General Mills (NYSE: GIS) CEO reports 4,187-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Chairman and CEO Jeffrey L. Harmening reported a tax-withholding disposition of 4,187 shares of Common Stock at $36.01 per share. This type of F-code transaction reflects payment of exercise price or tax liability by delivering securities rather than an open-market trade.
After this event, he holds 384,622.3201 Common Stock shares directly. He also reports indirect ownership of 7,550 shares held "by Trust 2" and 361,141 shares held "by Trust," providing a view of his combined direct and trust-based positions as of the transaction date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HARMENING JEFFREY L
Role
Chairman of the Board & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,187 | $36.01 | $151K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 384,622.32 shares (Direct, null);
Common Stock — 361,141 shares (Indirect, by Trust)
Footnotes (1)
Key Figures
Tax-withholding shares: 4,187 shares
Tax-withholding price: $36.01 per share
Direct holdings after transaction: 384,622.3201 shares
+2 more
5 metrics
Tax-withholding shares
4,187 shares
F-code tax-withholding disposition of Common Stock
Tax-withholding price
$36.01 per share
Price used for 4,187-share disposition
Direct holdings after transaction
384,622.3201 shares
Common Stock held directly after F-code event
Indirect holdings Trust 2
7,550 shares
Common Stock held indirectly by Trust 2
Indirect holdings Trust
361,141 shares
Common Stock held indirectly by Trust
Key Terms
tax-withholding disposition, Common Stock, indirect ownership, Form 4
4 terms
tax-withholding disposition financial
"reported a tax-withholding disposition of 4,187 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
"4,187 shares of Common Stock at $36.01 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.
indirect ownership financial
"He also reports indirect ownership of 7,550 shares held "by Trust 2""
Form 4 regulatory
"The Form 4 shows code F, meaning shares were delivered"
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 insider transaction did GENERAL MILLS (GIS) report for CEO Jeffrey L. Harmening?
GENERAL MILLS reported a tax-withholding disposition for CEO Jeffrey L. Harmening. The Form 4 shows code F, meaning shares were delivered to satisfy exercise price or tax liabilities rather than sold in an open-market transaction.
What indirect GENERAL MILLS (GIS) holdings by trusts are reported for the CEO?
The Form 4 reports 7,550 Common Stock shares held "by Trust 2" and 361,141 shares held "by Trust." These positions are classified as indirect ownership, indicating the shares are owned through trust structures associated with the reporting person.
What does transaction code F mean in the GENERAL MILLS (GIS) CEO Form 4?
Transaction code F means shares were used for payment of exercise price or tax liability by delivering securities. It typically reflects equity compensation mechanics, showing shares withheld or delivered for obligations rather than a standard buy or sell trade.