# EDGAR Filing Document

**Accession Number:** 0000040704
**File Stem:** 0001628280-25-057598
**Filing Date:** 2025-12
**Character Count:** 912187
**Document Hash:** 104b82b19ff6ff1e74930379d1d2f10d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-057598.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001628280-25-057598

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 89

**CONFORMED PERIOD OF REPORT**: 20251123

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GENERAL MILLS INC
- **CENTRAL INDEX KEY:** 0000040704
- **STANDARD INDUSTRIAL CLASSIFICATION:** GRAIN MILL PRODUCTS [2040]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 410274440
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0530

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-01185
- **FILM NUMBER:** 251578674

**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

?xml version='1.0' encoding='ASCII'? gis-20251123

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

(Mark One)

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDEDNOVEMBER 23, 2025

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

Commission file number: 001-01185

________________

**GENERAL MILLS, INC.**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| Delaware | 41-0274440 |
| (State or other jurisdiction of | (I.R.S. Employer |
| incorporation or organization) | Identification No.) |
| Number One General Mills Boulevard |  |
| Minneapolis, Minnesota | 55426 |
| (Address of principal executive offices) | (Zip Code) |

---

(763)764-7600

(Registrant's telephone number, including area code)

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange**<br>**on which registered**<br>|
| Common Stock, $.10 par value | GIS | New York Stock Exchange |
| 0.450% Notes due 2026 | GIS 26 | New York Stock Exchange |
| 1.500% Notes due 2027 | GIS 27 | New York Stock Exchange |
| 3.907% Notes due 2029 | GIS 29 | New York Stock Exchange |
| 3.650% Notes due 2030 | GIS 30A | New York Stock Exchange |
| 3.600% Notes due 2032 | GIS 32 | New York Stock Exchange |
| 3.850% Notes due 2034 | GIS 34 | New York Stock Exchange |

---

________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities

Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),

and (2) has been subject to such filing requirements for the past 90 days.

Yes☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted

pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the

registrant was required to submit such files). Yes☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller

reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller

reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Large accelerated filer | ☑ | Accelerated filer | ☐ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-accelerated filer | ☐ | Smaller reporting company | ☐ |

---

---

| | |
|:---|:---|
| Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☑

Number of shares of Common Stock outstanding as of December 10, 2025: 533,582,081 (excluding221,031,247 shares held in the

treasury).

General Mills, Inc.

**Table of Contents**

---

| | |
|:---|:---|
|  | **<u>Page</u>** |
| <u>[PART I – Financial Information](#ibbd537b2c61843838331148a035a486d_13)</u> |  |
| <u>[Item 1. Financial Statements](#ibbd537b2c61843838331148a035a486d_13)</u> |  |
| <u>[Consolidated Statements of Earnings for the quarters and](#ibbd537b2c61843838331148a035a486d_19)</u><u>six-month</u><u>[periods ended](#ibbd537b2c61843838331148a035a486d_19)</u><u>November 23, 2025</u><u>[and](#ibbd537b2c61843838331148a035a486d_19)</u> <br><u>November 24, 2024</u><br>| [4](#ibbd537b2c61843838331148a035a486d_19) |
| <u>[Consolidated Statements of Comprehensive Income for the quarters and](#ibbd537b2c61843838331148a035a486d_25)</u><u>six-month</u><u>[periods ended](#ibbd537b2c61843838331148a035a486d_10)</u> <br><u>November 23, 2025</u><u>[and](#ibbd537b2c61843838331148a035a486d_19)</u><u>November 24, 2024</u><br>| [5](#ibbd537b2c61843838331148a035a486d_25) |
| <u>[Consolidated Balance Sheets as of](#ibbd537b2c61843838331148a035a486d_28)</u><u>November 23, 2025</u><u>[and](#ibbd537b2c61843838331148a035a486d_28)</u><u>May 25, 2025</u> | [6](#ibbd537b2c61843838331148a035a486d_28) |
| <u>[Consolidated Statements of Total Equity for the quarters and](#ibbd537b2c61843838331148a035a486d_31)</u><u>six-month</u><u>[periods ended](#ibbd537b2c61843838331148a035a486d_31)</u><u>November 23, 2025</u> <br><u>[and](#ibbd537b2c61843838331148a035a486d_19)</u><u>November 24, 2024</u><br>| [7](#ibbd537b2c61843838331148a035a486d_31) |
| <u>[Consolidated Statements of Cash Flows for the](#ibbd537b2c61843838331148a035a486d_34)</u><u>six-month</u><u>[periods ended](#ibbd537b2c61843838331148a035a486d_34)</u><u>November 23, 2025</u><u>[and](#ibbd537b2c61843838331148a035a486d_19)</u> <br><u>November 24, 2024</u><br>| [9](#ibbd537b2c61843838331148a035a486d_34) |
| <u>[Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](#ibbd537b2c61843838331148a035a486d_121)</u> | [22](#ibbd537b2c61843838331148a035a486d_121) |
| <u>[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#ibbd537b2c61843838331148a035a486d_163)</u> | [40](#ibbd537b2c61843838331148a035a486d_163) |
| <u>[Item 4. Controls and Procedures](#ibbd537b2c61843838331148a035a486d_166)</u> | [41](#ibbd537b2c61843838331148a035a486d_166) |
| <u>[PART II – Other Information](#ibbd537b2c61843838331148a035a486d_169)</u> |  |
| <u>[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#ibbd537b2c61843838331148a035a486d_175)</u> | [41](#ibbd537b2c61843838331148a035a486d_175) |
| <u>[Item 5. Other Information](#ibbd537b2c61843838331148a035a486d_178)</u> | [41](#ibbd537b2c61843838331148a035a486d_178) |
| <u>[Item 6. Exhibits](#ibbd537b2c61843838331148a035a486d_184)</u> | [42](#ibbd537b2c61843838331148a035a486d_184) |
| <u>[Signatures](#ibbd537b2c61843838331148a035a486d_187)</u> | [43](#ibbd537b2c61843838331148a035a486d_187) |

---

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

**Consolidated Statements of Earnings**

GENERAL MILLS, INC. AND SUBSIDIARIES

(Unaudited) (In Millions, Except per Share Data)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended**  | **Six-Month Period Ended**  |
|  | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Net sales | **$4860.8** | $5240.1 | **$9378.3** | $10088.2 |
| Cost of sales | **3168.3** | 3309.0 | **6153.0** | 6468.3 |
| Selling, general, and administrative expenses | **842.4** | 852.0 | **1687.5** | 1707.1 |
| Divestitures gain | **—** |  | **(1054.4)** |  |
| Restructuring, transformation, impairment, and other <br>&nbsp;&nbsp;&nbsp;&nbsp;exit costs<br>| **122.1** | 1.2 | **138.4** | 3.4 |
| Operating profit | **728.0** | 1077.9 | **2453.8** | 1909.4 |
| Benefit plan non-service income | **(15.7)** | (13.8) | **(30.8)** | (27.7) |
| Interest, net | **125.9** | 124.6 | **258.7** | 248.2 |
| Earnings before income taxes and after-tax (loss) earnings <br>&nbsp;&nbsp;&nbsp;&nbsp;from joint ventures<br>| **617.8** | 967.1 | **2225.9** | 1688.9 |
| Income taxes | **143.9** | 194.8 | **554.8** | 352.2 |
| After-tax (loss) earnings from joint ventures | **(59.6)** | 30.0 | **(52.8)** | 49.2 |
| Net earnings, including earnings attributable to <br>noncontrolling interests<br>| **414.3** | 802.3 | **1618.3** | 1385.9 |
| Net earnings attributable to noncontrolling interests | **1.3** | 6.6 | **1.1** | 10.3 |
| Net earnings attributable to General Mills | **$413.0** | $795.7 | **$1617.2** | $1375.6 |
| Earnings per share – basic | **$0.78** | $1.43 | **$3.00** | $2.46 |
| Earnings per share – diluted | **$0.78** | $1.42 | **$3.00** | $2.45 |

---

See accompanying notes to consolidated financial statements.

**Consolidated Statements of Comprehensive Income**

GENERAL MILLS, INC. AND SUBSIDIARIES

(Unaudited) (In Millions)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended**  | **Six-Month Period Ended**  |
|  | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Net earnings, including earnings attributable to <br>noncontrolling interests<br>| **$414.3** | $802.3 | **$1618.3** | $1385.9 |
| Other comprehensive income (loss), net of tax: |  |  |  |  |
| Foreign currency translation | **12.4** | 28.8 | **(52.3)** | (33.1) |
| Net actuarial loss | **—** |  | **(7.5)** |  |
| Other fair value changes: |  |  |  |  |
| Hedge derivatives | **3.1** | 9.2 | **8.1** | 3.2 |
| Reclassification to earnings: |  |  |  |  |
| Hedge derivatives | **(4.7)** | 1.7 | **(3.9)** | 1.7 |
| Amortization of losses and prior service costs | **17.0** | 11.7 | **28.4** | 23.3 |
| Other comprehensive income (loss), net of tax | **27.8** | 51.4 | **(27.2)** | (4.9) |
| Total comprehensive income  | **442.1** | 853.7 | **1591.1** | 1381.0 |
| Comprehensive income attributable to <br>noncontrolling interests<br>| **0.8** | 5.3 | **1.1** | 9.5 |
| Comprehensive income attributable to General Mills | **$441.3** | $848.4 | **$1590.0** | $1371.5 |

---

See accompanying notes to consolidated financial statements.

**Consolidated Balance Sheets**

GENERAL MILLS, INC. AND SUBSIDIARIES

(In Millions, Except Par Value)

---

| | | |
|:---|:---|:---|
|  | **Nov. 23, 2025** | **May 25, 2025** |
|  | **(Unaudited)** |  |
| ASSETS |  |  |
| Current assets: |  |  |
| Cash and cash equivalents | **$683.4** | $363.9 |
| Receivables | **1892.6** | 1795.9 |
| Inventories | **2051.5** | 1910.8 |
| Prepaid expenses and other current assets | **443.6** | 464.7 |
| Assets held for sale | **—** | 740.4 |
| Total current assets | **5071.1** | 5275.7 |
| Land, buildings, and equipment | **3514.4** | 3632.6 |
| Goodwill | **15601.5** | 15622.4 |
| Other intangible assets | **7022.6** | 7081.4 |
| Other assets | **1339.4** | 1459.0 |
| Total assets | **$32549.0** | $33071.1 |
| LIABILITIES AND EQUITY |  |  |
| Current liabilities: |  |  |
| Accounts payable | **$3934.1** | $4009.5 |
| Current portion of long-term debt | **1557.8** | 1528.4 |
| Notes payable | **16.8** | 677.0 |
| Other current liabilities | **2204.2** | 1624.0 |
| Liabilities held for sale | **—** | 18.4 |
| Total current liabilities | **7712.9** | 7857.3 |
| Long-term debt | **12160.2** | 12673.2 |
| Deferred income taxes | **2085.4** | 2100.8 |
| Other liabilities | **1261.7** | 1228.6 |
| Total liabilities | **23220.2** | 23859.9 |
| Stockholders' equity: |  |  |
| Common stock, 754.6 shares issued, $0.10 par value | **75.5** | 75.5 |
| Additional paid-in capital | **1170.9** | 1218.8 |
| Retained earnings | **22550.8** | 21917.8 |
| Common stock in treasury, at cost, shares of 221.0 and 212.2 | **(11908.6)** | (11467.9) |
| Accumulated other comprehensive loss | **(2572.2)** | (2545.0) |
| Total stockholders' equity | **9316.4** | 9199.2 |
| Noncontrolling interests | **12.4** | 12.0 |
| Total equity | **9328.8** | 9211.2 |
| Total liabilities and equity | **$32549.0** | $33071.1 |

---

See accompanying notes to consolidated financial statements.

**Consolidated Statements of Total Equity**

GENERAL MILLS, INC. AND SUBSIDIARIES

(Unaudited) (In Millions, Except per Share Data)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| Total equity, beginning balance |  | **$9518.9** |  | $9526.6 |
| Common stock, 1 billion shares authorized, $0.10 par value | **754.6** | **75.5** | 754.6 | 75.5 |
| Additional paid-in capital: |  |  |  |  |
| Beginning balance |  | **1107.1** |  | 1164.6 |
| Stock compensation plans |  | **(8.8)** |  | (4.1) |
| Unearned compensation related to stock unit awards |  | **(1.4)** |  | (4.6) |
| Earned compensation |  | **24.0** |  | 26.1 |
| Shares purchased |  | **50.0** |  |  |
| Ending balance |  | **1170.9** |  | 1182.0 |
| Retained earnings: |  |  |  |  |
| Beginning balance |  | **22791.1** |  | 21213.9 |
| Net earnings attributable to General Mills |  | **413.0** |  | 795.7 |
| Cash dividends declared ($1.22 and $1.20 per share) |  | **(653.3)** |  | (669.3) |
| Ending balance |  | **22550.8** |  | 21340.3 |
| Common stock in treasury: |  |  |  |  |
| Beginning balance | **(219.9)** | **(11866.6)** | (198.8) | (10601.9) |
| Shares purchased, including excise tax of $0.4 and <br>$2.6 million<br>| **(1.3)** | **(50.5)** | (4.2) | (303.0) |
| Stock compensation plans | **0.2** | **8.5** | 0.6 | 31.6 |
| Ending balance | **(221.0)** | **(11908.6)** | (202.4) | (10873.3) |
| Accumulated other comprehensive loss: |  |  |  |  |
| Beginning balance |  | **(2600.5)** |  | (2576.5) |
| Comprehensive income |  | **28.3** |  | 52.7 |
| Ending balance |  | **(2572.2)** |  | (2523.8) |
| Noncontrolling interests: |  |  |  |  |
| Beginning balance |  | **12.3** |  | 251.0 |
| Comprehensive income |  | **0.8** |  | 5.3 |
| Distributions to noncontrolling interest holders |  | **(0.7)** |  | (7.8) |
| Ending balance |  | **12.4** |  | 248.5 |
| Total equity, ending balance |  | **$9328.8** |  | $9449.2 |

---

See accompanying notes to consolidated financial statements.

**Consolidated Statements of Total Equity**

GENERAL MILLS, INC. AND SUBSIDIARIES

(Unaudited) (In Millions, Except per Share Data)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** |
|  | **Shares** | **Amount** | **Shares** | **Amount** |
| Total equity, beginning balance |  | **$9211.2** |  | $9648.5 |
| Common stock, 1 billion shares authorized, $0.10 par value | **754.6** | **75.5** | 754.6 | 75.5 |
| Additional paid-in capital: |  |  |  |  |
| Beginning balance |  | **1218.8** |  | 1227.0 |
| Stock compensation plans |  | **(19.8)** |  | (9.3) |
| Unearned compensation related to stock unit awards |  | **(66.9)** |  | (81.7) |
| Earned compensation |  | **38.8** |  | 46.0 |
| Ending balance |  | **1170.9** |  | 1182.0 |
| Retained earnings: |  |  |  |  |
| Beginning balance |  | **21917.8** |  | 20971.8 |
| Net earnings attributable to General Mills |  | **1617.2** |  | 1375.6 |
| Cash dividends declared ($1.83 and $1.80 per share) |  | **(984.2)** |  | (1007.1) |
| Ending balance |  | **22550.8** |  | 21340.3 |
| Common stock in treasury: |  |  |  |  |
| Beginning balance | **(212.2)** | **(11467.9)** | (195.5) | (10357.9) |
| Shares purchased, including excise tax of $4.4 and <br>$4.8 million<br>| **(10.0)** | **(504.5)** | (8.7) | (605.2) |
| Stock compensation plans | **1.2** | **63.8** | 1.8 | 89.8 |
| Ending balance | **(221.0)** | **(11908.6)** | (202.4) | (10873.3) |
| Accumulated other comprehensive loss: |  |  |  |  |
| Beginning balance |  | **(2545.0)** |  | (2519.7) |
| Comprehensive loss |  | **(27.2)** |  | (4.1) |
| Ending balance |  | **(2572.2)** |  | (2523.8) |
| Noncontrolling interests: |  |  |  |  |
| Beginning balance |  | **12.0** |  | 251.8 |
| Comprehensive income |  | **1.1** |  | 9.5 |
| Distributions to noncontrolling interest holders |  | **(0.7)** |  | (12.8) |
| Ending balance |  | **12.4** |  | 248.5 |
| Total equity, ending balance |  | **$9328.8** |  | $9449.2 |

---

See accompanying notes to consolidated financial statements.

**Consolidated Statements of Cash Flows**

GENERAL MILLS, INC. AND SUBSIDIARIES

(Unaudited) (In Millions)

---

| | | |
|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Cash Flows - Operating Activities |  |  |
| Net earnings, including earnings attributable to noncontrolling interests | **$1618.3** | $1385.9 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |  |  |
| Depreciation and amortization | **276.7** | 269.1 |
| After-tax loss (earnings) from joint ventures | **52.8** | (49.2) |
| Distributions of earnings from joint ventures | **26.9** | 23.1 |
| Stock-based compensation | **39.3** | 46.6 |
| Deferred income taxes | **51.6** | (11.5) |
| Pension and other postretirement benefit plan contributions | **(13.0)** | (15.2) |
| Pension and other postretirement benefit plan costs | **(13.7)** | (6.5) |
| Divestitures gain | **(1054.4)** |  |
| Restructuring, transformation, impairment, and other exit costs (recoveries) | **96.8** | (0.9) |
| Changes in current assets and liabilities, excluding the effects of <br>&nbsp;&nbsp;&nbsp;&nbsp;the acquisition and divestitures<br>| **55.1** | 172.3 |
| Other, net | **79.9** | (39.0) |
| Net cash provided by operating activities | **1216.3** | 1774.7 |
| Cash Flows - Investing Activities |  |  |
| Purchases of land, buildings, and equipment | **(253.1)** | (301.2) |
| Acquisition, net of cash acquired | **—** | (7.7) |
| Proceeds from divestitures | **1803.4** |  |
| Investments in affiliates, net | **6.3** | 6.6 |
| Proceeds from disposal of land, buildings, and equipment | **2.4** | 0.9 |
| Other, net | **(20.1)** | (4.5) |
| Net cash provided (used) by investing activities | **1538.9** | (305.9) |
| Cash Flows - Financing Activities |  |  |
| Change in notes payable | **(659.5)** | 254.3 |
| Issuance of long-term debt | **—** | 1500.0 |
| Payment of long-term debt | **(581.0)** |  |
| Proceeds from common stock issued on exercised options | **0.3** | 33.8 |
| Purchases of common stock for treasury | **(500.1)** | (600.4) |
| Dividends paid | **(658.8)** | (675.8) |
| Distributions to noncontrolling interest holders | **(0.7)** | (12.8) |
| Other, net | **(34.4)** | (77.0) |
| Net cash (used) provided by financing activities | **(2434.2)** | 422.1 |
| Effect of exchange rate changes on cash and cash equivalents | **(1.5)** | (16.1) |
| Increase in cash and cash equivalents | **319.5** | 1874.8 |
| Cash and cash equivalents - beginning of year | **363.9** | 418.0 |
| Cash and cash equivalents - end of period | **$683.4** | $2292.8 |
| Cash Flows from changes in current assets and liabilities, excluding the effects of <br>&nbsp;&nbsp;&nbsp;&nbsp;the acquisition and divestitures:<br>|  |  |
| Receivables | **$(93.7)** | $(109.3) |
| Inventories | **(143.0)** | (169.5) |
| Prepaid expenses and other current assets | **22.8** | 83.4 |
| Accounts payable | **(18.2)** | 266.4 |
| Other current liabilities | **287.2** | 101.3 |
| Changes in current assets and liabilities | **$55.1** | $172.3 |

---

See accompanying notes to consolidated financial statements.

GENERAL MILLS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

<u>(1)</u> <u>Background</u>

The accompanying Consolidated Financial Statements of General Mills, Inc. (we, us, our, General Mills, or the Company) have been

prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information

and with the rules and regulations for reporting on Form 10-Q. Accordingly, they do not include certain information and disclosures

required for comprehensive financial statements. In the opinion of management, all adjustments considered necessary for a fair

presentation have been included and are of a normal recurring nature, including the elimination of all intercompany transactions.

Operating results for the fiscal quarter ended November 23, 2025, are not necessarily indicative of the results that may be expected for

the fiscal year ending May 31, 2026.

These statements should be read in conjunction with the Consolidated Financial Statements and footnotes included in our Annual

Report on Form 10-K for the fiscal year ended May 25, 2025. The accounting policies used in preparing these Consolidated Financial

Statements are the same as those described in Note 2 to the Consolidated Financial Statements in that Form 10-K.

Certain reclassifications to our previously reported financial information have been made to conform to the current period

presentation.

Certain terms used throughout this report are defined in the "Glossary" section below.

<u>(2)</u> <u>Acquisition</u> <u>and Divestitures</u>

During the first quarter of fiscal 2026, we completed the sale of our United States yogurt business to Groupe Lactalis S.A. and

recorded a pre-tax gain of $1,046.5 million.

During the third quarter of fiscal 2025, we completed the sale of our Canada yogurt business to Sodiaal International and recorded a

pre-tax gain of $95.9 million. In the first quarter of fiscal 2026, we recorded a sale price adjustment that resulted in a $7.9 million

increase to the pre-tax gain.

During the third quarter of fiscal 2025, we acquired NX Pet Holding, Inc., representing Whitebridge Pet Brands' North American

premium cat feeding and pet treating business, for a purchase price of $1.4 billion (Whitebridge Pet Brands acquisition). We financed

the transaction with cash on hand and new debt. We consolidated Whitebridge Pet Brands into our Consolidated Balance Sheets and

recorded goodwill of $1,086.7 million, an indefinite-lived intangible asset for the *Tiki Pets* brand totaling $289.0 million, and a finite-

lived customer relationship asset of $31.0 million. The goodwill is included in the North America Pet segment and is not deductible

for tax purposes. The pro forma effects of this acquisition were not material. We have conducted a preliminary assessment of the fair

value of the acquired assets and liabilities of the business and we are continuing our review of these items during the measurement

period. If new information is obtained about facts and circumstances that existed at the acquisition date, the acquisition accounting

will be revised to reflect the resulting adjustments to current estimates of those items. The consolidated results are reported in our

North America Pet operating segment on a one-month lag. In the second quarter of fiscal 2026, we recorded adjustments to certain

purchase accounting liabilities upon finalization of income tax returns that resulted in a $32.5 million decrease to goodwill.

<u>(3)</u> <u>Restructuring, Transformation, Impairment, and Other Exit Costs</u>

Restructuring, transformation, and impairment charges were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Other intangible asset impairment | **$52.9** | $— | **$52.9** | $— |
| Supply chain actions | **50.3** |  | **50.3** |  |
| Charges associated with restructuring and transformation actions <br>&nbsp;&nbsp;&nbsp;&nbsp;previously announced<br>| **21.9** | 1.3 | **40.2** | 4.2 |
| Total  | **$125.1** | $1.3 | **$143.4** | $4.2 |

---

In the second quarter of fiscal 2026, we recorded a $52.9 million non-cash impairment charge related to our *Uncle Toby's* brand

intangible asset. Please see Note 4 for additional information.

In the second quarter of fiscal 2026, we approved a multi-year organizational initiative to increase the competitiveness of our supply

chain. We expect to incur approximately $82 million of restructuring charges, of which approximately $17 million will be cash. These

charges are expected to consist of approximately $64 million of asset write-offs and $18 million of other costs, including severance.

We recognized $45.4 million of asset write-offs, including $42.5 million ofimpairment, and $4.9 million of severance and other

benefit costs in the second quarter of fiscal 2026.The non-cash asset impairment charges to write down certain long-lived assets to

their fair value were based on recently reported transactions for similar assets in the marketplace. We expect these actions to be

completed by the end of fiscal 2029.

We recorded $21.9 million of restructuring and transformation charges in the second quarter of fiscal 2026 and $40.2 million of

restructuring and transformation charges in the six-month period endedNovember 23, 2025, related to restructuring and

transformation actions previously announced. We recorded $1.3 million of restructuring charges in the second quarter of fiscal 2025

and $4.2 million of restructuring charges in the six-month period endedNovember 24, 2024, related to restructuring actions previously

announced. We expect these actions to be completed by the end of fiscal 2028.

We paid net $46.6 million of cash in the six-month period endedNovember 23, 2025, related to restructuring and transformation

actions. We paid net $5.1 million of cash in the same period of fiscal 2025.

Restructuring, transformation, and impairment charges are recorded in our Consolidated Statements of Earnings as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Restructuring, transformation, impairment, and other exit costs | **$122.1** | $1.2 | **$138.4** | $3.4 |
| Cost of sales | **3.0** | 0.1 | **5.0** | 0.8 |
| Total restructuring, transformation, and impairment charges | **$125.1** | $1.3 | **$143.4** | $4.2 |

---

The roll forward of our restructuring, transformation, and other exit cost reserves, included in other current liabilities, is as follows:

---

| | |
|:---|:---|
| **In Millions** | **Total** |
| Reserve balance as of May 25, 2025 | $77.1 |
| Fiscal 2026 charges, including foreign currency translation | 4.8 |
| Utilized in fiscal 2026 | (19.4) |
| **Reserve balance as of Nov. 23, 2025** | **$62.5** |

---

The restructuring, transformation, and other exit cost reserves balance as of November 23, 2025, is primarily related to severance

costs. The charges recognized in the roll forward of our reserves for restructuring, transformation, and other exit costs do not include

items charged directly to expense (e.g., asset write-offs, asset impairment charges, and the gain or loss on the sale of restructured

assets) and other periodic exit costs recognized as incurred, as those items are not reflected in our restructuring, transformation, and

other exit cost reserves on our Consolidated Balance Sheets.

<u>(4)</u> <u>Goodwill and Other Intangible Assets</u>

The components of goodwill and other intangible assets are as follows:

---

| | | |
|:---|:---|:---|
| **In Millions** | **Nov. 23, 2025** | **May 25, 2025** |
| Goodwill | **$15601.5** | $15622.4 |
| Other intangible assets: |  |  |
| Intangible assets not subject to amortization: |  |  |
| Brands and other indefinite-lived intangibles | **6767.9** | 6816.7 |
| Intangible assets subject to amortization: |  |  |
| Customer relationships and other finite-lived intangibles | **421.2** | 420.9 |
| Less accumulated amortization | **(166.5)** | (156.2) |
| Intangible assets subject to amortization, net | **254.7** | 264.7 |
| Other intangible assets | **7022.6** | 7081.4 |
| Total | **$22624.1** | $22703.8 |

---

Based on the carrying value of finite-lived intangible assets as of November 23, 2025, annual amortization expense for each of the

next five fiscal years is estimated to be approximately $20 million.

The changes in the carrying amount of goodwill during the six-month period endedNovember 23, 2025, were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **In Millions** | **North** <br>**America** <br>**Retail**<br>| **North** <br>**America**<br>**Pet**<br>| **North** <br>**America** <br>**Foodservice**<br>| **International** <br>**(a)**<br>| **Corporate** <br>**and Joint** <br>**Ventures**<br>| **Total** |
| Balance as of May 25, 2025 | $6323.5 | $7149.5 | $755.5 | $951.7 | $442.2 | $15622.4 |
| Purchase accounting adjustment |  | (32.5) |  |  |  | (32.5) |
| Other activity, primarily <br>&nbsp;&nbsp;&nbsp;&nbsp;foreign currency translation<br>| (2.8) |  | (0.1) | 9.0 | 5.5 | 11.6 |
| **Balance as of Nov. 23, 2025** | **$6320.7** | **$7117.0** | **$755.4** | **$960.7** | **$447.7** | **$15601.5** |

---

(a)The carrying amounts of goodwill within the International segment as of May 25, 2025, and November 23, 2025, were net of

accumulated impairment losses of $117.1 million. For additional information, see Note 6 to the Consolidated Financial Statements

included in our Annual Report on Form 10-K for the fiscal year ended May 25, 2025.

The changes in the carrying amount of other intangible assets during the six-month period endedNovember 23, 2025, were as follows:

---

| | |
|:---|:---|
| **In Millions** | **Total** |
| Balance as of May 25, 2025 | $7081.4 |
| Impairment charge | (52.9) |
| Other activity, primarily amortization and foreign currency translation | (5.9) |
| **Balance as of Nov. 23, 2025** | **$7022.6** |

---

Our annual goodwill and indefinite-lived intangible assets impairment test was performed on the first day of the second quarter of

fiscal 2026. As a result of lower future sales and profitability projections for the business supporting our *Uncle Toby's* brand

intangible asset, we determined that the fair value of the brand intangible asset no longer exceeded its carrying value and recorded a

$52.9 million non-cash impairment charge. We recorded theimpairment charge in restructuring, transformation, impairment, and other

exit costs in our Consolidated Statements of Earnings. Our estimate of the fair value was determined based on a discounted cash flow

model using inputs which included our long-range cash flow projections for the business, the royalty rate, the weighted-average cost

of capital rate, and the tax rate. The fair value is a Level 3 asset in the fair value hierarchy.

All other intangible asset fair values were substantially in excess of the carrying values. In addition, while having significant coverage

as of our fiscal 2026 assessment date, the *Progresso*, *Nudges*, *True Chews*, and*Kitano* brand intangible assets had risk of decreasing

coverage. We will continue to monitor these businesses for potential impairment.

<u>(5)</u> <u>Inventories</u>

The components of inventories were as follows:

---

| | | |
|:---|:---|:---|
| **In Millions** | **Nov. 23, 2025** | **May 25, 2025** |
| Finished goods | **$2078.9** | $1883.9 |
| Raw materials and packaging | **458.8** | 460.0 |
| Grain | **105.5** | 112.5 |
| Excess of FIFO over LIFO cost | **(591.7)** | $(545.6) |
| Total | **$2051.5** | $1910.8 |

---

<u>(6)</u> <u>Risk Management Activities</u> 

Many commodities we use in the production and distribution of our products are exposed to market price risks. We utilize derivatives

to manage price risk for our principal ingredients and energy costs, including grains (oats, wheat, and corn), oils (principally soybean),

dairy products, natural gas, and diesel fuel. Our primary objective when entering into these derivative contracts is to achieve certainty

with regard to the future price of commodities purchased for use in our supply chain. We manage our exposures through a

combination of purchase orders, long-term contracts with suppliers, exchange-traded futures and options, and over-the-counter options

and swaps. We offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as

close as possible to or below our planned cost.

We use derivatives to manage our exposure to changes in commodity prices. We do not perform the assessments required to achieve

hedge accounting for commodity derivative positions. Accordingly, the changes in the values of these derivatives are recorded in cost

of sales in our Consolidated Statements of Earnings.

Although we do not meet the criteria for cash flow hedge accounting, we believe that these instruments are effective in achieving our

objective of providing certainty in the future price of commodities purchased for use in our supply chain. Accordingly, for purposes of

measuring segment operating performance, these gains and losses are reported in unallocated corporate items outside of segment

operating results until such time that the exposure we are managing affects earnings. At that time, we reclassify the gain or loss from

unallocated corporate items to segment operating profit, allowing our operating segments to realize the economic effects of the

derivative without experiencing any resulting mark-to-market volatility, which remains in unallocated corporate items.

Unallocated corporate items for the quarters and six-month periods ended November 23, 2025, and November 24, 2024, included:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Net (loss) gain on mark-to-market valuation of certain <br>commodity positions<br>| **$(4.8)** | $3.4 | **$(5.3)** | $(34.3) |
| Net loss (gain) on commodity positions reclassified from <br>unallocated corporate items to segment operating profit<br>| **1.2** | 19.1 | **(0.2)** | 36.3 |
| Net mark-to-market revaluation of certain grain inventories | **7.6** | 6.9 | **1.0** | (1.4) |
| Net mark-to-market valuation of certain commodity <br>positions recognized in unallocated corporate items<br>| **$4.0** | $29.4 | **$(4.5)** | $0.6 |

---

As of November 23, 2025, the net notional value of commodity derivatives was $143.5 million, of which $79.1 million related to

energy inputs and $64.4 million related to agricultural inputs. These contracts relate to inputs that generally will be utilized within the

next 12 months.

We also have net investments in foreign subsidiaries that are denominated in euros. As of November 23, 2025, we hedged a portion of

these investments with €4,243.3 million of euro-denominated bonds.

During the fourth quarter of fiscal 2025, we entered into a €750.0 million notional amount interest rate swap to convert our €750.0

million fixed-rate notes due April 17, 2032, to a floating rate.

During the second quarter of fiscal 2025, in advance of planned debt financing, we entered into $350.0 million of treasury locks. The

treasury locks were terminated during the second quarter of fiscal 2025, in conjunction with the Company's issuance of $750.0 million

of fixed-rate notes due January 30, 2035. Upon termination, a gain of $0.1 million was recognized in AOCI and will be amortized

through interest expense over the respective term of the debt.

During the second quarter of fiscal 2025, we entered into a $750.0 million notional amount interest rate swap to convert our $750.0

million of fixed-rate notes due January 30, 2030, to a floating rate.

During the second quarter of fiscal 2025, our $500.0 million notional amount interest rate swap to convert our $500.0 million of fixed-

rate notes due November 18, 2025 to a floating rate was called by the counterparty prior to the maturity date. The previously existing

swap was designated as a fair value hedge, and concurrent with the swap being called, we ceased recording market value adjustments

to the associated hedged debt.

The fair values of the derivative positions used in our risk management activities and other assets recorded at fair value were not

material as of November 23, 2025, and were Level 1 or Level 2 assets and liabilities in the fair value hierarchy. We did not

significantly change our valuation techniques from prior periods.

We offer certain suppliers access to third-party services that allow them to view our scheduled payments online. The third-party

services also allow suppliers to finance advances on our scheduled payments at the sole discretion of the supplier and the third party.

We have no economic interest in these financing arrangements and no direct relationship with the suppliers, the third parties, or any

financial institutions concerning these services, including not providing any form of guarantee and not pledging assets as security to

the third parties or financial institutions. All of our accounts payable remain as obligations to our suppliers as stated in our supplier

agreements. As of November 23, 2025, $1,460.1 million of our total accounts payable were payable to suppliers who utilize these

third-party services. As of May 25, 2025, $1,427.5 million of our total accounts payable were payable to suppliers who utilize these

third-party services.

<u>(7)</u> <u>Debt</u>

The components of notes payable and their respective weighted-average interest rates were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **May 25, 2025** | **May 25, 2025** |
| **In Millions** | **Notes Payable** | **Weighted-** <br>**Average** <br>**Interest Rate**<br>| **Notes Payable** | **Weighted-** <br>**Average** <br>**Interest Rate**<br>|
| U.S. commercial paper | **$—** | **—%** | $669.4 | 4.5% |
| Financial institutions | **16.8** | **6.0** | 7.6 | 5.8 |
| Total | **$16.8** | **6.0%** | $677.0 | 4.5% |

---

To ensure availability of funds, we maintain bank credit lines and have commercial paper programs available to us in the United States

and Europe.

The following table details the credit facilities and lines of credit we had available as of November 23, 2025:

---

| | | |
|:---|:---|:---|
| **In Millions** | **Borrowing** <br>**Capacity**<br>| **Borrowed** <br>**Amount**<br>|
| Committed credit facility expiring October 2029 | $2700.0 | $— |
| Uncommitted credit facilities and lines of credit | 771.8 | 16.8 |
| Total | $3471.8 | $16.8 |

---

The credit facilities contain covenants, including a requirement to maintain a fixed charge coverage ratio of at least 2.5 times. We were

in compliance with all credit facility covenants as of November 23, 2025.

