General Mills Insider Tax Withholding: 8k Shares Affected, 78k Remaining

Rhea-AI Filing Summary

General Mills Inc. (GIS) filed a Form 4 on 1 July 2025 showing two insider transactions by Chief Technology Officer Jaime Montemayor. On 28 and 29 June 2025, a total of 8,046 common shares were automatically withheld at $50.52 per share (Transaction Code “F”) to cover tax obligations linked to equity-based compensation. Following the transactions, Montemayor’s direct ownership declined from roughly 86,326 to 78,280 shares, an estimated value of about $3.95 million. No derivative security activity or open-market sales were reported, and the filing does not reference any broader corporate developments. Code “F” filings are generally viewed as routine and carry limited informational value for investors.

Positive

• None.

Negative

• CTO’s direct holdings decreased by 8,046 shares (~9%), though the reduction was for tax withholding rather than discretionary selling.

Insights

Securities Analyst

TL;DR: Routine tax-withholding; neutral for GIS.

Code “F” indicates the company withheld shares to satisfy withholding obligations when restricted stock vested. The CTO still owns more than 78 k shares, and the transaction represents <0.01 % of GIS’s float—immaterial for valuation. I classify the filing as neutral with no predictive signal for near-term price performance.

Corporate Governance Expert

TL;DR: Insider stake trimmed ~9% but via automatic mechanism.

While a 9 % reduction in personal holdings may attract attention, the mechanism—automatic share withholding—suggests no discretionary selling. Ownership remains substantial, aligning executive incentives with shareholders. I see no governance red flags from this event.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Montemayor Jaime

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,344	$50.52	$118K
Tax Withholding	Common Stock	5,702	$50.52	$288K

Holdings After Transaction: Common Stock — 78,280.029 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Montemayor Jaime

(Last) (First) (Middle)

NUMBER ONE GENERAL MILLS BOULEVARD

(Street)

MINNEAPOLIS MN 55426

(City) (State) (Zip)

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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	06/28/2025		F		5,702	D	$50.52	80,624.029	D
Common Stock	06/29/2025		F		2,344	D	$50.52	78,280.029	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: Jaime Montemayor	07/01/2025
	** 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.

FAQ

How many shares did GIS CTO Jaime Montemayor dispose of in the latest Form 4?

8,046 common shares were withheld for taxes on 28-29 June 2025.

What does transaction code "F" mean in the GIS Form 4?

Code "F" indicates payment of exercise price or tax liability by delivering or withholding stock, not an open-market sale.

How many General Mills shares does the CTO own after the reported transactions?

After withholding, Montemayor directly owns 78,280 common shares.

Was the GIS insider transaction an open-market sale?

No. The shares were withheld by the company to cover taxes; no open-market sale occurred.

Does this Form 4 filing materially impact General Mills' stock outlook?

The filing is routine and not considered materially impactful to GIS’s investment thesis.