General Mills CEO uses shares for tax payment
GENERAL MILLS INC Chairman and CEO Jeffrey L. Harmening reported routine share movements related to existing holdings and tax obligations.
Rhea-AI Filing Summary
GENERAL MILLS INC Chairman and CEO Jeffrey L. Harmening reported routine share movements related to existing holdings and tax obligations. The filing shows a tax-withholding disposition of 14,335 shares of common stock at $34.80 per share to cover obligations tied to equity compensation, which is not an open-market sale.
After this tax-related share delivery, Harmening directly held 384,955.3201 shares of General Mills common stock. The filing also lists indirect holdings held by trusts associated with him, including 7,550 shares held "by Trust 2" and 361,141 shares held "by Trust." These trust positions represent indirect ownership and remain in place following the reported activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 14,335 shares
Exercise Price or Tax Liability
3 txns
Insider
HARMENING JEFFREY L
Role
Chairman of the Board & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 14,335 | $34.80 | $499K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 384,955.3201 shares (Direct);
Common Stock — 361,141 shares (Indirect, by Trust);
Common Stock — 7,550 shares (Indirect, by Trust 2)
Key Figures
Tax-withholding shares: 14,335 shares
Tax-withholding price: $34.80 per share
Direct holdings after transaction: 384,955.3201 shares
+2 more
5 metrics
Tax-withholding shares
14,335 shares
Common stock delivered to cover tax liabilities
Tax-withholding price
$34.80 per share
Value assigned to shares used for tax payment
Direct holdings after transaction
384,955.3201 shares
CEO direct common stock position following tax withholding
Trust 2 indirect holdings
7,550 shares
Common stock held indirectly by Trust 2
Trust indirect holdings
361,141 shares
Common stock held indirectly by Trust
Key Terms
tax-withholding disposition, indirect ownership, Form 4, equity compensation
4 terms
tax-withholding disposition financial
"The filing shows a tax-withholding disposition of 14,335 shares of common stock at $34.80 per share"
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.
indirect ownership financial
"The filing also lists indirect holdings held by trusts associated with him"
Form 4 regulatory
"This GENERAL MILLS Form 4 shows a tax-withholding disposition of 14,335 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.
equity compensation financial
"to cover obligations tied to equity compensation, which is not an open-market sale"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
What insider transaction did GENERAL MILLS (GIS) report for its CEO?
GENERAL MILLS CEO Jeffrey L. Harmening reported a tax-withholding disposition of 14,335 common shares at $34.80 per share. This transaction covered tax obligations on equity compensation and did not represent an open-market stock sale to outside investors.
Was the GENERAL MILLS (GIS) CEO’s transaction a stock sale in the open market?
No, the transaction was coded “F,” meaning shares were delivered to cover tax liabilities at $34.80 per share. Such tax-withholding dispositions are administrative and differ from discretionary open-market stock sales executed through a broker on an exchange.
What indirect GENERAL MILLS (GIS) holdings are shown for the CEO on this Form 4?
The Form 4 lists 7,550 GENERAL MILLS common shares held indirectly “by Trust 2” and 361,141 shares held indirectly “by Trust.” These positions are attributed to trusts associated with the CEO, reflecting indirect ownership separate from his directly held shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