***Long-Term Debt***

The fair values and carrying amounts of long-term debt, including the current portion, were $13,390.1 millionand $13,718.0 million,

respectively, as of November 23, 2025. The fair value of long-term debt was estimated using market quotations and discounted cash

flows based on our current incremental borrowing rates for similar types of instruments. Long-term debt is a Level 2 liability in the

fair value hierarchy.

In the second quarter of fiscal 2026, we repaid €500.0 million of 0.125 percent fixed-rate notes due November 15, 2025, with cash on

hand.

In the fourth quarter of fiscal 2025, we issued €750.0 million of 3.6 percent fixed-rate notes due April 17, 2032. We used the net

proceeds to repay $800.0 million of 4.0 percent fixed-rate notes due April 17, 2025 and a portion of our outstanding commercial

paper, as well as for general corporate purposes.

In the third quarter of fiscal 2025, we repaid $500.0 million of 5.241 percent fixed-rate notes due November 18, 2025, using proceeds

from the issuance of commercial paper.

In the second quarter of fiscal 2025, we issued $750.0 millionof 4.875 percent fixed-rate notes due January 30, 2030. We used the net

proceeds to fund the Whitebridge Pet Brands acquisition.

In the second quarter of fiscal 2025, we issued $750.0 million of 5.25percent fixed-rate notes due January 30, 2035. We used the net

proceeds to fund the Whitebridge Pet Brands acquisition.

In the second quarter of fiscal 2025, we issued €250.0 million of floating-rate notes due April 22, 2026. We used the net proceeds to

repay €250.0 million of floating-rate notes due November 8, 2024.

In the second quarter of fiscal 2025, we issued €500.0 million of floating-rate notes due October 22, 2026. We used the net proceeds to

repay €500.0 million of floating-rate notes due November 8, 2024.

Certain of our long-term debt agreements contain restrictive covenants. As of November 23, 2025, we were in compliance with all of

these covenants.

<u>(8)</u> <u>Noncontrolling Interest</u>

During the fourth quarter of fiscal 2025, we purchased the outstanding General Mills Cereals, LLC (GMC) Class A limited

membership interests (GMC Class A Interests) from the third-party holder for $252.8 million. The GMC Class A Interests represented

our principal noncontrolling interest. The third-party holder of the GMC Class A Interests received quarterly preferred distributions

from available net income based on the application of a floating preferred return rate to the holder's capital account balance

established in the most recent mark-to-market valuation. On June 1, 2024, the floating preferred return rate was reset to the sum of the

three-month Term SOFRplus261 basis points.

<u>(9)</u> <u>Stockholders' Equity</u> 

The following tables provide details of total comprehensive income:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** | **Nov. 24, 2024** | **Nov. 24, 2024** |
|  | **General Mills** | **General Mills** | **General Mills** | **Noncontrolling** <br>**Interests**<br>| **General Mills** | **General Mills** | **General Mills** | **Noncontrolling** <br>**Interests**<br>|
| **In Millions** | **Pretax** | **Tax** | **Net** | **Net** | **Pretax** | **Tax** | **Net** | **Net** |
| Net earnings, including earnings <br>attributable to noncontrolling interests<br>|  |  | **$413.0** | **$1.3** |  |  | $795.7 | $6.6 |
| Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
| Foreign currency translation | **$34.8** | **$(21.9)** | **12.9** | **(0.5)** | $100.9 | $(70.8) | 30.1 | (1.3) |
| Other fair value changes: |  |  |  |  |  |  |  |  |
| Hedge derivatives | **4.0** | **(0.9)** | **3.1** | **—** | 11.8 | (2.6) | 9.2 |  |
| Reclassification to earnings: |  |  |  |  |  |  |  |  |
| Hedge derivatives (a) | **(4.1)** | **(0.6)** | **(4.7)** | **—** | 1.2 | 0.5 | 1.7 |  |
| Amortization of losses and <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prior service costs (b)<br>| **21.2** | **(4.2)** | **17.0** | **—** | 14.6 | (2.9) | 11.7 |  |
| Other comprehensive income (loss) | **$55.9** | **$(27.6)** | **28.3** | **(0.5)** | $128.5 | $(75.8) | 52.7 | (1.3) |
| Total comprehensive income |  |  | **$441.3** | **$0.8** |  |  | $848.4 | $5.3 |

---

(a)(Gain) loss reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and selling, general, and administrative (SG&A) expenses for

foreign exchange contracts.

(b)Lossreclassified from AOCI into earnings is reported in benefit plan non-service income. In the second quarter of fiscal 2026, a$6.7 million loss related to a curtailment was reclassified

from AOCI into earnings and is reported in Restructuring, transformation, impairment and other exit costs in our Consolidated Statements of Earnings.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** | **Nov. 24, 2024** | **Nov. 24, 2024** |
|  | **General Mills** | **General Mills** | **General Mills** | **Noncontrolling** <br>**Interests**<br>| **General Mills** | **General Mills** | **General Mills** | **Noncontrolling** <br>**Interests**<br>|
| **In Millions** | **Pretax** | **Tax** | **Net** | **Net** | **Pretax** | **Tax** | **Net** | **Net** |
| Net earnings, including earnings <br>attributable to noncontrolling interests<br>|  |  | **$1617.2** | **$1.1** |  |  | $1375.6 | $10.3 |
| Other comprehensive (loss) income: |  |  |  |  |  |  |  |  |
| Foreign currency translation | **$(69.3)** | **$17.0** | **(52.3)** | **—** | $7.0 | $(39.3) | (32.3) | (0.8) |
| Net actuarial loss | **(7.5)** | **—** | **(7.5)** | **—** |  |  |  |  |
| Other fair value changes: |  |  |  |  |  |  |  |  |
| Hedge derivatives | **10.2** | **(2.1)** | **8.1** | **—** | 4.3 | (1.1) | 3.2 |  |
| Reclassification to earnings: |  |  |  |  |  |  |  |  |
| Hedge derivatives (a) | **(3.2)** | **(0.7)** | **(3.9)** | **—** | 0.8 | 0.9 | 1.7 |  |
| Amortization of losses and <br>&nbsp;&nbsp;&nbsp;&nbsp;prior service costs (b)<br>| **35.8** | **(7.4)** | **28.4** | **—** | 29.1 | (5.8) | 23.3 |  |
| Other comprehensive loss | **$(34.0)** | **$6.8** | **(27.2)** | **—** | $41.2 | $(45.3) | (4.1) | (0.8) |
| Total comprehensive income |  |  | **$1590.0** | **$1.1** |  |  | $1371.5 | $9.5 |

---

(a)(Gain) loss reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and selling, general, and administrative (SG&A) expenses for

foreign exchange contracts.

(b)Loss reclassified from AOCI into earnings is reported in benefit plan non-service income. In the second quarter of fiscal 2026, a$6.7 million loss related to a curtailment was reclassified

from AOCI into earnings and is reported in Restructuring, transformation, impairment and other exit costs in our Consolidated Statements of Earnings.

Accumulated other comprehensive loss balances, net of tax effects, were as follows:

---

| | | |
|:---|:---|:---|
| **In Millions** | **Nov. 23, 2025** | **May 25, 2025** |
| Foreign currency translation adjustments | **$(929.0)** | $(876.7) |
| Unrealized loss from hedge derivatives | **(3.2)** | (7.4) |
| Pension, other postretirement, and postemployment benefits: |  |  |
| Net actuarial loss | **(1697.9)** | (1726.8) |
| Prior service credits | **57.9** | 65.9 |
| Accumulated other comprehensive loss | **$(2572.2)** | $(2545.0) |

---

<u>(10)</u> <u>Stock Plans</u>

We have various stock-based compensation programs under which awards, including stock options, restricted stock, restricted stock

units, and performance awards, may be granted to employees and non-employee directors. These programs and related accounting are

described in Note 12 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended

May 25, 2025.

Compensation expense related to stock-based payments recognized in the Consolidated Statements of Earnings was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Compensation expense related to stock-based payments | **$24.2** | $26.3 | **$39.3** | $46.6 |

---

Compensation expense related to stock-based payments recognized in the Consolidated Statements of Earnings includes amounts

recognized in restructuring, transformation, impairment, and other exit costs in fiscal 2026.

(Shortfall) windfall tax benefits from stock-based payments in income tax expense in our Consolidated Statements of Earnings were as

follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| (Shortfall) windfall tax benefits from <br>&nbsp;&nbsp;&nbsp;&nbsp;stock-based payments<br>| **$(0.1)** | $2.0 | **$(1.6)** | $4.8 |

---

As of November 23, 2025, unrecognized compensation expense related to non-vested stock options, restricted stock units, and

performance share units was$158.8 million. This expense will be recognized over 26 months on average.

Net cash proceeds from the exercise of stock options less shares used for withholding taxes and the intrinsic value of options exercised

were as follows:

---

| | | |
|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Net cash proceeds | **$0.3** | $33.8 |
| Intrinsic value of options exercised | **$—** | $10.0 |

---

We estimate the fair value of each option on the grant date using a Black-Scholes option-pricing model, which requires us to make

predictive assumptions regarding future stock price volatility, employee exercise behavior, dividend yield, and the forfeiture rate. We

estimate our future stock price volatility using the historical volatility over the expected term of the option, excluding time periods of

volatility we believe a marketplace participant would exclude in estimating our stock price volatility. We also have considered, but did

not use, implied volatility in our estimate, because trading activity in options on our stock, especially those with tenors of greater than

6 months, is insufficient to provide a reliable measure of expected volatility. Our method of selecting the other valuation assumptions

is explained in Note 12 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year

ended May 25, 2025.

The estimated fair values of stock options granted and the assumptions used for the Black-Scholes option-pricing model were as

follows:

---

| | | |
|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Estimated fair values of stock options granted  | **$9.45** | $13.26 |
| Assumptions: |  |  |
| Risk-free interest rate | **4.2%** | 4.5% |
| Expected term | **8.0 years** | 8.5 years |
| Expected volatility | **22.3%** | 21.6% |
| Dividend yield | **4.7%** | 3.8% |

---

The total grant date fair value of restricted stock unit awards that vested during the period was as follows:

---

| | | |
|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Total grant date fair value | **$107.1** | $97.0 |

---

<u>(11)</u> <u>Earnings Per Share</u>

Basic and diluted earnings per share (EPS) were calculated using the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions, Except per Share Data** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Net earnings attributable to General Mills | **$413.0** | $795.7 | **$1617.2** | $1375.6 |
| Average number of common shares – basic EPS | **536.4** | 556.9 | **538.8** | 558.7 |
| Incremental share effect from: (a) |  |  |  |  |
| Stock options | **0.1** | 1.9 | **0.2** | 1.7 |
| Restricted stock units and performance share units | **0.8** | 1.6 | **1.0** | 1.8 |
| Average number of common shares – diluted EPS | **537.3** | 560.4 | **540.0** | 562.2 |
| Earnings per share – basic | **$0.78** | $1.43 | **$3.00** | $2.46 |
| Earnings per share – diluted | **$0.78** | $1.42 | **$3.00** | $2.45 |

---

(a)Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock

method. Stock options, restricted stock units, and performance share units excluded from our computation of diluted EPS because

they were not dilutive were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Anti-dilutive stock options, restricted stock units, <br>and performance share units<br>| **12.5** | 3.1 | **11.6** | 3.2 |

---

<u>(12)</u> <u>Share Repurchases</u>

Share repurchases were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Shares of common stock | **1.3** | 4.2 | **10.0** | 8.7 |
| Aggregate purchase price | **$50.5** | $303.0 | **$504.5** | $605.2 |

---

During the first quarter of fiscal 2026, we entered into two accelerated share repurchase (ASR) agreements with an unrelated third-

party financial institution to repurchase an aggregate of $500.0 million of our shares of common stock. Under the ASR agreements, we

paid an aggregate of$500.0 million and received an initial delivery of 7.5 million shares of our common stock in the first quarter of

fiscal 2026. The value of the initial shares delivered under the ASR agreements in the first quarter of fiscal 2026 represented 80

percent of the aggregate purchase price, with a fair value of $400.0 million.

The first ASR agreement was settled in the first quarter of fiscal 2026 with a final delivery of 1.2 million additional shares. The second

ASR agreement was settled in the second quarter of fiscal 2026 with a final delivery of 1.3 million additional shares. We received a

total of 10.0 million shares at an average price of $49.92, not including costs of execution or excise tax, under the ASR agreements.

In the first quarter of fiscal 2026, we recorded the transactions under the ASR agreements on our Consolidated Balance Sheets as an

increase in treasury stock of $450.0 million and a decrease in additional paid-in capital of $50.0 million. Upon completion of the ASR

agreements in the second quarter of fiscal 2026, we reclassified$50.0 million from additional paid-in capital to treasury stock on our

Consolidated Balance Sheets.

<u>(13)</u> <u>Statements of Cash Flows</u>

Our Consolidated Statements of Cash Flows include the following:

---

| | | |
|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Net cash interest payments | **$268.8** | $139.6 |
| Net income tax payments | **$231.7** | $252.1 |

---

<u>(14)</u> <u>Retirement and Postemployment Benefits</u>

Components of net periodic benefit expense (income) are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Defined Benefit**<br>**Pension Plans** | **Defined Benefit**<br>**Pension Plans** | **Other Postretirement** <br>**Benefit Plans** | **Other Postretirement** <br>**Benefit Plans** | **Postemployment** <br>**Benefit Plans** | **Postemployment** <br>**Benefit Plans** |
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| **In Millions** | **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>|
| Service cost | **$10.4** | $12.9 | **$0.6** | $1.1 | **$1.7** | $1.7 |
| Interest cost | **72.8** | 76.7 | **4.2** | 5.3 | **0.9** | 1.0 |
| Expected return on plan assets | **(101.3)** | (105.0) | **(8.4)** | (8.9) | **—** |  |
| Amortization of losses (gains) | **26.2** | 24.9 | **(6.5)** | (5.1) | **—** | 0.2 |
| Amortization of prior service<br>&nbsp;&nbsp;&nbsp;&nbsp;costs (credits)<br>| **0.3** | 0.4 | **(5.3)** | (5.6) | **(0.2)** | (0.2) |
| Other adjustments | **—** |  | **—** |  | **2.1** | 2.5 |
| Curtailment loss (gain) | **6.7** |  | **(0.5)** |  | **—** |  |
| **Net expense (income)** | **$15.1** | $9.9 | **$(15.9)** | $(13.2) | **$4.5** | $5.2 |
|  | **Defined Benefit**<br>**Pension Plans** | **Defined Benefit**<br>**Pension Plans** | **Other Postretirement** <br>**Benefit Plans** | **Other Postretirement** <br>**Benefit Plans** | **Postemployment** <br>**Benefit Plans** | **Postemployment** <br>**Benefit Plans** |
|  | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>|
| Service cost | **$20.9** | $25.9 | **$1.2** | $2.2 | **$3.4** | $3.5 |
| Interest cost | **145.7** | 153.4 | **8.4** | 10.6 | **1.8** | 2.0 |
| Expected return on plan assets | **(202.6)** | (210.0) | **(16.8)** | (17.9) | **—** |  |
| Amortization of losses (gains) | **52.5** | 50.0 | **(13.0)** | (10.3) | **0.1** | 0.3 |
| Amortization of prior service<br>&nbsp;&nbsp;&nbsp;&nbsp;costs (credits)<br>| **0.6** | 0.7 | **(10.6)** | (11.1) | **(0.5)** | (0.5) |
| Other adjustments | **—** |  | **—** |  | **4.1** | 5.1 |
| Curtailment loss (gain) | **6.7** |  | **(0.5)** |  | **—** |  |
| **Net expense (income)** | **$23.8** | $20.0 | **$(31.3)** | $(26.5) | **$8.9** | $10.4 |

---

<u>(15)</u> <u>Income Taxes</u>

On July 4, 2025, legislation known as the One Big Beautiful Bill Act (OBBBA) was signed into law. The OBBBA makes changes to

the United States corporate income tax system, including, among other provisions, the immediate expensing of research and

development expenditures, and 100 percent bonus depreciation on qualified property. The impacts of the OBBBA are reflected in our

results for the six-month period endedNovember 23, 2025, and there was no material impact to our income tax expense. As of the six-

month period endedNovember 23, 2025, we expect certain provisions of the OBBBA will change the timing of cash tax payments in

the current fiscal year and future periods.

In December 2021, the Organization for Economic Cooperation and Development (OECD) established a framework, referred to as

Pillar 2, designed to ensure large multinational enterprises pay a minimum 15 percent level of tax on the income arising in each

jurisdiction in which they operate. Numerous countries have already enacted the OECD model rules effective for taxable years

beginning after December 31, 2023, which for us was fiscal 2025. There was no material impact on our consolidated financial

statements. Several other countries have enacted or drafted legislation that is not yet effective for us, and we do not expect this

legislation to have a material impact on our consolidated financial statements. We will continue to monitor for new legislation and

guidance and evaluate potential impact on our consolidated financial statements.

During the second quarter of fiscal 2024, we received a notice of proposed adjustment from the Internal Revenue Service associated

with a capital loss from fiscal 2019. We believe that we have meritorious defenses against this assessment and will vigorously defend

our position. We do not expect the resolution of the proposed adjustment to have a material impact on our financial position or

liquidity.

<u>(16)</u> <u>Business Segment and Geographic Information</u>

We operate in the packaged foods industry. Our operating segments are as follows: North America Retail, International, North

America Pet, and North America Foodservice.

Our North America Retail operating segment reflects business with a wide variety of grocery stores, mass merchandisers, membership

stores, natural food chains, drug, dollar and discount chains, convenience stores, and e-commerce grocery providers. Our product

categories in this business segment include ready-to-eat cereals, soup, meal kits, refrigerated and frozen dough products, dessert and

baking mixes, frozen pizza and pizza snacks, snack bars, fruit snacks, savory snacks, and a wide variety of organic products including

ready-to-eat cereal, frozen and shelf-stable vegetables, meal kits, fruit snacks, and snack bars.

Our International operating segment consists of retail and foodservice businesses outside of the United States and Canada. Our product

categories include super-premium ice cream and frozen desserts, meal kits, salty snacks, snack bars, dessert and baking mixes, shelf-

stable vegetables, and pet food products. We also sell super-premium ice cream and frozen desserts directly to consumers through

owned retail shops. Our International segment also includes products manufactured in the United States for export, mainly to

Caribbean and Latin American markets, as well as products we manufacture for sale to our international joint ventures. Revenues from

export activities are reported in the region or country where the end customer is located.

Our North America Pet operating segment includes pet food products sold primarily in the United States and Canada in national pet

superstore chains, e-commerce retailers, grocery stores, regional pet store chains, mass merchandisers, and veterinary clinics and

hospitals. Our product categories include dog and cat food (dry foods, wet foods, fresh foods, and treats) made with whole meats,

fruits, vegetables, and other high-quality natural ingredients. Our tailored pet product offerings address specific dietary, lifestyle, and

life-stage needs and span different product types, diet types, breed sizes for dogs, life-stages, flavors, product functions, and textures

and cuts for wet and fresh foods.

Our North America Foodservice segment consists of foodservice businesses in the United States and Canada. Our major product

categories in our North America Foodservice operating segment are ready-to-eat cereals, snacks, frozen meals, unbaked and fully

baked frozen dough products, baking mixes, and bakery flour. Many products we sell are branded to the consumer and nearly all are

branded to our customers. We sell to distributors and operators in many customer channels including foodservice, vending, and

supermarket bakeries.

Our chief operating decision maker (CODM) is the Chairman of the Board and Chief Executive Officer. The CODM predominantly

uses segment operating profit in the annual planning process which includes segment operating profit performance targets. The

CODM assesses progress against performance targets by comparing segment operating profit actual-to-plan variances on a monthly

basis. The performance assessment completed by the CODM is used to determine whether resource allocations require adjustment and

contributes to the determination of incentive compensation.

Operating profit for these segments excludes unallocated corporate items, gain or loss on divestitures, and restructuring,

transformation, impairment, and other exit costs. Results from certain businesses managed by our Strategic Growth Office are

included within corporate and other net sales and unallocated corporate items within operating profit. Unallocated corporate items also

include corporate overhead expenses, variances to planned North American employee benefits and incentives, certain charitable

contributions, restructuring initiative project-related costs, gains and losses on corporate investments, and other items that are not part

of our measurement of segment operating performance. These include gains and losses arising from the revaluation of certain grain

inventories and gains and losses from mark-to-market valuation of certain commodity positions until passed back to our operating

segments. These items affecting operating profit are centrally managed at the corporate level and are excluded from the measure of

segment profitability reviewed by executive management. Under our supply chain organization, our manufacturing, warehouse, and

distribution activities are substantially integrated across our operations in order to maximize efficiency and productivity. As a result,

fixed assets and depreciation and amortization expenses are neither maintained nor available by operating segment.

Our operating segment results were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended November 23, 2025** | **Quarter Ended November 23, 2025** | **Quarter Ended November 23, 2025** | **Quarter Ended November 23, 2025** | **Quarter Ended November 23, 2025** |
|  | **North** <br>**America** <br>**Retail**<br>| **International** | **North** <br>**America Pet**<br>| **North** <br>**America** <br>**Foodservice**<br>| **Total** |
| Segment net sales | **$2883.3** | **$728.9** | **$660.4** | **$581.8** | **$4854.4** |
| Corporate and other net sales |  |  |  |  | **6.4** |
| Total net sales |  |  |  |  | **$4860.8** |
| Cost of sales | **1794.7** | **541.3** | **394.2** | **433.5** |  |
| Selling, general, and <br>&nbsp;&nbsp;&nbsp;&nbsp;administrative expenses<br>| **406.3** | **159.2** | **143.1** | **43.5** |  |
| Segment operating profit | **$682.3** | **$28.4** | **$123.1** | **$104.8** | **$938.6** |
| Unallocated corporate items |  |  |  |  | **88.5** |
| Restructuring, transformation, <br>&nbsp;&nbsp;&nbsp;&nbsp;impairment, and other exit costs<br>|  |  |  |  | **122.1** |
| Operating profit |  |  |  |  | **$728.0** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended November 24, 2024** | **Quarter Ended November 24, 2024** | **Quarter Ended November 24, 2024** | **Quarter Ended November 24, 2024** | **Quarter Ended November 24, 2024** |
|  | **North** <br>**America** <br>**Retail**<br>| **International** | **North** <br>**America Pet**<br>| **North** <br>**America** <br>**Foodservice**<br>| **Total** |
| Segment net sales | $3321.5 | $690.6 | $595.8 | $630.0 | $5237.9 |
| Corporate and other net sales |  |  |  |  | 2.2 |
| Total net sales |  |  |  |  | $5240.1 |
| Cost of sales | 2023.9 | 520.5 | 341.6 | 466.6 |  |
| Selling, general, and <br>&nbsp;&nbsp;&nbsp;&nbsp;administrative expenses<br>| 435.3 | 146.3 | 114.9 | 44.9 |  |
| Segment operating profit | $862.3 | $23.8 | $139.3 | $118.5 | $1143.9 |
| Unallocated corporate items |  |  |  |  | 64.8 |
| Restructuring, transformation, <br>&nbsp;&nbsp;&nbsp;&nbsp;impairment, and other exit costs<br>|  |  |  |  | 1.2 |
| Operating profit |  |  |  |  | $1077.9 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Six-Month Period Ended November 23, 2025** | **Six-Month Period Ended November 23, 2025** | **Six-Month Period Ended November 23, 2025** | **Six-Month Period Ended November 23, 2025** | **Six-Month Period Ended November 23, 2025** |
|  | **North** <br>**America** <br>**Retail**<br>| **International** | **North** <br>**America Pet**<br>| **North** <br>**America** <br>**Foodservice**<br>| **Total** |
| Segment net sales | **$5508.8** | **$1489.1** | **$1270.4** | **$1098.5** | **$9366.8** |
| Corporate and other net sales |  |  |  |  | **11.5** |
| Total net sales |  |  |  |  | **$9378.3** |
| Cost of sales | **3459.2** | **1080.1** | **762.8** | **835.8** |  |
| Selling, general, and <br>&nbsp;&nbsp;&nbsp;&nbsp;administrative expenses<br>| **803.1** | **314.9** | **271.6** | **87.3** |  |
| Segment operating profit | **$1246.5** | **$94.1** | **$236.0** | **$175.4** | **$1752.0** |
| Unallocated corporate items |  |  |  |  | **214.2** |
| Divestitures gain |  |  |  |  | **(1054.4)** |
| Restructuring, transformation, <br>&nbsp;&nbsp;&nbsp;&nbsp;impairment, and other exit costs<br>|  |  |  |  | **138.4** |
| Operating profit |  |  |  |  | **$2453.8** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Six-Month Period Ended November 24, 2024** | **Six-Month Period Ended November 24, 2024** | **Six-Month Period Ended November 24, 2024** | **Six-Month Period Ended November 24, 2024** | **Six-Month Period Ended November 24, 2024** |
|  | **North** <br>**America** <br>**Retail**<br>| **International** | **North** <br>**America Pet**<br>| **North** <br>**America** <br>**Foodservice**<br>| **Total** |
| Segment net sales | $6338.1 | $1407.6 | $1171.9 | $1166.2 | $10083.8 |
| Corporate and other net sales |  |  |  |  | 4.4 |
| Total net sales |  |  |  |  | $10088.2 |
| Cost of sales | 3860.3 | 1068.8 | 679.7 | 887.7 |  |
| Selling, general, and <br>&nbsp;&nbsp;&nbsp;&nbsp;administrative expenses<br>| 869.8 | 294.1 | 233.5 | 88.5 |  |
| Segment operating profit | $1608.0 | $44.7 | $258.7 | $190.0 | $2101.4 |
| Unallocated corporate items |  |  |  |  | 188.6 |
| Restructuring, transformation, <br>&nbsp;&nbsp;&nbsp;&nbsp;impairment, and other exit costs<br>|  |  |  |  | 3.4 |
| Operating profit |  |  |  |  | $1909.4 |

---

Net sales for our North America Retail operating units were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| U.S. Meals & Baking Solutions | **$1312.8** | $1327.9 | **$2234.2** | $2274.2 |
| Big G Cereal & Canada (a) | **779.5** | 1150.5 | **1646.4** | 2310.3 |
| U.S. Snacks | **791.0** | 843.1 | **1628.2** | 1753.6 |
| Total | **$2883.3** | $3321.5 | **$5508.8** | $6338.1 |

---

(a) Upon completion of the United States yogurt business divestiture, the former U.S. Morning Foods and Canada operating units were

combined into a new Big G Cereal & Canada operating unit. Prior period amounts have been recast to conform to the current

period presentation. This did not result in a change to the composition of our reportable segments or information reviewed by our

CODM.

Net sales by class of similar products were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 24, 2024** |
| Snacks | **$1017.9** | $1055.0 | **$2067.6** | $2161.8 |
| Cereal | **791.2** | 829.5 | **1558.4** | 1622.6 |
| Convenient meals | **827.0** | 795.1 | **1477.8** | 1474.0 |
| Pet | **698.7** | 623.8 | **1341.7** | 1228.4 |
| Dough | **720.9** | 722.6 | **1236.0** | 1240.4 |
| Baking mixes and ingredients | **556.0** | 577.2 | **1004.0** | 1034.3 |
| Super-premium ice cream | **175.8** | 163.6 | **397.2** | 376.5 |
| Yogurt | **—** | 377.8 | **102.0** | 749.7 |
| Other | **73.3** | 95.5 | **193.6** | 200.5 |
| Total | **$4860.8** | $5240.1 | **$9378.3** | $10088.2 |

---

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

<u>INTRODUCTION</u>

This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in

conjunction with the MD&A included in our Annual Report on Form 10-K for the fiscal year ended May 25, 2025, for important

background regarding, among other things, our key business drivers. Significant trademarks and service marks used in our business

are set forth in *italics* herein. Certain terms used throughout this report are defined in the "Glossary" section below.

Our key priorities in fiscal 2026 are to return North America Retail to volume growth, accelerate North America Pet growth with an

expanded portfolio, and drive efficiencies to reinvest in growth. We expect category growth to be below our long-term projections,

reflecting less benefit from net price realization and mix amid a continued challenging consumer backdrop. To strengthen our

categories and market share performance, we plan to increase investment in consumer value, product news, innovation, and brand

building, guided by our remarkable experience framework. This included a significant strategic investment to launch Blue Buffalo into

the fast-growing United States fresh pet food sub-category in calendar 2025. We expect the combination of these growth investments,

input cost inflation, and normalization of corporate incentive will outpace expected Holistic Margin Management cost savings of 5

percent of cost of goods sold, savings from our global transformation initiative, and benefits from a 53rd week in fiscal 2026. In

addition, we expect the net impact of the divestitures of our North American yogurt businesses and the Whitebridge Pet Brands

acquisition will reduce adjusted operating profit growth by approximately 5 points in fiscal 2026.

<u>CONSOLIDATED RESULTS OF OPERATIONS</u>

<u>Second</u> <u>Quarter Results</u>

In the second quarter of fiscal 2026, net sales decreased 7 percent, including the net impact of the divestitures of our North American

yogurt businesses (Divestitures) and the acquisition of Whitebridge Pet Brands (Acquisition). Organic net sales decreased 1 percent

compared to the same period last year. Operating profit decreased 32 percent to $728 million, including the net impact of the

Divestitures and Acquisition, primarily driven by a decrease in contributions from volume growth, higher input costs, and higher

restructuring, transformation, and impairment charges, partially offset by favorable net price realization and mix. Operating profit

margin of 15.0 percent decreased 560 basis points. Adjusted operating profit of $848 million decreased 20 percent on a constant-

currency basis, including the net impact of the Divestitures and Acquisition, primarily driven by a decrease in contributions from

volume growth and higher input costs, partially offset by favorable net price realization and mix. Adjusted operating profit margin

decreased 290 basis points to 17.4 percent. Diluted earnings per share of $0.78 decreased 45 percent in the second quarter of fiscal

2026. Adjusted diluted earnings per share of $1.10 decreased 21 percent on a constant-currency basis compared to the second quarter

of fiscal 2025. See the "Non-GAAP Measures" section below for a description of our use of measures not defined by GAAP.

A summary of our consolidated financial results for the second quarter of fiscal 2026 follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Quarter Ended Nov. 23, 2025** | **In millions,** <br>**except per share**<br>| **Quarter Ended** <br>**Nov. 23, 2025 vs.** <br>**Nov. 24, 2024**<br>| **Percent**<br>**of Net**<br>**Sales**<br>| **Constant-**<br>**Currency** <br>**Growth (a)**<br>|
| Net sales  | $4860.8 | (7)% |  |  |
| Operating profit | 728.0 | (32)% | 15.0% |  |
| Net earnings attributable to General Mills | 413.0 | (48)% |  |  |
| Diluted earnings per share | $0.78 | (45)% |  |  |
| Organic net sales growth rate (a) |  | (1)% |  |  |
| Adjusted operating profit (a) | 847.7 | (20)% | 17.4% | (20)% |
| Adjusted diluted earnings per share (a) | $1.10 | (21)% |  | (21)% |

---

(a)See the "Non-GAAP Measures" section below for our use of measures not defined by GAAP.

Consolidated **net sales** were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025 vs.** <br>**Nov. 24, 2024**<br>| **Nov. 24, 2024** |
| Net sales (in millions) | $4860.8 | (7)% | $5240.1 |
| Contributions from volume growth (a) |  | (9) pts |  |
| Net price realization and mix |  | 1 pt |  |
| Foreign currency exchange |  | Flat |  |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

Net sales in the second quarter of fiscal 2026 decreased 7 percent compared to the same period in fiscal 2025, driven by a decrease in

contributions from volume growth, partially offset by favorable net price realization and mix, both of which include the net impact of

the Divestitures and Acquisition.

Components of organic net sales growth are shown in the following table:

---

| | |
|:---|:---|
| **Quarter Ended Nov. 23, 2025 vs.** |  |
| **Quarter Ended Nov. 24, 2024** |  |
| Contributions from organic volume growth (a) | Flat |
| Organic net price realization and mix | (2) pts |
| Organic net sales growth | (1) pt |
| Foreign currency exchange | Flat |
| Acquisition and divestitures | (6) pts |
| Net sales growth | (7) pts |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

Organic net sales decreased 1 percent in the second quarter of fiscal 2026 compared to the same period in fiscal 2025, driven by

unfavorable organic net price realization and mix.

**Cost of sales** decreased $141 million to $3,168 million in the second quarter of fiscal 2026, compared to the same period in fiscal

2025. The decrease was primarily driven by a $288 million decrease attributable to lower volume, partially offset by a $119 million

increase attributable to product rate and mix, both of which include the net impact of the Divestitures and Acquisition. We recorded a

$4 million net decrease in cost of sales related to the mark-to-market valuation of certain commodity positions and grain inventories in

the second quarter of fiscal 2026, compared to a $29 million net decrease in the second quarter of fiscal 2025. We recorded $3 million

of restructuring charges in cost of sales in the second quarter of fiscal 2026.

**Selling, general, and administrative (SG&A) expenses** decreased $10 million to $842 million in the second quarter of fiscal 2026,

compared to the same period in fiscal 2025, primarily driven by net favorable corporate investment activity. SG&A expenses as a

percent of net sales in the second quarter of fiscal 2026 increased 100 basis points compared to the second quarter of fiscal 2025.

**Restructuring, transformation, impairment, and other exit costs** totaled $122 million in the second quarter of fiscal 2026,

compared to $1 million in the same period last year. In the second quarter of fiscal 2026, we recorded a $53 million non-cash

impairment charge related to our *Uncle Toby's* brand intangible asset. We also approved a multi-year organizational initiative to

increase the competitiveness of our supply chain, and as a result, we recorded $47 million of charges in the second quarter of fiscal

2026. In addition, we recorded $22 million of restructuring and transformation charges in the second quarter of fiscal 2026 related to

actions previously announced (please refer to Note 3 to the Consolidated Financial Statements in Part I, Item 1 of this report).

**Benefit plan non-service income** totaled $16 million in the second quarter of fiscal 2026, compared to $14 million in the same period

last year, primarily driven by lower interest costs partially offset by lower expected return on plan assets.

**Interest, net** for the second quarter of fiscal 2026 totaled $126 million, up $1 million from the second quarter of fiscal 2025, primarily

driven by higher average long-term debt levels.

The **effective tax rate** for the second quarter of fiscal 2026 was 23.3 percent compared to 20.1 percentfor the second quarter of fiscal

2025. The 3.2 percentage point increase was primarily due to unfavorable earnings mix by jurisdiction in fiscal 2026 and certain

nonrecurring discrete tax benefits in fiscal 2025. Our effective tax rate excluding certain items affecting comparability was 23.3

percent in the second quarter of fiscal 2026, compared to 20.1 percent in the same period last year (see the "Non-GAAP Measures"

section below for a description of our use of measures not defined by GAAP). The 3.2 percentage point increase was primarily due to

unfavorable earnings mix by jurisdiction in fiscal 2026 and certain nonrecurring discrete tax benefits in fiscal 2025.

The impacts of the OBBBA are reflected in our results for the quarter ended November 23, 2025, and there was no material impact to

our income tax expense. We expect certain provisions of the OBBBA will change the timing of cash tax payments in the current fiscal

year and future periods. Please refer to Note 15 to the Consolidated Financial Statements in Part I, Item 1 of the report for additional

information.

