General Mills DEF 14A: Executive Pay & Pension Details

Ticker: GIS · Form: DEF 14A · Filed: 2024-08-12T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, governance, pension-plans

TL;DR

GM exec pay & pension details out. Check the numbers for FY24.

AI Summary

General Mills Inc. filed its DEF 14A on August 12, 2024, detailing executive compensation and corporate governance matters for the fiscal year ending May 26, 2024. The filing includes information on equity awards granted to PEO and Non-PEO executives, as well as changes in actuarial present values of defined benefit and pension plans. Specific financial data related to these compensation elements for fiscal years 2022, 2023, and 2024 are presented.

Why It Matters

This filing provides transparency into how General Mills compensates its top executives and manages its pension liabilities, which can impact shareholder value and investor confidence.

Risk Assessment

Risk Level: low — DEF 14A filings are routine disclosures of executive compensation and corporate governance, typically not indicating immediate financial risk.

Key Numbers

2024-05-26 — Fiscal Year End (Most recent fiscal year for which data is presented.)
2023-05-28 — Previous Fiscal Year End (Prior fiscal year for which data is presented.)
2022-05-29 — Prior Fiscal Year End (Fiscal year prior to the previous one for which data is presented.)

Key Players & Entities

GENERAL MILLS INC (company) — Filer
0000040704 (company) — Central Index Key
20240812 (date) — Filing Date
20240526 (date) — Fiscal Year End

FAQ

What was the fair value of equity awards granted to PEOs in fiscal year 2024?

The filing provides data points for 'PEOMinusGrantDateFairValueofEquityAwardsGrantedinFiscalYearMember' for the fiscal year ending 2024-05-26, but the specific dollar amount is not directly extracted in this summary.

What was the aggregate change in actuarial present value of accumulated benefits under defined benefit and pension plans for Non-PEOs in fiscal year 2024?

The filing references 'NonPEOMinusAggregateChangeInActuarialPresentValueOfAccumulatedBenefitsUnderDefinedBenefitandPensionPlansReportedInSCTMember' for the fiscal year ending 2024-05-26, with specific figures not detailed in this summary.

What is the fair value at fiscal year end of outstanding and unvested equity awards granted in fiscal year 2024 to PEOs?

The filing includes 'PEOPlusFairValueAtFiscalYearEndOfOutstandingAndUnvestedEquityAwardsGrantedInTheFiscalYearMember' for the fiscal year ending 2024-05-26, but the exact value is not specified here.

What is the filing date of this DEF 14A?

The filing date is 20240812.

What is General Mills' fiscal year end?

General Mills' fiscal year ends on May 30th (0530), with the most recent reported fiscal year ending May 26, 2024.

From the Filing

0001308179-24-000692.txt : 20240812 0001308179-24-000692.hdr.sgml : 20240812 20240812150034 ACCESSION NUMBER: 0001308179-24-000692 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 162 CONFORMED PERIOD OF REPORT: 20240924 FILED AS OF DATE: 20240812 DATE AS OF CHANGE: 20240812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MILLS INC CENTRAL INDEX KEY: 0000040704 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 410274440 STATE OF INCORPORATION: DE FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-01185 FILM NUMBER: 241196334 BUSINESS ADDRESS: STREET 1: NUMBER ONE GENERAL MILLS BLVD CITY: MINNEAPOLIS STATE: MN ZIP: 55426 BUSINESS PHONE: (763) 764-7600 MAIL ADDRESS: STREET 1: P O BOX 1113 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 DEF 14A 1 lgis2024_def14a.htm GENERAL MILLS INC - DEF 14A GENERAL MILLS, INC. - DEF 14A false 0000040704 DEF 14A 402979 0000040704 2023-05-28 2024-05-26 0000040704 2022-05-29 2023-05-26 0000040704 2021-05-29 2022-05-26 0000040704 2020-05-29 2021-05-26 0000040704 gis:PEOMinusGrantDateFairValueofEquityAwardsGrantedinFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOMinusGrantDateFairValueOfEquityAwardsGrantedInFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:PEOMinusAggregateChangeInActuarialPresentValueOfAccumulatedBenefitsUnderDefinedBenefitandPensionPlansReportedInSCTMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOMinusAggregateChangeInActuarialPresentValueOfAccumulatedBenefitsUnderDefinedBenefitandPensionPlansReportedInSCTMember 2023-05-28 2024-05-26 0000040704 gis:PEOPlusPensionServiceCostAndAssociatedPriorServiceCostMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOPlusPensionServiceCostAndAssociatedPriorServiceCostMember 2023-05-28 2024-05-26 0000040704 gis:PEOPlusFairValueAtFiscalYearEndOfOutstandingAndUnvestedEquityAwardsGrantedInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOPlusFairValueAtFiscalYearEndOfOutstandingAndUnvestedEquityAwardsGrantedInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:PEOPlusMinusChangeInFairValueAsOfFiscalYearEndFromTheEndOfThePriOrFiscalYearOfOutstandingAndUnvestedEquityAwardsGrantedInPriorFiscalYearsMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOPlusMinusChangeInFairValueAsOfFiscalYearEndFromTheEndOfThePriOrFiscalYearOfOutstandingAndUnvestedEquityAwardsGrantedInPriorFiscalYearsMember 2023-05-28 2024-05-26 0000040704 gis:PEOPlusFairValueAtVestingOfEquityAwardsGrantedAndVestedInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOPlusFairValueAtVestingOfEquityAwardsGrantedAndVestedInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:PEOPlusMinusChangeInFairValueAsOfTheVestingDateOfEquityAwardsGrantedInPriorFiscalYearsThatVestedInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOPlusMinusChangeInFairValueAsOfTheVestingDateOfEquityAwardsGrantedInPriorFiscalYearsThatVestedInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:PEOMinusFairValueAsOfThePriorFiscalYearEndOfEquityAwardsGrantedInPriorFiscalYearsThatFailedToMeetVestingConditionsInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOMinusFairValueAsOfThePriorFiscalYearEndOfEquityAwardsGrantedInPriorFiscalYearsThatFailedToMeetVestingConditionsInTheFiscalYearMember 2023-05-28 2024-05-26 0000040704 gis:PEOPlusValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseReflectedInTotalCompensationMember 2023-05-28 2024-05-26 0000040704 gis:NonPEOPlusValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseReflectedInTotalCompensationMember 2023-05-28 2024-05-26 0000040704 1 2023-05-28 2024-05-26 0000040704 2 2023-05-28 2024-05-26 0000040704 3 2023-05-28 2024-05-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure UNITED STATES   SECURITIES AND EXCHANGE COMMISSION   Washington, DC 20549   SCHEDULE 14A   PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934