General Mills (NYSE: GIS) CFO has 1,447 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Chief Financial Officer Kofi A. Bruce reported a routine share disposition related to taxes on equity compensation. A total of 1,447 shares of Common Stock were withheld at $34.80 per share as a tax-withholding disposition, rather than an open-market sale.
Following this transaction, Bruce directly owns 233,091.1867 Common Stock shares. He also has an additional 203.2 shares held indirectly in a trust through the General Mills Savings Plan, as noted in the filing footnote.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bruce Kofi A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,447 | $34.80 | $50K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 233,091.187 shares (Direct, null);
Common Stock — 203.2 shares (Indirect, by Trust)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,447 shares
Withholding price per share: $34.80 per share
Direct holdings after transaction: 233,091.1867 shares
+1 more
4 metrics
Shares withheld for taxes
1,447 shares
Tax-withholding disposition of Common Stock
Withholding price per share
$34.80 per share
Value used for tax-withholding disposition
Direct holdings after transaction
233,091.1867 shares
Common Stock directly owned by CFO after filing
Indirect trust holdings
203.2 shares
Held in trust by Trustee of General Mills Savings Plan
Key Terms
tax-withholding disposition, Common Stock, General Mills Savings Plan, Form 4
4 terms
tax-withholding disposition financial
"A total of 1,447 shares of Common Stock were withheld at $34.80 per share as a 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
"A total of 1,447 shares of Common Stock were withheld at $34.80 per share"
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.
General Mills Savings Plan financial
"held indirectly in a trust through the General Mills Savings Plan"
Form 4 regulatory
"according to the filing’s ownership disclosure footnote in this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did GENERAL MILLS INC (GIS) CFO report?
GENERAL MILLS INC CFO Kofi A. Bruce reported a routine tax-withholding disposition of shares. The company withheld 1,447 Common Stock shares to cover tax obligations tied to equity compensation, rather than executing an open-market sale of those shares.
What are Kofi A. Bruce’s holdings in GENERAL MILLS INC (GIS) after the transaction?
After the reported transaction, CFO Kofi A. Bruce directly owns 233,091.1867 GENERAL MILLS INC Common Stock shares. He also has 203.2 additional shares held indirectly in a trust through the General Mills Savings Plan, according to the filing’s ownership disclosure footnote.
Was the GENERAL MILLS INC (GIS) insider transaction an open-market sale?
The transaction was not an open-market sale. It is coded as a tax-withholding disposition, meaning 1,447 shares were surrendered to satisfy tax obligations on equity compensation, rather than being actively sold by the CFO in the public market.