricardo Fernandez?
Transaction code F indicates a payment of exercise price or tax liability by delivering securities. For Ricardo Fernandez, 1,055 shares of Common Stock were used to satisfy tax obligations at a value of $34.80 per share.