**After-tax (loss) earnings from joint ventures** for the second quarter of fiscal 2026was a $60 million after-tax loss compared to

after-tax earnings from joint ventures of $30 million in the same period in fiscal 2025, primarily driven by our $85 million pre-tax

share of a non-cash goodwill impairment charge at Cereal Partners Worldwide (CPW) in fiscal 2026, as a result of downward

revisions of future sales and profitability estimates in the Australian market. On a constant-currency basis, after-tax loss from joint

ventures decreased 302 percent (see the "Non-GAAP Measures" section below for a description of our use of measures not defined by

GAAP).

The components of our joint ventures' net sales growth are shown in the following table:

---

| | | | |
|:---|:---|:---|:---|
| **Quarter Ended Nov. 23, 2025 vs.** |  |  |  |
| **Quarter Ended Nov. 24, 2024** | **CPW** | **HDJ (a)** | **Total** |
| Contributions from volume growth (b) | (4) pts | (3) pts |  |
| Net price realization and mix | 3 pts | 3 pts |  |
| Net sales growth in constant currency | (1) pt  | Flat | (1) pt |
| Foreign currency exchange | 3 pts | (2) pts | 2 pts |
| Net sales growth | 2 pts | (1) pt | 1 pt |

---

(a)Häagen-Dazs Japan, Inc. (HDJ).

(b)See the "Non-GAAP Measures" section below for our use of measures not defined by GAAP.

**Average diluted shares outstanding** decreased by 23 million in the second quarter of fiscal 2026 from the same period a year ago

primarily due to share repurchases.

<u>Six-Month</u> <u>Results</u>

In the six-month period endedNovember 23, 2025, net sales decreased 7 percent, including the net impact of the Divestitures and

Acquisition. Organic net sales decreased 2 percent compared to the same period last year. Operating profit increased 29 percent to

$2,454 million, primarily driven by a divestiture gain related to the sale of our United States yogurt business and favorable net price

realization and mix, partially offset by a decrease in contributions from volume growth, higher input costs, and higher restructuring,

transformation, and impairment charges. Operating profit margin of 26.2 percent increased 730 basis points compared to the same

period last year. Adjusted operating profit of $1,559 million decreased 19 percent on a constant-currency basis, including the net

impact of the Divestitures and Acquisition, primarily driven by a decrease in contributions from volume growth and higher input costs,

partially offset by favorable net price realization and mix. Adjusted operating profit margin decreased 250 basis points to 16.6 percent.

Diluted earnings per share of $3.00 increased 22 percent in the six-month period ended ended November 23, 2025, and adjusted

diluted earnings per share of $1.96 decreased 21 percent on a constant-currency basis compared to the same period last year (see the

"Non-GAAP Measures" section below for a description of our use of measures not defined by GAAP).

A summary of our consolidated financial results for the six-month period endedNovember 23, 2025, follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Six-Month Period Ended Nov. 23, 2025** | **In millions,** <br>**except per share**<br>| **Six-Month** <br>**Period Ended** <br>**Nov. 23, 2025 vs.** <br>**Nov. 24, 2024**<br>| **Percent of Net**<br>**Sales**<br>| **Constant-**<br>**Currency** <br>**Growth (a)**<br>|
| Net sales | $9378.3 | (7)% |  |  |
| Operating profit | 2453.8 | 29% | 26.2% |  |
| Net earnings attributable to General Mills | 1617.2 | 18% |  |  |
| Diluted earnings per share | $3.00 | 22% |  |  |
| Organic net sales growth rate (a) |  | (2)% |  |  |
| Adjusted operating profit (a) | 1558.9 | (19)% | 16.6% | (19)% |
| Adjusted diluted earnings per share (a) | $1.96 | (21)% |  | (21)% |

---

(a)See the "Non-GAAP Measures" section below for our use of measures not defined by GAAP.

Consolidated **net sales** were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025 vs.** <br>**Nov. 24, 2024**<br>| **Nov. 24, 2024** |
| Net sales (in millions) | $9378.3 | (7)% | $10088.2 |
| Contributions from volume growth (a) |  | (8) pts |  |
| Net price realization and mix |  | 1 pt  |  |
| Foreign currency exchange |  | Flat |  |

---

Note: Table may not foot due to rounding.

(a)See the "Non-GAAP Measures" section below for our use of measures not defined by GAAP.

The 7 percent decrease in net sales for the six-month period endedNovember 23, 2025, was driven by a decrease in contributions from

volume growth, partially offset by favorable net price realization and mix, both of which include the net impact of the Divestitures and

Acquisition.

Components of organic net sales growth are shown in the following table:

---

| | |
|:---|:---|
| **Six-Month Period Ended Nov. 23, 2025 vs.** |  |
| **Six-Month Period Ended Nov. 24, 2024** |  |
| Contributions from organic volume growth (a) | Flat |
| Organic net price realization and mix | (2) pts |
| Organic net sales growth | (2) pts |
| Foreign currency exchange | Flat |
| Acquisition and divestitures | (5) pts |
| Net sales growth | (7) pts |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

Organic net sales decreased 2 percent in the six-month period endedNovember 23, 2025, driven by unfavorable organic net price

realization and mix.

**Cost of sales** decreased $315 million to $6,153 million in the six-month period endedNovember 23, 2025, compared to the same

period in fiscal 2025. The decrease was primarily driven by a $540 million decrease attributable to lower volume, partially offset by a

$215 million increase attributable to product rate and mix, both of which include the net impact of the Divestitures and Acquisition.

We recorded a $5 million net increase in cost of sales related to the mark-to-market valuation of certain commodity positions and

grain inventories in the six-month period endedNovember 23, 2025, compared to a $1 million net decrease in the six-month period

endedNovember 24, 2024. In addition, we recorded $5 million of restructuring charges in the six-month period endedNovember 23,

2025, compared to $1 million of restructuring charges in cost of sales in the same period last year (please refer to Note 3 to the

Consolidated Financial Statements in Part I, Item 1 of this report).

**SG&A expenses** decreased $20 million to $1,688 million in the six-month period endedNovember 23, 2025, compared to the same

period in fiscal 2025, primarily driven by net favorable corporate investment activity and lower other administrative costs, including

the net impact of the Divestitures and Acquisition. SG&A expenses as a percent of net sales increased 110 basis points in the six-

month period endedNovember 23, 2025, compared to the same period of fiscal 2025.

**Divestitures gain** totaled $1,054 million in the six-month period endedNovember 23, 2025, primarily related to the sale of our United

States yogurt business (please refer to Note 2 to the Consolidated Financial Statements in Part I, Item 1 of this report).

**Restructuring, transformation, impairment, and other exit costs** totaled $138 million in the six-month period endedNovember 23,

2025, compared to $3 million in the same period last year. In fiscal 2026, we recorded a $53 million non-cash impairment charge

related to our *Uncle Toby's* brand intangible asset. We also approved a multi-year organizational initiative to increase the

competitiveness of our supply chain, and as a result, we recorded $47 million of charges in fiscal 2026. In addition, we recorded $38

million of restructuring and transformation charges in the six-month period endedNovember 23, 2025, related to actions previously

announced (please refer to Note 3 to the Consolidated Financial Statements in Part I, Item 1 of this report).

**Benefit plan non-service income** totaled $31 million in the six-month period endedNovember 23, 2025, compared to $28 million in

the same period last year, primarily driven by lower interest costs partially offset by lower expected return on plan assets.

**Interest, net** for the six-month period endedNovember 23, 2025, increased $11 million to $259 million compared to the same period

of fiscal 2025, primarily driven by higher average long-term debt levels.

The **effective tax rate** for the six-month period endedNovember 23, 2025, was 24.9 percent compared to 20.9 percent in the same

period last year. The 4.0 percentage point increase was primarily due to certain unfavorable tax components related to the sale of our

United States yogurt business, unfavorable earnings mix by jurisdiction in fiscal 2026, and certain nonrecurring discrete tax benefits in

fiscal 2025. Our effective tax rate excluding certain items affecting comparability was 23.7 percent in the six-month period ended

November 23, 2025, compared to 20.9 percent in the same period last year (see the "Non-GAAP Measures" section below for a

description of our use of measures not defined by GAAP). The 2.8 percentage point increase is primarily due to unfavorable earnings

mix by jurisdiction in fiscal 2026 and certain nonrecurring discrete tax benefits in fiscal 2025.

The impacts of the OBBBA are reflected in our results for the six-month period endedNovember 23, 2025, and there was no material

impact to our income tax expense. We expect certain provisions of the OBBBA will change the timing of cash tax payments in the

current fiscal year and future periods. Please refer to Note 15 to the Consolidated Financial Statements in Part I, Item 1 of the report

for additional information.

**After-tax (loss) earnings from joint ventures** for the six-month period endedNovember 23, 2025, was a $53 million after-tax loss

compared to after-tax earnings from joint ventures of $49 million in the same period in fiscal 2025, primarily driven by our $85

million pre-tax share of a non-cash goodwill impairment charge at CPW in fiscal 2026, as a result of downward revisions of future

sales and profitability estimates in the Australian market. On a constant-currency basis, after-tax loss from joint ventures decreased

209 percent (see the "Non-GAAP Measures" section below for a description of our use of measures not defined by GAAP).

---

| | | | |
|:---|:---|:---|:---|
| **Six-Month Period Ended Nov. 23, 2025 vs.** |  |  |  |
| **Six-Month Period Ended Nov. 24, 2024** | **CPW** | **HDJ** | **Total** |
| Contributions from volume growth (a) | (4) pts | Flat |  |
| Net price realization and mix | 3 pts | 4 pts |  |
| Net sales growth in constant currency | (2) pts | 3 pts | (1) pt |
| Foreign currency exchange | 3 pts | 2 pts | 3 pts |
| Net sales growth | 1 pt | 5 pts | 2 pts |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

**Average diluted shares outstanding** decreased by 22 million in the six-month period endedNovember 23, 2025, from the same

period a year ago primarily due to share repurchases.

<u>SEGMENT OPERATING RESULTS</u>

Our businesses are organized into four operating segments: North America Retail, International, North America Pet, and North

America Foodservice. Please refer to Note 16 of the Consolidated Financial Statements in Part I, Item 1 of this report for a description

of our operating segments.

<u>North America Retail Segment Results</u>

North America Retail net sales were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>|
| Net sales (in millions) | $2883.3 | (13)% | $3321.5 | $5508.8 | (13)% | $6338.1 |
| Contributions from volume growth (a) |  | (16) pts |  |  | (16) pts |  |
| Net price realization and mix |  | 3 pts |  |  | 3 pts |  |
| Foreign currency exchange |  | Flat |  |  | Flat |  |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

North America Retail net sales decreased 13 percent in the second quarter of fiscal 2026, compared to the same period in fiscal 2025,

driven by a decrease in contributions from volume growth, partially offset by favorable net price realization and mix, both of which

include the impact from the Divestitures.

North America Retail net sales decreased 13 percent in the six-month period endedNovember 23, 2025, compared to the same period

in fiscal 2025, driven by a decrease in contributions from volume growth, partially offset by favorable net price realization and mix,

both of which include the impact from the Divestitures.

The components of North America Retail organic net sales growth are shown in the following table:

---

| | | |
|:---|:---|:---|
|  | **Quarter Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** |
| Contributions from organic volume growth (a) | 1 pt  | Flat |
| Organic net price realization and mix | (4) pts | (4) pts |
| Organic net sales growth | (3) pts | (4) pts |
| Foreign currency exchange | Flat | Flat |
| Divestitures (b) | (10) pts | (9) pts |
| Net sales growth | (13) pts | (13) pts |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

(b)Divestiture of the United States yogurt business in the first quarter of fiscal 2026 and the Canada yogurt business in the third quarter of fiscal

2025. Please refer to Note 2 to the Consolidated Financial Statements in Part I, Item 1 of this report.

North America Retail organic net sales decreased 3 percent in the second quarter of fiscal 2026, compared to the same period in fiscal

2025, driven by unfavorable organic net price realization and mix, partially offset by an increase in contributions from organic volume

growth.

North America Retail organic net sales decreased 4 percent in the six-month period endedNovember 23, 2025, compared to the same

period in fiscal 2025, driven by unfavorable organic net price realization and mix.

North America Retail net sales percentage change by operating unit are shown in the following table:

---

| | | |
|:---|:---|:---|
|  | **Quarter Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** |
| Big G Cereal & Canada (a) | (32)% | (29)% |
| U.S. Snacks | (6)% | (7)% |
| U.S. Meals & Baking Solutions | (1)% | (2)% |
| Total | (13)% | (13)% |

---

(a)Upon completion of the United States yogurt business divestiture, the former U.S. Morning Foods and Canada operating units were combined

into a new Big G Cereal & Canada operating unit. Please refer to Note 16 to the Consolidated Financial Statements in Part I, Item 1 of this

report.

Segment operating profit decreased 21 percent to $682 million in the second quarter of fiscal 2026, including the impact of the

Divestitures, compared to $862 million in the same period in fiscal 2025, primarily driven by a decrease in contributions from volume

growth. Segment operating profit decreased 21 percent on a constant-currency basis in the second quarter of fiscal 2026, compared to

the same period in fiscal 2025 (see the "Non-GAAP Measures" section below for our use of this measure not defined by GAAP).

Segment operating profit decreased 22 percent to $1,246 million in the six-month period endedNovember 23, 2025, including the

impact of the Divestitures, compared to $1,608 million in the same period in fiscal 2025, primarily driven by a decrease in

contributions from volume growth and higher input costs, partially offset by favorable net price realization and mix and lower SG&A

expenses. Segment operating profit decreased 22 percent on a constant-currency basis in the six-month period endedNovember 23,

2025, compared to the same period in fiscal 2025 (see the "Non-GAAP Measures" section below for our use of this measure not

defined by GAAP).

<u>International Segment Results</u>

International net sales were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>|
| Net sales (in millions) | $728.9 | 6% | $690.6 | $1489.1 | 6% | $1407.6 |
| Contributions from volume growth (a) |  | 4 pts |  |  | 1 pt |  |
| Net price realization and mix |  | Flat |  |  | 3 pts |  |
| Foreign currency exchange |  | 2 pts |  |  | 2 pts |  |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

International net sales increased 6 percent in the second quarter of fiscal 2026, compared to the same period in fiscal 2025, driven by

an increase in contributions from volume growth and favorable foreign currency exchange impacts.

International net sales increased 6 percent in the six-month period endedNovember 23, 2025, compared to the same period in fiscal

2025, driven by favorable net price realization and mix, favorable foreign currency exchange impacts, and an increase in contributions

from volume growth.

The components of International organic net sales growth are shown in the following table:

---

| | | |
|:---|:---|:---|
|  | **Quarter Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** |
| Contributions from organic volume growth (a) | 4 pts | 1 pt |
| Organic net price realization and mix | Flat | 3 pts |
| Organic net sales growth | 4 pts | 4 pts |
| Foreign currency exchange | 2 pts | 2 pts |
| Net sales growth | 6 pts | 6 pts |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

International organic net sales increased 4 percent in the second quarter of fiscal 2026, compared to the same period in fiscal 2025,

driven by an increase in contributions from organic volume growth.

International organic net sales increased 4 percent in the six-month period endedNovember 23, 2025, compared to the same period in

fiscal 2025, driven by favorable organic net price realization and mix and an increase in contributions from organic volume growth.

Segment operating profit increased 19 percent to $28 million in the second quarter of fiscal 2026, compared to $24 million in the same

period in fiscal 2025, primarily driven by favorable net price realization and mix and an increase in contributions from volume growth,

partially offset by higher SG&A expenses. Segment operating profit increased 30 percent on a constant-currency basis in the second

quarter of fiscal 2026, compared to the same period in fiscal 2025 (see the "Non-GAAP Measures" section below for our use of this

measure not defined by GAAP).

Segment operating profit increased 111 percent to $94 million in the six-month period endedNovember 23, 2025, compared to $45

million in the same period in fiscal 2025, primarily driven by favorable net price realization and mix, partially offset by higher SG&A

expenses. Segment operating profit increased 107 percent on a constant-currency basis in the six-month period endedNovember 23,

2025, compared to the same period in fiscal 2025 (see the "Non-GAAP Measures" section below for our use of this measure not

defined by GAAP).

<u>North America Pet Segment Results</u>

North America Pet net sales were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>|
| Net sales (in millions) | $660.4 | 11% | $595.8 | $1270.4 | 8% | $1171.9 |
| Contributions from volume growth (a) |  | 3 pts |  |  | 2 pts |  |
| Net price realization and mix |  | 7 pts |  |  | 6 pts |  |
| Foreign currency exchange |  | Flat |  |  | Flat |  |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

North America Pet net sales increased 11 percent in the second quarter of fiscal 2026, compared to the same period in fiscal 2025,

driven by favorable net price realization and mix and an increase in contributions from volume growth, both of which include the

impact of the Acquisition.

North America Pet net sales increased 8 percent in the six-month period endedNovember 23, 2025, compared to the same period in

fiscal 2025, driven by favorable net price realization and mix and an increase in contributions from volume growth, both of which

include the impact of the Acquisition.

The components of North America Pet organic net sales growth are shown in the following table:

---

| | | |
|:---|:---|:---|
|  | **Quarter Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** |
| Contributions from organic volume growth (a) | (2) pts | (3) pts |
| Organic net price realization and mix | 2 pts | 1 pt |
| Organic net sales growth | 1 pt | (2) pts |
| Foreign currency exchange | Flat | Flat |
| Acquisition (b) | 10 pts | 10 pts |
| Net sales growth | 11 pts | 8 pts |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

(b)Acquisition of Whitebridge Pet Brands business in fiscal 2025. Please refer to Note 2 to the Consolidated Financial Statements in Part I, Item 1

of this report.

North America Pet organic net sales increased 1 percent in the second quarter of fiscal 2026, compared to the same period in fiscal

2025, driven by favorable organic net price realization and mix, partially offset by a decrease in contributions from organic volume

growth.

North America Pet organic net sales decreased 2 percent in the six-month period endedNovember 23, 2025, compared to the same

period in fiscal 2025, driven by a decrease in contributions from organic volume growth, partially offset by favorable organic net price

realization and mix.

Segment operating profit decreased 12 percent to $123 million in the second quarter of fiscal 2026, including the impact of the

Acquisition, compared to $139 million in the same period in fiscal 2025, primarily driven by higher input costs and higher SG&A

expenses, partially offset by favorable net price realization and mix and an increase in contributions from volume growth. Segment

operating profit decreased 12 percent on a constant-currency basis in the second quarter of fiscal 2026, compared to the same period in

fiscal 2025 (see the "Non-GAAP Measures" section below for our use of this measure not defined by GAAP).

Segment operating profit decreased 9 percent to $236 million in the six-month period endedNovember 23, 2025, including the impact

of the Acquisition, compared to $259 million in the same period in fiscal 2025, primarily driven by higher input costs and higher

SG&A expenses, partially offset by favorable net price realization and mix and an increase in contributions from volume growth.

Segment operating profit decreased 9 percent on a constant-currency basis in the six-month period endedNovember 23, 2025,

compared to the same period in fiscal 2025 (see the "Non-GAAP Measures" section below for our use of this measure not defined by

GAAP).

<u>North America Foodservice Segment Results</u>

North America Foodservice net sales were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>| **Nov. 23,** <br>**2025**<br>| **Nov. 23, 2025** <br>**vs. Nov. 24,** <br>**2024**<br>| **Nov. 24,** <br>**2024**<br>|
| Net sales (in millions) | $581.8 | (8)% | $630.0 | $1098.5 | (6)% | $1166.2 |
| Contributions from volume growth (a) |  | (6) pts |  |  | (4) pts |  |
| Net price realization and mix |  | (1) pt  |  |  | (1) pt  |  |
| Foreign currency exchange |  | Flat |  |  | Flat |  |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

North America Foodservice net sales decreased 8 percent in the second quarter of fiscal 2026, compared to the same period in fiscal

2025, driven by a decrease in contributions from volume growth and unfavorable net price realization and mix, both of which include

the impact from the Divestitures.

North America Foodservice net sales decreased 6 percent in the six-month period endedNovember 23, 2025, compared to the same

period in fiscal 2025, driven by a decrease in contributions from volume growth and unfavorable net price realization and mix, both of

which include the impact from the Divestitures.

The components of North America Foodservice organic net sales growth are shown in the following table:

---

| | | |
|:---|:---|:---|
|  | **Quarter Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** |
| Contributions from organic volume growth (a) | (2) pts | (1) pt |
| Organic net price realization and mix | 1 pt  | 1 pt |
| Organic net sales growth | Flat | Flat |
| Foreign currency exchange | Flat | Flat |
| Divestitures (b) | (7) pts | (6) pts |
| Net sales growth | (8) pts | (6) pts |

---

Note: Table may not foot due to rounding.

(a)Measured in tons based on the stated weight of our product shipments.

(b)Divestiture of United States yogurt business in the first quarter of fiscal 2026 and the Canada yogurt business in the third quarter of fiscal 2025.

Please refer to Note 2 to the Consolidated Financial Statements in Part I, Item 1 of this report.

North America Foodservice organic net sales in the second quarter of fiscal 2026 and in the six-month period endedNovember 23,

2025, essentially matched the same periods in fiscal 2025.

Segment operating profit decreased 12 percent to $105 million in the second quarter of fiscal 2026, including the impact from the

Divestitures, compared to$118 million in the same period in fiscal 2025, primarily driven by higher input costs and a decrease in

contributions from volume growth, partially offset by favorable net price realization and mix. Segment operating profit decreased 12

percent on a constant-currency basis in the second quarter of fiscal 2026, compared to the same period in fiscal 2025 (see the "Non-

GAAP Measures" section below for our use of this measure not defined by GAAP).

Segment operating profit decreased 8 percent to $175 million in the six-month period endedNovember 23, 2025, including the impact

from the Divestitures, compared to $190 million in the same period in fiscal 2025, primarily driven by higher input costs and a

decrease in contributions from volume growth, partially offset by favorable net price realization and mix. Segment operating profit

decreased 8 percent on a constant-currency basis in the six-month period endedNovember 23, 2025, compared to the same period in

fiscal 2025 (see the "Non-GAAP Measures" section below for our use of this measure not defined by GAAP).

<u>UNALLOCATED</u> <u>CORPORATE ITEMS</u>

Unallocated corporate expense totaled $88 million in the second quarter of fiscal 2026, compared to $65 million in the same period in

fiscal 2025. In the second quarter of fiscal 2026, we recorded a $4 million net decrease in expense related to the mark-to-market

valuation of certain commodity positions and grain inventories, compared to a $29 million net decrease in expense in the same period

last year. Certain compensation and benefit related expenses increased in fiscal 2026 compared to fiscal 2025. In addition, we recorded

$3 million of restructuring charges in cost of sales in the second quarter of fiscal 2026. In the second quarter of fiscal 2026, we

recorded $3 million of integration costs primarily related to the Acquisition, compared to $2 million of integration costs during the

same period last year related to the acquisition of a pet food business in Europe. We recorded $7 million of net gains related to

valuation adjustments on certain corporate investments in the second quarter of fiscal 2026, compared to $3 million of net losses in the

second quarter of fiscal 2025. In addition, we recorded $2 million of transaction costs related to the sale of our United States yogurt

business in the second quarter of fiscal 2026, compared to $9 million of transaction costs related to the Acquisition and the

Divestitures in the same period last year.

Unallocated corporate expense totaled $214 million in the six-month period endedNovember 23, 2025, compared to $189 million in

the same period in fiscal 2025. In the six-month period endedNovember 23, 2025, we recorded a $4 million net increase in expense

related to the mark-to-market valuation of certain commodity positions and grain inventories, compared to a $1 million net decrease in

expense in the same period last year. In addition, we recorded $14 million of transaction costs related to the sale of our United States

yogurt business in the six-month period endedNovember 23, 2025, compared to $9 million of transaction costs related to the

Acquisition and the Divestitures in the same period last year. We recorded $5 million of restructuring charges in cost of sales in the

six-month period endedNovember 23, 2025, compared to $1 million of restructuring charges in cost of sales in the same period in

fiscal 2025. Certain compensation and benefit related expenses increased in the six-month period endedNovember 23, 2025,

compared to the same period of fiscal 2025. We recorded $7 million of net gains related to valuation adjustments on certain corporate

investments in the six-month period endedNovember 23, 2025, compared to $4 million of net losses related to valuation adjustments

of certain corporate investments in the same period in fiscal 2025.

<u>LIQUIDITY AND CAPITAL RESOURCES</u>

During the six-month period endedNovember 23, 2025, cash provided by operations was $1,216 million compared to $1,775 million

in the same period last year. The $559 milliondecrease was primarily driven by an $822 million decrease in net earnings excluding the

pretax gain on the Divestitures, which includes the related net impact of the Divestitures and Acquisition. This was partially offset by

a $102 million change in after-tax loss (earnings) from joint ventures, including a non-cash impairment charge to goodwill at CPW in

fiscal 2026 and a $98 million change in restructuring, transformation, impairment, and other exit costs (recoveries), including the non-

cash impairment charge to our *Uncle Toby's* brand intangible asset in fiscal 2026.

Cash provided by investing activities during the six-month period endedNovember 23, 2025, was $1,539 million compared to cash

used by investing activities of $306 million for the same period in fiscal 2025. In the first quarter of fiscal 2026, we completed the sale

of our United States yogurt business for $1,798 million cash. We also received an additional $6 million of cash related to a sale price

adjustment related to the sale of our Canada yogurt business. In addition, we spent $253 million on purchases of land, buildings, and

equipment in the six-month period endedNovember 23, 2025, compared to $301 million in the same period last year.

Cash used by financing activities during the six-month period endedNovember 23, 2025, was $2,434 million compared to cash

provided by financing activities of $422 million in the same period in fiscal 2025. We had $1,240 million of net debt payments in the

six-month period endedNovember 23, 2025, compared to $1,754 million of net debt issuances in the same period a year ago. In

addition, we paid $500 million for purchases of common stock for treasury in the six-month period endedNovember 23, 2025,

compared to $600 million in the same period in fiscal 2025. We paid $659 million of dividends in the six-month period ended

November 23, 2025, compared to $676 million in the same period last year.

As of November 23, 2025, we had$613 million of cash and cash equivalents in foreign jurisdictions. In anticipation of repatriating

funds from foreign jurisdictions, we record local country withholding taxes on our international earnings, as applicable. We may

repatriate our cash and cash equivalents held by our foreign subsidiaries without such funds being subject to further U.S. income tax

liability. Earnings prior to fiscal 2018 from our foreign subsidiaries remain permanently reinvested in those jurisdictions.

The following table details the credit facilities and lines of credit we had available as of November 23, 2025:

---

| | | |
|:---|:---|:---|
| **In Millions** | **Borrowing** <br>**Capacity**<br>| **Borrowed** <br>**Amount**<br>|
| Committed credit facility expiring October 2029 | $2700.0 | $— |
| Uncommitted credit facilities and lines of credit | 771.8 | 16.8 |
| Total | $3471.8 | $16.8 |

---

To ensure availability of funds, we maintain bank credit lines and have commercial paper programs available to us in the United States

and Europe.

Certain of our long-term debt agreements and our credit facilities contain restrictive covenants. As of November 23, 2025, we were in

compliance with all of these covenants.

We have $1,558 million of long-term debt maturing in the next 12 months that is classified as current, including €600 million of 0.45

percent fixed-rate notes due January 15, 2026, €250 million of floating-rate notes due April 22, 2026, and €500 million of floating-rate

notes redeemable April 22, 2026. We believe that cash flows from operations, together with available short- and long-term debt

financing, will be adequate to meet our liquidity and capital needs for at least the next 12 months.

<u>CRITICAL ACCOUNTING ESTIMATES</u>

Our significant accounting policies are described in Note 2 to the Consolidated Financial Statements included in our Annual Report on

Form 10-K for the fiscal year ended May 25, 2025. The accounting policies used in preparing our interim fiscal 2026 Consolidated

Financial Statements are the same as those described in our Form 10-K. Please refer to Note 1 to the Consolidated Financial

Statements in Part I, Item 1 of this report for additional information.

Our critical accounting estimates are those that have meaningful impact on the reporting of our financial condition and results of

operations. These estimates include our accounting for revenue recognition, valuation of long-lived assets, intangible assets, income

taxes, and defined benefit pension, other postretirement benefit, and postemployment benefit plans. The assumptions and

methodologies used in the determination of those estimates as of November 23, 2025, are the same as those described in our Annual

Report on Form 10-K for the fiscal year ended May 25, 2025.

Our annual goodwill and indefinite-lived intangible assets impairment test was performed on the first day of the second quarter of

fiscal 2026. As a result of lower future sales and profitability projections for the business supporting our *Uncle Toby's* brand

intangible asset, we determined that the fair value of the brand intangible asset was less than its book value and recorded a $53 million

non-cash impairment charge. We recorded the impairment charge in restructuring, transformation, impairment, and other exit costs in

our Consolidated Statements of Earnings. Our estimate of the fair value was determined based on a discounted cash flow model using

inputs which included our long-range cash flow projections for the business, the royalty rate, the weighted-average cost of capital rate,

and the tax rate. The fair value is a Level 3 asset in the fair value hierarchy.

All other intangible asset fair values were substantially in excess of the carrying values. In addition, while having significant coverage

as of our fiscal 2026 assessment date, the *Progresso*, *Nudges*, *True Chews*, and *Kitano* brand intangible assets had risk of decreasing

coverage. We will continue to monitor these businesses for potential impairment.

<u>RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS</u>

In September 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-06,

amending the accounting for costs related to internal-use software. The ASU removes reference to software development project

stages. Additionally, the ASU requires capitalization of software costs to begin when management has authorized and committed to

funding the software and it is probable that the project will be completed and the software will be used to perform the function

intended. The requirements of the new standard are effective for annual periods beginning after December 15, 2027, and interim

periods within those annual periods, which for us is the first quarter of fiscal 2029. Early adoption is permitted and the amendments

may be applied on a prospective, retrospective, or modified basis. We are in the process of analyzing the impact on our results of

operations and financial position.

In November 2024, the FASB issued ASU 2024-03 requiring additional income statement disclosures. The ASU requires the

disaggregation of specific categories of expenses underlying the line items presented on the income statement. Additionally, the ASU

requires enhanced disclosure of selling expenses. The requirements of the ASU are effective for annual periods beginning after

December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. For us, annual reporting requirements

will be effective for fiscal 2028 and interim reporting requirements will be effective beginning with our first quarter of fiscal 2029.

Early adoption is permitted and the amendments should be applied on a prospective basis. Retrospective application is permitted. We

are in the process of analyzing the impact of the ASU on our related disclosures.

In December 2023, the FASB issued ASU 2023-09 requiring enhanced income tax disclosures. The ASU requires disclosure of

specific categories and disaggregation of information in the rate reconciliation table. The ASU also requires disclosure of

disaggregated information related to income taxes paid, income or loss from continuing operations before income tax expense or

benefit, and income tax expense or benefit from continuing operations. The requirements of the ASU are effective for annual periods

beginning after December 15, 2024, which for us is fiscal 2026. Early adoption is permitted and the amendments should be applied on

a prospective basis. Retrospective application is permitted. We are in the process of analyzing the impact of the ASU on our related

disclosures.

<u>NON-GAAP MEASURES</u>

We have included in this report measures of financial performance that are not defined by GAAP. We believe that these measures

provide useful information to investors, and include these measures in other communications to investors.

For each of these non-GAAP financial measures, we are providing below a reconciliation of the differences between the non-GAAP

measure and the most directly comparable GAAP measure, an explanation of why we believe the non-GAAP measure provides useful

information to investors, and any additional material purposes for which our management or Board of Directors uses the non-GAAP

measure. These non-GAAP measures should be viewed in addition to, and not in lieu of, the comparable GAAP measure.

***Significant Items Impacting Comparability***

Several measures below are presented on an adjusted basis. The adjustments are either items resulting from infrequently occurring

events or items that, in management's judgment, significantly affect the year-to-year assessment of operating results.

The following are descriptions of significant items impacting comparability of our results.

<u>Divestitures gain</u>

Divestitures gain recorded in fiscal 2026 related to the sale of our United States yogurt business in fiscal 2026 and Canada yogurt

business in fiscal 2025. Please refer to Note 2 to the Consolidated Financial Statements in Part I, Item 1 of this report.

<u>CPW asset impairments and transaction costs</u>

CPW non-cash goodwill impairment charge related to the Australian market, and other asset impairment charges and transaction costs

related to certain assets held for sale recorded in fiscal 2026.

<u>Restructuring and transformation charges</u>

Restructuring and transformation charges related to supply chain actions and previously announced actions recorded in fiscal 2026.

Restructuring charges related to previously announced restructuring actions recorded in fiscal 2025. Please refer to Note 3 to the

Consolidated Financial Statements in Part I, Item 1 of this report.

<u>Other intangible assets impairment</u>

Non-cash impairment charge related to our *Uncle Toby's* brand intangible asset in fiscal 2026. Please refer to Note 4 to the

Consolidated Financial Statements in Part I, Item 1 of this report.

<u>Transaction costs</u>

Fiscal 2026 transaction costs related to the sale of our United States yogurt business. Fiscal 2025 transaction costs related to the

Whitebridge Pet Brands acquisition and the sale of our North American yogurt businesses. Please refer to Note 2 to the Consolidated

Financial Statements in Part I, Item 1 of this report.

<u>Investment activity, net</u>

Valuation adjustments of certain corporate investments in fiscal 2026 and fiscal 2025.

<u>Mark-to-market effects</u>

Net mark-to-market valuation of certain commodity positions recognized in unallocated corporate items. Please refer to Note 6 to the

Consolidated Financial Statements in Part I, Item 1 of this report.

<u>Acquisition integration costs</u>

Integration costs related to the Whitebridge Pet Brands acquisition in fiscal 2025 and the acquisition of a pet food business in Europe

in fiscal 2024 recorded in fiscal 2026 and fiscal 2025. Please refer to Note 2 to the Consolidated Financial Statements in Part I, Item 1

of this report.

<u>Project-related costs</u>

Restructuring initiative project-related costs related to previously announced restructuring actions recorded in fiscal 2025.

***Organic Net Sales Growth Rates***

We provide organic net sales growth rates for our consolidated net sales and segment net sales. This measure is used in reporting to

our Board of Directors and executive management and as a component of the measurement of our performance for incentive

compensation purposes. We believe that organic net sales growth rates provide useful information to investors because they provide

transparency to underlying performance in our net sales by excluding the effect that foreign currency exchange rate fluctuations,

acquisitions, divestitures, and a 53<sup>rd</sup> week, when applicable, have on year-to-year comparability. A reconciliation of these measures to

reported net sales growth rates, the relevant GAAP measures, are included in our Consolidated Results of Operations and Results of

Segment Operations discussions in the MD&A above.

***Adjusted Operating Profit as a Percent of Net Sales (Adjusted Operating Profit Margin)***

We believe this measure provides useful information to investors because it is important for assessing our operating profit margin on a

comparable basis.

