General Mills (NYSE: GIS) CAO granted 440 performance stock units, now holds 18,539 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pallot Mark A reported acquisition or exercise transactions in this Form 4 filing.
GENERAL MILLS INC Chief Accounting Officer Mark A. Pallot received a compensation-related award of 440 shares of common stock at no cost, described as performance stock units that vest on June 30, 2026. After this grant, he directly holds 18,539.462 common shares. He also has an indirect interest in 147.55 common shares held in Trust by the Trustee of the General Mills Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pallot Mark A
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 440 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 18,539.462 shares (Direct, null);
Common Stock — 147.55 shares (Indirect, by Trust)
Footnotes (1)
- Award of performance stock units that vest on June 30, 2026 Held in Trust by the Trustee of the General Mills Savings Plan.
Key Figures
Equity award size: 440 shares
Award price: $0.0000 per share
Direct holdings after grant: 18,539.462 shares
+2 more
5 metrics
Equity award size
440 shares
Grant of common stock as performance stock units
Award price
$0.0000 per share
Compensation-related grant, not open-market purchase
Direct holdings after grant
18,539.462 shares
Common stock held directly by Mark A. Pallot
Indirect holdings
147.55 shares
Held in Trust by the Trustee of the General Mills Savings Plan
Vesting date
June 30, 2026
Performance stock units vesting schedule
Key Terms
performance stock units, General Mills Savings Plan, grant, award, or other acquisition, Chief Accounting Officer
4 terms
performance stock units financial
"Award of performance stock units that vest on June 30, 2026"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
General Mills Savings Plan financial
"Held in Trust by the Trustee of the General Mills Savings Plan."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Chief Accounting Officer financial
"Chief Accounting Officer Mark A. Pallot received a compensation-related award"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What insider transaction did GENERAL MILLS INC (GIS) report for Mark A. Pallot?
GENERAL MILLS INC reported that Chief Accounting Officer Mark A. Pallot received a grant of 440 common shares as compensation. These were awarded at no cost and are described as performance stock units that vest on June 30, 2026, increasing his direct holdings.
Was the GENERAL MILLS INC (GIS) Form 4 transaction an open-market purchase or sale?
The Form 4 shows a grant or award acquisition of 440 common shares for Mark A. Pallot, not an open-market purchase or sale. The shares were awarded at a price of $0.0000 per share as part of compensation, rather than bought or sold in the market.
What are the terms of the performance stock units reported for GENERAL MILLS INC (GIS)?
The filing notes an award of performance stock units to Mark A. Pallot that vest on June 30, 2026. These units are reflected as a 440-share grant of common stock at no cost, forming part of his overall equity-based compensation package at GENERAL MILLS INC.
How are Mark A. Pallot’s indirect GENERAL MILLS INC (GIS) holdings structured?
Mark A. Pallot’s indirect holdings consist of 147.55 GENERAL MILLS INC common shares. These shares are held in Trust by the Trustee of the General Mills Savings Plan, meaning they are associated with a savings plan arrangement rather than held directly in his own name.