Form 4: General Mills' General Counsel Exercises Stock Options and Disposes of Shares

Karen Wilson Thissen, General Counsel & Secretary of General Mills, exercised stock options and disposed of shares on June 28, 2024.

Summary

• Karen Wilson Thissen, General Counsel & Secretary of General Mills, filed a Form 4 detailing changes in beneficial ownership.
• On June 28, 2024, Ms. Thissen acquired 6,719 shares of Common Stock at $0.00.
• Also on June 28, 2024, Ms. Thissen disposed of 366 shares of Common Stock at $63.26.
• Following these transactions, Ms. Thissen beneficially owns 19,697 shares of Common Stock.
• Ms. Thissen also acquired 33,592 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.
• Following these transactions, Ms. Thissen beneficially owns 33,592 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard executive compensation practices.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates changes in Ms. Thissen's holdings of General Mills stock and stock options.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management's interests with those of shareholders.
• The vesting schedule of the options (four equal annual installments) is a common practice.
• The exercise price of $63.26 is based on the market value of the stock at the time the options were granted.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates