Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
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Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
The information contained in the section entitled “Ownership of General Mills Common Stock by Directors, Officers and Certain
Beneficial Owners” in our definitive Proxy Statement for our 2026 Annual Meeting of Shareholders is incorporated herein by
reference.
Equity Compensation Plan Information
The following table provides certain information as of May 31, 2026, with respect to our equity compensation plans:
| Plan Category | Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights (1) | Weighted - Average Exercise Price of Outstanding Options, Warrants and Rights (2) (a) | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (1)) (3) | ||||
| Equity compensation plans approved by security holders | 19,004,328 | (b) | $59.00 | 25,872,524 | (d) | ||
| Equity compensation plans not approved by security holders | 70,928 | (c) | — | — | |||
| Total | 19,075,256 | $59.00 | 25,872,524 |
(a)Only includes the weighted-average exercise price of outstanding options, which have a weighted-average term of 4.4 years.
(b)Includes 13,331,527 stock options, 3,284,114 restricted stock units, 418,289 performance share units (assuming pay out for target
performance), and 1,970,398 restricted stock units that have vested and been deferred.
(c)Includes 70,928 restricted stock units that have vested and been deferred. These awards were made in lieu of salary increases and certain
other compensation and benefits. We granted these awards under our 1998 Employee Stock Plan, which provided for the issuance of stock
options, restricted stock, and restricted stock units to attract and retain employees and to align their interest with those of shareholders. We
discontinued the 1998 Employee Stock Plan in September 2003, and no future awards may be granted under that plan.
(d)Includes stock options, restricted stock, restricted stock units, shares of unrestricted stock, stock appreciation rights, and performance
awards that we may award under our 2022 Stock Compensation Plan, which has 25,872,524 shares available for grant at May 31, 2026.
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