Our adjusted operating profit margins are calculated as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** |
| **In Millions** | **Value** | **Percent of** <br>**Net Sales**<br>| **Value** | **Percent of** <br>**Net Sales**<br>|
| Operating profit as reported | **$728.0** | **15.0%** | $1077.9 | 20.6% |
| Restructuring and transformation charges | **72.2** | **1.5%** | 1.3 | —% |
| Other intangible assets impairment | **52.9** | **1.1%** |  | —% |
| Transaction costs | **2.5** | **0.1%** | 8.9 | 0.2% |
| Investment activity, net | **(6.9)** | **(0.1)%** | 2.8 | 0.1% |
| Mark-to-market effects | **(4.0)** | **(0.1)%** | (29.4) | (0.6)% |
| Acquisition integration costs | **3.1** | **0.1%** | 2.3 | —% |
| Project-related costs | **—** | **—%** | 0.1 | —% |
| Adjusted operating profit | **$847.7** | **17.4%** | $1064.0 | 20.3% |
|  | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** |
| **In Millions** | **Value** | **Percent of** <br>**Net Sales**<br>| **Value** | **Percent of** <br>**Net Sales**<br>|
| Operating profit as reported | **$2453.8** | **26.2%** | $1909.4 | 18.9% |
| Divestitures gain | **(1054.4)** | **(11.2)%** |  | —% |
| Restructuring and transformation charges | **90.5** | **1.0%** | 4.2 | —% |
| Other intangible assets impairment | **52.9** | **0.6%** |  | —% |
| Transaction costs | **14.3** | **0.2%** | 8.9 | 0.1% |
| Investment activity, net | **(7.1)** | **(0.1)%** | 3.2 | —% |
| Mark-to-market effects | **4.5** | **—%** | (0.6) | —% |
| Acquisition integration costs | **4.5** | **—%** | 3.9 | —% |
| Project-related costs | **—** | **—%** | 0.2 | —% |
| Adjusted operating profit | **$1558.9** | **16.6%** | $1929.3 | 19.1% |

---

Note: Tables may not foot due to rounding.

For more information on the reconciling items, see the Significant Items Impacting Comparability section above.

***Adjusted Operating Profit and Related Constant-currency Growth Rate***

This measure is used in reporting to our Board of Directors and executive management and as a component of the measurement of our

performance for incentive compensation purposes. We believe that this measure provides useful information to investors because it is

the operating profit measure we use to evaluate operating profit performance on a comparable year-to-year basis. Additionally, the

measure is evaluated on a constant-currency basis by excluding the effect that foreign currency exchange rate fluctuations have on

year-to-year comparability given the volatility in foreign currency exchange markets.

Our adjusted operating profit growth on a constant-currency basis is calculated as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **In Millions** | **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Change** | **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Change** |
| Operating profit as reported | **$728.0** | $1077.9 | (32)% | **$2453.8** | $1909.4 | 29% |
| Divestitures gain | **—** |  |  | **(1054.4)** |  |  |
| Restructuring and <br>&nbsp;&nbsp;&nbsp;&nbsp;transformation charges<br>| **72.2** | 1.3 |  | **90.5** | 4.2 |  |
| Other intangible assets impairment | **52.9** |  |  | **52.9** |  |  |
| Transaction costs | **2.5** | 8.9 |  | **14.3** | 8.9 |  |
| Investment activity, net | **(6.9)** | 2.8 |  | **(7.1)** | 3.2 |  |
| Mark-to-market effects | **(4.0)** | (29.4) |  | **4.5** | (0.6) |  |
| Acquisition integration costs | **3.1** | 2.3 |  | **4.5** | 3.9 |  |
| Project-related costs | **—** | 0.1 |  | **—** | 0.2 |  |
| Adjusted operating profit | **$847.7** | $1064.0 | (20)% | **$1558.9** | $1929.3 | (19)% |
| Foreign currency exchange impact |  |  | Flat |  |  | Flat |
| Adjusted operating profit growth, on a <br>constant-currency basis<br>|  |  | (20)% |  |  | (19)% |

---

Note: Table may not foot due to rounding.

For more information on the reconciling items, see the Significant Items Impacting Comparability section above.

***Adjusted Diluted EPS and Related Constant-currency Growth Rate***

This measure is used in reporting to our Board of Directors and executive management. We believe that this measure provides useful

information to investors because it is the profitability measure we use to evaluate earnings performance on a comparable year-to-year

basis.

The reconciliation of our GAAP measure, diluted EPS, to adjusted diluted EPS and the related constant-currency growth rates follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
| **Per Share Data** | **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Change** | **Nov. 23,** <br>**2025**<br>| **Nov. 24,** <br>**2024**<br>| **Change** |
| Diluted earnings per share, as reported | **$0.78** | $1.42 | (45)% | **$3.00** | $2.45 | 22% |
| Divestitures gain | **—** |  |  | **(1.43)** |  |  |
| CPW asset impairments and<br>&nbsp;&nbsp;&nbsp;&nbsp;transaction costs<br>| **0.16** |  |  | **0.18** |  |  |
| Restructuring and <br>&nbsp;&nbsp;&nbsp;&nbsp;transformation charges<br>| **0.10** | 0.01 |  | **0.13** | 0.01 |  |
| Other intangible assets impairment | **0.07** |  |  | **0.07** |  |  |
| Transaction costs | **—** | 0.01 |  | **0.02** | 0.01 |  |
| Investment activity, net | **(0.01)** |  |  | **(0.01)** |  |  |
| Mark-to-market effects | **—** | (0.04) |  | **0.01** |  |  |
| Acquisition integration costs | **—** | 0.01 |  | **—** | 0.01 |  |
| Adjusted diluted earnings per share | **$1.10** | $1.40 | (21)% | **$1.96** | $2.47 | (21)% |
| Foreign currency exchange impact |  |  | Flat |  |  | Flat |
| Adjusted diluted earnings per share <br>growth, on a constant-currency basis<br>|  |  | (21)% |  |  | (21)% |

---

Note: Table may not foot due to rounding.

For more information on the reconciling items, see the Significant Items Impacting Comparability section above.

See our reconciliation below of the effective income tax rate as reported to the adjusted effective income tax rate for the tax impact of

each item affecting comparability.

***Constant-currency After-tax (Loss) Earnings from Joint Ventures Growth Rates***

We believe that this measure provides useful information to investors because it provides transparency to underlying performance of

our joint ventures by excluding the effect that foreign currency exchange rate fluctuations have on year-to-year comparability given

volatility in foreign currency exchange markets.

After-tax (loss) earnings from joint ventures growth rates on a constant-currency basis are calculated as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage Change in**<br>**After-Tax (Loss) Earnings from** <br>**Joint Ventures as Reported**<br>| **Impact of Foreign**<br>**Currency**<br>**Exchange**<br>| **Percentage Change in After-Tax** <br>**(Loss) Earnings from Joint Ventures** <br>**on Constant-Currency Basis**<br>|
| Quarter Ended Nov. 23, 2025 | (299)% | 3 pts | (302)% |
| Six-Month Period Ended Nov. 23, 2025 | (207)% | 2 pts | (209)% |

---

Note: Table may not foot due to rounding.

***Constant-currency Segment Operating Profit Growth Rates***

We believe that this measure provides useful information to investors because it provides transparency to underlying performance of

our segments by excluding the effect that foreign currency exchange rate fluctuations have on year-to-year comparability given

volatility in foreign currency exchange markets.

Our segments' operating profit growth rates on a constant-currency basis are calculated as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Quarter Ended Nov. 23, 2025** | **Quarter Ended Nov. 23, 2025** | **Quarter Ended Nov. 23, 2025** |
|  | **Percentage Change in**<br>**Operating Profit**<br>**as Reported**<br>| **Impact of Foreign**<br>**Currency**<br>**Exchange**<br>| **Percentage Change in**<br>**Operating Profit on** <br>**Constant-Currency Basis**<br>|
| North America Retail | (21)% | Flat | (21)% |
| International | 19% | (10) pts | 30% |
| North America Pet | (12)% | Flat | (12)% |
| North America Foodservice | (12)% | Flat | (12)% |
|  | **Six-Month Period Ended Nov. 23, 2025** | **Six-Month Period Ended Nov. 23, 2025** | **Six-Month Period Ended Nov. 23, 2025** |
|  | **Percentage Change in**<br>**Operating Profit**<br>**as Reported**<br>| **Impact of Foreign**<br>**Currency**<br>**Exchange**<br>| **Percentage Change in**<br>**Operating Profit on**<br>**Constant-Currency Basis**<br>|
| North America Retail | (22)% | Flat | (22)% |
| International | 111% | 3 pts | 107% |
| North America Pet | (9)% | Flat | (9)% |
| North America Foodservice | (8)% | Flat | (8)% |

---

Note: Tables may not foot due to rounding.

***Adjusted Effective Income Tax Rates***

We believe this measure provides useful information to investors because it presents the adjusted effective income tax rate on a

comparable year-to-year basis.

Adjusted effective income tax rates are calculated as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** | **Six-Month Period Ended** |
|  | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** | **Nov. 23, 2025** | **Nov. 23, 2025** | **Nov. 24, 2024** | **Nov. 24, 2024** |
| **In Millions**<br>**(Except Per Share Data)**<br>| **Pretax**<br>**Earnings** <br>**(a)**<br>| **Income**<br>**Taxes**<br>| **Pretax**<br>**Earnings** <br>**(a)**<br>| **Income**<br>**Taxes**<br>| **Pretax**<br>**Earnings** <br>**(a)**<br>| **Income**<br>**Taxes**<br>| **Pretax**<br>**Earnings** <br>**(a)**<br>| **Income**<br>**Taxes**<br>|
| As reported | **$617.8** | **$143.9** | $967.1 | $194.8 | **$2225.9** | **$554.8** | $1688.9 | $352.2 |
| Divestitures gain | **—** | **—** |  |  | **(1054.4)** | **(276.9)** |  |  |
| Restructuring and <br>&nbsp;&nbsp;&nbsp;&nbsp;transformation charges<br>| **72.2** | **16.6** | 1.3 | 0.3 | **90.5** | **20.9** | 4.2 | 1.0 |
| Other intangible assets impairment | **52.9** | **12.9** |  |  | **52.9** | **12.9** |  |  |
| Transaction costs | **2.5** | **0.6** | 8.9 | 2.0 | **14.3** | **3.3** | 8.9 | 2.0 |
| Investment activity, net | **(6.9)** | **(1.5)** | 2.8 | 0.6 | **(7.1)** | **(1.6)** | 3.2 | 0.7 |
| Mark-to-market effects | **(4.0)** | **(1.0)** | (29.4) | (6.7) | **4.5** | **1.0** | (0.6) | (0.1) |
| Acquisition integration costs | **3.1** | **0.7** | 2.3 | 0.5 | **4.5** | **1.0** | 3.9 | 0.9 |
| Project-related costs | **—** | **—** | 0.1 | 0.1 | **—** | **—** | 0.2 | 0.1 |
| As adjusted | **$737.5** | **$172.2** | $953.2 | $191.6 | **$1331.0** | **$315.4** | $1708.8 | $356.9 |
| Effective tax rate: |  |  |  |  |  |  |  |  |
| As reported |  | **23.3%** |  | 20.1% |  | **24.9%** |  | 20.9% |
| As adjusted |  | **23.3%** |  | 20.1% |  | **23.7%** |  | 20.9% |
| Sum of adjustments to income taxes |  | **$28.3** |  | $(3.2) |  | **$(239.4)** |  | $4.6 |
| Average number of common <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares - diluted EPS<br>|  | **537.3** |  | 560.4 |  | **540.0** |  | 562.2 |
| Impact of income tax adjustments <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on adjusted diluted EPS<br>|  | **$(0.05)** |  | $0.01 |  | **$0.44** |  | $(0.01) |

---

Note: Table may not foot due to rounding.

(a) Earnings before income taxes and after-tax earnings from joint ventures.

For more information on the reconciling items, please see the Significant Items Impacting Comparability section above.

**Glossary**

**AOCI**. Accumulated other comprehensive income (loss).

**Adjusted diluted EPS**. Diluted EPS adjusted for certain items affecting year-to-year comparability.

**Adjusted operating profit**. Operating profit adjusted for certain items affecting year-to-year comparability.

**Adjusted operating profit margin**. Operating profit adjusted for certain items affecting year-over-year comparability, divided by net

sales.

**Constant currency**. Financial results translated to United States dollars using constant foreign currency exchange rates based on the

rates in effect for the comparable prior-year period. To present this information, current period results for entities reporting in

currencies other than United States dollars are translated into United States dollars at the average exchange rates in effect during the

corresponding period of the prior fiscal year, rather than the actual average exchange rates in effect during the current fiscal year.

Therefore, the foreign currency impact is equal to current year results in local currencies multiplied by the change in the average

foreign currency exchange rate between the current fiscal period and the corresponding period of the prior fiscal year.

**Derivatives**. Financial instruments such as futures, swaps, options, and forward contracts that we use to manage our risk arising from

changes in commodity prices, interest rates, foreign exchange rates, and stock prices.

**Fair value hierarchy**. For purposes of fair value measurement, we categorize assets and liabilities into one of three levels based on

the assumptions (inputs) used in valuing the asset or liability. Level 1 provides the most reliable measure of fair value, while Level 3

generally requires significant management judgment. The three levels are defined as follows:

Level 1:Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in

active markets or quoted prices for identical assets or liabilities in inactive markets.

Level 3:Unobservable inputs reflecting management's assumptions about the inputs used in pricing the asset or liability.

**Free cash flow**. Net cash provided by operating activities less purchases of land, buildings, and equipment.

**Generally Accepted Accounting Principles (GAAP)**. Guidelines, procedures, and practices that we are required to use in recording

and reporting accounting information in our financial statements.

**Goodwill**. The difference between the purchase price of acquired companies plus the fair value of any noncontrolling interests and the

related fair values of net assets acquired.

**Gross margin**. Net sales less cost of sales.

**Hedge accounting**. Accounting for qualifying hedges that allows changes in a hedging instrument's fair value to offset corresponding

changes in the hedged item in the same reporting period. Hedge accounting is permitted for certain hedging instruments and hedged

items only if the hedging relationship is highly effective, and only prospectively from the date a hedging relationship is formally

documented.

**Holistic Margin Management (HMM)**. Company-wide initiative to use productivity savings, mix management, and price realization

to offset input cost inflation, protect margins, and generate funds to reinvest in sales-generating activities.

**Mark-to-market**. The act of determining a value for financial instruments, commodity contracts, and related assets or liabilities based

on the current market price for that item.

**Net mark-to-market valuation of certain commodity positions**. Realized and unrealized gains and losses on derivative contracts

that will be allocated to segment operating profit when the exposure we are hedging affects earnings.

**Net price realization**. The impact of list and promoted price changes, net of trade and other price promotion costs.

**Noncontrolling interests**. Interests of subsidiaries held by third parties.

**Notional amount**. The amount of a position or an agreed upon amount in a derivative contract on which the value of financial

instruments are calculated.

**OCI**. Other Comprehensive Income (Loss).

**Organic net sales growth**. Net sales growth adjusted for foreign currency translation, acquisitions, divestitures and a 53<sup>rd</sup> fiscal week,

when applicable.

**Project-related costs**. Costs incurred related to our restructuring initiatives not included in restructuring charges.

**Reporting unit**. An operating segment or a business one level below an operating segment.

**SOFR**. Secured Overnight Financing Rate.

**Strategic Revenue Management (SRM)**. A company-wide capability focused on generating sustainable benefits from net price

realization and mix by identifying and executing against specific opportunities to apply tools including pricing, sizing, mix

management, and promotion optimization across each of our businesses.

**Supply chain input costs**. Costs incurred to produce and deliver product, including costs for ingredients and conversion, inventory

management, logistics, and warehousing.

**Translation adjustments**. The impact of the conversion of our foreign affiliates' financial statements to United States dollars for the

purpose of consolidating our financial statements.

<u>CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE</u> 

<u>HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</u>

This report contains or incorporates by reference forward-looking statements within the meaning of the Private Securities Litigation

Reform Act of 1995 that are based on our current expectations and assumptions. We also may make written or oral forward-looking

statements, including statements contained in our filings with the Securities and Exchange Commission and in our reports to

stockholders.

The words or phrases "will likely result," "are expected to," "may continue," "is anticipated," "estimate," "plan," "project," or similar

expressions identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such

statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and

those currently anticipated or projected. We caution you not to place undue reliance on any such forward-looking statements.

In connection with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we are identifying important

factors that could affect our financial performance and could cause our actual results in future periods to differ materially from any

current opinions or statements.

Our future results could be affected by a variety of factors, such as: imposed and threatened tariffs by the United States and its trading

partners; disruptions or inefficiencies in the supply chain; competitive dynamics in the consumer foods industry and the markets for

our products, including new product introductions, advertising activities, pricing actions, and promotional activities of our

competitors; economic conditions, including changes in inflation rates, interest rates, tax rates, tariffs, or the availability of capital;

product development and innovation; consumer acceptance of new products and product improvements; consumer reaction to pricing

actions and changes in promotion levels; acquisitions or dispositions of businesses or assets; changes in capital structure; changes in

the legal and regulatory environment, including tax legislation, labeling and advertising regulations, and litigation; impairments in the

carrying value of goodwill, other intangible assets, or other long-lived assets, or changes in the useful lives of other intangible assets;

changes in accounting standards and the impact of critical accounting estimates; product quality and safety issues, including recalls

and product liability; changes in consumer demand for our products; effectiveness of advertising, marketing, and promotional

programs; changes in consumer behavior, trends, and preferences, including weight loss trends; consumer perception of health-related

issues, including obesity; consolidation in the retail environment; changes in purchasing and inventory levels of significant customers;

fluctuations in the cost and availability of supply chain resources, including raw materials, packaging, energy, and transportation;

effectiveness of restructuring, transformation, and cost saving initiatives; volatility in the market value of derivatives used to manage

price risk for certain commodities; benefit plan expenses due to changes in plan asset values and discount rates used to determine plan

liabilities; failure or breach of our information technology systems; foreign economic conditions, including currency rate fluctuations

and tariffs; and political unrest in foreign markets and economic uncertainty due to terrorism or war.

You should also consider the risk factors that we identify in Item 1A of Part I of our Annual Report on Form 10-K for the fiscal year

ended May 25, 2025, which could also affect our future results.

We undertake no obligation to publicly revise any forward-looking statements to reflect events or circumstances after the date of those

statements or to reflect the occurrence of anticipated or unanticipated events.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The estimated maximum potential value-at-risk arising from a one-day loss in fair value for our interest rate, foreign exchange,

commodity, and equity market-risk-sensitive instruments outstanding as of November 23, 2025, was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **In Millions** | **One-day Risk**<br>**of Loss**<br>| **Change During** <br>**Six-Month** <br>**Period Ended** <br>**Nov. 23, 2025**<br>| **Analysis of Change** |
| Interest rate instruments | $38 | $(8) | Decrease in interest rate volatility |
| Foreign currency instruments | 50 | (1) | Immaterial |
| Commodity instruments | 2 | (1) | Immaterial |
| Equity instruments | 3 |  | Immaterial |

---

For additional information, see Item 7A of Part II of our Annual Report on Form 10-K for the fiscal year ended May 25, 2025.

Item 4. Controls and Procedures.

We, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial

Officer, have evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule

13a-15(e) under the Securities Exchange Act of 1934). Based on our evaluation, our Chief Executive Officer and Chief Financial

Officer have concluded that, as of November 23, 2025, our disclosure controls and procedures were effective to ensure that

information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934 is (1) recorded,

processed, summarized, and reported within the time periods specified in Securities and Exchange Commission rules and forms, and

(2) accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, in a

manner that allows timely decisions regarding required disclosure.

During our fiscal quarter ended November 23, 2025, we made a change in our internal control over financial reporting (as defined in

Rule 13a-15(f) under the Securities Exchange Act of 1934) that materially affected, or is reasonably likely to materially affect, our

internal control over financial reporting. During the second quarter of fiscal 2026, we finalized the design of, tested, and implemented

a new consolidation and financial reporting system.

PART II. OTHER INFORMATION

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

The following table sets forth information with respect to shares of our common stock that we purchased during the quarter ended

November 23, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Period** | **Total Number** <br>**of Shares** <br>**Purchased (a)**<br>| **Average** <br>**Price Paid** <br>**Per Share (b)**<br>| **Total Number of Shares** <br>**Purchased as Part of a Publicly** <br>**Announced Program (c)**<br>| **Maximum Number of Shares** <br>**that may yet be Purchased** <br>**Under the Program (c)**<br>|
| August 25, 2025 - <br>September 28, 2025 (d)<br>| 1295465 | $49.45 | 1295465 | 26902855 |
| September 29, 2025 - <br>October 26, 2025<br>|  |  |  | 26902855 |
| October 27, 2025 - <br>November 23, 2025<br>|  |  |  | 26902855 |
| Total | 1295465 | $49.45 | 1295465 | 26902855 |

---

(a)The total number of shares purchased includes shares of common stock withheld for the payment of withholding taxes upon the distribution of

deferred option units.

(b)Excludes commissions paid and other costs of execution, including excise taxes.

(c)On June 27, 2022, our Board of Directors approved an authorization for the repurchase of up to 100,000,000 shares of our common stock and

terminated the prior authorization. Purchases can be made in the open market or in privately negotiated transactions, including the use of call

options and other derivative instruments, Rule 10b5-1 trading plans, and accelerated repurchase programs. The Board did not specify an

expiration date for the authorization.

(d)During the first quarter of fiscal 2026, we entered into two accelerated share repurchase (ASR) agreements with an unrelated third-party

financial institution to repurchase an aggregate of $500.0 million of our shares of common stock. Under the ASR agreements, we paid an

aggregate of $500.0 million and received an initial delivery of 7.5 million shares of our common stock, in the first quarter of fiscal 2026. The

value of the initial shares delivered under the ASR agreements represented 80 percent of the aggregate purchase price, with a fair value of

$400.0 million. The first ASR agreement was settled in the first quarter of fiscal 2026 with a final delivery of 1.2 million additional shares. The

second ASR agreement was settled in the second quarter of fiscal 2026 with a final delivery of 1.3 million additional shares. In connection with

the ASR agreements, we received a total of 10.0 million shares at an average price of $49.92, not including costs of execution or excise tax.

Item 5. Other Information.

During the fiscal quarter ended November 23, 2025, no director or officer of the Company adopted or terminated a "Rule 10b5-1

trading arrangement" or "non-Rule10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

PART II. OTHER INFORMATION

---

| | |
|:---|:---|
| Item 6. | Exhibits. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 | <u>[Forms of Equity Award Agreements.](exhibit101.htm)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.1 | <u>[Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.](exhibit311.htm)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.2 | <u>[Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.](exhibit312.htm)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32.1 | <u>[Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.](exhibit321.htm)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32.2 | <u>[Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.](exhibit322.htm)</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 | Financial Statements from the Quarterly Report on Form 10-Q of the Company for the quarter ended November 23,<br>2025, formatted in Inline Extensible Business Reporting Language: (i) Consolidated Statements of Earnings; (ii)<br>Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets; (iv) Consolidated<br>Statements of Total Equity; (v) Consolidated Statements of Cash Flows; and (vi) Notes to Consolidated Financial<br>Statements.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 | Cover Page, formatted in Inline Extensible Business Reporting Language and contained in Exhibit 101. |

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its

behalf by the undersigned thereunto duly authorized.

---

| | |
|:---|:---|
|  | GENERAL MILLS, INC. |
|  | (Registrant) |
| Date: December 17, 2025 | /s/ Mark A. Pallot |
|  | Mark A. Pallot |
|  | Vice President, Chief Accounting Officer |
|  | (Principal Accounting Officer and Duly Authorized Officer) |

---

## Exhibit 10.1

**Exhibit10.1**

**GENERAL MILLS, INC. PERFORMANCE**

**STOCKUNITAWARDAGREEMENT**

---

| | |
|:---|:---|
| **GRANT DATE:** |  |
| **PARTICIPANT:** | [CEO] |
| **PERNR:** |  |
| **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** | **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** |
| **PERFORMANCEPERIOD:** |  |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |

---

**ThisAwardismadeundertheGeneralMills,Inc.2022StockCompensationPlan(the"Plan"), and is subject to the terms and conditions contained in the Plan document and this**

**PerformanceStockUnitAwardAgreement("Agreement").TheParticipant:(i)acknowledges**

**receipt of a copy of the Plan and Plan prospectus, (ii) represents that the Participant has**

**carefully read and is familiar with the provisions of this Agreement and the Plan, and (iii)**

**hereby accepts the Performance Stock Units subject to all of the terms and conditions set**

**forth herein, and in the Plan.If the Participant does not wish to receive the Performance**

**Stock Units and/or does not consent and agree to the terms and conditions on which the**

**Performance Stock Units are offered, as set forth in this Agreement and the Plan, then the**

**Participant must reject this Award via the website of the Company's designated broker, no**

**later than60 days followingtheGrantDate.Ifthe Participantrejects this Award, this Award**

**will immediately be forfeited and cancelled.The Participant's failure to reject this Award**

**within this 60 day period will constitute the Participant's acceptance of this Award and all**

**terms and conditions of this Award, as set forth in this Agreement and the Plan.**

**THIS AWARD, dated ontheabove Grant Date, is made byGeneral Mills, Inc.,(the "Company"), and** 

**madetothepersonnamedabove(the"Participant"orreferredtoas"I","you",or"my")("Award").**

1.**<u>Award of Units</u>.** Each unit awarded represents the right to receive one share of the Company

common stock, par value USD 0.10 per share ("Stock"). The units granted pursuant to this

Agreement are referred to as the "Performance Stock Units". The number of Performance Stock

Units earned by the Participant for the Performance Period will be determined at the end of the

Performance Period based on the level of achievement against the Performance Measures and

conditions inaccordance with AttachmentA. The numberof shares of Stock theParticipant ispaid

is dependent on thenumberof Performance Stock Units earnedand satisfactory completion ofthe

service requirements described herein. Whether, and the extent to which Performance Measures

have been satisfiedat theendof thePerformancePeriod shallbe certified bytheCompensation &

Talent Committee before any payment is made, and all such determinations shallbe made by the

Compensation & Talent Committee in itssole discretion. Foreach Performance Stock Unit earned

andvested,ifany,attheExpirationDateoftheRestrictedPeriod,oneshareoftheCompany'sStock

shall be issued to the Participant on the Expiration Date of the Restricted Period, subject to any

additionalrestrictionsorholdingrequirementsinAttachmentA.Exceptasotherwisedefinedherein,

capitalized terms shall have the same meanings ascribed to them under the Plan.

2.**<u>Vesting</u><u>of</u><u>Performance</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**

(a)**Vesting Schedule**. The Performance Stock Units shall vest on the Expiration Date of the

Restricted Period set forth above ("Vesting Date") subject to the terms of this Agreement

and the Plan.

(b)**Forfeiture of Performance Stock Units**. The Participant acknowledges that the

Performance Stock Units awarded hereunder are subject to forfeiture if the Participant's

employment with the Company or any subsidiary or affiliate of the Company terminates

under certain circumstances before the Vesting Date, as herein provided.

(i)*Resignation or Termination for Cause.*If the Participant's employment with the

Company or any subsidiary oraffiliate of the Company is terminated by either (i)

resignation, or (ii) a discharge due to Participant's illegal activities, poor work

performance,misconduct or violation of the Company's Code of Conduct, policies

or practices, then these Performance Stock Units, to the extent they are not fully

vested as of the Termination Date, shall for no consideration be cancelled and

forfeited in their entirety. For the avoidance of doubt, "Termination Date" for

purposes of this Award will be deemed to occur as of the date Participant is no

longeractivelyprovidingservicesasanemployee,unlessotherwisedeterminedby

the Company in its solediscretion, andno vesting shallcontinueduringanynotice

period that may be specified under contract orapplicable law with respect to such

termination,includingany"gardenleave"orsimilarperiod,exceptasmayotherwise

be permitted in the Company's sole discretion.

(ii)*Involuntary Termination/ Early Retirement.*If the Participant's employment by the

Company terminates involuntarily at the initiation of the Company for any reason

otherthan specified in Plan Section 11 (Change in Control), or (i), (iv) or(v) in this

section 2, and upon the execution (without revoking) of an effective general legal

release and such other documents as are satisfactory to the Company, or if the

Participantretiresonorafterage55butbeforeage62,thisAwardshallbepayable

on the Expiration Date of the Restricted Period with a value, if any, that otherwise

would be earned under the applicable performance goals established under

Attachment A based on actual performance; and shall vest at the Expiration Date

of the Restricted Period in a pro-rata amount based on actual employment

completedduringthePerformancePeriodthroughthedateoftermination.Allother

Performance Share Units shall be forfeited as of the date of termination.

(iii)*Death.*If a Participant dies while employed by the Company or subsidiary or

affiliate of the Companyduring the Performance Period, thisAward shall fully vest

and shall be considered to be earned in full "at target" as if the applicable

PerformanceMeasuresestablished inAttachmentAhavebeenachievedattarget,

and settledandpaidonthefirstdayofthemonth followingdeathtothedesignated

beneficiary or beneficiaries.

(iv)*Normal Retirement*.If the termination of employment is due to a Participant's

retirement on orafter age 62, then if such retirement occurs before the end of the

Company's fiscal year within which this Award was granted, it shall vest in a pro-

rataamount basedonactualemployment completedduring saidfiscal year.But if

suchretirementoccursaftertheendof the fiscalyearinwhichit isawarded,thenit

shallvest fully.In eithercase, vested Units shallbepaid on theExpiration Dateof

the Restricted Period, with a value, if any, that otherwise would be earned under

the applicable performance goals established in the Attachment based on actual

performance.

(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the

divestiture, cessation, transfer, or spin-off of a line of business or other activity of

theCompany,theCommittee,initssolediscretion,shalldeterminetheconversion,

vesting,orothertreatmentoftheseAwards.Suchtreatmentshallbeconsistentwith

Code Section 409A, and in particular will take into account whether a separation

from service has occurred within the meaning of Code Section 409A.

3.**<u>Dividend</u><u>Equivalents</u>.**SubjecttoanyapplicableprovisionsinAttachmentA,anydividendsorother

distributionsdeclaredpayableontheCompany'sStockonoraftertheGrantDateofthisAwarduntil

theAwardissettledand/orforfeitedshallbecreditednotionallytotheParticipantinanamountequal

to such declared dividends or other distributions on an equivalent number of shares of Stock

("Dividend Equivalents").Dividend Equivalents so credited shall be paid if, and only to the extent,

the underlying Performance Stock Units to which they relate become unrestricted and vest, as

providedunderthetermsofthePlanandthisAgreement.DividendEquivalentscreditedinrespect

to Performance Stock Units that are forfeited under the terms of the Plan and this document, are

correspondingly forfeited.No interest orotherearnings shall be credited on Dividend Equivalents.

Vested DividendEquivalentsshallbepaid incashatthe sametimeastheunderlyingPerformance

Stock Units to which they relate are settled.

4.**<u>Settlement</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**UponvestingofthePerformanceStockUnits,settlement

shallbe completed as soon as administratively practicable but in no event laterthan 30 days after

the vesting date, except where such settlement following a Section 409A Separation from Service

requiresa six-month delay. TheCompany willprovideforsettlementinthe formofsharesofStock.

At the Company's discretion, additional restrictions or holding requirements may be imposed on

settled Units and Dividend Equivalents, if any.

5.**<u>Non-Transferability</u>**. The Performance Stock Units may not be sold, assigned, pledged,

exchanged, hypothecated, encumbered, disposed of, or otherwise transferred, unless otherwise

providedin thePlanorthisAgreement.Uponany attemptto transfer,assign,pledge,hypothecate

or otherwise dispose of the Performance Stock Units or of such rights contrary to the provisions

hereof or in the Plan, the Performance Stock Units and such rights shall immediately become null

and void.

6.**<u>Withholding of Tax</u>.** The Participant acknowledges that, regardless of any action taken by the

Companyor,ifdifferent,thesubsidiaryoraffiliateoftheCompanythatemploystheParticipant(the

"Employer"), the ultimate liability forall income tax, social contributions, payroll tax, fringe benefits

tax, payment on account, hypothetical tax or other tax-related items related to the Participant's

participation in the Planand legally applicableto the Participantordeemedby theCompanyorthe

Employerintheirdiscretiontobe an appropriate chargetothe Participant even if legallyapplicable

to the Company or the Employer ("Tax-Related Items"), is and remains the Participant's

responsibility and may exceed the amount actually withheld by the Company or the Employer, if

any. The Participant further acknowledges that the Company and/or the Employer (a) make no

representations or undertakings regarding the treatment of any Tax-Related Items in connection

with anyaspectofthePerformanceStock Units, including,but not limited to,thegrant, vesting,the

subsequent sale of shares of Stock acquired pursuant to such vesting and the receipt of any

dividends,orDividendEquivalents;and(b)donotcommittoandareundernoobligationtostructure

the terms of the grant or any aspect of the Performance Stock Units to reduce or eliminate the

Participant's liability for Tax-Related Items or achieve any particular tax result. Further, if the

Participant is subject to Tax-Related Items in more than one jurisdiction between the Grant Date

and the date of any relevant taxable or tax withholding event, as applicable, the Participant

acknowledges that the Company and/or the Employer (or former employer, as applicable) may be

required to withhold or account for Tax-Related Items in more than one jurisdiction.

Priortothe relevant taxable ortax withholdingevent,asapplicable, theParticipantagrees tomake

adequatearrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-Related

Items. In this regard, unless otherwise approved by the Committee, the Company shall satisfy the

obligations with regard to all Tax-Related Items by one or a combination of the following: (i)

withholding from the Participant's wages orothercash compensationpaid to the Participantby the

Companyand/ortheEmployer;(ii)withholdingfromthesharesofStocktobedeliveredupon

settlement of the Performance Stock Units or other awards granted to the Participant or (iii)

permittingtheParticipanttotendertothe Companycashor, ifallowedby theCommittee, sharesof

Stock.

Dependingonthewithholdingmethod,theCompanymaywithholdoraccountforTax-RelatedItems

by consideringapplicable statutorywithholding rates (asdetermined bythe Company in good faith

andinitssolediscretion)orotherapplicablewithholdingrates,includingmaximumapplicablerates,

in which case the Participant will receive a refund of any over-withheld amount and will have no

entitlementtotheshareequivalent.IftheobligationforTax-RelatedItemsissatisfiedbywithholding

from the shares of Stock to be delivered upon vesting of the Performance Stock Units, for tax

purposes,theParticipantisdeemedtohavebeen issuedthefullnumberof sharesofStocksubject

to the Performance Stock Units, notwithstanding that a number of shares of Stock are held back

solely for the purpose of paying the Tax-Related Items. The Participant will have no further rights

with respect to any shares of Stock that are retained by the Company pursuant to this provision.

The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items

that the Company or the Employer may be required to withhold or account for as a result of the

Participant's participation in the Plan that cannot be satisfied by the means previously described.

TheCompanymayrefusetoissueordeliversharesofStockorproceedsfromthesaleofsharesof

Stockuntilarrangementssatisfactoryto theCompanyhavebeenmade in connection withthe Tax-

Related Items.

7.**<u>Restrictive Covenants; Confidential Information; Work Product</u>.** The Participant agrees to

cooperate with the Company in any way needed in order to comply with, or fulfill the terms of the

Plan and this Award document.As a term and condition of this Award, Participant agrees to the

following terms:

a.I agreetouse GeneralMills ConfidentialInformationonlyas needed in theperformance of

my duties, to holdand protect such informationas confidentialto the Company, and not to

engage in any unauthorized use or disclosure of such information for so long as such

informationqualifiesasConfidentialInformation. Iagreethataftermyemploymentwith the

Companyterminatesforanyreason,including"retirement"as thattermisused inthePlan,

I will not use or disclose, directly or indirectly, Company Confidential Information or trade

secrets for any purpose, unless I get the prior written consent of my manager to do so.

