Form 4: General Mills CEO Jeffrey Harmening Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jeffrey Harmening, Chairman and CEO of General Mills, disposed of 2,712 shares of common stock on November 1, 2024, to cover tax obligations.
Summary
- On November 1, 2024, Jeffrey L Harmening, Chairman and CEO of General Mills Inc., disposed of 2,712 shares of common stock.
- The transaction was executed at a price of $68.24 per share.
- The disposal was related to tax obligations.
- Following the transaction, Harmening directly owns 349,064.7061 shares of General Mills common stock.
- Harmening also indirectly owns 312,620 shares and 7,550 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive behavior and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of stock disposal transaction |
| 11/05/2024 | Date of signature on the Form 4 filing |
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