Form 4: General Mills Chief Innovation Officer Lanette Shaffer Werner Reports Stock Transactions
SEC Form 4 Filing
Lanette Shaffer Werner, Chief Innovation Officer of General Mills, reports acquisition and disposal of company stock and stock options.
Summary
- On June 28, 2024, Lanette Shaffer Werner, Chief Innovation Officer of General Mills, acquired 3,755 shares of Common Stock at $0.00.
- On June 29, 2024, she disposed of 1,650 shares of Common Stock at $63.26.
- Following these transactions, she beneficially owns 23,267.5137 shares of Common Stock.
- On June 28, 2024, she acquired 18,772 Non-Qualified Stock Options with an exercise price of $63.26, vesting in four equal annual installments beginning June 28, 2025, and expiring on July 28, 2034.
- She directly owns 18,772 derivative securities.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing reflecting stock transactions by a company executive; it doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common for executives of publicly traded companies like General Mills.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Acquisition of 3,755 shares of Common Stock and 18,772 Non-Qualified Stock Options |
| 06/29/2024 | Disposal of 1,650 shares of Common Stock |
| 06/28/2025 | First vesting date for Non-Qualified Stock Options |
| 07/28/2034 | Expiration date for Non-Qualified Stock Options |
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