General Mills (GIS) CTO has 2,927 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Chief Technology Officer Jaime Montemayor reported a routine tax-related share disposition. On June 28, 2026, 2,927 shares of Common Stock were withheld at $36.01 per share to satisfy tax obligations. After this tax-withholding disposition, Montemayor directly owned 162,588.029 shares of General Mills Common Stock. This was not an open-market purchase or sale but a standard mechanism tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Montemayor Jaime
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,927 | $36.01 | $105K |
Holdings After Transaction:
Common Stock — 162,588.029 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 2,927 shares
Tax-withholding price: $36.01 per share
Post-transaction holdings: 162,588.029 shares
3 metrics
Tax-withholding shares
2,927 shares
Common Stock withheld for taxes on June 28, 2026
Tax-withholding price
$36.01 per share
Price applied to 2,927 shares for tax-withholding disposition
Post-transaction holdings
162,588.029 shares
Common Stock directly owned after the Form 4 transaction
Key Terms
tax-withholding disposition, Common Stock, Form 4
3 terms
tax-withholding disposition financial
"a tax-withholding disposition, where 2,927 General Mills shares were delivered at $36.01"
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
"2,927 Common Stock shares were delivered at $36.01 each to satisfy tax liabilities"
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 financial
"This figure reflects his position following the 2,927-share tax-related disposition reported in the 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.
FAQ
What insider transaction did GENERAL MILLS (GIS) disclose for Jaime Montemayor?
GENERAL MILLS disclosed that Chief Technology Officer Jaime Montemayor had 2,927 Common Stock shares withheld to cover taxes. The tax-withholding disposition occurred at $36.01 per share and is part of routine equity compensation administration.
Was the June 28, 2026 GIS insider transaction an open-market sale?
No, the June 28, 2026 transaction was not an open-market sale. It was a tax-withholding disposition, where 2,927 General Mills shares were delivered at $36.01 each to satisfy tax liabilities tied to equity compensation.
What does transaction code F mean in the GENERAL MILLS (GIS) Form 4?
Transaction code F indicates a tax-withholding disposition, where shares are delivered to cover exercise price or tax liabilities. For GIS, 2,927 shares of Common Stock were used this way for Chief Technology Officer Jaime Montemayor.