General Mills (GIS) Segment President granted shares and 32,877 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Segment President Ricardo Fernandez received new equity compensation. He was granted 6,576 shares of General Mills common stock on July 6, 2026, increasing his direct holdings to 82,599.613 shares. He also received a non-qualified stock option for 32,877 shares at an exercise price of $36.12 per share.
The option relates to the company’s common stock and expires on August 6, 2036. According to the footnote, this option vests in four equal annual installments beginning on July 6, 2027, meaning the right to exercise the full amount will be earned gradually over four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fernandez Ricardo
Role
Segment President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) | 32,877 | $0.00 | -- |
| Grant/Award | Common Stock | 6,576 | $0.00 | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 32,877 shares (Direct, null);
Common Stock — 82,599.613 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Common stock grant: 6,576 shares
Total shares after grant: 82,599.613 shares
Option grant size: 32,877 options
+3 more
6 metrics
Common stock grant
6,576 shares
Awarded on July 6, 2026 to Segment President Ricardo Fernandez
Total shares after grant
82,599.613 shares
Direct common stock holdings following the July 6, 2026 grant
Option grant size
32,877 options
Non-qualified stock option for General Mills common stock
Option exercise price
$36.12 per share
Conversion or exercise price for the new non-qualified stock option
Option expiration
August 6, 2036
Expiration date of the non-qualified stock option grant
Option vesting schedule
Four equal annual installments
Vesting begins July 6, 2027 per footnote F1
Key Terms
Non-Qualified Stock Option, exercise price, expiration date, vests in four equal annual installments, +1 more
5 terms
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
exercise price financial
"conversion_or_exercise_price": "36.1200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2036-08-06T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vests in four equal annual installments financial
"Option vests in four equal annual installments beginning on July 6, 2027."
Segment President financial
"officer_title": "Segment President""
FAQ
What did General Mills (GIS) executive Ricardo Fernandez report in this Form 4?
Ricardo Fernandez reported receiving equity compensation from General Mills, including 6,576 shares of common stock and a non-qualified stock option for 32,877 shares. These awards are categorized as grants, not open-market purchases or sales, and reflect part of his executive compensation package.
What are the key terms of Ricardo Fernandez’s new stock option from General Mills (GIS)?
Fernandez received a non-qualified stock option for 32,877 General Mills shares at an exercise price of $36.12 per share. The option expires on August 6, 2036 and is tied to the company’s common stock, providing potential future equity if exercised after vesting.
When do Ricardo Fernandez’s new General Mills (GIS) stock options vest?
The new option grant vests in four equal annual installments starting on July 6, 2027. Each year, one-quarter of the 32,877-option award becomes exercisable, spreading vesting over four years and aligning long-term incentives with his continued service at General Mills.
Is Ricardo Fernandez buying or selling General Mills (GIS) stock in this Form 4?
The Form 4 shows an acquisition through grants, not open-market buying or selling. Fernandez received 6,576 shares of common stock and a stock option award as compensation. These are coded as “A” transactions, indicating grant or award rather than discretionary trading in the market.