Form 4: Stephen A. Odland Reports Acquisition of Phantom Stock in General Mills Inc.

Director Stephen A. Odland reports acquiring 355 units of phantom stock in General Mills Inc. through a deferred compensation plan.

Summary

• Stephen A. Odland, a director of General Mills Inc., reported a transaction involving phantom stock on May 26, 2024.
• He acquired 355 units of phantom stock through the Deferred Compensation Plan for Non-Employee Directors.
• Each unit represents the right to receive the cash value of one share of General Mills common stock.
• The acquisition price is $70.35 per unit.
• Following the transaction, Odland beneficially owns 45,642.51 units of phantom stock.
• These units are payable in cash at the end of the deferral period, and the reporting person can transfer their investment into an alternative investment at any time.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction without expressing any positive or negative outlook.

Positives

• The acquisition of phantom stock demonstrates the director's continued investment in General Mills.
• The Deferred Compensation Plan allows directors to align their interests with those of the shareholders.

Future Outlook

The phantom stock units are payable in cash at the end of the deferral period, and the reporting person can transfer their investment into an alternative investment at any time.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of interests between company directors and shareholders.

Key Dates