Form 4: General Mills Director Jorge Uribe Acquires Shares in Lieu of Retainer

Director Jorge Uribe acquired 457 shares of General Mills common stock at $65.61 per share on February 25, 2024, in lieu of a retainer under the 2022 Stock Compensation Plan.

Summary

• On February 25, 2024, Jorge Uribe, a director of General Mills Inc., acquired 457 shares of common stock.
• The acquisition was made in lieu of a retainer under the 2022 Stock Compensation Plan.
• The price per share was $65.61.
• Following the transaction, Uribe beneficially owns 31,154.023 shares of General Mills common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares signals confidence, but it's a routine transaction.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of stock compensation aligns director's interests with shareholders.

Industry Context

Directors receiving stock in lieu of retainers is a common practice to align their interests with shareholders and conserve cash.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates