General Mills (NYSE: GIS) executive uses 1,167 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Segment President Ricardo Fernandez reported a tax-related share disposition. On June 28, 2026, 1,167 shares of Common Stock were delivered at $36.01 per share to satisfy tax obligations, characterized as a tax-withholding disposition rather than an open-market sale. Following this transaction, Fernandez directly holds 76,198.613 shares of General Mills common stock.
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 | 1,167 | $36.01 | $42K |
Holdings After Transaction:
Common Stock — 76,198.613 shares (Direct, null)
Footnotes (1)
Key Figures
Shares for tax withholding: 1,167 shares
Price per share: $36.01 per share
Shares owned after transaction: 76,198.613 shares
+1 more
4 metrics
Shares for tax withholding
1,167 shares
Common Stock delivered for tax obligations on June 28, 2026
Price per share
$36.01 per share
Value used for the 1,167-share tax-withholding disposition
Shares owned after transaction
76,198.613 shares
Direct General Mills common stock holdings after the Form 4 event
Tax-withholding transactions
1 transaction, 1,167 shares
Summary of tax-withholding activity in this Form 4
Key Terms
tax-withholding disposition, Common Stock, Form 4
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,167 shares of Common Stock"
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
"security_title: "Common Stock" involved in the 1,167-share transaction"
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
"INSIDER FILING DATA (Form 4) describing the General Mills insider transaction"
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.
FAQ
What did General Mills (GIS) executive Ricardo Fernandez report in this Form 4?
Ricardo Fernandez reported a tax-withholding disposition of 1,167 General Mills common shares. The shares were delivered at $36.01 each to cover tax obligations, and were not sold in the open market.
Was the General Mills (GIS) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It is classified as a tax-withholding disposition, where shares are delivered to cover tax liabilities rather than sold on the open market.
What does a tax-withholding disposition mean for General Mills (GIS) insiders?
A tax-withholding disposition means shares are surrendered to cover taxes related to equity awards. For General Mills insiders like Fernandez, it is a routine administrative step, not a discretionary buy or sell decision.