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General Mills (NYSE: GIS) awards performance stock units to supply chain chief

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ness Jonathan David reported acquisition or exercise transactions in this Form 4 filing.

GENERAL MILLS INC Chief Supply Chain Officer Jonathan David Ness received an award of 330 performance stock units that vest on June 30, 2026. This grant was recorded at a price of $0.00 per share, reflecting compensation rather than an open-market purchase.

After the grant, Ness directly owns 14,938 shares of General Mills common stock. He also has an indirect holding of 2,220.6 shares held in trust by the trustee of the General Mills Savings Plan, providing additional exposure through the company retirement plan.

Positive

  • None.

Negative

  • None.
Insider Ness Jonathan David
Role Chief Supply Chain Officer
Type Security Shares Price Value
Grant/Award Common Stock 330 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 14,938 shares (Direct); Common Stock — 2,220.6 shares (Indirect, by Trust)
Footnotes (1)
  1. Award of performance stock units that vest on June 30, 2026 Held in Trust by the Trustee of the General Mills Savings Plan.
Performance stock units granted 330 shares Award that vests on June 30, 2026
Direct holdings after grant 14,938 shares Common Stock held directly by Jonathan Ness
Indirect holdings in savings plan 2,220.6 shares Held in trust by trustee of General Mills Savings Plan
Grant price per share $0.00 per share Performance stock unit award recorded as compensation
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 A is described as a grant, award, or other acquisition."
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did General Mills (GIS) disclose about Jonathan Ness’s recent stock grant?
General Mills disclosed that Chief Supply Chain Officer Jonathan David Ness received 330 performance stock units. These units are a form of equity compensation, recorded at $0.00 per share, and add to his existing ownership stake in General Mills common stock.

How many General Mills (GIS) shares does Jonathan Ness hold after this Form 4 filing?
After the reported transactions, Jonathan Ness directly owns 14,938 shares of General Mills common stock. He also has an additional 2,220.6 shares held indirectly in trust by the trustee of the General Mills Savings Plan, increasing his total equity exposure.

When do Jonathan Ness’s new General Mills (GIS) performance stock units vest?
The 330 performance stock units awarded to Jonathan Ness vest on June 30, 2026. Vesting means he will receive the underlying shares if the award conditions are met and he remains eligible under the company’s compensation and plan rules.

Was Jonathan Ness’s latest General Mills (GIS) transaction a market purchase or sale?
The filing shows an acquisition coded as a grant or award, not a market trade. Ness received 330 performance stock units at a stated price of $0.00 per share, reflecting incentive compensation instead of buying or selling shares in the open market.

How are some of Jonathan Ness’s General Mills (GIS) shares held according to the Form 4?
The Form 4 notes that 2,220.6 General Mills shares are held in trust by the trustee of the General Mills Savings Plan. This indicates part of his stake is maintained through the company-sponsored savings plan as an indirect ownership position.
SEC Form 4
FORM 4UNITED 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*
Ness Jonathan David
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Supply Chain Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/29/2026A330(1)A$0.014,938D
Common Stock2,220.6Iby Trust(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Award of performance stock units that vest on June 30, 2026
2. Held in Trust by the Trustee of the General Mills Savings Plan.
By: Christopher A. Rauschl For: Jonathan Ness07/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR