HARMENING JEFFREY L 4
Research Summary
AI-generated summary
General Mills (GIS) CEO Jeffrey Harmening Receives Share Award
What Happened
Jeffrey L. Harmening, Chairman of the Board and Chief Executive Officer of General Mills (GIS), was granted awards on July 6, 2026. The Form 4 reports an immediate acquisition of 69,214 shares (reported at $0.00) and a derivative award for 346,069 shares (also reported at $0.00). The filing shows no cash paid; the derivative award is subject to a vesting schedule described in the footnote.
Key Details
- Transaction date: July 6, 2026; Form 4 filed July 8, 2026 (appears timely).
- Transaction type/code: A = Grant/award/other acquisition.
- Shares reported: 69,214 shares acquired; 346,069 derivative shares awarded.
- Reported price/value: $0.00 per share in the filing (no cash consideration reported).
- Shares owned after transaction: Not provided in the supplied filing excerpt.
- Footnote: Option vests in four equal annual installments beginning July 6, 2027.
- No 10b5‑1 plan, tax‑withholding sale, or immediate disposition reported in this filing.
Context
This filing documents compensation-related awards, not an open‑market purchase or sale. The 346,069 derivative award appears to be an option-like grant that will vest over four years (starting 7/6/2027), meaning the shares are not fully owned or freely tradeable today. Such grants are common executive compensation; they do not, by themselves, indicate a current buy/sell decision in the open market.