General Mills officer receives stock and option grants

GENERAL MILLS INC Chief Innovation Officer Lanette Shaffer reported stock-based compensation awards rather than open-market trading.

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.

Insider Trade Summary

Grant/Award: 39,453 shares

Grant/Award 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	$0.00
Grant/Award	Common Stock	6,576	$0.00	$0.00

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 32,877 contracts (Direct); Common Stock — 38,042.9867 shares (Direct)

Footnotes (1)

1. F1. Option vests in four equal annual installments beginning on July 6, 2027.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many GENERAL MILLS (GIS) shares does Lanette Shaffer hold after these grants?

After the grant, Lanette Shaffer directly holds 38,042.9867 shares of GENERAL MILLS Common Stock. This figure reflects her updated ownership following receipt of 6,576 additional shares awarded as compensation, as disclosed in the Form 4 insider filing.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/08/2026 - 09:47 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shaffer Werner Lanette

(Last) (First) (Middle)

NUMBER ONE GENERAL MILLS BOULEVARD

(Street)

MINNEAPOLIS MINNESOTA 55426

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GENERAL MILLS INC [ GIS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Innovation Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/06/2026		A		6,576	A	$0.0	38,042.9867	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$36.12	07/06/2026		A		32,877		(1)	08/06/2036	Common Stock	32,877	$0.0	32,877	D

Explanation of Responses:

1. Option vests in four equal annual installments beginning on July 6, 2027.

	By: Christopher A. Rauschl For: Lanette Shaffer Werner	07/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)