General Mills (NYSE: GIS) grants CSCO new shares and stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Chief Supply Chain Officer Jonathan David Ness reported new equity awards and updated holdings. He received a grant of 5,884 shares of Common Stock at no cost, bringing his direct holdings to 20,498 shares. He was also granted a Non-Qualified Stock Option for 29,416 shares of Common Stock at an exercise price of $36.12 per share, expiring on August 6, 2036. The option vests in four equal annual installments beginning on July 6, 2027. In addition, 2,220.6 shares of Common Stock are held indirectly in trust by the trustee of the General Mills Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ness Jonathan David
Role
Chief Supply Chain Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) | 29,416 | $0.00 | -- |
| Grant/Award | Common Stock | 5,884 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 29,416 shares (Direct, null);
Common Stock — 20,498 shares (Direct, null);
Common Stock — 2,220.6 shares (Indirect, by Trust)
Footnotes (1)
- Held in Trust by the Trustee of the General Mills Savings Plan. Option vests in four equal annual installments beginning on July 6, 2027.
Key Figures
Share grant: 5,884 shares
Direct holdings after grant: 20,498 shares
Option grant size: 29,416 options
+2 more
5 metrics
Share grant
5,884 shares
Common Stock granted at $0.00 on July 6, 2026
Direct holdings after grant
20,498 shares
Common Stock directly owned following July 6, 2026 transaction
Option grant size
29,416 options
Non-Qualified Stock Option for Common Stock
Option exercise price
$36.12 per share
Exercise price for Non-Qualified Stock Option
Indirect plan holdings
2,220.6 shares
Common Stock held in General Mills Savings Plan trust
Key Terms
Non-Qualified Stock Option, exercise price, vests in four equal annual installments, General Mills Savings Plan, +1 more
5 terms
Non-Qualified Stock Option financial
"He was also granted a Non-Qualified Stock Option for 29,416 shares of Common Stock"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
exercise price financial
"at an exercise price of $36.12 per share, expiring on August 6, 2036"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vests in four equal annual installments financial
"The option vests in four equal annual installments beginning on July 6, 2027"
General Mills Savings Plan financial
"held indirectly in trust by the trustee of the General Mills Savings Plan"
Chief Supply Chain Officer financial
"GENERAL MILLS INC Chief Supply Chain Officer Jonathan David Ness reported new equity awards"
FAQ
What equity awards did General Mills (GIS) grant to Jonathan David Ness?
Jonathan David Ness received a grant of 5,884 General Mills common shares and a Non-Qualified Stock Option for 29,416 shares at a $36.12 exercise price. These awards increase his equity-based compensation and align his interests with long-term shareholder value.
What are the terms of Jonathan David Ness’s new stock options at General Mills (GIS)?
Ness was granted Non-Qualified Stock Options covering 29,416 General Mills common shares at a $36.12 exercise price. The options expire on August 6, 2036 and vest in four equal annual installments beginning July 6, 2027, encouraging long-term retention.
When do Jonathan David Ness’s General Mills (GIS) stock options start vesting?
The stock options granted to Jonathan David Ness begin vesting on July 6, 2027. They vest in four equal yearly installments, meaning full vesting occurs over four years, supporting a multi-year incentive and retention structure tied to company performance.