Form 4: General Mills CEO Jeffrey Harmening Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
General Mills CEO Jeffrey Harmening exercised stock options and sold 46,500 shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On October 23, 2024, Jeffrey Harmening, Chairman of the Board & CEO of General Mills Inc., exercised a non-qualified stock option to acquire 46,500 shares of common stock at a price of $55.72 per share.
- Simultaneously, Harmening sold 46,500 shares of General Mills common stock at a weighted average price of $68.6097 per share, with prices ranging from $68.38 to $68.55.
- These sales were executed under a 10b5-1 trading plan established on July 24, 2024.
- Following these transactions, Harmening directly owns 355,327.7061 shares of General Mills common stock and indirectly owns 316,619 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive stock transactions. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. The use of 10b5-1 trading plans allows insiders to sell shares over a period of time while avoiding accusations of insider trading.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine executive stock transaction.
Key Dates
| Date | Description |
|---|---|
| 06/30/2019 | Date exercisable for Non-Qualified Stock Option |
| 07/24/2024 | Date of 10b5-1 trading plan |
| 07/30/2025 | Expiration date for Non-Qualified Stock Option |
| 10/23/2024 | Date of transaction (exercise of stock option and sale of shares) |
| 10/25/2024 | Date of signature |
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