General Mills (NYSE: GIS) director now holds 55,817.918 phantom units
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.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
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 shares (Direct)
Footnotes (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
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.