This document does not prevent me from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including this document, unless such information is legally protected from

disclosuretothirdparties.Idonotneedpriorcompanyauthorizationtotaketheseactions,

nor must I notify the company I have done so.

Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunderany

federalorstatetrade secret lawformakingatradesecretdisclosure: (A)inconfidencetoa

federal, state, or local government official, either directly or indirectly, or to an attorney,

solely for the purpose of reporting or investigating a suspected violation of law; or(B) in a

complaint or other document filed in a lawsuit or other proceeding, if such filing is made

under seal.

GeneralMills Confidential Information means any non-public information I create, receive,

use or observe in the performance of my job at General Mills, including trade secrets.

Examples of Confidential Information include marketing, merchandising, business plans,

businessmethods,pricing,purchasing,licensing,contracts,employee,supplierorcustomer

information, customer,vendororpartnerclientorcontactlists,financial data,technological

developments, manufacturing processes and specifications, product formulas, ingredient

specifications, software code, and all other proprietary information which is not publicly

available to others.

Prior to leaving the Company, I agree to return all materials in my possession containing

Confidential Information, as well as all other documents and othertangible items provided

to me by General Mills, or developed by me in connection with my employment with the

Company.

b.I agree to promptly tell General Mills about any ideas, concepts, improvements, designs,

inventions,discoveries,and creative works (collectively, "WorkProduct") which Iconceive

or create during my employment with General Mills which relate to General Mills'

businesses.

I furtheragreetoimmediately,automaticallyand irrevocablyassign,andherebydoassign,

toGeneralMillsanyandallintellectualproperty rightsinandto suchWorkProduct,andall

such intellectual property rights shall be solely and exclusively owned by General Mills.

"Intellectualpropertyrights"meanspatentrights,copyrights,tradesecretrights,tradedress

rights, trademark rights and all comparable rights throughout the world.

During my employment with General Mills and anytime thereafter, I will take all necessary

steps, at General Mills' request and expense, but without further compensation to me, to

execute any instruments necessary to enable General Mills or General Mills' nominee to

register intellectual property rights throughout the world.

After I leave General Mills, I agree to help General Mills in every way possible in any

governmentorlegalproceedingspertainingtoanyGeneralMillsintellectualpropertyrights.

c.[*This Section 7.c. does not apply to California, Colorado, Minnesota, and Washington -*

*based employees.*] I agree that for one year after I leave the Company, including retiring

fromthe Company, I willnot work on any product, brand category, process, orservice: (A)

on which I worked, or about which I had access to Confidential Information, in the year

immediately preceding my termination (including retirement) from General Mills, and (B)

which competes with General Mills products, brand categories, processes, or related

services.

d.I agree that forone year afterI leave General Mills, including retiring from the Company, I

willrefrainfromdirectlyorindirectlysolicitingCompanyemployeesforthepurposeofhiring

them or inducing them to leave their employment with the Company.

e.IagreethatafterIleaveGeneralMills,includingretiringfromtheCompany,Iwillindefinitely

refrain from using Company client or contact lists, and for two years I will refrain from

soliciting the Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Award,

termination and forfeitureofanyunvested Units,and/orrequired payment to the Companyof allor

a portion of any monetary gains acquired by the Participant as a result of the Award, unless the

Awardvestedandwassettledmorethanfour(4)yearspriortothebreach.Theforegoingremedies

are in addition to, and not in lieu of injunctive relief and/or any other legal or equitable remedies

available under applicable law.

8.**<u>Nature</u><u>of</u><u>Grant</u>.**InacceptingthePerformanceStockUnits,theParticipantacknowledges and

agrees that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may

bemodified, amended, suspended orterminatedby the Company, in its sole discretion, at

any time (subject to any limitations set forth in the Plan);

(b)the Plan is operated and the Performance Stock Units are granted solely by the Company

and only the Company is a party to this Agreement; accordingly, any rights the Participant

may have under this Agreement may be raised only against the Company but not any

subsidiary or affiliate of the Company (including, but not limited to, the Employer);

(c)no subsidiary or affiliate of the Company (including, but not limited to, the Employer) has

any obligation to make any payment of any kind to the Participant under this Agreement;

(d)the grant of the Performance Stock Units is voluntary and occasionaland does not create

anycontractualorotherrighttoreceivefuturegrantsofPerformanceStockUnits,orbenefits

inlieuofPerformanceStockUnits,evenifPerformanceStockUnitssorotherawardshave

been granted in the past;

(e)all decisions with respect to future awards, if any, will be at the sole discretion of the

Company;

(f)theParticipant'sparticipationinthePlanisvoluntary;

(g)thePerformance Stock Units andthe Participant's participation in thePlan shallnot create

a right to employment or be interpreted as forming an employment contract with the

Company orany of its subsidiaries oraffiliates and shall not interfere with the ability of the

Company or the Employer, as applicable, to terminate the Participant's employment

relationship (as otherwise may be permitted under local law);

(h)unless otherwise agreed with the Company, the Performance Stock Units and any shares

of Stock acquired upon vesting of the Performance Stock Units, and the income from and

value of same, are not granted as consideration for, or in connection with, any service the

Participant may provide as a director of any subsidiary or affiliate of the Company;

(i)the Performance Stock Units and any shares of Stock acquired under the Plan and the

incomeand value of same, are not part of normal or expected compensation forpurposes

of calculating any severance, resignation, termination, redundancy, dismissal, end-of-

servicepayments,bonuses, long-serviceawards,pensionorretirementorwelfarebenefits

orsimilarpayments and innoevent should be considered as compensation for,orrelating

in any wayto, past servicesforthe Company, theEmployerorany subsidiary oraffiliateof

the Company;

(j)thefuturevalueofthesharesofStockunderlyingthePerformanceStockUnitsisunknown,

indeterminable, and cannot be predicted with certainty;

(k)upon vesting of the Performance Stock Units, the value of such shares of Stock may

increase or decrease in value;

(l)no claim or entitlement to compensation or damages shall arise from forfeiture of the

PerformanceStockUnitsresultingfrom(A)terminationoftheParticipant'semployment(for

any reason whatsoever and whether or not in breach of local labor laws or later found

invalid), and/or (B) from the application of any clawback or recoupment policy adopted by

theCompanyorimposedbyapplicable law,andinconsiderationof thePerformanceStock

Units,theParticipantagreesnottoinstituteanyclaimagainsttheCompanyortheEmployer;

(m)the Performance Stock Units and the benefits evidenced by this Agreement do not create

anyentitlementnototherwisespecificallyprovidedforinthePlanorprovidedbythe

Company in its discretion, to have the Performance Stock Units or any such benefits

transferred to, or assumed by, another company, nor to be exchanged, cashed out or

substituted for, in connection with any corporate transaction affecting the sharesof Stock;

and

(n)neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign

exchangeratefluctuationbetweentheParticipant'slocalcurrencyandtheU.S.dollarthatmayaffect

the value of the Performance Stock Units or any amounts due to the Participant pursuant to the

vestingofthePerformanceStockUnitsorthesubsequentsaleofanysharesofStockacquiredupon

vesting of the Performance Stock Units

9.**<u>Data Privacy</u>.** If the Participant would like to participate in the Plan, the Participant will need to

review the information provided in this Section 9 and, where applicable, declare the Participant's

consent to the processing of personal data by the Company and the third parties stated below.

IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnited

Kingdom, please note that General Mills, Inc. with registered address at One General Mills

Boulevard, Minneapolis, MN 55426-1347, is the controller responsible for the processing of the

Participant's personal data in connection with the Agreement and the Plan.

*(a)<u>Data Collection and Usage.</u> The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheParticipant,specifically,theParticipant'sname,*

*home address and telephone number, email address, date of birth, social insurance,*

*passport number or other identification number, salary, nationality, job title, any shares of*

*Stock ordirectorshipsheld inthe Companyorany its subsidiariesoraffiliates,details of all*

*Performance Stock Units or any other entitlement to shares of Stock awarded, canceled,*

*exercised, settled, vested, unvested or outstanding in the Participant's favor, which the*

*CompanyreceivesfromtheParticipantortheEmployer(the"Data").TheCompanycollects,*

*processes and uses the Data for the purposes of performing its contractual obligations*

*under this Agreement, implementing, administering and managing the Participant's*

*participation in the Plan and facilitating compliance with applicable tax and securities law.*

*If the Participant is based in the EU, EEA or United Kingdom, the legal basis for the*

*processingoftheDatabythe Companyisthenecessityof theprocessingfortheCompany*

*toperformitscontractualobligationsunderthisAgreementandthePlanandtheCompany's*

*legitimate business interests of managing the Plan,administering employeeequityawards*

*and complying with its contractual and statutory obligations.*

*If the Participant is based in any otherjurisdiction, the legalbasis forthe processing of the*

*Data by the Company is the Participant's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers.</u> The Company transfers Data to E\*TRADE*

*Financial Corporate Services, Inc. (including its affiliated companies), an independent*

*service provider which assists the Company with the implementation, administration and*

*managementofthePlan.Inthefuture,theCompanymayselectadifferentserviceprovider,*

*which will in a similar manner, share Data with such service provider. The Company's*

*service provider will maintain an account forthe Participant to administer thePerformance*

*Stock Units. The processing of Data will take place through both electronic and non-*

*electronicmeans. Data willonlybeaccessiblebythose individualsrequiringaccessto itfor*

*purposes of implementing, administering and operating the Plan.*

*(c)<u>International</u><u>Data</u><u>Transfers.</u>TheCompanyanditsserviceprovidersarebasedintheUnited*

*States and India. The Participant's country or jurisdiction may have different data privacy*

*laws and protections than the United States and India. An appropriate level of protection*

*can be achieved by implementing safeguards such as the Standard Contractual Clauses*

*adopted by the EU Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant'sjurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsservice*

*providers based on the Participant's consent, as further described below.*

*(d)<u>Data Retention.</u> The Company will use the Data only as long as necessary to implement,*

*administerand manage the Participant'sparticipation in the Plan,oras required to comply*

*with legal orregulatoryobligations, including taxand securitieslaws.When the Company*

*no longer needs the Data, the Company will remove it from its systems.If the Company*

*keepsdata longer, it wouldbe to satisfy legalor regulatoryobligationsand the Company's*

*legal basis would be relevant laws or regulations (if the Participant is in the EU, EEA or*

*United Kingdom) or the Participant's consent (if the Participant is outside the EU, EEA or*

*United Kingdom).*

*(e)<u>Data</u><u>Subject Rights.</u> TheParticipant mayhave anumberof rights underdata privacy laws*

*in the Participant's jurisdiction. Subject to the conditions set out in the applicable law and*

*dependingonwheretheParticipantisbased,suchrightsmayincludetherightto(i)request*

*access to, or copies of, the Data processed by the Company, (ii) rectification of incorrect*

*Data, (iii) deletion of Data, (iv) restrictions on the processing of Data, (v) object to the*

*processingofDataforlegitimateinterests,(vi)portabilityofData,(vii)lodgecomplaintswith*

*competent authorities in the Participant's jurisdiction, and/or to (viii) receive a list with the*

*namesandaddressesofanypotentialrecipientsof Data. To receive clarification regarding*

*these rights or to exercise these rights, the Participant can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data.</u> The Participant understands that providing the*

*Company with Data is necessary for the performance of the Agreement and that the*

*Participant's refusal to provide the Data would make it impossible for the Company to*

*perform its contractual obligations and may affect the Participant's ability to participate in*

*the Plan.*

*(g)<u>Declaration</u><u>of</u><u>Consent</u><u>(if</u><u>the</u><u>Participant</u><u>is</u><u>outside</u><u>the</u><u>EU,</u><u>EEA</u><u>and</u><u>United</u><u>Kingdom).</u>The*

*Participantherebyunambiguouslyconsentstothecollection,useandtransfer,inelectronic*

*or other form, of the Data, as described above and in any other grant materials, by and*

*among, as applicable, the Employer, the Company and anysubsidiary or affiliate of the*

*Company for the exclusive purpose of implementing, administering and managing the*

*Participant'sparticipationinthePlan.TheParticipantunderstandsthattheParticipantmay,*

*atanytime,refuseorwithdrawtheconsentsherein,inanycasewithout cost,bycontacting*

*HR Direct.If the Participant does not consent or later seeks to revoke the Participant's*

*consent, the Participant's employment status or service with the Employer will not be*

*affected; the Participant's consequence of refusing or withdrawing consent is that the*

*Companywouldnotbeabletoaward theParticipantPerformanceStockUnitsoranyother*

*equity award to the Participant or administer or maintain such awards.Therefore, the*

*Participant understands that refusing or withdrawing consent may affect the Participant's*

*ability to participate in the Plan. For more information on the consequences of refusal to*

*consent or withdrawal of consent, the Participant should contact HR Direct.*

10.**<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation

Clawback Policies.

11.**<u>Insider</u><u>Trading;</u><u>Market</u><u>Abuse</u><u>Laws</u>.**ByparticipatinginthePlan,theParticipantagreestocomply

withtheCompany'spolicyoninsidertrading(totheextentthatitisapplicabletotheParticipant),the

Participant further acknowledgesthat,dependingonthe Participant'sor hisor herbroker's country

ofresidenceorwherethesharesofStockarelisted,theParticipantmaybesubjecttoinsidertrading

restrictionsand/ormarketabuse lawsthatmayaffecttheParticipant'sability toaccept,acquire, sell

or otherwise dispose of shares of Stock, rights to shares of Stock (e.g., Performance Stock Units)

orrights linked to the value of shares of Stock, during such times the Participantisconsidered to

have "inside information" regarding the Company as defined by the laws or regulations in the

Participant's country. Local insider trading laws and regulations may prohibit the cancellation or

amendment of orders the Participant places before he or she possessed inside information.

Furthermore,theParticipantcouldbeprohibitedfrom(i)disclosingtheinsideinformationtoanythird

party(otherthanona"needtoknow"basis)and(ii)"tipping"thirdpartiesorcausingthemotherwise

to buy or sell securities. The Participant understands that third parties include fellow employees.

Any restrictionunderthese lawsorregulations are separate fromandinaddition toanyrestrictions

that may be imposed under any applicable Company insider trading policy. The Participant

acknowledgesthatitistheParticipant'sresponsibilitytocomplywithanyapplicablerestrictions,and

that the Participant should therefore consult the Participant's personal advisor on this matter.

12.**<u>Electronic Delivery</u>.** The Participant agrees, to the fullest extent permitted by law, in lieu of

receiving documents in paper format, to accept electronic delivery of any documents that the

Company and itssubsidiaries or affiliates may deliver in connection with this grant and any other

grants offered by the Company, including prospectuses, grant notifications, account statements,

annual or quarterly reports, and other communications. Electronic delivery of a document may be

made via the Company's email system or by reference to a location on the Company's intranet or

website or a website of the Company's agent administering the Plan. By accepting this grant,

whether electronically or otherwise, the Participant hereby consents to participate in the Plan

throughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronicsignatures

or click-through electronic acceptance of terms and conditions.

13.**<u>English Language</u>.** The Participant acknowledges and agrees that it is the Participant's express

intent that this Agreement and the Plan and all other documents, notices and legal proceedings

enteredinto,givenorinstitutedpursuanttothePerformanceStockUnitsbedrawnupinEnglish.To

the extent the Participant has been provided with a copy of this Agreement, the Plan, orany other

documentsrelatingtothisAwardinalanguageotherthanEnglish,theEnglishlanguagedocuments

will prevail in case of any ambiguities or divergences as a result of translation unless otherwise

required under applicable laws.

14.**<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Performance Stock Units shall

be subject to anyadditional or different terms and conditions set forth in the Country-Specific

Addendum to thisAgreement (the "Addendum"). Moreover, ifthe Participant transferstooneofthe

countries included in such Addendum, theadditional or different terms and conditions for such

country will apply to the Participant, to the extent the Company determines that the application of

such terms and conditions is necessary or advisable to comply with local law or facilitate the

administration of the Plan (or the Companymay establish alternative terms and conditions as may

be necessary or advisable to accommodate the Participant's transfer). The Addendum constitutes

part of this Agreement.

15.**<u>Not a Public Offering</u>**. The award of the Performance Stock Units is not intended to be a public

offeringofsecuritiesintheParticipant'scountryofemployment(orcountryofresidence,ifdifferent).

TheCompanyhasnotsubmittedanyregistrationstatement,prospectusorotherfilingswiththelocal

securitiesauthorities(unlessotherwiserequiredunderlocallaw),andtheawardofthePerformance

Stock Units is not subject to the supervision of the local securities authorities. *No employee of the*

*Company or any of itssubsidiaries or affiliates is permitted to advise the Participant on whether*

*he/she should participate in the Plan. Acquiring shares of Stock involves a degree of risk. Before*

*deciding to participate in the Plan, the Participant should carefullyconsiderall riskfactors relevant*

*to theacquisition of sharesof Stockunderthe Plan andcarefully review all of thematerials related*

*tothePerformanceStockUnitsandthePlan.Inaddition,theParticipantshouldconsult withhis/her*

*personal advisor for professional investment advice.*

16.**<u>Repatriation;</u><u>Compliance</u><u>with</u><u>Law</u>**.TheParticipantagreestorepatriateallpaymentsattributable

to the shares of Stock and/or cash acquired under the Plan in accordance with applicable foreign

exchange rules and regulations in the Participant's country of employment (and country of

residence, if different). In addition, the Participant agrees to take any and all actions, and consent

to any and all actions taken by the Company and any of its subsidiaries and affiliates, as may be

required to allowthe Company and any of itssubsidiaries and affiliates to comply with local laws,

rules and/or regulations in the Participant's country of employment (and country of residence, if

different). Finally, the Participant agrees to take any and all actions as may be required to comply

with the Participant's personal obligations under local laws, rules and/or regulations in the

Participant's country of employment and country of residence, if different).

17.**<u>Imposition</u><u>of</u><u>Other</u><u>Requirements</u>**.TheCompanyreservestherighttoimposeotherrequirements

on the Participant's participation in the Plan, on the Performance Stock Unit, and on any shares of

Stock acquired underthe Plan, to the extent the Company determines it is necessary oradvisable

forlegaloradministrative reasons,andto requiretheParticipanttosign anyadditionalagreements

or undertakings that may be necessary to accomplish the foregoing.

18.**<u>Committee's</u><u>Powers</u>**.NoprovisioncontainedinthisAgreementshallinanywayterminate,modify

oralter,orbeconstruedorinterpretedasterminating,modifyingoralteringanyofthepowers,rights

or authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the

terms of thePlan orresolutionsadopted infurtheranceofthe Plan, including,without limitation, the

right tomakecertaindeterminationsandelectionswith respecttothe PerformanceStock Unit. Any

disputeregarding theinterpretationofthisAgreementorthe termsofthePlan shallbesubmittedto

the Committee or its delegate who shall have the discretionary authority to construe the terms of

thisAgreement,thePlan,andalldocumentsancillarytothisAward.ThedecisionsoftheCommittee

orits delegate shall befinal andbindingand any reviewing courtof law orotherparty shall deferto

its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this

review standard subject the Plan orAward to the U.S. Employee Retirement Income Security Act.

19.**<u>Binding Effect</u>**. This Agreement shallbe binding upon and inure to the benefit of any successors

to the Company and all persons lawfully claiming under the Participant.

20.**<u>Governing Law and Forum</u>**. Without limiting the effect of section 16, this Agreement shall be

governedby,andconstruedinaccordancewith,thelawsoftheStateofDelawarewithoutregardto

principles of conflict of laws.

21.**<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the

provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the

Agreementshallbereformedand construedsothatitwouldbeenforceabletothemaximumextent

legallypossible, and if it cannot be so reformed and construed, as if suchunenforceable provision,

or part thereof, had never been contained herein.

22.**<u>Waiver</u>**. The waiver by the Company with respect to Participant's (or any other participant's)

compliance with any provision of this Agreement shall not operate or be construed as a waiver of

anyotherprovisionof this Agreement, orof any subsequent breach by such partyof aprovision of

this Agreement.

AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailable

on G&Me by searching "2022 Stock Compensation Plan".A copy of the Company's latest Annual Report

on Form 10-K is also available on the Company's website at <u>https://investors.generalmills.com/financial-</u>

<u>information/sec-filings/default.aspx</u>.

**GENERALMILLS,INC.**

**GENERAL MILLS, INC. PERFORMANCE**

**STOCKUNITAWARDAGREEMENT**

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| | |
|:---|:---|
| **GRANT DATE:** |  |
| **PARTICIPANT:** | [Officer] |
| **PERNR:** |  |
| **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** | **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** |
| **PERFORMANCEPERIOD:** |  |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |

---

**ThisAwardismadeundertheGeneralMills,Inc.2022StockCompensationPlan(the"Plan"), and is subject to the terms and conditions contained in the Plan document and this**

**PerformanceStockUnitAwardAgreement("Agreement").TheParticipant:(i)acknowledges**

**receipt of a copy of the Plan and Plan prospectus, (ii) represents that the Participant has**

**carefully read and is familiar with the provisions of this Agreement and the Plan, and (iii)**

**hereby accepts the Performance Stock Units subject to all of the terms and conditions set**

**forth herein, and in the Plan.If the Participant does not wish to receive the Performance**

**Stock Units and/or does not consent and agree to the terms and conditions on which the**

**Performance Stock Units are offered, as set forth in this Agreement and the Plan, then the**

**Participant must reject this Award via the website of the Company's designated broker, no**

**later than60 days followingtheGrantDate.Ifthe Participantrejects this Award, this Award**

**will immediately be forfeited and cancelled.The Participant's failure to reject this Award**

**within this 60 day period will constitute the Participant's acceptance of this Award and all**

**terms and conditions of this Award, as set forth in this Agreement and the Plan.**

**THIS AWARD, dated ontheabove Grant Date, is made byGeneral Mills, Inc.,(the "Company"), and** 

**madetothepersonnamedabove(the"Participant"orreferredtoas"I","you",or"my")("Award").**

1.**<u>Award</u><u>of</u><u>Units</u>.**Eachunitawardedrepresentstherighttoreceiveone shareoftheCompanycommon

stock,parvalueUSD0.10pershare("Stock").TheunitsgrantedpursuanttothisAgreementarereferred

toasthe"PerformanceStockUnits".ThenumberofPerformanceStockUnitsearnedbytheParticipant

forthePerformancePeriod willbedetermined atthe end ofthe PerformancePeriod basedon the level

of achievement against the Performance Measures and conditions in accordance with Attachment A.

ThenumberofsharesofStocktheParticipantispaidisdependentonthenumberofPerformanceStock

Units earned and satisfactory completion of the service requirements described herein. Whether, and

the extent to which Performance Measures have been satisfied at the end of the Performance Period

shallbe certified by the Compensation & Talent Committee before any payment is made, and all such

determinations shallbemadeby theCompensation &Talent Committee initssolediscretion.Foreach

Performance Stock Unitearned and vested, if any,at the Expiration Dateof the RestrictedPeriod,one

shareoftheCompany'sStockshallbeissuedtotheParticipantontheExpirationDateoftheRestricted

Period, subject to any additional restrictions or holding requirements in Attachment A. Except as

otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the

Plan.

2.**<u>Vesting</u><u>of</u><u>Performance</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**

a)**VestingSchedule**.ThePerformanceStockUnitsshallvestontheExpirationDateoftheRestricted

Period set forth above ("Vesting Date") subject to the terms of this Agreement and the Plan.

b)**Forfeiture of Performance Stock Units**. The Participant acknowledges that the Performance

Stock Units awarded hereunder are subject to forfeiture if the Participant's employment with the

Company or any subsidiary or affiliate of the Company terminates under certain circumstances

before the Vesting Date, as herein provided.

i)*Resignation or Termination for Cause.*If the Participant's employment with the Company or

any subsidiary oraffiliate of the Company is terminated by either (i) resignation, or (ii) a

discharge due to Participant's illegal activities,poorworkperformance,misconductorviolation

of theCompany's Code of Conduct,policiesorpractices,then thesePerformanceStock Units,

to the extent theyarenot fully vested asof the Termination Date, shallforno consideration be

cancelled and forfeited in their entirety. For the avoidance of doubt, "Termination Date" for

purposes of this Award willbe deemed to occuras of thedate Participant is no longeractively

providing services as an employee, unless otherwise determined by the Company in its sole

discretion, and no vesting shall continue during any notice period that may be specified under

contract or applicable law with respect to such termination, including any "garden leave" or

similar period, except as may otherwise be permitted in the Company's sole discretion.

ii)*Involuntary Termination.*If the Participant's employment with the Company or any subsidiary

oraffiliate of the Company terminates involuntarily at the initiation of the Company for any

reasonotherthanspecifiedinPlanSection11(ChangeinControl),or(i),(iv)or(v)inthissection

2,andupontheexecution(withoutrevoking)ofaneffectivegenerallegalreleaseandsuchother

documents as are satisfactory to the Company, this Award shall be settled and paid on the

Expiration Date of the Restricted Period (subject to any additional restrictions or holding

requirements in Attachment A) with a value, if any, that otherwise would be earned under the

applicable Performance Measuresestablished in Attachment A based on actual performance;

and shall vest at the Expiration Date of the Restricted Period in a pro-rata amount based on

actualemploymentcompletedduringthePerformancePeriodthroughtheTerminationDate.All

other Performance Stock Units shall be forfeited as of the Termination Date.

iii)*Death.*IfaParticipantdieswhileemployedbytheCompanyoranysubsidiaryoraffiliateofthe

CompanyduringthePerformancePeriod,this Awardshallfully vestandshallbeconsideredto

beearnedinfull"attarget"asiftheapplicablePerformanceMeasuresestablishedinAttachment

A have been achieved at target, and settled and paid on the first day of the month following

death to the designated beneficiary or beneficiaries.

iv)*Retirement*.If the termination of employment is due to the Participant's retirement on or after

age 55 and completion ofat least five (5)yearsof service with the Companyorany subsidiary

or affiliated companies, then if such retirement occurs before the end of the Company's fiscal

year within which this Award was granted, it shall vest in a pro-rata amount based on actual

employment completed during said fiscal year.But if such retirement occurs after the end of

thefiscalyearinwhich itisawarded,thenitshallvestfully.Ineithercase,vestedPerformance

StockUnitsshallbesettledandpaidon theExpirationDateofthe RestrictedPeriod (subjectto

any additional restrictions or holding requirements in Attachment A), with a value, if any, that

otherwise would be earned under the applicable Performance Measures established in

Attachment A based on actual performance.Notwithstanding the above, the terms of this

paragraph (iv) shallnot apply to a Participant who, prior to a Change of Control, is terminated

for cause as described in paragraph (b)(i); said Participant shall be treated as provided in

paragraph (b)(i).

v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its solediscretion, shalldetermine the conversion, vesting,orothertreatmentof

theseAwards.SuchtreatmentshallbeconsistentwithCodeSection409A,andinparticularwill

take into account whethera separation from service has occurred within the meaning of Code

Section 409A.

3.**<u>Dividend Equivalents</u>.** Subject to any applicable provisions in Attachment A, any dividends or other

distributionsdeclaredpayableontheCompany'sStockonoraftertheGrantDateofthisAwarduntilthe

Award is settled and/or forfeited shall be credited notionally to the Participant in an amount equal to

such declared dividends or other distributions on an equivalent number of shares of Stock ("Dividend

Equivalents").Dividend Equivalents so credited shall be paid if, and only to the extent, the underlying

Performance Stock Units to which they relate become unrestricted and vest, as provided under the

terms of the Plan and this Agreement.Dividend Equivalents credited in respect toPerformance Stock

UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.No

interestorotherearnings shallbecreditedon DividendEquivalents.VestedDividendEquivalentsshall

be paid in cash at the same time as the underlying Performance Stock Units to which they relate are

settled.

4.**<u>Settlement of Performance Stock Units</u>.** Upon vesting of the Performance Stock Units, settlement

shall be completed as soon as administratively practicable but in no event later than 30 days after the

vestingdate,except wheresuch settlement followinga Section409ASeparationfromService requires

a six-month delay. The Company will provide for settlement in the form of shares of Stock. At the

Company'sdiscretion, additional restrictionsorholding requirementsmaybe imposed on settled Units

and Dividend Equivalents, if any.

5.**<u>Non-Transferability</u>**. The Performance Stock Units may not be sold, assigned, pledged, exchanged,

hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlan

or this Agreement.Upon any attempt to transfer, assign, pledge, hypothecateor otherwise disposeof

the Performance Stock Units or of such rights contrary to the provisions hereof or in the Plan, the

Performance Stock Units and such rights shall immediately become null and void.

6.**<u>Withholding</u><u>of</u><u>Tax</u>.**TheParticipantacknowledgesthat,regardlessofanyactiontakenbytheCompany

or, if different, the subsidiary oraffiliateof the Companythatemploys theParticipant (the "Employer"),

the ultimate liability for all income tax, social contributions, payroll tax, fringe benefits tax, payment on

account, hypotheticaltax orother tax-related items related to the Participant's participation in the Plan

and legally applicable tothe Participantordeemedby the Company ortheEmployerin theirdiscretion

tobeanappropriatechargetotheParticipanteveniflegallyapplicabletotheCompanyortheEmployer

("Tax-Related Items"), is and remains the Participant's responsibility and may exceed the amount

actuallywithheldbytheCompanyortheEmployer,ifany.TheParticipantfurtheracknowledgesthatthe

Companyand/or theEmployer (a)makeno representationsorundertakings regarding thetreatmentof

anyTax-RelatedItemsinconnectionwithanyaspectofthePerformanceStockUnits,including,butnot

limited to, thegrant, vesting, thesubsequent saleof shares of Stockacquired pursuant to such vesting

and the receipt of any dividends, or Dividend Equivalents; and (b) do not commit to and are under no

obligationtostructurethetermsofthegrantor anyaspectofthePerformanceStock Unitstoreduce or

eliminate the Participant's liability for Tax-Related Items orachieve any particular tax result. Further, if

theParticipantissubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrantDateand

the date of any relevant taxable or tax withholding event, as applicable, the Participant acknowledges

thatthe Companyand/ortheEmployer(orformeremployer,asapplicable)mayberequiredto withhold

or account for Tax-Related Items in more than one jurisdiction.

Priortothe relevant taxable ortax withholdingevent,asapplicable, theParticipantagrees tomake

adequatearrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-Related

Items. In this regard, unless otherwise approved by the Committee, the Company shall satisfy the

obligations with regard to all Tax-Related Items by one or a combination of the following: (i)

withholding from the Participant's wages orothercash compensationpaid to the Participantby the

Company and/or the Employer; (ii) withholding from the shares of Stock to be delivered upon

settlement of the Performance Stock Units or other awards granted to the Participant or (iii)

permittingtheParticipanttotendertothe Companycashor, ifallowedby theCommittee, sharesof

Stock.

Dependingonthewithholdingmethod,theCompanymaywithholdoraccountforTax-RelatedItems

byconsideringapplicablestatutorywithholdingrates(asdeterminedbytheCompanyingood faith

andinitssolediscretion)orotherapplicablewithholdingrates,includingmaximumapplicablerates,

in which case the Participant will receive a refund of any over-withheld amount and will have no

entitlementtotheshareequivalent.IftheobligationforTax-RelatedItemsissatisfiedbywithholding

from the shares of Stock to be delivered upon vesting of the Performance Stock Units, for tax

purposes,theParticipantisdeemedtohavebeen issuedthefullnumberof sharesofStocksubject

to the Performance Stock Units, notwithstanding that a number of shares of Stock are held back

solely for the purpose of paying the Tax-Related Items. The Participant will have no further rights

with respect to any shares of Stock that are retained by the Company pursuant to this provision.

The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items

that the Company or the Employer may be required to withhold or account for as a result of the

Participant's participation in the Plan that cannot be satisfied by the means previously described.

TheCompanymayrefusetoissueordeliversharesofStockorproceedsfromthesaleofsharesof

Stockuntilarrangementssatisfactoryto theCompanyhavebeenmade in connection withthe Tax-

Related Items.

7.**<u>Restrictive Covenants; Confidential Information; Work Product</u>.** The Participant agrees to

cooperate with the Company in any way needed in order to comply with or fulfill the terms of the Plan

and this Award document.As a term and condition of this Award, Participant agrees to the following

terms:

(a)IagreetouseGeneralMillsConfidentialInformationonlyasneededintheperformance

ofmyduties,tohold and protect such informationas confidentialtothe Company,and

nottoengage in any unauthorizeduseordisclosureof such information forso longas

suchinformationqualifiesasConfidentialInformation.Iagreethataftermyemployment

withtheCompanyterminatesforanyreason,including"retirement"asthattermisused

in the Plan, I will not use or disclose, directly or indirectly, Company Confidential

Information or trade secrets for any purpose, unless I get the prior written consent of

my manager to do so.

This documentdoes not preventme from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including thisdocument, unless such information islegallyprotected from

disclosure to third parties.I do not need prior company authorization to take these

actions, nor must I notify the company I have done so.

Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunder

any federal or state trade secret law for making a trade secret disclosure: (A) in

confidence to a federal, state, or local government official, either directly or indirectly,

or to an attorney, solely for the purpose of reporting or investigating a suspected

violation of law; or (B) in a complaint or other document filed in a lawsuit or other

proceeding, if such filing is made under seal.

General Mills Confidential Information means any non-public information I create,

receive, use orobserve in the performance of my job at General Mills, including trade

secrets.Examples of Confidential Information include marketing, merchandising,

businessplans,businessmethods,pricing,purchasing,licensing,contracts,employee,

supplier or customer information, customer, vendor or partner client or contact lists,

financial data, technological developments, manufacturing processes and

specifications, product formulas, ingredient specifications,softwarecode, andallother

proprietary information which is not publicly available to others.

PriortoleavingtheCompany,Iagreetoreturnallmaterialsinmypossessioncontaining

ConfidentialInformation,aswellasallotherdocumentsandothertangibleitems

providedtomebyGeneralMills,ordevelopedbymeinconnectionwithmyemployment

with the Company.

b) IagreetopromptlytellGeneralMillsaboutanyideas,concepts,improvements,designs,inventions,

discoveries,and creative works(collectively, "WorkProduct")whichI conceiveorcreate during my

employment with General Mills which relate to General Mills' businesses.

I further agree to immediately, automatically and irrevocably assign, and hereby do assign, to

General Mills any and all intellectual property rights in and to such Work Product, and all such

intellectual property rights shall be solely and exclusively owned by General Mills."Intellectual

property rights" means patent rights, copyrights, trade secret rights, trade dress rights, trademark

rights and all comparable rights throughout the world.

Duringmyemployment withGeneralMillsandanytime thereafter,I willtake allnecessarysteps,at

General Mills' request and expense, but without further compensation to me, to execute any

instruments necessary to enable General Mills or General Mills' nominee to register intellectual

property rights throughout the world.

