ODLAND STEPHEN A 4

What Happened

• Stephen A. Odland, a non-employee director of General Mills (GIS), was granted 551 common stock units on 2026-02-22. The units were valued at $45.36 each for a total reported value of $24,993. The filing classifies this as an acquisition (transaction code A) of a derivative security.

Key Details

• Transaction date and price: 2026-02-22; 551 units @ $45.36 each; total $24,993.
• Security type: Derivative — common stock units (each unit represents the cash value of one share of General Mills common stock).
• Shares/units owned after transaction: Not specified in the filing.
• Filing: Report filed 2026-02-24 reporting the 2026-02-22 transaction (appears timely).
• Footnote: The reporting person deferred a cash retainer into common stock units under the Deferred Compensation Plan for Non-Employee Directors; units are payable in cash at the end of the deferral period and may be transferred into alternative investments at any time.

Context

• This was a deferred-compensation acquisition (not an open-market purchase or sale of actual shares). The units are payable in cash based on the value of General Mills stock when distributed, so this does not immediately change the company’s share count. Such grants are routine for non-employee directors and reflect compensation deferral rather than a directional bet on the stock.