Uribe Jorge A. 4
Research Summary
AI-generated summary
General Mills (GIS) Director Jorge Uribe Receives 891-Share Award
What Happened
- Jorge A. Uribe, a non‑employee director of General Mills (GIS), was granted 891 shares on 2026-05-31 under the company's 2022 Stock Compensation Plan as director compensation (code A). The grant was priced at $33.65 per share for a gross value of $29,982.
- As part of tax withholding (code F), 190 of those shares were surrendered/withheld at the same $33.65 price (value ~$6,394), leaving a net increase of 701 shares to Uribe (net value ≈ $23,589).
Key Details
- Transaction date: 2026-05-31; Filing date: 2026-06-02 (Accession 0000897101-26-000192).
- Price per share: $33.65 for both the award and the withheld shares.
- Gross award: 891 shares (≈ $29,982); Tax withholding: 190 shares (≈ $6,394); Net retained: 701 shares (≈ $23,589).
- Footnote: F1 — Common stock issued to a Non‑Employee Director in lieu of retainer under the 2022 Stock Compensation Plan.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: no late‑filing flag was provided in the supplied data.
Context
- This was a routine director compensation award (not an open‑market purchase or option exercise). Tax withholding of shares is a common administrative action and does not necessarily indicate insider sentiment about the stock.
- For retail investors, director awards are typically part of regular compensation policies and should be interpreted differently than outright purchases by executives or 10% owners.