After I leave General Mills, I agree to help General Mills in every way possible in any government

or legal proceedings pertaining to any General Mills intellectual property rights.

c)[*This Section 7.c. does not apply to California, Colorado, Minnesota, and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company,Iwillnotworkonanyproduct,brandcategory,process,orservice:(A)onwhichIworked,

or about which I had access to Confidential Information, in the year immediately preceding my

termination (including retirement) from General Mills, and (B) which competes with General Mills

products, brand categories, processes, or related services.

d) IagreethatforoneyearafterIleaveGeneralMills,includingretiringfromtheCompany,Iwillrefrain

from directly or indirectly soliciting Company employees forthe purpose of hiring them or inducing

them to leave their employment with the Company.

e) I agree thatafterIleaveGeneralMills, including retiringfromthe Company, Iwillindefinitelyrefrain

from using Company client or contact lists, and for two years I will refrain from soliciting the

Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Award,

termination and forfeiture of any unvested Units, and/or required payment to the Company of all or a

portion of any monetary gains acquired by the Participant as a result of the Award, unless the Award

vested and was settled more than four (4) years prior to the breach.The foregoing remedies are in

additionto,andnotinlieuofinjunctivereliefand/oranyotherlegalorequitableremediesavailableunder

applicable law.

8.**<u>Nature of</u><u>Grant</u>.** Inaccepting thePerformance Stock Units, theParticipant acknowledges and agrees

that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may

bemodified, amended, suspended orterminatedby the Company, in its sole discretion, at

any time (subject to any limitations set forth in the Plan);

(b)the Plan is operated and the Performance Stock Units are granted solely by the Company

and only the Company is a party to this Agreement; accordingly, any rights the Participant

may have under this Agreement may be raised only against the Company but not any

subsidiary or affiliate of the Company (including, but not limited to, the Employer);

(c)no subsidiary or affiliate of the Company (including, but not limited to, the Employer) has

any obligation to make any payment of any kind to the Participant under this Agreement;

(d)the grant of the Performance Stock Units is voluntary and occasionaland does not create

anycontractualorotherrighttoreceivefuturegrantsofPerformanceStockUnits,orbenefits

inlieuofPerformanceStockUnits,evenifPerformanceStockUnitssorotherawardshave

been granted in the past;

(e)all decisions with respect to future awards, if any, will be at the sole discretion of the

Company;

(f)theParticipant'sparticipationinthePlanisvoluntary;

(g)thePerformance Stock Units andthe Participant's participation in thePlan shallnot create

a right to employment or be interpreted as forming an employment contract with the

Company orany of its subsidiaries oraffiliates and shall not interfere with the ability of the

Company or the Employer, as applicable, to terminate the Participant's employment

relationship (as otherwise may be permitted under local law);

(h)unless otherwise agreed with the Company, the Performance Stock Units and any shares

of Stock acquired upon vesting of the Performance Stock Units, and the income from and

value of same, are not granted as consideration for, or in connection with, any service the

Participant may provide as a director of any subsidiary or affiliate of the Company;

(i)the Performance Stock Units and any shares of Stock acquired under the Plan and the

incomeand value of same, are not part of normal or expected compensation forpurposes

of calculating any severance, resignation, termination, redundancy, dismissal, end-of-

servicepayments,bonuses, long-serviceawards,pensionorretirementorwelfarebenefits

orsimilarpayments and innoevent should be considered as compensation for,orrelating

in any wayto, past servicesforthe Company, theEmployerorany subsidiary oraffiliateof

the Company;

(j)thefuturevalueofthesharesofStockunderlyingthePerformanceStockUnitsisunknown,

indeterminable, and cannot be predicted with certainty;

(k)upon vesting of the Performance Stock Units, the value of such shares of Stock may

increase or decrease in value;

(l)no claim or entitlement to compensation or damages shall arise from forfeiture of the

PerformanceStockUnitsresultingfrom(A)terminationoftheParticipant'semployment(for

any reason whatsoever and whether or not in breach of local labor laws or later found

invalid), and/or (B) from the application of any clawback or recoupment policy adopted by

theCompanyorimposedbyapplicable law,andinconsiderationof thePerformanceStock

Units,theParticipantagreesnottoinstituteanyclaimagainsttheCompanyortheEmployer;

(m)the Performance Stock Units and the benefits evidenced by this Agreement do not create

any entitlement not otherwise specifically provided for in the Plan or provided by the

Company in its discretion, to have the Performance Stock Units or any such benefits

transferred to, or assumed by, another company, nor to be exchanged, cashed out or

substituted for, in connection with any corporate transaction affecting the sharesof Stock;

and

(n)(n)neithertheCompanynoranyofitssubsidiariesoraffiliatesshallbeliableforanyforeign

exchange rate fluctuation between the Participant'slocal currencyand the U.S. dollar that

may affect thevalueof the Performance StockUnitsoranyamountsdue to theParticipant

pursuanttothevestingofthePerformanceStockUnitsorthesubsequentsaleofanyshares

of Stock acquired upon vesting of the Performance Stock Units

9.**<u>Data Privacy</u>.** If the Participant would like to participate in the Plan, the Participant will need to review

theinformationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttothe

processing of personal data by the Company and the third parties stated below.

IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnited

Kingdom, please note that General Mills, Inc. with registered address at One General Mills

Boulevard, Minneapolis, MN 55426-1347, is the controller responsible for the processing of the

Participant's personal data in connection with the Agreement and the Plan.

*a)<u>Data Collection and Usage.</u> The Company collects, processes, uses and transfers certain*

*personally-identifiable information about the Participant, specifically, the Participant's name, home*

*addressand telephone number, emailaddress, date of birth, socialinsurance, passportnumberor*

*otheridentificationnumber, salary,nationality, jobtitle,any sharesofStockordirectorships held in*

*the Company or any affiliated company, details of all Performance Stock Units or any other*

*entitlement to shares of Stock awarded, canceled, exercised, settled, vested, unvested or*

*outstanding in the Participant's favor, which the Company receives from the Participant or the*

*Employer (the "Data"). The Company collects, processes and uses the Data for the purposes of*

*performing its contractual obligations under this Agreement, implementing, administering and*

*managing the Participant's participation in the Plan and facilitating compliance with applicable tax*

*and securities law.*

*If the Participant is based in the EU, EEA or United Kingdom, the legal basis for the*

*processingoftheDatabythe Companyisthenecessityof theprocessingfortheCompany*

*toperformitscontractualobligationsunderthisAgreementandthePlanandtheCompany's*

*legitimate business interests of managing the Plan,administering employeeequityawards*

*and complying with its contractual and statutory obligations.*

*If the Participant is based in any otherjurisdiction, the legalbasis forthe processing of the*

*Data by the Company is the Participant's consent as further described below.*

*b)<u>Stock Plan Administration Service Providers.</u> The Company transfers Data to E\*TRADE Financial*

*CorporateServices,Inc.(includingitsaffiliated companies),an independentserviceproviderwhich*

*assists the Company with the implementation,administrationand managementof the Plan.In the*

*future, the Company may select a different service provider, which will in a similar manner, share*

*Data with such service provider. The Company's service provider will maintain an account for the*

*Participant to administer the Performance Stock Units. The processing of Data will take place*

*throughbothelectronicandnon-electronicmeans.Datawillonlybeaccessiblebythose individuals*

*requiring access to it for purposes of implementing, administering and operating the Plan.*

*c)<u>International</u><u>Data</u><u>Transfers.</u>TheCompanyanditsserviceprovidersarebasedintheUnitedStates*

*and India. The Participant's country or jurisdiction may have different data privacy laws and*

*protectionsthanthe UnitedStatesand India.An appropriatelevelofprotection canbeachievedby*

*implementing safeguards such as the Standard Contractual Clauses adopted by the EU*

*Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant'sjurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsservice*

*providers based on the Participant's consent, as further described below.*

*d)<u>Data</u><u>Retention.</u>TheCompanywillusetheDataonlyaslongasnecessarytoimplement,administer*

*and manage the Participant's participation in the Plan, or as required to comply with legal or*

*regulatory obligations, including tax and securities laws.When the Company no longer needs the*

*Data, the Company willremove it fromitssystems.Ifthe Company keeps data longer, it would be*

*to satisfy legal or regulatory obligations and the Company's legal basis would be relevant laws or*

*regulations (if the Participant is in the EU, EEA or United Kingdom)or the Participant's consent (if*

*the Participant is outside the EU, EEA or United Kingdom).*

*e)<u>Data Subject Rights.</u> The Participant may have a number of rights under data privacy laws in the*

*Participant's jurisdiction. Subject to the conditions set out in the applicable law and depending on*

*where the Participant is based, such rights may include the right to (i)request access to,orcopies*

*of, the Data processedby the Company, (ii)rectificationof incorrect Data, (iii)deletion of Data, (iv)*

*restrictions on the processing of Data, (v) object to the processing of Data for legitimate interests,*

*(vi) portability of Data, (vii) lodge complaints with competent authorities in the Participant's*

*jurisdiction,and/orto(viii)receivealistwiththenamesandaddressesofanypotential recipientsof*

*Data. To receive clarification regarding these rightsorto exercise these rights, the Participant can*

*contact HR Direct.*

*f)<u>Necessary Disclosure of Personal Data.</u> The Participant understands that providing the Company*

*with Data is necessary for the performance of the Agreement and that the Participant's refusal to*

*provide the Data would make it impossible for the Company to perform its contractual obligations*

*and may affect the Participant's ability to participate in the Plan.*

*g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom).</u> The*

*Participantherebyunambiguouslyconsentstothecollection,useandtransfer,inelectronicorother*

*form,oftheData,asdescribedaboveandinanyothergrantmaterials,byandamong,asapplicable,*

*theEmployer, theCompanyandanyaffiliatedcompanyforthe exclusivepurpose of implementing,*

*administeringandmanagingtheParticipant'sparticipationinthePlan.TheParticipantunderstands*

*that the Participant may, at any time, refuse or withdraw the consents herein, in any case without*

*cost, by contacting HR Direct.If the Participant does not consent or later seeks to revoke the*

*Participant's consent, the Participant's employment status or service with the Employer willnot be*

*affected; the Participant's consequence of refusing or withdrawing consent is that the Company*

*would not be able to award the Participant Performance Stock Units or any otherequity award to*

*theParticipantoradministerormaintain such awards.Therefore,the Participantunderstands that*

*refusing or withdrawing consent may affect the Participant's ability to participate in the Plan. For*

*more information on the consequences of refusal to consent or withdrawal of consent, the*

*Participant should contact HR Direct.*

10.**<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation

Clawback Policies.

11.**<u>Insider Trading; Market Abuse Laws</u>.** By participating in the Plan, the Participant agrees to comply

with the Company's policy on insider trading (to the extent that it is applicable to the Participant), the

Participant further acknowledges that, depending on the Participant's or his or her broker's country of

residence or where the shares of Stock are listed, the Participant may be subject to insider trading

restrictions and/ormarketabuse laws that may affect the Participant's ability toaccept, acquire, sell or

otherwisedisposeofsharesofStock,rightstosharesofStock(e.g.,PerformanceStockUnits)orrights

linked to the value of shares of Stock, during such times the Participant is considered to have "inside

information" regarding the Company as defined by the laws or regulations in the Participant's country.

Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the

Participantplacesbeforeheorshepossessedinsideinformation.Furthermore,theParticipantcouldbe

prohibited from (i) disclosing the inside information to any third party (other than on a "need to know"

basis)and (ii)"tipping"third parties orcausing them otherwise to buy orsellsecurities. The Participant

understandsthatthirdparties includefellowemployees.Anyrestrictionundertheselawsorregulations

areseparatefromandinadditiontoanyrestrictionsthatmaybeimposedunderanyapplicableCompany

insider trading policy. The Participant acknowledges that it is the Participant's responsibility to comply

with any applicable restrictions, and that the Participant should therefore consult the Participant's

personal advisor on this matter.

12.**<u>Electronic Delivery</u>.** The Participant agrees, to the fullest extent permitted by law, in lieu of receiving

documents in paper format, to accept electronic delivery of any documents that the Company and its

subsidiaries or affiliates may deliver in connection with this grant and any other grants offered by the

Company, including prospectuses, grant notifications,account statements,annualorquarterly reports,

and other communications. Electronic delivery of a document may be made via the Company's email

systemorbyreferencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany's

agentadministeringthePlan.Byacceptingthisgrant,whetherelectronicallyorotherwise,theParticipant

hereby consents to participate in the Plan through such system, intranet, or website, including but not

limitedtotheuseofelectronicsignaturesorclick-throughelectronicacceptanceoftermsandconditions.

13.**<u>English Language</u>.**TheParticipantacknowledgesandagrees that itis theParticipant'sexpressintent

that thisAgreementand thePlanand allother documents, notices and legal proceedingsentered into,

given or instituted pursuant to the Performance Stock Units be drawn up in English. To the extent the

ParticipanthasbeenprovidedwithacopyofthisAgreement, thePlan,oranyotherdocuments relating

to this Award in a language other than English, the English language documents will prevail in case of

any ambiguities or divergences as a result of translation, unless otherwise required under applicable

laws.

14.**<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Performance Stock Units shall be

subjecttoanyadditionalordifferenttermsandconditionssetforthintheCountry-SpecificAddendumto

thisAgreement(the"Addendum").Moreover,iftheParticipanttransferstooneofthecountriesincluded

in such Addendum, theadditional or different terms and conditions for such country will apply to the

Participant, to the extent the Company determines that the application of such terms and conditions is

necessary or advisable to comply with local law or facilitate the administration of the Plan (or the

Company may establish alternative terms and conditions as may be necessary or advisable to

accommodate the Participant's transfer). The Addendum constitutes part of this Agreement.

15.**<u>Not</u><u>a</u><u>Public</u><u>Offering</u>**.TheawardofthePerformanceStockUnitsisnotintendedtobeapublicoffering

of securities in the Participant's country of employment (or country of residence, if different). The

Company has not submitted any registration statement, prospectus or other filings with the local

securities authorities (unless otherwise required under local law), and the award of the Performance

Stock Units is not subject to the supervision of the local securities authorities. *No employee of the*

*Companyor anyof itssubsidiariesor affiliates ispermittedtoadvisethe Participanton whether he/she*

*should participate in the Plan. Acquiring shares of Stock involves a degree of risk. Before deciding to*

*participateinthePlan,theParticipantshouldcarefullyconsiderallriskfactorsrelevanttotheacquisition*

*of shares of Stock under the Plan and carefully reviewall of the materials related to the Performance*

*Stock Units and the Plan. In addition, the Participant should consult with his/her personal advisor for*

*professional investment advice.*

16.**<u>Repatriation; Compliance</u><u>with Law</u>**. The Participant agrees to repatriateall paymentsattributable to

thesharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchange

rules and regulations in the Participant'scountryofemployment (andcountry of residence, if different).

In addition, theParticipant agrees to takeanyand allactions,and consent toanyandall actions taken

bytheCompanyandanyofitssubsidiariesandaffiliates,asmayberequiredtoallowtheCompanyand

anyofitssubsidiariesandaffiliatestocomplywithlocallaws,rulesand/orregulationsintheParticipant's

countryofemployment(andcountryofresidence,ifdifferent).Finally,theParticipantagreestotakeany

andallactionsasmayberequiredtocomplywiththeParticipant'spersonalobligationsunderlocallaws,

rulesand/orregulationsintheParticipant'scountryofemploymentandcountryofresidence,ifdifferent).

17.**<u>Imposition</u><u>of</u><u>Other</u><u>Requirements</u>**.TheCompanyreservestherighttoimposeotherrequirementson

the Participant's participation in the Plan, on the Performance Stock Unit, and on any shares of Stock

acquiredunderthe Plan, to theextentthe Companydetermines it isnecessaryoradvisableforlegalor

administrativereasons,andtorequiretheParticipanttosignanyadditionalagreementsorundertakings

that may be necessary to accomplish the foregoing.

18.**<u>Committee's</u><u>Powers</u>**. No provision contained in thisAgreement shall in any wayterminate,modifyor

alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or

authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of

thePlanorresolutionsadoptedinfurtheranceofthePlan,including,withoutlimitation,therighttomake

certaindeterminationsandelectionswith respecttothePerformanceStock Unit.Anydispute regarding

the interpretation of this Agreement orthe terms of the Plan shallbe submitted to the Committee or its

delegate who shall have the discretionary authority to construe the terms of this Agreement, the Plan,

andalldocumentsancillarytothis Award.Thedecisionsofthe Committeeoritsdelegateshallbefinal

and binding and any reviewing court of law or other party shall defer to its decision, overruling if, and

onlyif,itisarbitraryandcapricious.InnowayisitintendedthatthisreviewstandardsubjectthePlanor

Award to the U.S. Employee Retirement Income Security Act.

19.**<u>Binding</u><u>Effect</u>**.ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe

Company and all persons lawfully claiming under the Participant.

20.**<u>Governing</u><u>Law</u><u>and</u><u>Forum</u>**.Withoutlimitingtheeffectofsection16,thisAgreementshallbegoverned

by, and construed in accordance with,the laws of the State of Delaware without regardto principles of

conflict of laws.

21.**<u>Severability</u>**. The provisions of this Agreement are severable and if any one ormore of the provisions

are determined to be illegal or otherwise unenforceable, in whole or in part, the Agreement shall be

reformed and construed so that it would be enforceable to the maximum extent legally possible, and if

it cannot be so reformed and construed, as if such unenforceable provision, orpart thereof, had never

been contained herein.

22.**<u>Waiver</u>**.ThewaiverbytheCompanywithrespecttoParticipant's(oranyotherparticipant's)compliance

withanyprovisionofthisAgreementshallnotoperateorbeconstruedasawaiverofanyotherprovision

of this Agreement, or of any subsequent breach by such party of a provision of thisAgreement.

A copyof the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is

availableon G&Mebysearching "2022StockCompensationPlan".Acopyof theCompany's latest

Annual Report on Form 10-K is also available on the Company's website at <u>https://</u>

<u>investors.generalmills.com/financial-information/sec-filings/default.aspx</u>.

**GENERALMILLS,INC.**

**GENERAL MILLS, INC. PERFORMANCE**

**STOCKUNITAWARDAGREEMENT**

---

| | |
|:---|:---|
| **GRANT DATE:** |  |
| **PARTICIPANT:** | [Officer] |
| **PERNR:** |  |
| **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** | **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** |
| **PERFORMANCEPERIOD:** |  |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |

---

**ThisAwardismadeundertheGeneralMills,Inc.2022StockCompensationPlan(the"Plan"), and is subject to the terms and conditions contained in the Plan document and this**

**PerformanceStockUnitAwardAgreement("Agreement").TheParticipant:(i)acknowledges**

**receipt of a copy of the Plan and Plan prospectus, (ii) represents that the Participant has**

**carefully read and is familiar with the provisions of this Agreement and the Plan, and (iii)**

**hereby accepts the Performance Stock Units subject to all of the terms and conditions set**

**forth herein, and in the Plan.If the Participant does not wish to receive the Performance**

**Stock Units and/or does not consent and agree to the terms and conditions on which the**

**Performance Stock Units are offered, as set forth in this Agreement and the Plan, then the**

**Participant must reject this Award via the website of the Company's designated broker, no**

**later than60 days followingtheGrantDate.Ifthe Participantrejects this Award, this Award**

**will immediately be forfeited and cancelled.The Participant's failure to reject this Award**

**within this 60 day period will constitute the Participant's acceptance of this Award and all**

**terms and conditions of this Award, as set forth in this Agreement and the Plan.**

**THIS AWARD, dated ontheabove Grant Date, is made byGeneral Mills, Inc.,(the "Company"), and** 

**madetothepersonnamedabove(the"Participant"orreferredtoas"I","you",or"my")("Award").**

1.**<u>Award</u><u>of</u><u>Units</u>.**Eachunitawardedrepresentstherighttoreceiveone shareoftheCompanycommon

stock,parvalueUSD0.10pershare("Stock").TheunitsgrantedpursuanttothisAgreementarereferred

toasthe"PerformanceStockUnits".ThenumberofPerformanceStockUnitsearnedbytheParticipant

forthePerformancePeriod willbedetermined atthe end ofthe PerformancePeriod basedon the level

of achievement against the Performance Measures and conditions in accordance with Attachment A.

ThenumberofsharesofStocktheParticipantispaidisdependentonthenumberofPerformanceStock

Units earned and satisfactory completion of the service requirements described herein. Whether, and

the extent to which Performance Measures have been satisfied at the end of the Performance Period

shallbe certified by the Compensation & Talent Committee before any payment is made, and all such

determinations shallbemadeby theCompensation &Talent Committee initssolediscretion.Foreach

Performance Stock Unitearned and vested, if any,at the Expiration Dateof the RestrictedPeriod,one

shareoftheCompany'sStockshallbeissuedtotheParticipantontheExpirationDateoftheRestricted

Period, subject to any additional restrictions or holding requirements in Attachment A. Except as

otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the

Plan.

2.**<u>Vesting</u><u>of</u><u>Performance</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**

a)**VestingSchedule**.ThePerformanceStockUnitsshallvestontheExpirationDateoftheRestricted

Period set forth above ("Vesting Date") subject to the terms of this Agreement and the Plan.

b)**Forfeiture of Performance Stock Units**. The Participant acknowledges that the Performance

Stock Units awarded hereunder are subject to forfeiture if the Participant's employment with the

Company or any subsidiary or affiliate of the Company terminates under certain circumstances

before the Vesting Date, as herein provided.

i)*Resignation or Termination for Cause.*If the Participant's employment with the Company or

any subsidiary oraffiliate of the Company is terminated by either (i) resignation, or (ii) a

discharge due to Participant's illegal activities,poorworkperformance,misconductorviolation

of theCompany's Code of Conduct,policiesorpractices,then thesePerformanceStock Units,

to the extent theyarenot fully vested asof the Termination Date, shallforno consideration be

cancelled and forfeited in their entirety. For the avoidance of doubt, "Termination Date" for

purposes of this Award willbe deemed to occuras of thedate Participant is no longeractively

providing services as an employee, unless otherwise determined by the Company in its sole

discretion, and no vesting shall continue during any notice period that may be specified under

contract or applicable law with respect to such termination, including any "garden leave" or

similar period, except as may otherwise be permitted in the Company's sole discretion.

ii)*Involuntary Termination.*If the Participant's employment with the Company or any subsidiary

or affiliated companies terminates involuntarily at the initiation of the Company forany reason

other than specified in Plan Section 11 (Change in Control), or (i) or (iv) in this section 2, and

upon the execution (without revoking) of an effective general legal release and such other

documents as are satisfactory to the Company, the following rules shall apply: if such

involuntary termination occurs before the end of the Company's fiscal year within which this

Award was granted, it shall vest in a pro-rata amount based on actualemployment completed

duringsaidfiscalyear.Butifsuchinvoluntaryterminationoccursaftertheendofthefiscalyear

in which it is awarded, then it shall vest fully.In either case, vested Performance Stock Units

shallbepaid (subjecttoanyadditionalrestrictionsorholdingrequirements inAttachmentA)on

theExpirationDateoftheRestrictedPeriod,withavalue,ifany,thatotherwisewouldbeearned

under the applicable Performance Measures established in Attachment A based on actual

performance.

iii)*Death.*If a Participant dies while employed by the Company or subsidiary oraffiliate of the

CompanyduringthePerformancePeriod,this Awardshallfully vestandshallbeconsideredto

beearnedinfull"attarget"asiftheapplicablePerformanceMeasuresestablishedinAttachment

A have been achieved at target, and settled and paid on the first day of the month following

death to the designated beneficiary or beneficiaries.

iv)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its solediscretion, shalldetermine the conversion, vesting,orothertreatmentof

theseAwards.SuchtreatmentshallbeconsistentwithCodeSection409A,andinparticularwill

take into account whethera separation from service has occurred within the meaning of Code

Section 409A.

3.**<u>Dividend Equivalents</u>.** Subject to any applicable provisions in Attachment A, any dividends or other

distributionsdeclaredpayableontheCompany'sStockonoraftertheGrantDateofthisAwarduntilthe

Award is settled and/or forfeited shall be credited notionally to the Participant in an amount equal to

such declared dividends or other distributions on an equivalent number of shares of Stock ("Dividend

Equivalents").Dividend Equivalents so credited shall be paid if, and only to the extent, the underlying

Performance Stock Units to which they relate become unrestricted and vest, as provided under the

terms of the Plan and this Agreement.Dividend Equivalents credited in respect toPerformance Stock

UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.No

interestorotherearnings shallbecreditedon DividendEquivalents.VestedDividendEquivalentsshall

be paid in cash at the same time as the underlying Performance Stock Units to which they relate are

settled.

4.**<u>Settlement of Performance Stock Units</u>.** Upon vesting of the Performance Stock Units, settlement

shall be completed as soon as administratively practicable but in no event later than 30 days after the

vestingdate,except wheresuch settlement followinga Section409ASeparationfromService requires

a six-month delay. The Company will provide for settlement in the form of shares of Stock. At the

Company'sdiscretion, additional restrictionsorholding requirementsmaybe imposed on settled Units

and Dividend Equivalents, if any.

5.**<u>Non-Transferability</u>**. The Performance Stock Units may not be sold, assigned, pledged, exchanged,

hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlan

or this Agreement.Upon any attempt to transfer, assign, pledge, hypothecateor otherwise disposeof

the Performance Stock Units or of such rights contrary to the provisions hereof or in the Plan, the

Performance Stock Units and such rights shall immediately become null and void.

6.**<u>Withholding</u><u>of</u><u>Tax</u>.**TheParticipantacknowledgesthat,regardlessofanyactiontakenbytheCompany

or, if different, the subsidiary oraffiliateof the Companythatemploys theParticipant (the "Employer"),

the ultimate liability for all income tax, social contributions, payroll tax, fringe benefits tax, payment on

account, hypotheticaltax orother tax-related items related to the Participant's participation in the Plan

and legally applicable tothe Participantordeemedby the Company ortheEmployerin theirdiscretion

tobeanappropriatechargetotheParticipanteveniflegallyapplicabletotheCompanyortheEmployer

("Tax-Related Items"), is and remains the Participant's responsibility and may exceed the amount

actuallywithheldbytheCompanyortheEmployer,ifany.TheParticipantfurtheracknowledgesthatthe

Companyand/or theEmployer (a)makeno representationsorundertakings regarding thetreatmentof

anyTax-RelatedItemsinconnectionwithanyaspectofthePerformanceStockUnits,including,butnot

limited to, thegrant, vesting, thesubsequent saleof sharesof Stockacquired pursuant to such vesting

and the receipt ofany dividends; and (b)do not commit to and are undernoobligation to structure the

termsofthegrantoranyaspectofthePerformanceStockUnitstoreduceoreliminatetheParticipant's

liability forTax-RelatedItemsorachieveanyparticulartaxresult.Further,iftheParticipant issubjectto

Tax-Related Items in more than one jurisdiction between the Grant Date and the date of any relevant

taxableortax withholding event,asapplicable,the Participant acknowledges thatthe Companyand/or

theEmployer(orformeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-Related

Items in more than one jurisdiction.

Priortothe relevant taxable ortax withholdingevent,asapplicable, theParticipantagrees tomake

adequatearrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-Related

Items. In this regard, unless otherwise approved by the Committee, the Company shall satisfy the

obligations with regard to all Tax-Related Items by one or a combination of the following: (i)

withholding from the Participant's wages orothercash compensationpaid to the Participantby the

Company and/or the Employer; (ii) withholding from the shares of Stock to be delivered upon

settlement of the Performance Stock Units or other awards granted to the Participant or (iii)

permittingtheParticipanttotendertothe Companycashor, ifallowedby theCommittee, sharesof

Stock.

Dependingonthewithholdingmethod,theCompanymaywithholdoraccountforTax-RelatedItems

by consideringapplicable statutorywithholding rates (asdetermined bythe Company in good faith

andinitssolediscretion)orotherapplicablewithholdingrates,includingmaximumapplicablerates,

in which case the Participant will receive a refund of any over-withheld amount and will have no

entitlementtotheshareequivalent.IftheobligationforTax-RelatedItemsissatisfiedbywithholding

from the shares of Stock to be delivered upon vesting of the Performance Stock Units, for tax

purposes,theParticipantisdeemedtohavebeen issuedthefullnumberof sharesofStocksubject

to the Performance Stock Units, notwithstanding that a number of shares of Stock are held back

solely for the purpose of paying the Tax-Related Items. The Participant will have no further rights

with respect to any shares of Stock that are retained by the Company pursuant to this provision.

The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items

that the Company or the Employer may be required to withhold or account for as a result of the

Participant'sparticipationinthePlanthatcannotbesatisfiedbythemeanspreviouslydescribed.

TheCompanymayrefusetoissueordeliversharesofStockorproceedsfromthesaleofsharesof

Stockuntilarrangementssatisfactoryto theCompanyhavebeenmade in connection withthe Tax-

Related Items.

7.**<u>Restrictive Covenants; Confidential Information; Work Product</u>.** The Participant agrees to

cooperate with the Company in any way needed in order to comply with, orfulfillthe terms of the Plan

and this Award document.As a term and condition of this Award, Participant agrees to the following

terms:

(a)IagreetouseGeneralMillsConfidentialInformationonlyasneededintheperformance

ofmyduties,tohold and protect such informationas confidentialtothe Company,and

nottoengage in any unauthorizeduseordisclosureof such information forso longas

suchinformationqualifiesasConfidentialInformation.Iagreethataftermyemployment

withtheCompanyterminatesforanyreason,including"retirement"asthattermisused

in the Plan, I will not use or disclose, directly or indirectly, Company Confidential

Information or trade secrets for any purpose, unless I get the prior written consent of

my manager to do so.

This documentdoes not preventme from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including thisdocument, unless such information islegallyprotected from

disclosure to third parties.I do not need prior company authorization to take these

actions, nor must I notify the company I have done so.

Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunder

any federal or state trade secret law for making a trade secret disclosure: (A) in

confidence to a federal, state, or local government official, either directly or indirectly,

or to an attorney, solely for the purpose of reporting or investigating a suspected

violation of law; or (B) in a complaint or other document filed in a lawsuit or other

proceeding, if such filing is made under seal.

General Mills Confidential Information means any non-public information I create,

receive, use orobserve in the performance of my job at General Mills, including trade

secrets.Examples of Confidential Information include marketing, merchandising,

businessplans,businessmethods,pricing,purchasing,licensing,contracts,employee,

supplier or customer information, customer, vendor or partner client or contact lists,

financial data, technological developments, manufacturing processes and

specifications, product formulas, ingredient specifications,softwarecode, andallother

proprietary information which is not publicly available to others.

PriortoleavingtheCompany,Iagreetoreturnallmaterialsinmypossessioncontaining

Confidential Information, as well as all other documents and other tangible items

providedtomebyGeneralMills,ordevelopedbymeinconnectionwithmyemployment

with the Company.

b) IagreetopromptlytellGeneralMillsaboutanyideas,concepts,improvements,designs,inventions,

discoveries,and creative works(collectively, "WorkProduct")whichI conceiveorcreate during my

employment with General Mills which relate to General Mills' businesses.

I further agree to immediately, automatically and irrevocably assign, and hereby do assign, to

General Mills any and all intellectual property rights in and to such Work Product, and all such

intellectual property rights shall be solely and exclusively owned by General Mills."Intellectual

property rights" means patent rights, copyrights, trade secret rights, trade dress rights, trademark

rights and all comparable rights throughout the world.

Duringmyemployment withGeneralMillsandanytime thereafter,I willtake allnecessarysteps,at

General Mills' request and expense, but without further compensation to me, to execute any

instruments necessary to enable General Mills or General Mills' nominee to register intellectual

property rights throughout the world.

After I leave General Mills, I agree to help General Mills in every way possible in any government

or legal proceedings pertaining to any General Mills intellectual property rights.

c)[*This Section 7.c. does not apply to California, Colorado, Minnesota, and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company,Iwillnotworkonanyproduct,brandcategory,process,orservice:(A)onwhichIworked,

or about which I had access to Confidential Information, in the year immediately preceding my

termination (including retirement) from General Mills, and (B) which competes with General Mills

products, brand categories, processes, or related services.

d) IagreethatforoneyearafterIleaveGeneralMills,includingretiringfromtheCompany,Iwillrefrain

from directly or indirectly soliciting Company employees forthe purpose of hiring them or inducing

them to leave their employment with the Company.

e) I agree thatafterIleaveGeneralMills, including retiringfromthe Company, Iwillindefinitelyrefrain

from using Company client or contact lists, and for two years I will refrain from soliciting the

Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Award,

termination and forfeiture of any unvested Units, and/or required payment to the Company of all or a

portion of any monetary gains acquired by the Participant as a result of the Award, unless the Award

vested and was settled more than four (4) years prior to the breach.The foregoing remedies are in

additionto,andnotinlieuofinjunctivereliefand/oranyotherlegalorequitableremediesavailableunder

applicable law.

8.**<u>Nature of</u><u>Grant</u>.** Inaccepting thePerformance Stock Units, theParticipant acknowledges and agrees

that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may

bemodified, amended, suspended orterminatedby the Company, in its sole discretion, at

any time (subject to any limitations set forth in the Plan);

(b)the Plan is operated and the Performance Stock Units are granted solely by the Company

and only the Company is a party to this Agreement; accordingly, any rights the Participant

may have under this Agreement may be raised only against the Company but not any

subsidiary or affiliate of the Company (including, but not limited to, the Employer);

(c)no subsidiary or affiliate of the Company (including, but not limited to, the Employer) has

any obligation to make any payment of any kind to the Participant under this Agreement;

(d)the grant of the Performance Stock Units is voluntary and occasionaland does not create

anycontractualorotherrighttoreceivefuturegrantsofPerformanceStockUnits,orbenefits

inlieuofPerformanceStockUnits,evenifPerformanceStockUnitssorotherawardshave

been granted in the past;

(e)all decisions with respect to future awards, if any, will be at the sole discretion of the

Company;

(f)theParticipant'sparticipationinthePlanisvoluntary;

(g)thePerformance Stock Units andthe Participant's participation in thePlan shallnot create

a right to employment or be interpreted as forming an employment contract with the

Company orany of its subsidiaries oraffiliates and shall not interfere with the ability of the

Company or the Employer, as applicable, to terminate the Participant's employment

relationship (as otherwise may be permitted under local law);

(h)unless otherwise agreed with the Company, the Performance Stock Units and any shares

of Stock acquired upon vesting of the Performance Stock Units, and the income from and

value of same, are not granted as consideration for, or in connection with, any service the

Participant may provide as a director of any subsidiary or affiliate of the Company;

(i)the Performance Stock Units and any shares of Stock acquired under the Plan and the

incomeand value of same, are not part of normal or expected compensation forpurposes

of calculating any severance, resignation, termination, redundancy, dismissal, end-of-

servicepayments,bonuses, long-serviceawards,pensionorretirementorwelfarebenefits

orsimilarpayments and innoevent should be considered as compensation for,orrelating

in any wayto, past servicesforthe Company, theEmployerorany subsidiary oraffiliateof

the Company;

(j)thefuturevalueofthesharesofStockunderlyingthePerformanceStockUnitsisunknown,

indeterminable, and cannot be predicted with certainty;

(k)upon vesting of the Performance Stock Units, the value of such shares of Stock may

increase or decrease in value;

(l)no claim or entitlement to compensation or damages shall arise from forfeiture of the

PerformanceStockUnitsresultingfrom(A)terminationoftheParticipant'semployment(for

any reason whatsoever and whether or not in breach of local labor laws or later found

invalid), and/or (B) from the application of any clawback or recoupment policy adopted by

theCompanyorimposedbyapplicable law,andinconsiderationof thePerformanceStock

Units,theParticipantagreesnottoinstituteanyclaimagainsttheCompanyortheEmployer;

(m)the Performance Stock Units and the benefits evidenced by this Agreement do not create

any entitlement not otherwise specifically provided for in the Plan or provided by the

Company in its discretion, to have the Performance Stock Units or any such benefits

transferred to, or assumed by, another company, nor to be exchanged, cashed out or

substituted for, in connection with any corporate transaction affecting the sharesof Stock;

and

(n)neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign

exchange rate fluctuation between the Participant'slocal currencyand the U.S. dollar that

may affect thevalueof the Performance StockUnitsoranyamountsdue to theParticipant

pursuanttothevestingofthePerformanceStockUnitsorthesubsequentsaleofanyshares

of Stock acquired upon vesting of the Performance Stock Units.

