General Mills director granted 623 phantom units

GENERAL MILLS INC (GIS) director Stephen A. Odland reported an acquisition of 623 phantom stock units on August 30, 2026.

Rhea-AI Filing Summary

GENERAL MILLS INC (GIS) director Stephen A. Odland reported an acquisition of 623 phantom stock units on August 30, 2026. The units were credited at $40.08 per unit under the company’s Deferred Compensation Plan for Non-Employee Directors, increasing his directly held phantom stock balance to 55,817.918 units. Each unit represents the right to receive the cash value of one share of General Mills common stock, payable in cash at the end of the deferral period, and may be reallocated into an alternative investment option at any time.

Insider Trade Summary

Grant/Award: 623 shares

Grant/Award 1 txn

Insider ODLAND STEPHEN A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1	623	$40.08	$25K

Holdings After Transaction: Phantom Stock — 55,817.918 contracts (Direct)

Footnotes (1)

1. F1. Each common stock unit represents the right to receive the cash value of one share of General Mills, Inc. common stock. The reporting person deferred the receipt of a cash retainer under the Deferred Compensation Plan for Non-Employee Directors into common stock units, which are payable in cash at the end of the deferral period. The reporting person may transfer their common stock unit investment into an alternative investment at any time.

Key Figures

Phantom stock units acquired: 623 units Phantom stock unit price: $40.08 per unit Phantom stock units following transaction: 55,817.918 units +1 more

4 metrics

Phantom stock units acquired 623 units Grant/award acquisition on August 30, 2026

Phantom stock unit price $40.08 per unit Crediting price for phantom stock grant

Phantom stock units following transaction 55,817.918 units Direct phantom stock balance after August 30, 2026 grant

Underlying common stock units 623 units Each unit represents cash value of one General Mills common share

Key Terms

Phantom Stock, Deferred Compensation Plan for Non-Employee Directors, common stock units, deferral period

4 terms

Phantom Stock financial

"security_title: "Phantom Stock""

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Deferred Compensation Plan for Non-Employee Directors financial

"under the Deferred Compensation Plan for Non-Employee Directors into common stock units"

common stock units financial

"deferred the receipt of a cash retainer ... into common stock units"

A common stock unit is a tradable ownership interest that represents one or more ordinary shares in a company, giving the holder a stake in profits, a claim on assets after creditors, and usually voting rights on corporate matters. For investors it matters because these units determine how much of the company you own, how much influence you have, and how returns or losses are shared—think of owning slices of a pie that can be increased or diluted by the company’s actions.

deferral period financial

"units, which are payable in cash at the end of the deferral period"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GENERAL MILLS INC (GIS) report for Stephen A. Odland?

Stephen A. Odland, a director of GENERAL MILLS INC (GIS), received a grant of 623 phantom stock units on August 30, 2026, as part of deferred compensation, increasing his directly held phantom stock balance to 55,817.918 units.

What are the key terms of the phantom stock units reported for GIS?

Each phantom stock unit represents the right to receive the cash value of one share of General Mills common stock. The units were credited at $40.08 per unit and are payable in cash at the end of the deferral period under the deferred compensation plan.

How did this Form 4 transaction affect Stephen Odland’s holdings in GIS phantom stock?

Following the acquisition of 623 phantom stock units, Stephen A. Odland’s directly held phantom stock balance increased to 55,817.918 units, all tied to the cash value of General Mills common stock.

Was the August 30, 2026 GIS Form 4 transaction a market purchase or sale?

No. The Form 4 reports a grant/award acquisition of 623 phantom stock units as deferred compensation, not an open-market purchase or sale of General Mills common stock.

When will the GIS phantom stock units for Stephen Odland be paid out?

The phantom stock units are payable in cash at the end of the deferral period specified under the Deferred Compensation Plan for Non-Employee Directors.

Can the GIS director change how his phantom stock units are invested?

Yes. The filing states the reporting person may transfer their common stock unit investment into an alternative investment at any time under the deferred compensation plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/31/2026 - 02:25 PM EDT Accepted by SEC EDGAR 08/31/2026 - 02:24 PM EDT 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^*

ODLAND STEPHEN A

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/30/2026

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

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
Phantom Stock	(1)	08/30/2026		A		623		(1)	(1)	Common Stock	623	$40.08	55,817.918	D

Explanation of Responses:

1. Each common stock unit represents the right to receive the cash value of one share of General Mills, Inc. common stock. The reporting person deferred the receipt of a cash retainer under the Deferred Compensation Plan for Non-Employee Directors into common stock units, which are payable in cash at the end of the deferral period. The reporting person may transfer their common stock unit investment into an alternative investment at any time.

Remarks:

	By: Christopher A. Rauschl For: Stephen A. Odland	08/31/2026
	** 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)