General Mills (NYSE: GIS) director awarded shares and covers taxes with stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC director Jorge A. Uribe reported routine equity compensation and related tax withholding. He received 891 shares of common stock as a grant under the 2022 Stock Compensation Plan at a reference price of $33.65 per share, in lieu of a board retainer. To cover tax obligations, 190 shares were disposed of through a tax-withholding transaction, which is not an open-market sale. After these transactions, he directly holds 40,874.172 shares of General Mills common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Uribe Jorge A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 891 | $33.65 | $30K |
| Tax Withholding | Common Stock | 190 | $33.65 | $6K |
Holdings After Transaction:
Common Stock — 40,874.172 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock grant: 891 shares
Tax withholding shares: 190 shares
Reference share price: $33.65/share
+1 more
4 metrics
Stock grant
891 shares
Common stock awarded to non-employee director at $33.65
Tax withholding shares
190 shares
Shares disposed to cover tax liability at $33.65
Reference share price
$33.65/share
Applied to both grant and tax-withholding disposition
Post-transaction holdings
40,874.172 shares
General Mills common stock held directly after transactions
Key Terms
tax-withholding disposition, grant/award acquisition, 2022 Stock Compensation Plan
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 190 shares"
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.
grant/award acquisition financial
"transaction_action: "grant/award acquisition" for 891-share award"
2022 Stock Compensation Plan financial
"Common stock issued to Non-Employee Director in lieu of retainer under the 2022 Stock Compensation Plan"
FAQ
What insider transactions did General Mills (GIS) director Jorge A. Uribe report?
Jorge A. Uribe reported a stock grant and related tax withholding. He received 891 General Mills common shares as director compensation and had 190 shares withheld to satisfy taxes, leaving him with 40,874.172 shares held directly.
Was the General Mills (GIS) Form 4 transaction an open-market stock sale?
No, the Form 4 does not show an open-market sale. The 190-share disposition was a tax-withholding transaction tied to a stock award, used to cover tax obligations rather than a discretionary market sale.
Why did General Mills (GIS) director Jorge A. Uribe receive common stock?
He received stock in lieu of a director cash retainer. The footnote states that common stock was issued to this non-employee director under the 2022 Stock Compensation Plan instead of a retainer payment, aligning part of his compensation with equity.