Form 4: General Mills Director Maria Henry Acquires Shares in Lieu of Retainer

Director Maria Henry acquired 479 shares of General Mills stock on May 26, 2024, in lieu of a retainer under the 2022 Stock Compensation Plan.

Summary

• On May 26, 2024, Maria Henry, a director of General Mills Inc., acquired 479 shares of common stock.
• The acquisition was made in lieu of a retainer under the 2022 Stock Compensation Plan.
• The price per share was $70.35.
• Following the transaction, Maria Henry directly owns 40,939 shares of General Mills common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction of a director acquiring shares, which is generally seen as a sign of confidence in the company.

Industry Context

Director stock ownership is common and often viewed positively as it aligns the director's interests with those of the shareholders. The use of stock compensation plans is a typical practice for compensating board members.

Comparison to Industry Standards

• Stock compensation for board members is a common practice across publicly traded companies.
• Companies like PepsiCo (PEP) and Nestle (NSRGY) also utilize stock-based compensation for their directors.
• The amount of stock awarded in lieu of a retainer is generally aligned with industry standards for director compensation.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's alignment with their interests.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates