General Mills (NYSE: GIS) Chief Innovation Officer awarded stock and 32,877-share option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GENERAL MILLS INC Chief Innovation Officer Lanette Shaffer reported stock-based compensation awards rather than open-market trading. She received 6,576 shares of Common Stock at no cost, bringing her direct holdings to 38,042.9867 shares after the award.
She also received a non-qualified stock option for 32,877 shares of Common Stock at an exercise price of $36.12 per share. According to the footnote, this option vests in four equal annual installments beginning on July 6, 2027, meaning the right to exercise builds gradually over four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shaffer Werner Lanette
Role
Chief Innovation Officer
| 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 — 38,042.987 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock grant: 6,576 shares
Shares held after grant: 38,042.9867 shares
Option grant size: 32,877 options
+2 more
5 metrics
Stock grant
6,576 shares
Common Stock awarded as compensation on July 6, 2026
Shares held after grant
38,042.9867 shares
Total direct Common Stock holdings after award
Option grant size
32,877 options
Non-qualified stock option covering Common Stock
Option exercise price
$36.12 per share
Exercise price for newly granted stock option
Option vesting start
July 6, 2027
First vesting date; four equal annual installments
Key Terms
Non-Qualified Stock Option, exercise price, vesting, grant/award acquisition
4 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.
vesting financial
"Option vests in four equal annual installments beginning on July 6, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
FAQ
What insider transactions did GENERAL MILLS INC (GIS) report for Lanette Shaffer?
GENERAL MILLS INC reported that Chief Innovation Officer Lanette Shaffer received 6,576 shares of Common Stock and a non-qualified stock option covering 32,877 shares. Both awards were recorded as compensation grants, not open-market purchases or sales of GIS stock.
Were Lanette Shaffer’s GENERAL MILLS (GIS) Form 4 transactions open-market buys or sells?
The Form 4 shows no open-market buys or sells. Instead, Lanette Shaffer acquired 6,576 Common Stock shares and 32,877 stock options as compensation grants, both coded as award acquisitions, with a reported price of $0.00 per share for the granted securities.
What are the key terms of Lanette Shaffer’s new GENERAL MILLS (GIS) stock option?
Shaffer’s new non-qualified stock option covers 32,877 shares of GENERAL MILLS Common Stock at a $36.12 exercise price. The option vests in four equal annual installments, beginning on July 6, 2027, so her exercisable amount increases gradually each year over four years.
When do Lanette Shaffer’s newly granted GENERAL MILLS (GIS) options vest?
The Form 4 footnote states that Lanette Shaffer’s option vests in four equal annual installments starting July 6, 2027. Each year another quarter of the 32,877-share option becomes exercisable, so full vesting occurs after four annual vesting dates.
What role does Lanette Shaffer hold at GENERAL MILLS (GIS) in this Form 4?
In this Form 4 filing, Lanette Shaffer is identified as an officer of GENERAL MILLS serving as Chief Innovation Officer. The reported 6,576-share stock grant and 32,877-share option award represent equity-based compensation tied to this executive role at the company.