General Mills Director Jorge Uribe Receives 748-Share Award
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General Mills Director Jorge Uribe Receives 748-Share Award
What Happened
Jorge A. Uribe, a non-employee director of General Mills (GIS), was issued 748 shares as a director compensation award on 2026-08-30 (748 shares × $40.08 = $29,980). At the same time, 160 shares were withheld to cover tax obligations related to the award (160 shares × $40.08 = $6,413). The grant is compensation (an acquisition/award), while the withholding is a routine disposition to satisfy taxes.
Key Details
- Transaction date: 2026-08-30; filing date: 2026-08-31 (timely filed).
- Award: 748 shares at $40.08 per share — total value ≈ $29,980.
- Tax withholding: 160 shares at $40.08 per share — value ≈ $6,413 (coded F for tax withholding).
- Footnote: Shares issued to a non-employee director in lieu of cash retainer under the 2022 Stock Compensation Plan.
- Shares owned after transaction: not disclosed in the provided details.
- Transaction codes: A = award/acquisition; F = shares withheld for tax/payment.
Context
Director stock awards in lieu of cash retainers are a routine form of compensation and do not by themselves indicate a personal purchase decision or change in market view. The withholding of shares to cover taxes is a common administrative step (not a market sale by choice). Purchase transactions typically carry more weight as a potential bullish signal; this filing documents standard compensation and tax withholding.