General Mills (NYSE: GIS) exec has 1,055 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Segment President Elizabeth Mascolo reported routine share activity involving company common stock. On a recent transaction date, 1,055 shares were disposed of at $34.80 per share as a tax-withholding disposition, meaning shares were withheld to cover tax obligations rather than sold in the open market.
After this event, Mascolo held 34,852.287 General Mills common shares directly. In addition, 2,147.1600 shares are held indirectly in a trust associated with the General Mills Savings Plan. These entries reflect compensation- and plan-related administration rather than discretionary buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mascolo Elizabeth
Role
Segment President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,055 | $34.80 | $37K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,852.287 shares (Direct, null);
Common Stock — 2,147.16 shares (Indirect, by Trust)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 1,055 shares
Withholding price: $34.80 per share
Direct holdings after transaction: 34,852.287 shares
+1 more
4 metrics
Tax-withheld shares
1,055 shares
Code F tax-withholding disposition of common stock
Withholding price
$34.80 per share
Value used for tax-withholding disposition
Direct holdings after transaction
34,852.287 shares
Direct General Mills common stock held after disposition
Indirect trust holdings
2,147.1600 shares
Held in trust by trustee of General Mills Savings Plan
Key Terms
tax-withholding disposition, Common Stock, Form 4, General Mills Savings Plan
4 terms
tax-withholding disposition financial
"1,055 shares were disposed of 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
"General Mills common stock was the security involved in the transaction"
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.
Form 4 regulatory
"Elizabeth Mascolo reported these insider transactions in a Form 4 filing"
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.
General Mills Savings Plan financial
"Shares are held in trust under the General Mills Savings Plan"
FAQ
What did General Mills (GIS) Segment President Elizabeth Mascolo report in this Form 4?
Elizabeth Mascolo reported a tax-related share disposition and updated holdings. 1,055 General Mills common shares were withheld to cover tax obligations, and her direct and indirect ownership positions in company stock were updated following this routine compensation-related event.
Is Elizabeth Mascolo’s General Mills (GIS) Form 4 transaction an open-market sale?
No, the Form 4 reports a tax-withholding disposition, not an open-market sale. Shares coded as F are typically withheld by the issuer to pay taxes on equity compensation, so they do not represent a discretionary decision to sell shares on the stock market.
How are Elizabeth Mascolo’s indirect General Mills (GIS) holdings structured?
Her indirect holdings are 2,147.1600 General Mills common shares held in trust. The trust is administered by the trustee of the General Mills Savings Plan, reflecting retirement or savings-plan related ownership rather than personally managed brokerage holdings in her own name.