ODLAND STEPHEN A 4

What Happened

• Stephen A. Odland, a non-employee director of General Mills, received a grant of 742 common stock units (derivative awards) on 2026-05-31. The units were reported at $33.65 each for a total reported value of $24,968. This transaction is an award/acquisition (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-31; 742 units at $33.65 each (total $24,968).
• Instrument: Common stock units (derivative) — represents the right to receive the cash value of one share per unit.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The units come from deferring a cash retainer under the Deferred Compensation Plan for Non-Employee Directors; units are payable in cash at the end of the deferral period and may be moved into alternate investments.
• Filing: Form 4 filed 2026-06-02 (reporting the 2026-05-31 transaction).

Context

• These common stock units are deferred compensation (a derivative right to cash equal to the share value) and do not necessarily represent an immediate purchase of shares or a vote of confidence in the stock. Grants to non-employee directors as part of compensation are routine and primarily administrative rather than a direct market signal.