9.**<u>Data Privacy</u>.** If the Participant would like to participate in the Plan, the Participant will need to review

theinformationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttothe

processing of personal data by the Company and the third parties stated below.

IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnited

Kingdom, please note that General Mills, Inc. with registered address at One General Mills

Boulevard, Minneapolis, MN 55426-1347, is the controller responsible for the processing of the

Participant's personal data in connection with the Agreement and the Plan.

*a)<u>Data Collection and Usage.</u> The Company collects, processes, uses and transfers certain*

*personally-identifiable information about the Participant, specifically, the Participant's name, home*

*addressand telephone number, emailaddress, date of birth, socialinsurance, passportnumberor*

*otheridentificationnumber, salary,nationality, jobtitle,any sharesofStockordirectorships held in*

*theCompanyorany its subsidiariesoraffiliates,detailsofallPerformanceStock Unitsoranyother*

*entitlement to shares of Stock awarded, canceled, exercised, settled, vested, unvested or*

*outstanding in the Participant's favor, which the Company receives from the Participant or the*

*Employer (the "Data"). The Company collects, processes and uses the Data for the purposes of*

*performing its contractual obligations under this Agreement, implementing, administering and*

*managing the Participant's participation in the Plan and facilitating compliance with applicable tax*

*and securities law.*

*If the Participant is based in the EU, EEA or United Kingdom, the legal basis for the*

*processingoftheDatabythe Companyisthenecessityof theprocessingfortheCompany*

*toperformitscontractualobligationsunderthisAgreementandthePlanandtheCompany's*

*legitimate business interests of managing the Plan,administering employeeequityawards*

*and complying with its contractual and statutory obligations.*

*If the Participant is based in any otherjurisdiction, the legalbasis forthe processing of the*

*Data by the Company is the Participant's consent as further described below.*

*b)<u>Stock Plan Administration Service Providers.</u> The Company transfers Data to E\*TRADE Financial*

*CorporateServices,Inc.(includingitsaffiliated companies),an independentserviceproviderwhich*

*assists the Company with the implementation,administrationand managementof the Plan.In the*

*future, the Company may select a different service provider, which will in a similar manner, share*

*Data with such service provider. The Company's service provider will maintain an account for the*

*Participant to administer the Performance Stock Units. The processing of Data will take place*

*throughbothelectronicandnon-electronicmeans.Datawillonlybeaccessiblebythose individuals*

*requiring access to it for purposes of implementing, administering and operating the Plan.*

*c)<u>International</u><u>Data</u><u>Transfers.</u>TheCompanyanditsserviceprovidersarebasedintheUnitedStates*

*and India. The Participant's country or jurisdiction may have different data privacy laws and*

*protectionsthanthe UnitedStatesand India.An appropriatelevelofprotection canbeachievedby*

*implementing safeguards such as the Standard Contractual Clauses adopted by the EU*

*Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant'sjurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsservice*

*providers based on the Participant's consent, as further described below.*

*d)<u>Data</u><u>Retention.</u>TheCompanywillusetheDataonlyaslongasnecessarytoimplement,administer*

*and manage the Participant's participation in the Plan, or as required to comply with legal or*

*regulatory obligations, including tax and securities laws.When the Company no longer needs the*

*Data, the Company willremove it fromitssystems.Ifthe Company keeps data longer, it would be*

*to satisfy legal or regulatory obligations and the Company's legal basis would be relevant laws or*

*regulations (if the Participant is in the EU, EEA or United Kingdom)or the Participant's consent (if*

*the Participant is outside the EU, EEA or United Kingdom).*

*e)<u>Data Subject Rights.</u> The Participant may have a number of rights under data privacy laws in the*

*Participant's jurisdiction. Subject to the conditions set out in the applicable law and depending on*

*where the Participant is based, such rights may include the right to (i)request access to,orcopies*

*of, the Data processedby the Company, (ii)rectificationof incorrect Data, (iii)deletion of Data, (iv)*

*restrictions on the processing of Data, (v) object to the processing of Data for legitimate interests,*

*(vi) portability of Data, (vii) lodge complaints with competent authorities in the Participant's*

*jurisdiction,and/orto(viii)receivealistwiththenamesandaddressesofanypotential recipientsof*

*Data. To receive clarification regarding these rightsorto exercise these rights,the Participantcan* 

*contact HR Direct.*

*f)<u>Necessary Disclosure of Personal Data.</u> The Participant understands that providing the Company*

*with Data is necessary for the performance of the Agreement and that the Participant's refusal to*

*provide the Data would make it impossible for the Company to perform its contractual obligations*

*and may affect the Participant's ability to participate in the Plan.*

*g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom).</u> The*

*Participantherebyunambiguouslyconsentstothecollection,useandtransfer,inelectronicorother*

*form,oftheData,asdescribedaboveandinanyothergrantmaterials,byandamong,asapplicable,*

*theEmployer,theCompanyandanysubsidiaryoraffiliateoftheCompanyfortheexclusivepurpose*

*of implementing, administering and managing the Participant's participation in the Plan. The*

*Participant understands that the Participant may, at any time, refuse or withdraw the consents*

*herein, in any case without cost, by contacting HR Direct.If the Participant does not consent or*

*laterseeksto revoke theParticipant's consent, theParticipant's employment status orservice with*

*theEmployerwillnotbeaffected;theParticipant'sconsequenceofrefusingorwithdrawingconsent*

*is that the Company would not be able to award the Participant Performance Stock Units or any*

*other equity award to the Participant or administer or maintain such awards.Therefore, the*

*Participant understands that refusing or withdrawing consent mayaffect the Participant's ability to*

*participate in the Plan. For more information on the consequences of refusal to consent or*

*withdrawal of consent, the Participant should contact HR Direct.*

10.**<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation

Clawback Policies.

11.**<u>Insider Trading; Market Abuse Laws</u>.** By participating in the Plan, the Participant agrees to comply

with the Company's policy on insider trading (to the extent that it is applicable to the Participant), the

Participant further acknowledges that, depending on the Participant's or his or her broker's country of

residence or where the shares of Stock are listed, the Participant may be subject to insider trading

restrictions and/ormarketabuse laws that may affect the Participant's ability toaccept, acquire, sell or

otherwisedisposeofsharesofStock,rightstosharesofStock(e.g.,PerformanceStockUnits)orrights

linked to the value of shares of Stock, during such times the Participant is considered to have "inside

information" regarding the Company as defined by the laws or regulations in the Participant's country.

Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the

Participantplacesbeforeheorshepossessedinsideinformation.Furthermore,theParticipantcouldbe

prohibited from (i) disclosing the inside information to any third party (other than on a "need to know"

basis)and (ii)"tipping"third parties orcausing them otherwise to buy orsellsecurities. The Participant

understandsthatthirdparties includefellowemployees.Anyrestrictionundertheselawsorregulations

areseparatefromandinadditiontoanyrestrictionsthatmaybeimposedunderanyapplicableCompany

insider trading policy. The Participant acknowledges that it is the Participant's responsibility to comply

with any applicable restrictions, and that the Participant should therefore consult the Participant's

personal advisor on this matter.

12.**<u>Electronic Delivery</u>.** The Participant agrees, to the fullest extent permitted by law, in lieu of receiving

documents in paper format, to accept electronic delivery of any documents that the Company and its

subsidiaries or affiliates may deliver in connection with this grant and any other grants offered by the

Company, including prospectuses, grant notifications,account statements,annualorquarterly reports,

and other communications. Electronic delivery of a document may be made via the Company's email

systemorbyreferencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany's

agentadministeringthePlan.Byacceptingthisgrant,whetherelectronicallyorotherwise,theParticipant

hereby consents to participate in the Plan through such system, intranet, or website, including but not

limitedtotheuseofelectronicsignaturesorclick-throughelectronicacceptanceoftermsandconditions.

13.**<u>English Language</u>.**TheParticipantacknowledgesandagrees that itis theParticipant'sexpressintent

that thisAgreementand thePlanand allother documents, notices and legal proceedingsentered into,

given or instituted pursuant to the Performance Stock Units be drawn up in English. To the extent the

ParticipanthasbeenprovidedwithacopyofthisAgreement, thePlan,oranyotherdocuments relating

to this Award in a language other than English, the English language documents will prevail in case of

any ambiguities or divergences as a result of translation, unless otherwise required under applicable

laws.

14.**<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Performance Stock Units shall be

subjecttoanyadditionalordifferenttermsandconditionssetforthintheCountry-SpecificAddendumto

thisAgreement(the"Addendum").Moreover,iftheParticipanttransferstooneofthecountriesincluded

in such Addendum, the additional or different terms and conditions for such country will apply to the

Participant, to the extent the Company determines that the application of such terms and conditions is

necessary or advisable to comply with local law or facilitate the administration of the Plan (or the

Company may establish alternative terms and conditions as may be necessary or advisable to

accommodate the Participant's transfer). The Addendum constitutes part of this Agreement.

15.**<u>Not</u><u>a</u><u>Public</u><u>Offering</u>**.TheawardofthePerformanceStockUnitsisnotintendedtobeapublicoffering

of securities in the Participant's country of employment (or country of residence, if different). The

Company has not submitted any registration statement, prospectus or other filings with the local

securities authorities (unless otherwise required under local law), and the award of the Performance

Stock Units is not subject to the supervision of the local securities authorities. *No employee of the*

*CompanyoranyofitssubsidiariesandaffiliatesispermittedtoadvisetheParticipantonwhetherhe/she*

*should participate in the Plan. Acquiring shares of Stock involves a degree of risk. Before deciding to*

*participateinthePlan,theParticipantshouldcarefullyconsiderallriskfactorsrelevanttotheacquisition*

*of shares of Stock under the Plan and carefully reviewall of the materials related to the Performance*

*Stock Units and the Plan. In addition, the Participant should consult with his/her personal advisor for*

*professional investment advice.*

16.**<u>Repatriation; Compliance</u><u>with Law</u>**. The Participant agrees to repatriateall paymentsattributable to

thesharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchange

rules and regulations in the Participant'scountryofemployment (andcountry of residence, if different).

In addition, theParticipant agrees to takeanyand allactions,and consent toanyandall actions taken

by the Companyand any of its subsidiariesoraffiliates, asmay be required to allowthe Companyand

anyofitssubsidiariesandaffiliatestocomplywithlocallaws,rulesand/orregulationsintheParticipant's

countryofemployment(andcountryofresidence,ifdifferent).Finally,theParticipantagreestotakeany

andallactionsasmayberequiredtocomplywiththeParticipant'spersonalobligationsunderlocallaws,

rulesand/orregulationsintheParticipant'scountryofemploymentandcountryofresidence,ifdifferent).

17.**<u>Imposition</u><u>of</u><u>Other</u><u>Requirements</u>**.TheCompanyreservestherighttoimposeotherrequirementson

the Participant's participation in the Plan, on the Performance Stock Unit, and on any shares of Stock

acquiredunderthe Plan, to theextentthe Companydetermines it isnecessaryoradvisableforlegalor

administrativereasons,andtorequiretheParticipanttosignanyadditionalagreementsorundertakings

that may be necessary to accomplish the foregoing.

18.**<u>Committee's</u><u>Powers</u>**. No provision contained in this Agreement shall in any way terminate,modify or

alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or

authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of

thePlanorresolutionsadoptedinfurtheranceofthePlan,including,withoutlimitation,therighttomake

certaindeterminationsandelectionswith respecttothePerformanceStock Unit.Anydispute regarding

the interpretation of this Agreement orthe terms of the Plan shallbe submitted to the Committee or its

delegate who shall have the discretionary authority to construe the terms of this Agreement, the Plan,

andalldocumentsancillarytothis Award.Thedecisionsofthe Committeeoritsdelegateshallbefinal

and binding and any reviewing court of law or other party shall defer to its decision, overruling if, and

onlyif,itisarbitraryandcapricious.InnowayisitintendedthatthisreviewstandardsubjectthePlanor

Award to the U.S. Employee Retirement Income Security Act.

19.**<u>Binding</u><u>Effect</u>**.ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe

Company and all persons lawfully claiming under the Participant.

20.**<u>Governing</u><u>Law</u><u>and</u><u>Forum</u>**.Withoutlimitingtheeffectofsection16,thisAgreementshallbegoverned

by, and construed in accordance with,the laws of the State of Delaware without regardto principles of

conflict of laws.

21.**<u>Severability</u>**. The provisions of this Agreement are severable and if any one ormore of the provisions

are determined to be illegal or otherwise unenforceable, in whole or in part, the Agreement shall be

reformed and construed so that it would be enforceable to the maximum extent legally possible, and if

it cannot be so reformed and construed, as if such unenforceable provision, orpart thereof, had never

been contained herein.

22.**<u>Waiver</u>**.ThewaiverbytheCompanywithrespecttoParticipant's(oranyotherparticipant's)compliance

withanyprovisionofthisAgreementshallnotoperateorbeconstruedasawaiverofanyotherprovision

of this Agreement, or of any subsequent breach by such party of a provision of thisAgreement.

A copyof the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is

availableon G&Mebysearching "2022StockCompensationPlan".Acopyof theCompany's latest

Annual Report on Form 10-K is also available on the Company's website at <u>https://</u>

<u>investors.generalmills.com/financial-information/sec-filings/default.aspx</u>

**GENERALMILLS,INC.**

**GENERAL MILLS, INC.** 

**RESTRICTEDSTOCKUNITAWARD**

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| | | |
|:---|:---|:---|
| **GRANT DATE:** | **GRANT DATE:** | **GRANT DATE:** |
| **PARTICIPANT:** | **PARTICIPANT:** | [CEO] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** |
| **THIS AWARD, dated onthe above Grant Date, is made by General Mills, Inc.(the "Company"), and made to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated onthe above Grant Date, is made by General Mills, Inc.(the "Company"), and made to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated onthe above Grant Date, is made by General Mills, Inc.(the "Company"), and made to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. |
| 2. | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** |
|  | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary or affiliate of the Company terminates under certain circumstances before the<br>respective Scheduled Vesting Dates, as herein provided. | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary or affiliate of the Company terminates under certain circumstances before the<br>respective Scheduled Vesting Dates, as herein provided. |

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(i)*TerminationforCause.*IftheParticipant'semploymentwiththe Companyoranysubsidiary

ofaffiliateofthe Company isterminatedbya dischargeduetoParticipant's illegalactivities,

poorworkperformance,misconductorviolationoftheCompany'sCodeofConduct,policies

or practices, then these Restricted Stock Units, to the extent they are not fully vested as of

the Termination Date, shall for no consideration be cancelled and forfeited in their entirety.

Fortheavoidanceofdoubt,"TerminationDate"forpurposesofthisAwardwillbedeemedto

occur as of the date Participant is no longer actively providing services as an employee,

unless otherwise determined by the Company in its sole discretion, and no vesting shall

continueduringanynoticeperiodthatmaybespecifiedundercontractorapplicablelawwith

respect to such termination, including any "garden leave" or similar period, except as may

otherwise be permitted in the Company's sole discretion.

(ii)*Involuntary Termination/Early Retirement.*If theParticipant's employment by the Company

terminates involuntarily at the initiation of the Company or any subsidiary of affiliate of the

Companyforany reasonotherthanspecified in PlanSection11, or(i), (iv)or(v)hereinorif

the Participant retires on or after age 55 but before age 62, the unvested Restricted Stock

Units that are in the tranche with a Scheduled Vesting Date within 12 months of the

Termination Date shall vest, in an amount equal to the pro-rata amount based on

employment completed during the relevant 12 month tranche vesting period. All other

unvested Restricted Stock Units shall be forfeited as of the Termination Date. Restricted

Stock Units that vestunderthis paragraph shall bepaid (ordeferred, if properly elected)on

the respective ScheduledVesting Date otherwise applicable to such tranche. No Restricted

StockUnitsshallvestuponinvoluntaryterminationunderthisprovisionwithouttheexecution

(without revoking) of an effective general legal release and such other documents as are

satisfactory to the Company.

(iii)*Death*.Ifa Participantdies while employedby the Company orany subsidiaryof affiliateof

the Company during any applicable vesting period, this Award shall become fully vested,

effective as of the date of death,and shall be paid as of the first day of the month following

death to the designated beneficiary or beneficiaries, or to the Participant's estate if no

beneficiary is appropriately designated.

(iv)*NormalRetirement.*IftheterminationofemploymentisduetotheParticipant'sretirementon

or after age 62, all Restricted Stock Units in unvested tranches shall vest, and be paid (or

deferred, if properly elected) on each tranche's respective Scheduled Vesting Date.

Notwithstandingtheabove,iftheTerminationDateiswithintwelvemonthsoftheGrantDate,

the Award shall not fully vest but rather vest on a pro rata basis based on employment

completed since Grant Date to the Termination Date within the first year of the Restricted

Period. Restricted Stock Units that vest under this paragraph shall be paid (or deferred, if

properly elected) on the respective Scheduled Vesting Date otherwise applicable to such

tranche. Notwithstanding the above, the terms of this paragraph shall not apply to a

Participant who, prior to a Change of Control, is terminated for cause as described in

paragraph (b)(i) above.

(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in itssole discretion,shalldeterminethe conversion,vesting,orothertreatment

of these Awards. Such treatment shall be consistent with Code Section409A, and in

particular will take into account whether a separation from service has occurred within the

meaning of Code Section 409A.

3.**<u>Dividend Equivalents</u>.** Any dividends or other distributions declared payable on the Company's Stock on or

after the Grant Date of this Award until the Award is settled and/orforfeited shall be credited notionally to the

Participant in an amount equal to such declared dividends or other distributions on an equivalent number of

sharesofStock("DividendEquivalents").DividendEquivalentssocreditedshallbepaidif,andonlytothe

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| | |
|:---|:---|
|  | extent, the underlying Restricted Stock Units to which they relate become unrestricted and vest, as provided<br>underthetermsof thePlan and thisAgreement.Dividend Equivalentscredited in respectto RestrictedStock<br>UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.Nointerest<br>orotherearningsshallbecreditedonDividendEquivalents.VestedDividendEquivalentsshallbepaidincash<br>at the same time as the underlying Restricted Stock Units to which they relate.<br>|
| 4. | **<u>Settlement</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units</u>.**Settlementshallbecompletedassoonasadministrativelypracticable<br>but in no event later than 30 days after the date on which payment is supposed to be made under this<br>Agreement, except where such settlement following a Section 409A Separation from Service requires a six-<br>month delay. The Company will provide for settlement in the form of shares of Stock.<br>|
| 5. | **<u>Non-Transferability</u>**. The Restricted Stock Units may not be sold, assigned, pledged, exchanged,<br>hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlanorthis<br>Agreement.Uponanyattempt to transfer,assign,pledge,hypothecateorotherwise disposeofthe Restricted<br>Stock Units or of such rights contrary to the provisions hereof or in the Plan, the Restricted Stock Units and<br>such rights shall immediately become null and void.<br>|
| 6. | **<u>Withholding of</u><u>Tax</u>**.TheParticipantacknowledgesthat, regardlessofanyactiontakenby theCompanyor,if<br>different,the subsidiaryoraffiliateofthe Companythatemploys theParticipant(the "Employer"), the ultimate<br>liabilityforallincometax,socialcontributions,payrolltax,fringebenefitstax,paymentonaccount,hypothetical<br>tax or other tax-related items related to the Participant's participation in the Plan and legally applicable to the<br>Participant or deemed by the Company or the Employer in their discretion to be an appropriate charge to the<br>ParticipanteveniflegallyapplicabletotheCompanyortheEmployer("Tax-RelatedItems"),isandremainsthe<br>Participant's responsibility and may exceed the amount actually withheld by the Company orthe Employer, if<br>any.TheParticipantfurtheracknowledgesthattheCompanyand/ortheEmployer(a) makenorepresentations<br>or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the<br>Restricted Stock Units, including,butnot limitedto, the grant, vesting, thesubsequent saleof shares of Stock<br>acquiredpursuanttosuchvestingandthereceiptofanydividends;and(b)donotcommittoandareunderno<br>obligationtostructurethetermsof thegrantoranyaspectof the Restricted StockUnits to reduceoreliminate<br>theParticipant's liability for Tax-RelatedItemsor achieveanyparticular tax result.Further, if theParticipant is<br>subjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrantDateandthedateofanyrelevant<br>taxable or tax withholding event, as applicable, the Participant acknowledges that the Company and/or the<br>Employer(orformeremployer, as applicable)maybe requiredtowithholdoraccount forTax-Related Itemsin<br>more than one jurisdiction.<br>Prior to the relevant taxable ortax withholding event, as applicable, the Participant agrees to make adequate<br>arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,<br>unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-<br>Related Items by one or a combination of the following: (i) withholding from the Participant's wages or other<br>cash compensation paid to the Participant by the Company and/or the Employer; (ii) withholding from the<br>shares of Stock to be delivered upon settlement of the Restricted Stock Units or otherawards granted to the<br>Participant or (iii) permitting the Participant to tender to the Company cash or, if allowed by the Committee,<br>shares of Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by<br>consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole<br>discretion) or other applicable withholding rates, including maximum applicable rates, in which case the<br>Participant will receive a refund of any over-withheld amount and will have no entitlement to the share<br>equivalent. If the obligation for Tax-Related Items is satisfied by withholding from the shares of Stock to be<br>deliveredupon vestingof theRestrictedStock Units,fortaxpurposes,theParticipant isdeemedto havebeen<br>issued thefullnumberof shares of Stocksubjecttothe RestrictedStock Units,notwithstanding thatanumber<br>of shares of Stock are held back solely for the purpose of paying the Tax-Related Items. The Participant will<br>havenofurther rights withrespect to any shares of Stock that areretainedby the Company pursuant to this<br>provision.<br>|

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|:---|:---|
|  | The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items that the<br>CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheParticipant'sparticipation<br>in the Plan that cannot be satisfiedby themeans previously described. The Companymay refuse to issue or<br>deliver shares of Stock or proceeds from the sale of shares of Stock until arrangements satisfactory to the<br>Company have been made in connection with the Tax-Related Items.<br>|
| 7. | **<u>Restrictive Covenants;</u><u>Confidential</u><u>Information;</u><u>Work</u><u>Product</u>**.The Participantagreesto cooperate with<br>the Company in any way needed in order to comply with, or fulfill the terms of the Plan and this Award<br>document.As a term and condition of this Award, Participant agrees to the following terms:<br>a.IagreetouseGeneralMills Confidential Informationonlyasneededintheperformanceofmy<br>duties,toholdandprotectsuchinformationasconfidentialtotheCompany,andnottoengage<br>in any unauthorized use or disclosure of such information for so long as such information<br>qualifies as Confidential Information. I agree that after my employment with the Company<br>terminatesforanyreason, including "retirement"asthatterm isusedinthePlan,Iwill notuse<br>or disclose, directly or indirectly, Company Confidential Information or trade secrets for any<br>purpose, unless I get the prior written consent of mymanager to do so.<br>This document does not prevent me from filing a complaint with a government agency<br>(including the Securities and Exchange Commission, Department of Justice, Equal<br>Employment Opportunity Commission and others) or from participating in an agency<br>proceeding. This document also does not prevent me from providing an agency with<br>information, including this document, unless such information is legally protected from<br>disclosure to third parties.I do not need prior company authorization to take these actions,<br>nor must I notify the company I have done so.<br>Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any<br>federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a<br>federal, state,orlocalgovernment official,eitherdirectly orindirectly, orto an attorney, solely<br>forthepurpose of reporting orinvestigating a suspected violation of law;or(B)in acomplaint<br>or other document filed in a lawsuit or other proceeding, if such filing is made underseal.<br>GeneralMillsConfidentialInformationmeansanynon-publicinformationIcreate,receive,use<br>or observe in the performance ofmy job at General Mills, including trade secrets.Examples<br>of Confidential Information include marketing, merchandising, business plans, business<br>methods,pricing,purchasing,licensing,contracts,employee,supplierorcustomerinformation,<br>customer, vendororpartnerclientorcontact lists, financialdata, technologicaldevelopments,<br>manufacturing processes and specifications, product formulas, ingredient specifications,<br>software code, and all other proprietary information which is not publicly available to others.<br>Prior to leaving the Company, I agree to return all materials in my possession containing<br>ConfidentialInformation, as well as allother documents and other tangible items provided to<br>me by General Mills, or developed by me in connection with my employment with the<br>Company.<br>b.I agree to promptly tell General Mills about any ideas, concepts, improvements, designs,<br>inventions, discoveries, and creative works (collectively, "Work Product") which I conceive or<br>create during my employment with General Mills which relate to General Mills' businesses.<br>I furtheragree to immediately,automaticallyand irrevocablyassign,andherebydoassign,to <br>General Mills any and all intellectual property rights in and to such Work Product, and all<br>such intellectual property rights shall be solely and exclusively owned by General Mills. <br>"Intellectual property rights" means patent rights, copyrights, trade secret rights, trade dress <br>rights, trademark rights and all comparable rights throughout the world.<br>|

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|:---|:---|
|  | DuringmyemploymentwithGeneralMills and anytime thereafter,I willtakeallnecessary <br>steps, at General Mills' request and expense, but without furthercompensation to me, to <br>execute any instruments necessary to enable General Mills or General Mills' nominee to <br>register intellectual property rights throughout the world.<br>After I leave General Mills, I agree to help General Mills in every way possible in any <br>governmentorlegalproceedingspertaining toanyGeneralMills intellectualproperty rights.<br>c.[*This Section 7.c. does not apply to California, Colorado, Minnesota,and Washington - based*<br>*employees.*] I agree that for one year after I leave the Company, including retiring from the<br>Company, I will not work on any product, brand category, process, or service: (A)on which I<br>worked, or about which I had access to Confidential Information, in the year immediately<br>preceding my termination (including retirement) from General Mills, and (B) which competes<br>with General Mills products, brand categories, processes, or related services.<br>d.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill<br>refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them<br>or inducing them to leave their employment with the Company.<br>e.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely<br>refrainfromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsoliciting<br>the Company's customers.<br>f.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill<br>refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them<br>or inducing them to leave their employment with the Company.<br>AbreachoftheobligationssetforthinthisparagraphmayresultintherescissionoftheAward,termination<br>and forfeiture of any unvested Units, and/or required payment to the Company of all or a portion of any<br>monetary gains acquired by the Participant as a result of the Award, unless the Award vested and was<br>settledmorethanfour(4)yearspriortothebreach.Theforegoing remediesareinadditionto,andnotin<br>lieu of injunctive relief and/or any other legal or equitable remedies available under applicable law.<br>|
| 8. | **<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheRestrictedStockUnits,theParticipantacknowledgesandagreesthat:<br>(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be<br>modified, amended, suspended or terminated by the Company, in its sole discretion, at any<br>time (subject to any limitations set forth in the Plan);<br>(b)the Plan is operated and the Restricted Stock Units are granted solely by the Company and<br>only the Company is a party to this Agreement; accordingly, any rights the Participant may<br>haveunderthisAgreementmayberaisedonlyagainsttheCompanybutnotanysubsidiaryor<br>affiliate of the Company (including, but not limited to, the Employer);<br>(c)no subsidiary oraffiliate of the Company (including, but not limited to, the Employer) has any<br>obligation to make any payment of any kind to the Participant under this Agreement;<br>(d)the grant of the Restricted Stock Units is voluntary and occasional and does not create any<br>contractualorotherright to receivefuturegrantsof restricted stock units, orbenefits in lieuof<br>restricted stock units, even if restricted stock units or otherawards have been granted in the<br>past;<br>(e)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;<br>(f)theParticipant'sparticipationinthePlanisvoluntary;<br>|

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| | |
|:---|:---|
|  | (g)theRestrictedStockUnitsandtheParticipant'sparticipationinthePlanshallnotcreatearight<br>toemploymentorbe interpretedasforminganemploymentcontract withtheCompanyorany<br>of its subsidiaries or affiliates and shall not interfere with the ability of the Company or the<br>Employer,as applicable,to terminatetheParticipant's employment relationship (asotherwise<br>may be permitted under local law);<br>(h)unlessotherwiseagreedwiththeCompany,theRestrictedStockUnitsandanysharesofStock<br>acquiredupon vesting ofthe Restricted StockUnits,and the income fromand value of same,<br>are not granted as consideration for, or in connection with, any service the Participant may<br>provide as a director of any subsidiary or affiliate of the Company;<br>(i)the Restricted Stock Units and any shares of Stock acquired under the Plan and the income<br>andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating<br>any severance, resignation, termination, redundancy, dismissal, end-of-service payments,<br>bonuses, long-service awards, pension or retirement or welfare benefits or similar payments<br>and in no event should be considered as compensation for, or relating in any way to, past<br>services for the Company, the Employer or any subsidiary or affiliate of the Company;<br>(j)the future value of the shares of Stock underlying the Restricted Stock Units is unknown,<br>indeterminable, and cannot be predicted with certainty;<br>(k)uponvestingof theRestricted StockUnits, thevalueofsuch sharesofStockmay increaseor<br>decrease in value;<br>(l)noclaimorentitlementtocompensationordamagesshallarisefromforfeitureoftheRestricted<br>Stock Units resulting from (A) termination of the Participant's employment (for any reason<br>whatsoeverand whetherornot in breach of local laborlawsorlaterfound invalid), and/or(B)<br>from the application of any clawback or recoupment policy adopted by the Company or<br>imposed byapplicable law, and in consideration of the Restricted Stock Units, theParticipant<br>agrees not to institute any claim against the Company or the Employer;<br>(m)the Restricted Stock Units and the rights evidenced by this Agreement do not create any<br>entitlementnototherwisespecificallyprovidedforinthePlantohavetheRestrictedStockUnits<br>transferred to, or assumed by, another company, nor to be exchanged, cashed out or<br>substitutedfor,inconnectionwithanycorporatetransactionaffectingthesharesofStock;and<br>(n)<br>neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign<br>exchangeratefluctuationbetweentheParticipant'slocalcurrencyandtheU.S.dollarthatmay<br>affect the value of the Restricted Stock Units orany amounts due to the Participant pursuant<br>to the vesting of the Restricted Stock Units or the subsequent sale of any shares of Stock<br>acquired upon vesting of the Restricted Stock Units.<br>|
| 9. | **<u>Data Privacy</u>**. *If the Participant would like to participate in the Plan, the Participant will need to review the*<br>*informationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttotheprocessing*<br>*of personal data by the Company and the third parties stated below.*<br>*IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnitedKingdom,*<br>*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*<br>*55426-1347, U.S.A., is the controller responsible for the processing of the Participant's personal data in*<br>*connection with the Agreement and the Plan.*<br>*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*<br>*personally-identifiable information about the Participant, specifically, the Participant's name,*<br>*home addressandtelephone number,emailaddress,dateof birth,socialinsurance,passport*<br>*numberorotheridentificationnumber,salary,nationality,jobtitle,anysharesofStockor*<br>|

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*directorships held in the Company or any subsidiary or affiliate of the Company, details of all*

*Restricted Stock Units or any other entitlement to shares of Stock awarded, canceled,*

*exercised, settled, vested, unvested or outstanding in the Participant's favor, which the*

*Company receives from the Participant or the Employer (the "Data"). The Company collects,*

*processesand uses the Data for thepurposes of performing its contractualobligations under*

*this Agreement, implementing, administering and managing the Participant's participation in*

*the Plan and facilitating compliance with applicable tax and securities law.*

*IftheParticipantisbasedintheEU,EEAorUnitedKingdom,thelegalbasisfortheprocessing*

*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*

*contractual obligations under this Agreement and the Plan and the Company's legitimate*

*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*

*with its contractual and statutory obligations.*

*IftheParticipantisbasedinanyotherjurisdiction,thelegalbasisfortheprocessingoftheData*

*by the Company is the Participant's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*

*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*

*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*

*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*

*similar manner, share Data with such service provider. The Company's service provider will*

*maintain an account for the Participant to administer the Restricted Stock Units. The*

*processingofData willtakeplacethroughbothelectronicandnon-electronicmeans. Datawill*

*only be accessible by those individuals requiring access to it for purposes of implementing,*

*administering and operating the Plan.*

*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*

*StatesandIndia.TheParticipant's countryorjurisdictionmayhavedifferentdataprivacy laws*

*and protections than the United States and India. An appropriate level of protection can be*

*achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*

*the EU Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant's jurisdiction to the Company and onward from the Company to any of its service*

*providers based on the Participant's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*

*administerandmanagetheParticipant'sparticipationinthePlan,orasrequiredtocomplywith*

*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*

*needs the Data, the Company will remove it from its systems.If the Company keeps data*

*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*

*wouldbe relevant laws orregulations (if the Participant is in the EU, EEA orUnitedKingdom)*

*or the Participant's consent (if the Participant is outside the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Participant mayhave a numberof rights underdata privacy laws in*

*the Participant's jurisdiction. Subject to the conditions set out in the applicable law and*

*depending on where the Participant is based, such rights may include the right to (i) request*

*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*

*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*

*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*

*authorities in the Participant's jurisdiction, and/or to (viii) receive a list with the names and*

*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*

*to exercise these rights, the Participant can contact HR Direct.*

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| | |
|:---|:---|
|  | *(f)<u>Necessary Disclosure of Personal Data</u>. The Participant understands that providing the*<br>*Company with Data is necessary for the performance of the Agreement and that the*<br>*Participant'srefusaltoprovidethe Data wouldmake itimpossible fortheCompanytoperform*<br>*its contractual obligations and may affect the Participant's ability to participate in the Plan.*<br>*(g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom)</u>. The*<br>*Participantherebyunambiguouslyconsentstothe collection,useand transfer,inelectronicor*<br>*other form, of the Data, as described above and in any othergrant materials, by and among,*<br>*asapplicable,theEmployer,theCompanyandanyofitssubsidiaryoraffiliatefortheexclusive*<br>*purpose of implementing, administering and managing the Participant's participation in the*<br>*Plan.TheParticipantunderstandsthattheParticipantmay,atanytime,refuseorwithdrawthe*<br>*consentsherein,inanycasewithout cost,by contacting HRDirect.IftheParticipantdoesnot*<br>*consentorlaterseekstorevoketheParticipant'sconsent,theParticipant'semploymentstatus*<br>*orservice with theEmployerwill notbeaffected; theParticipant's consequence ofrefusingor*<br>*withdrawingconsentisthattheCompanywouldnotbeabletoawardtheParticipantRestricted*<br>*StockUnitsoranyotherequityawardtotheParticipantoradministerormaintainsuchawards.*<br>*Therefore, the Participant understands that refusing or withdrawing consent may affect the*<br>*Participant's ability to participate in the Plan. For more information on the consequences of*<br>*refusal to consent or withdrawal of consent, the Participant should contact HR Direct.*<br>|
| 10. | **<u>Clawback</u>**.ThisAwardisspecifically madesubjecttotheCompany'sExecutiveCompensationClawback <br>Policies.<br>|
| 11. | **<u>Insider</u><u>Trading; Market</u><u>Abuse Laws</u>**. By participating in the Plan, theParticipant agrees to comply with the<br>Company'spolicyoninsidertrading (totheextentthatitisapplicabletotheParticipant),theParticipantfurther<br>acknowledges that, depending on the Participant's or his or her broker's country of residence or where the<br>shares of Stock are listed, the Participant may be subject to insider trading restrictions and/or market abuse<br>laws that may affect the Participant's ability to accept, acquire, sell or otherwise dispose of shares of Stock,<br>rightstosharesofStock(e.g.,restrictedstockunits)orrightslinkedtothevalueofsharesofStock,duringsuch<br>times theParticipantis consideredtohave"inside information"regarding theCompanyasdefinedbythe laws<br>or regulations in the Participant's country. Local insider trading laws and regulations may prohibit the<br>cancellation or amendment of orders the Participant places before he or she possessed inside information.<br>Furthermore, the Participant could be prohibited from (i)disclosing the inside information to any third party<br>(other than on a "need to know" basis) and (ii) "tipping" third parties or causing them otherwise to buy or sell<br>securities.TheParticipantunderstandsthatthirdparties includefellowemployees.Anyrestrictionunderthese<br>laws or regulations are separate from and in addition to any restrictions that may be imposed under any<br>applicable Company insider trading policy. The Participant acknowledges that it is the Participant's<br>responsibility to comply with any applicable restrictions, and that the Participant should therefore consult the<br>Participant's personal advisor on this matter.<br>|
| 12. | **<u>Electronic Delivery</u>**. The Participant agrees, to the fullest extent permitted by law, in lieu of receiving<br>documents in paper format, to accept electronic delivery of any documents that the Company and its<br>subsidiariesoraffiliatesmaydeliverinconnectionwiththisgrantandanyothergrantsofferedbytheCompany,<br>including prospectuses, grant notifications, account statements, annual or quarterly reports, and other<br>communications. Electronic delivery of a document may be made via the Company's email system or by<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Participant hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 13. | **<u>English Language</u>**. The Participant acknowledges and agrees that it is the Participant's express intent that<br>this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or<br>institutedpursuanttotheRestrictedStockUnitsbedrawnupinEnglish.TotheextenttheParticipanthasbeen<br>providedwitha copy of thisAgreement,thePlan,oranyotherdocumentsrelating to this Award ina language<br>other than English, the English language documents willprevail in case of any ambiguities ordivergences as<br>a result of translation, unless otherwise required under applicable law.<br>|

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14.  **<u>Addendum.</u>** Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be subject to any s additional or different terms and conditions set forth in the Country-Specific Addendum to this Agreement (the "Addendum"). Moreover, if the Participant transfers to one of the countries included in such Addendum, the additional or different terms and conditions for such country will apply to the Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable to comply with local law or facilitate the administration of the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate the Participant's transfer). The Addendum constitutes part of this Agreement.

