General Mills (NYSE: GIS) GC uses 965 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC reported a routine insider transaction by General Counsel & Secretary Karen Wilson Thissen. On this date, 965 shares of Common Stock were disposed of at $34.80 per share to cover tax obligations, as indicated by the tax-withholding code. After this non‑market transaction, she directly holds about 83,727.065 shares. This type of Form 4 event reflects payment of taxes in shares rather than an open‑market sale and does not change her overall ownership stake in a significant way.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
THISSEN KAREN WILSON
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 965 | $34.80 | $34K |
Holdings After Transaction:
Common Stock — 83,727.065 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 965 shares
Tax-withholding share value: $34.80 per share
Shares held after transaction: 83,727.065 shares
+1 more
4 metrics
Shares used for tax withholding
965 shares
Tax-withholding disposition of Common Stock
Tax-withholding share value
$34.80 per share
Price applied to 965 shares delivered for taxes
Shares held after transaction
83,727.065 shares
Direct Common Stock ownership following Form 4 event
Tax-withholding share count
965 shares
Reported in transactionSummary as taxWithholdingShares
Key Terms
Form 4, tax-withholding disposition, Common Stock, total_shares_following_transaction
4 terms
Form 4 regulatory
"This type of Form 4 event reflects payment of taxes in shares"
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.
tax-withholding disposition financial
"965 shares of Common Stock were disposed of at $34.80 per share to cover tax obligations, as indicated by the tax-withholding code"
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
"965 shares of Common Stock were disposed of 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.
FAQ
What did GENERAL MILLS INC (GIS) disclose in this Form 4 filing?
GENERAL MILLS INC reported that executive Karen Wilson Thissen had 965 shares of Common Stock withheld to cover tax obligations. This tax-withholding disposition is a routine administrative event rather than an open‑market trade and leaves her holding over 83,700 shares.
Who is the insider involved in the latest GENERAL MILLS INC (GIS) Form 4?
The filing involves Karen Wilson Thissen, General Counsel & Secretary of GENERAL MILLS INC. She reported a tax-related share disposition, where 965 shares were used to settle obligations, while she continues to directly own more than 83,700 Common Stock shares.
Was the GENERAL MILLS INC (GIS) Form 4 transaction an open-market sale?
No. The transaction is coded as a tax-withholding disposition, meaning shares were delivered to pay tax obligations. It was not an open-market sale, but an administrative settlement linked to equity compensation rather than a discretionary stock trade.