General Mills (NYSE: GIS) COO has 1,410 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
General Mills Chief Operating Officer Dana McNabb reported a tax-related share disposition. On this Form 4, 1,410 shares of Common Stock were withheld at $36.01 per share to satisfy tax obligations tied to equity compensation, a non-market transaction.
After this withholding, McNabb directly holds 62,805.454 General Mills shares and has an additional 1,110.2307 shares reported as indirectly owned by a corporation. The filing shows no open-market buying or selling activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McNabb Dana M
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,410 | $36.01 | $51K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 62,805.454 shares (Direct, null);
Common Stock — 1,110.231 shares (Indirect, by Corporation)
Footnotes (1)
Key Figures
Tax-withheld shares: 1,410 shares
Withholding price: $36.01 per share
Direct holdings after transaction: 62,805.454 shares
+2 more
5 metrics
Tax-withheld shares
1,410 shares
Withheld to satisfy tax obligations at $36.01 per share
Withholding price
$36.01 per share
Price applied to 1,410 withheld shares
Direct holdings after transaction
62,805.454 shares
Common Stock held directly by Dana McNabb after tax withholding
Indirect holdings after transaction
1,110.2307 shares
Common Stock held indirectly by a corporation
Tax-withholding transactions
1 transaction, 1,410 shares
Summary taxWithholdingCount and taxWithholdingShares
Key Terms
tax-withholding disposition, Common Stock, indirect ownership, transaction code F
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.
indirect ownership financial
""ownership_type": "indirect""
transaction code F financial
""transaction_code": "F""
FAQ
What insider transaction did General Mills (GIS) report for Dana McNabb?
General Mills reported that COO Dana McNabb had 1,410 Common Stock shares withheld to cover tax obligations. This tax-withholding disposition is coded “F” and stems from equity compensation rather than an open-market sale or purchase.
Was Dana McNabb’s General Mills (GIS) transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 1,410 shares were withheld at $36.01 per share to pay tax obligations associated with equity compensation grants.
What does the “F” code mean in the General Mills (GIS) Form 4?
The “F” transaction code on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. Here, 1,410 General Mills shares were withheld to satisfy tax obligations rather than being sold into the open market.
Does the General Mills (GIS) Form 4 show any derivative securities for Dana McNabb?
The filing’s derivative summary is empty, indicating no derivative security transactions were reported in this Form 4. The disclosed activity relates only to Common Stock and a tax-withholding disposition tied to existing equity compensation.