General Mills (NYSE: GIS) officer uses 455 shares to cover tax liability

Rhea-AI Filing Summary

GENERAL MILLS INC Chief Innovation Officer Lanette Shaffer reported a small tax-related share disposition. On 2026-06-30, 455 shares of Common Stock were transferred at $34.80 per share to cover tax obligations by delivering securities. After this tax-withholding disposition, she directly holds about 31,466.9867 Common Stock shares, indicating the transaction affected only a minor portion of her overall position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shaffer Werner Lanette

Role Chief Innovation Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	455	$34.80	$16K

Holdings After Transaction: Common Stock — 31,466.987 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withholding shares: 455 shares Price per share: $34.80 per share Shares held after transaction: 31,466.9867 shares

3 metrics

Tax-withholding shares 455 shares Common Stock transferred for tax liability on Jun. 30, 2026

Price per share $34.80 per share Value used for the 455-share tax-withholding disposition

Shares held after transaction 31,466.9867 shares Direct Common Stock holdings following the disposition

Key Terms

tax-withholding disposition, Common Stock, Form 4, Payment of exercise price or tax liability by delivering securities

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

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""

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)"

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.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 08:41 PM Accepted by SEC EDGAR 07/02/2026 - 08:41 PM 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^*

Shaffer Werner Lanette

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Innovation Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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
Common Stock	06/30/2026		F		455	D	$34.8	31,466.9867	D

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

Explanation of Responses:

	By: Christopher A. Rauschl For: Lanette M Shaffer Werner	07/02/2026
	** 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)

FAQ

What insider transaction did GENERAL MILLS INC (GIS) report for Lanette Shaffer?

GENERAL MILLS INC reported that Chief Innovation Officer Lanette Shaffer had 455 Common Stock shares transferred to cover tax obligations. The disposition was recorded as a tax-withholding transaction, not an open-market trade, under a Form 4 filing dated June 30, 2026.

Was the GENERAL MILLS INC (GIS) Form 4 transaction a market sale of shares?

The Form 4 transaction was not an open-market sale. It is classified as a tax-withholding disposition, meaning 455 Common Stock shares were delivered to satisfy tax liabilities rather than being sold on the open market.

How many GENERAL MILLS INC (GIS) shares were involved in Lanette Shaffer’s tax-withholding transaction?

The filing shows 455 Common Stock shares were used in the tax-withholding disposition. These shares were transferred at a price of $34.80 per share to pay tax obligations by delivering securities instead of cash.

What is Lanette Shaffer’s GENERAL MILLS INC (GIS) shareholding after the reported transaction?

Following the tax-withholding disposition, Lanette Shaffer directly holds approximately 31,466.9867 GENERAL MILLS INC Common Stock shares. This indicates the 455-share transfer represented a relatively small adjustment compared with her total reported direct holdings.

What does the transaction code "F" mean in the GENERAL MILLS INC (GIS) Form 4?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, 455 GENERAL MILLS INC Common Stock shares were transferred to cover tax obligations, rather than through a standard buy or sell on the market.