15.  **<u>Not a Public Offering</u>** . The award of the Restricted Stock Units is not intended to be a public offering of securities in the Participant's country of employment (or country of residence, if different). The Company has not submitted any registration statement, prospectus or other filings with the local securities authorities (unless otherwise required under local law), and the award of the Restricted Stock Units is not subject to the supervision of the local securities authorities. *No employee of the Company or any of its subsidiaries or affiliates is permitted* *to advise the Participant on whether he/she should participate in the Plan. Acquiring shares of Stock involves* *a degree of risk. Before deciding to participate in the Plan, the Participant should carefully consider all risk* *factors relevant to the acquisition of shares of Stock under the Plan and carefully review all of the materials* *related to the Restricted Stock Units and the Plan. In addition, the Participant should consult with his/her* *personal advisor for professional investment advice.* 

16.  **<u>Repatriation; Compliance with Law.</u>** The Participant agrees to repatriate all payments attributable to the shares of Stock and/or cash acquired under the Plan in accordance with applicable foreign exchange rules and regulations in the Participant's country of employment (and country of residence, if different). In addition, the Participant agrees to take any and all actions, and consent to any and all actions taken by the Company and any of its subsidiaries or affiliates, as may be required to allow the Company and any of its subsidiaries and affiliates to comply with local laws, rules and/or regulations in the Participant's country of employment (and country of residence, if different). Finally, the Participant agrees to take any and all actions as may be required to comply with the Participant's personal obligations under local laws, rules and/or regulations in the Participant's country of employment and country of residence, if different).

17.  **<u>Imposition of Other Requirements.</u>** The Company reserves the right to impose other requirements on the Participant's participation in the Plan, on the Restricted Stock Units, and on any shares of Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

18.  **<u>Committee's</u> <u>Powers</u>.** No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and elections with respect to the Restricted Stock Units. Any dispute regarding the interpretation of this Agreement or the terms of the Plan shall be submitted to the Committee or its delegate who shall have the discretionary authority to construe the terms of this Agreement, the Plan, and all documents ancillary to this Award. The decisions of the Committee or its delegate shall be final and binding and any reviewing court of law or other party shall defer to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this review standard subject the Plan or Award to the U.S. Employee Retirement Income Security Act **.** 

19.  **<u>Binding</u> <u>Effect</u>.** This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Participant.

20.  **<u>Governing Law and Forum</u>** . Without limiting the effect of section 17, this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware without regard to principles of conflict of laws.

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|:---|:---|
| 21. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 22. | **<u>Waiver</u>**. The waiver by the Company with respect to the participant's (or any other participant's) compliance<br>with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of<br>this Agreement, or of any subsequent breach by such party of a provision of this Agreement.<br>|
| A copy of the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is available on <br>G&Me by searching "2022 Stock Compensation Plan". A copy of the Company's latest Annual Report on Form 10-K <br>is also available on the Company's website at https://investors.generalmills.com/financial-information/sec-filings/<br>default.aspx.. | A copy of the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is available on <br>G&Me by searching "2022 Stock Compensation Plan". A copy of the Company's latest Annual Report on Form 10-K <br>is also available on the Company's website at https://investors.generalmills.com/financial-information/sec-filings/<br>default.aspx.. |

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**GENERALMILLS, INC.**

**GENERAL MILLS, INC.** 

**RESTRICTEDSTOCKUNITAWARD**

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| | | |
|:---|:---|:---|
| **GRANT DATE:** | **GRANT DATE:** | **GRANT DATE:** |
| **PARTICIPANT:** | **PARTICIPANT:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **AGGREGATENUMBEROFUNITS** <br>**AWARDED:** | **AGGREGATENUMBEROFUNITS** <br>**AWARDED:** | **AGGREGATENUMBEROFUNITS** <br>**AWARDED:** |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** |
| **THIS AWARD, dated onthe above Grant Date, is made by General Mills, Inc.(the "Company"), and made to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated onthe above Grant Date, is made by General Mills, Inc.(the "Company"), and made to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated onthe above Grant Date, is made by General Mills, Inc.(the "Company"), and made to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. |
| 2. | **<u>Vesting/Payment</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u>.** | **<u>Vesting/Payment</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u>.** |
|  | (a)**Vesting/PaymentSchedule**.RestrictedStockUnitsshallvestintranches,eachtranchehaving its<br>own12monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsina<br>tranche shall be paid on the respective Scheduled Vesting Date, subject to the terms of this<br>Agreement and the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany | (a)**Vesting/PaymentSchedule**.RestrictedStockUnitsshallvestintranches,eachtranchehaving its<br>own12monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsina<br>tranche shall be paid on the respective Scheduled Vesting Date, subject to the terms of this<br>Agreement and the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany |

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or any subsidiary or affiliate of theCompany terminates under certain circumstances beforethe

respective Scheduled Vesting Dates, as herein provided.

(i)*ResignationorTerminationforCause.*IftheParticipant'semployment withthe Companyor

any subsidiary or affiliate of the Company is terminated by either (i) resignation, or (ii) a

discharge due to Participant's illegal activities, poor work performance, misconduct or

violation of the Company's Code of Conduct, policies or practices, then these Restricted

Stock Units, to the extent they are not fully vested as of the Termination Date, shall for no

consideration be cancelled and forfeited in their entirety. For the avoidance of doubt,

"Termination Date" for purposes of this Award will be deemed to occur as of the date

Participant is no longer actively providing services as an employee, unless otherwise

determined by the Company in its sole discretion, and no vesting shall continue during any

notice period that may be specified under contract or applicable law with respect to such

termination, including any "garden leave" or similar period, except as may otherwise be

permitted in the Company's sole discretion.

(ii)*InvoluntaryTermination.*IftheParticipant'semploymentwiththeCompanyoranysubsidiary

of affiliate of the Company terminates involuntarily at the initiation of the Company for any

reason other than specified in Plan Section11 (*Change in Control*), or (i), (iv)or (v) in this

section2,andonlyupontheexecution(withoutrevoking)ofaneffectivegenerallegalrelease

andsuchotherdocumentsasaresatisfactorytotheCompany,theunvestedRestrictedStock

Units that are in the tranche with a Scheduled Vesting Date within 12 months of the

Termination Date shall vest, in an amount equal to the pro-rata amount based on

employment completed during the relevant 12 month tranche vesting period. All other

unvested RestrictedStock Units shallbe forfeited asof the Termination Date.AllRestricted

Stock Units that vestunderthis paragraph shall bepaid (ordeferred, if properly elected)on

the respective Scheduled Vesting Date otherwise applicable to such tranche.

(iii)*Death*.Ifa Participantdies while employedby the Company orany subsidiaryof affiliateof

the Company during any applicable vesting period, this Award shall become fully vested,

effective as of the date of death,and shall be paid as of the first day of the month following

death to the designated beneficiary or beneficiaries, or to the Participant's estate if no

beneficiary is appropriately designated.

(iv)*Retirement.*If the termination of employment is due to the Participant's retirement on or

after age55 and completion of at least five (5) years of service with the Company or any

subsidiary or affiliate of the Company, all Restricted Stock Units in unvested tranches shall

vest and be paid (or deferred, if properly elected) on each tranche's respective Scheduled

VestingDate.Notwithstandingtheabove, iftheTerminationDateis withintwelvemonthsof

the Grant Date, the Award shall not fully vest but rather vest on a pro rata basis based on

employment completed since grant prior to the Termination Date within the first year of the

Restricted Period; the Restricted Stock Units that vest pursuant to the previous sentence

shallbe paid (or deferred, if properly elected)on the Scheduled Vesting Date applicable to

the tranche under which they were awarded. The terms of this paragraph shallnot apply to

a Participant who, prior to a Change of Control, is terminated for cause as described in

paragraph(b)(i) above; said Participant shall be treated as provided in paragraph (b)(i)

(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in itssole discretion,shalldeterminethe conversion,vesting,orothertreatment

of these Awards. Such treatment shall be consistent with Code Section409A, and in

particular will take into account whether a separation from service has occurred within the

meaning of Code Section 409A.

3.**<u>Dividend Equivalents</u>.** For Restricted Stock Units awarded hereunder, any dividends or other distributions

declaredpayableonthe Company'sStockonoraftertheGrantDateuntiltheAward issettledand/orforfeited

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|:---|:---|
|  | shall be credited notionally to the Participant in an amount equal to such declared dividends or other<br>distributions on an equivalent number of shares of Stock ("Dividend Equivalents").Dividend Equivalents so<br>credited shall be paid if, and only to the extent, the underlying Restricted Stock Units to which they relate<br>become unrestricted and vest, as provided under the terms of the Plan and this Agreement.Dividend<br>Equivalentscredited in respecttoRestrictedStockUnitsthatareforfeitedunderthe termsof the Planandthis<br>document, are correspondingly forfeited.No interest or other earnings shall be credited on Dividend<br>Equivalents.Vested DividendEquivalentsshallbepaid incashat the same time astheunderlying Restricted<br>Stock Units to which they relate.<br>|
| 4. | **<u>Settlement</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units</u>.**Settlementshallbecompletedassoonasadministrativelypracticable<br>butinnoevent laterthan30daysafterthedatethe RestrictedStockUnits vest,exceptwheresuchsettlement<br>following a Section 409A Separation from Service requires a six-month delay. The Company will provide for<br>settlementintheformofsharesofStock.Awardssubjecttoproperdeferralelectionsshallbedeferredintothe<br>General Mills Deferred Compensation Plan.<br>|
| 5. | **<u>Non-Transferability</u>**. The Restricted Stock Units may not be sold, assigned, pledged, exchanged,<br>hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlanorthis<br>Agreement.Uponanyattempt to transfer,assign,pledge,hypothecateorotherwise disposeofthe Restricted<br>Stock Units or of such rights contrary to the provisions hereof or in the Plan, the Restricted Stock Units and<br>such rights shall immediately become null and void.<br>|
| 6. | **<u>Withholding of</u><u>Tax</u>**.TheParticipantacknowledgesthat, regardlessofanyactiontakenby theCompanyor,if<br>different,the subsidiaryoraffiliateofthe Companythatemploys theParticipant(the "Employer"), the ultimate<br>liabilityforallincometax,socialcontributions,payrolltax,fringebenefitstax,paymentonaccount,hypothetical<br>tax or other tax-related items related to the Participant's participation in the Plan and legally applicable to the<br>Participant or deemed by the Company or the Employer in their discretion to be an appropriate charge to the<br>ParticipanteveniflegallyapplicabletotheCompanyortheEmployer("Tax-RelatedItems"),isandremainsthe<br>Participant's responsibility and may exceed the amount actually withheld by the Company orthe Employer, if<br>any.TheParticipantfurtheracknowledgesthattheCompanyand/ortheEmployer(a) makenorepresentations<br>or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the<br>Restricted Stock Units, including,butnot limitedto, the grant, vesting, thesubsequent saleof shares of Stock<br>acquired pursuant to such vesting and the receipt of any dividends, orDividend Equivalents; and (b)do not<br>commit toandareunderno obligationtostructurethetermsofthegrantor anyaspectofthe RestrictedStock<br>Units to reduceoreliminatetheParticipant'sliability forTax-Related Itemsorachieveanyparticulartax result.<br>Further, iftheParticipant issubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrant Date<br>and thedateofanyrelevanttaxableortaxwithholdingevent,asapplicable, theParticipantacknowledges that<br>theCompanyand/or theEmployer (orformeremployer,asapplicable)mayberequired to withholdoraccount<br>for Tax-Related Items in more than one jurisdiction.<br>Prior to the relevant taxable ortax withholding event, as applicable, the Participant agrees to make adequate<br>arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,<br>unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-<br>Related Items by one or a combination of the following: (i) withholding from the Participant's wages or other<br>cash compensation paid to the Participant by the Company and/or the Employer; (ii) withholding from the<br>shares of Stock to be delivered upon settlement of the Restricted Stock Units or otherawards granted to the<br>Participant or (iii) permitting the Participant to tender to the Company cash or, if allowed by the Committee,<br>shares of Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by<br>consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole<br>discretion) or other applicable withholding rates, including maximum applicable rates, in which case the<br>Participant will receive a refund of any over-withheld amount and will have no entitlement to the share<br>equivalent. If the obligation for Tax-Related Items is satisfied by withholding from the shares of Stock to be<br>deliveredupon vestingof theRestrictedStock Units,fortaxpurposes,theParticipant isdeemedto havebeen<br>issuedthefullnumberofsharesof StocksubjecttotheRestrictedStockUnits,notwithstandingthatanumber<br>|

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|:---|:---|
|  | of shares of Stock are held back solely for the purpose of paying the Tax-Related Items. The Participant will<br>have no further rights with respect to any shares of Stock that are retained by the Company pursuant to this<br>provision.<br>The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items that the<br>CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheParticipant'sparticipation<br>in the Plan that cannot be satisfiedby themeans previously described. The Companymay refuse to issue or<br>deliver shares of Stock or proceeds from the sale of shares of Stock until arrangements satisfactory to the<br>Company have been made in connection with the Tax-Related Items.<br>|
| 7. | **<u>Restrictive Covenants;</u><u>Confidential</u><u>Information;</u><u>Work</u><u>Product</u>**.The Participantagreesto cooperate with<br>the Company in any way needed in order to comply with, or fulfill the terms of the Plan and this Award<br>document.As a term and condition of this Award, Participant agrees to the following terms:<br>a.IagreetouseGeneralMills Confidential Informationonlyasneededintheperformanceofmy<br>duties,toholdandprotectsuchinformationasconfidentialtotheCompany,andnottoengage<br>in any unauthorized use or disclosure of such information for so long as such information<br>qualifies as Confidential Information. I agree that after my employment with the Company<br>terminatesforanyreason, including "retirement"asthatterm isusedinthePlan,Iwill notuse<br>or disclose, directly or indirectly, Company Confidential Information or trade secrets for any<br>purpose, unless I get the prior written consent of mymanager to do so.<br>This document does not prevent me from filing a complaint with a government agency<br>(including the Securities and Exchange Commission, Department of Justice, Equal<br>Employment Opportunity Commission and others) or from participating in an agency<br>proceeding. This document also does not prevent me from providing an agency with<br>information, including this document, unless such information is legally protected from<br>disclosure to third parties.I do not need prior company authorization to take these actions,<br>nor must I notify the company I have done so.<br>Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any<br>federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a<br>federal, state,orlocalgovernment official,eitherdirectly orindirectly, orto an attorney, solely<br>forthepurpose of reporting orinvestigating a suspected violation of law;or(B)in acomplaint<br>or other document filed in a lawsuit or other proceeding, if such filing is made underseal.<br>GeneralMillsConfidentialInformationmeansanynon-publicinformationIcreate,receive,use<br>or observe in the performance ofmy job at General Mills, including trade secrets.Examples<br>of Confidential Information include marketing, merchandising, business plans, business<br>methods,pricing,purchasing,licensing,contracts,employee,supplierorcustomerinformation,<br>customer, vendororpartnerclientorcontact lists, financialdata, technologicaldevelopments,<br>manufacturing processes and specifications, product formulas, ingredient specifications,<br>software code, and all other proprietary information which is not publicly available to others.<br>Prior to leaving the Company, I agree to return all materials in my possession containing<br>ConfidentialInformation, as well as allother documents and other tangible items provided to<br>me by General Mills, or developed by me in connection with my employment with the<br>Company.<br>b.I agree to promptly tell General Mills about any ideas, concepts, improvements, designs,<br>inventions, discoveries, and creative works (collectively, "Work Product") which I conceive or<br>create during my employment with General Mills which relate to General Mills' businesses.<br>I furtheragree to immediately,automaticallyand irrevocablyassign,andherebydoassign,to <br>General Mills any and all intellectual property rights in and to such Work Product, and all<br>such intellectual property rights shall be solely and exclusively owned by General Mills.<br>|

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|:---|:---|
|  | "Intellectualpropertyrights"meanspatentrights,copyrights,trade secret rights,tradedress <br>rights, trademark rights and all comparable rights throughout the world.<br>DuringmyemploymentwithGeneralMills and anytime thereafter,I willtakeallnecessary <br>steps, at General Mills' request and expense, but without furthercompensation to me, to <br>execute any instruments necessary to enable General Mills or General Mills' nominee to <br>register intellectual property rights throughout the world.<br>After I leave General Mills, I agree to help General Mills in every way possible in any <br>governmentorlegalproceedingspertaining toanyGeneralMills intellectualproperty rights.<br>c.[*This Section 7.c. does not apply to California, Colorado, Minnesota,and Washington - based*<br>*employees.*] I agree that for one year after I leave the Company, including retiring from the<br>Company, I will not work on any product, brand category, process, or service: (A)on which I<br>worked, or about which I had access to Confidential Information, in the year immediately<br>preceding my termination (including retirement) from General Mills, and (B) which competes<br>with General Mills products, brand categories, processes, or related services.<br>d.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill<br>refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them<br>or inducing them to leave their employment with the Company.<br>e.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely<br>refrainfromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsoliciting<br>the Company's customers.<br>AbreachoftheobligationssetforthinthisparagraphmayresultintherescissionoftheAward,termination<br>and forfeiture of any unvested Units, and/or required payment to the Company of all or a portion of any<br>monetary gains acquired by the Participant as a result of the Award, unless the Award vested and was<br>settledmorethanfour(4)yearspriortothebreach.Theforegoing remediesareinadditionto,andnotin<br>lieu of injunctive relief and/or any other legal or equitable remedies available under applicable law.<br>|
| 8. | **<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheRestrictedStockUnits,theParticipantacknowledgesandagreesthat:<br>(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be<br>modified, amended, suspended or terminated by the Company, in its sole discretion, at any<br>time (subject to any limitations set forth in the Plan);<br>(b)the Plan is operated and the Restricted Stock Units are granted solely by the Company and<br>only the Company is a party to this Agreement; accordingly, any rights the Participant may<br>haveunderthisAgreementmayberaisedonlyagainsttheCompanybutnotanysubsidiaryor<br>affiliate of the Company (including, but not limited to, the Employer);<br>(c)no subsidiary oraffiliate of the Company (including, but not limited to, the Employer) has any<br>obligation to make any payment of any kind to the Participant under this Agreement;<br>(d)the grant of the Restricted Stock Units is voluntary and occasional and does not create any<br>contractualorotherright to receivefuturegrantsof restricted stock units, orbenefits in lieuof<br>restricted stock units, even if restricted stock units or otherawards have been granted in the<br>past;<br>(e)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;<br>(f)theParticipant'sparticipationinthePlanisvoluntary;<br>|

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|:---|:---|
|  | (g)theRestrictedStockUnitsandtheParticipant'sparticipationinthePlanshallnotcreatearight<br>toemploymentorbe interpretedasforminganemploymentcontract withtheCompanyorany<br>of its subsidiaries or affiliates and shall not interfere with the ability of the Company or the<br>Employer,as applicable,to terminatetheParticipant's employment relationship (asotherwise<br>may be permitted under local law);<br>(h)unlessotherwiseagreedwiththeCompany,theRestrictedStockUnitsandanysharesofStock<br>acquiredupon vesting ofthe Restricted StockUnits,and the income fromand value of same,<br>are not granted as consideration for, or in connection with, any service the Participant may<br>provide as a director of any subsidiary or affiliate of the Company;<br>(i)the Restricted Stock Units and any shares of Stock acquired under the Plan and the income<br>andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating<br>any severance, resignation, termination, redundancy, dismissal, end-of-service payments,<br>bonuses, long-service awards, pension or retirement or welfare benefits or similar payments<br>and in no event should be considered as compensation for, or relating in any way to, past<br>services for the Company, the Employer or any subsidiary or affiliate of the Company;<br>(j)the future value of the shares of Stock underlying the Restricted Stock Units is unknown,<br>indeterminable, and cannot be predicted with certainty;<br>(k)uponvestingof theRestricted StockUnits, thevalueofsuch sharesofStockmay increaseor<br>decrease in value;<br>(l)noclaimorentitlementtocompensationordamagesshallarisefromforfeitureoftheRestricted<br>Stock Units resulting from (A) termination of the Participant's employment (for any reason<br>whatsoeverand whetherornot in breach of local laborlawsorlaterfound invalid), and/or(B)<br>from the application of any clawback or recoupment policy adopted by the Company or<br>imposed byapplicable law, and in consideration of the Restricted Stock Units, theParticipant<br>agrees not to institute any claim against the Company or the Employer;<br>(m)the Restricted Stock Units and the rights evidenced by this Agreement do not create any<br>entitlementnototherwisespecificallyprovidedforinthePlantohavetheRestrictedStockUnits<br>transferred to, or assumed by, another company, nor to be exchanged, cashed out or<br>substitutedfor,inconnectionwithanycorporatetransactionaffectingthesharesofStock;and<br>(n)neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign<br>exchangeratefluctuation between theParticipant'slocalcurrencyandthe U.S.dollarthat<br>may affect the value of the Restricted Stock Units or any amounts due to the Participant<br>pursuant to the vesting of the Restricted Stock Units orthe subsequent sale ofanyshares<br>of Stock acquired upon vesting of the Restricted Stock Units.<br>|
| 9. | **<u>Data Privacy</u>**. *If the Participant would like to participate in the Plan, the Participant will need to review the*<br>*informationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttotheprocessing*<br>*of personal data by the Company and the third parties stated below.*<br>*IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnitedKingdom,*<br>*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*<br>*55426-1347, U.S.A., is the controller responsible for the processing of the Participant's personal data in*<br>*connection with the Agreement and the Plan.*<br>*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*<br>*personally-identifiable information about the Participant, specifically, the Participant's name,*<br>*home addressandtelephone number,emailaddress,dateof birth,socialinsurance,passport*<br>*numberorotheridentificationnumber,salary,nationality,jobtitle,anysharesofStockor*<br>*directorshipsheldintheCompanyoranysubsidiaryoraffiliateoftheCompany,detailsofall*<br>|

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*Restricted Stock Units or any other entitlement to shares of Stock awarded, canceled,*

*exercised, settled, vested, unvested or outstanding in the Participant's favor, which the*

*Company receives from the Participant or the Employer (the "Data"). The Company collects,*

*processesand uses the Data for thepurposes of performing its contractualobligations under*

*this Agreement, implementing, administering and managing the Participant's participation in*

*the Plan and facilitating compliance with applicable tax and securities law.*

*IftheParticipantisbasedintheEU,EEAorUnitedKingdom,thelegalbasisfortheprocessing*

*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*

*contractual obligations under this Agreement and the Plan and the Company's legitimate*

*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*

*with its contractual and statutory obligations.*

*IftheParticipantisbasedinanyotherjurisdiction,thelegalbasisfortheprocessingoftheData*

*by the Company is the Participant's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*

*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*

*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*

*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*

*similar manner, share Data with such service provider. The Company's service provider will*

*maintain an account for the Participant to administer the Restricted Stock Units. The*

*processingofData willtakeplacethroughbothelectronicandnon-electronicmeans. Datawill*

*only be accessible by those individuals requiring access to it for purposes of implementing,*

*administering and operating the Plan.*

*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*

*StatesandIndia.TheParticipant's countryorjurisdictionmayhavedifferentdataprivacy laws*

*and protections than the United States and India. An appropriate level of protection can be*

*achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*

*the EU Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant's jurisdiction to the Company and onward from the Company to any of its service*

*providers based on the Participant's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*

*administerandmanagetheParticipant'sparticipationinthePlan,orasrequiredtocomplywith*

*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*

*needs the Data, the Company will remove it from its systems.If the Company keeps data*

*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*

*wouldbe relevant laws orregulations (if the Participant is in the EU, EEA orUnitedKingdom)*

*or the Participant's consent (if the Participant is outside the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Participant mayhave a numberof rights underdata privacy laws in*

*the Participant's jurisdiction. Subject to the conditions set out in the applicable law and*

*depending on where the Participant is based, such rights may include the right to (i) request*

*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*

*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*

*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*

*authorities in the Participant's jurisdiction, and/or to (viii) receive a list with the names and*

*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*

*to exercise these rights, the Participant can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Participant understands that providing the*

*CompanywithDataisnecessaryfortheperformanceoftheAgreementandthatthe*

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|:---|:---|
|  | *Participant'srefusaltoprovidethe Data wouldmake itimpossible fortheCompanytoperform* <br>*its contractual obligations and may affect the Participant's ability to participate in the Plan.*<br>*(g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom)</u>. The*<br>*Participantherebyunambiguouslyconsentstothe collection,useand transfer,inelectronicor*<br>*other form, of the Data, as described above and in any othergrant materials, by and among,*<br>*asapplicable,theEmployer,theCompanyandanyofitssubsidiaryoraffiliatefortheexclusive*<br>*purpose of implementing, administering and managing the Participant's participation in the*<br>*Plan.TheParticipantunderstandsthattheParticipantmay,atanytime,refuseorwithdrawthe*<br>*consentsherein,inanycasewithout cost,by contacting HRDirect.IftheParticipantdoesnot*<br>*consentorlaterseekstorevoketheParticipant'sconsent,theParticipant'semploymentstatus*<br>*orservice with theEmployerwill notbeaffected; theParticipant's consequence ofrefusingor*<br>*withdrawingconsentisthattheCompanywouldnotbeabletoawardtheParticipantRestricted*<br>*StockUnitsoranyotherequityawardtotheParticipantoradministerormaintainsuchawards.*<br>*Therefore, the Participant understands that refusing or withdrawing consent may affect the*<br>*Participant's ability to participate in the Plan. For more information on the consequences of*<br>*refusal to consent or withdrawal of consent, the Participant should contact HR Direct.*<br>|
| 10. | **<u>Clawback</u>**.ThisAwardisspecifically madesubjecttotheCompany'sExecutiveCompensationClawback <br>Policies.<br>|
| 11. | **<u>Insider</u><u>Trading; Market</u><u>Abuse Laws</u>**. By participating in the Plan, theParticipant agrees to comply with the<br>Company'spolicyoninsidertrading (totheextentthatitisapplicabletotheParticipant),theParticipantfurther<br>acknowledges that, depending on the Participant's or his or her broker's country of residence or where the<br>shares of Stock are listed, the Participant may be subject to insider trading restrictions and/or market abuse<br>laws that may affect the Participant's ability to accept, acquire, sell or otherwise dispose of shares of Stock,<br>rightstosharesofStock(e.g.,restrictedstockunits)orrightslinkedtothevalueofsharesofStock,duringsuch<br>times theParticipantis consideredtohave"inside information"regarding theCompanyasdefinedbythe laws<br>or regulations in the Participant's country. Local insider trading laws and regulations may prohibit the<br>cancellation or amendment of orders the Participant places before he or she possessed inside information.<br>Furthermore, the Participant could be prohibited from (i)disclosing the inside information to any third party<br>(other than on a "need to know" basis) and (ii) "tipping" third parties or causing them otherwise to buy or sell<br>securities.TheParticipantunderstandsthatthirdparties includefellowemployees.Anyrestrictionunderthese<br>laws or regulations are separate from and in addition to any restrictions that may be imposed under any<br>applicable Company insider trading policy. The Participant acknowledges that it is the Participant's<br>responsibility to comply with any applicable restrictions, and that the Participant should therefore consult the<br>Participant's personal advisor on this matter.<br>|
| 12. | **<u>Electronic Delivery</u>**. The Participant agrees, to the fullest extent permitted by law, in lieu of receiving<br>documents in paper format, to accept electronic delivery of any documents that the Company and its<br>subsidiariesoraffiliatesmaydeliverinconnectionwiththisgrantandanyothergrantsofferedbytheCompany,<br>including prospectuses, grant notifications, account statements, annual or quarterly reports, and other<br>communications. Electronic delivery of a document may be made via the Company's email system or by<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Participant hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 13. | **<u>English Language</u>**. The Participant acknowledges and agrees that it is the Participant's express intent that<br>this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or<br>institutedpursuanttotheRestrictedStockUnitsbedrawnupinEnglish.TotheextenttheParticipanthasbeen<br>providedwitha copy of thisAgreement,thePlan,oranyotherdocumentsrelating to this Award ina language<br>other than English, the English language documents willprevail in case of any ambiguities ordivergences as<br>a result of translation, unless otherwise required under applicable law.<br>|

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14.  **<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be subject to any additional or different terms and conditions set forth in the Country-Specific Addendum to this Agreement (the "Addendum"). Moreover, if the Participant transfers to one of the countries included in such Addendum, the additional or different l terms and conditions for such country will apply to the Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable to comply with local law or facilitate the administration of the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate the Participant's transfer). The Addendum constitutes part of this Agreement.

15.  **<u>Not a Public Offering</u>** . The award of the Restricted Stock Units is not intended to be a public offering of securities in the Participant's country of employment (or country of residence, if different). The Company has not submitted any registration statement, prospectus or other filings with the local securities authorities (unless otherwise required under local law), and the award of the Restricted Stock Units is not subject to the supervision of the local securities authorities. *No employee of the Company or any of its subsidiaries or affiliates is* *permitted to advise the Participant on whether he/she should participate in the Plan. Acquiring shares of Stock* *involves a degree of risk. Before deciding to participate in the Plan, the Participant should carefully consider all* *risk factors relevant to the acquisition of shares of Stock under the Plan and carefully review all of the materials* *related to the Restricted Stock Units and the Plan. In addition, the Participant should consult with his/her* *personal advisor for professional investment advice.* 

16.  **<u>Repatriation; Compliance with Law</u>.** The Participant agrees to repatriate all payments attributable to the shares of Stock and/or cash acquired under the Plan in accordance with applicable foreign exchange rules and regulations in the Participant's country of employment (and country of residence, if different). In addition, the Participant agrees to take any and all actions, and consent to any and all actions taken by the Company and any of its subsidiaries and affiliates, as may be required to allow the Company and any of its subsidiaries and affiliates to comply with local laws, rules and/or regulations in the Participant's country of employment (and country of residence, if different). Finally, the Participant agrees to take any and all actions as may be required to comply with the Participant's personal obligations under local laws, rules and/or regulations in the Participant's country of employment and country of residence, if different).

17.  **<u>Imposition of Other Requirements</u>.** The Company reserves the right to impose other requirements on the Participant's participation in the Plan, on the Restricted Stock Units, and on any shares of Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

18.  **<u>Committee's</u> <u>Powers</u>.** No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and elections with respect to the Restricted Stock Units. Any dispute regarding the interpretation of this Agreement or the terms of the Plan shall be submitted to the Committee or its delegate who shall have the discretionary authority to construe the terms of this Agreement, the Plan, and all documents ancillary to this Award. The decisions of the Committee or its delegate shall be final and binding and any reviewing court of law or other party shall defer to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this review standard subject the Plan or Award to the U.S. Employee Retirement Income Security Act **.** 

19.  **<u>Binding</u> <u>Effect</u>.** This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Participant.

20.  **<u>Governing Law and Forum</u>** . Without limiting the effect of section 17, this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware without regard to principles of conflict of laws.

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| | |
|:---|:---|
| 21. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 22. | **<u>Waiver</u>**. The waiverby the Company with respect tothe Participant's (oranyother participant's) compliance<br>with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of<br>this Agreement, or of any subsequent breach by such party of a provision of this Agreement.<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>by searching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>availableontheCompany'swebsiteat<u>https://investors.generalmills.com/financial-</u><u>information/sec-</u><br><u>filings/default.aspx</u>**.** | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>by searching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>availableontheCompany'swebsiteat<u>https://investors.generalmills.com/financial-</u><u>information/sec-</u><br><u>filings/default.aspx</u>**.** |

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**GENERALMILLS, INC.**

**GENERAL MILLS, INC.** 

**RESTRICTEDSTOCKUNITAWARD**

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| | | |
|:---|:---|:---|
| **GRANT DATE:** | **GRANT DATE:** | **GRANT DATE:** |
| **PARTICIPANT:** | **PARTICIPANT:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** |
| **THIS AWARD, datedonthe above GrantDate, is made byGeneral Mills, Inc.,(the "Company"), andmade to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, datedonthe above GrantDate, is made byGeneral Mills, Inc.,(the "Company"), andmade to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, datedonthe above GrantDate, is made byGeneral Mills, Inc.,(the "Company"), andmade to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. |
| 2. | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** |
|  | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary or affiliate of the Company terminates under certain circumstances before the<br>respective Vesting Dates, as herein provided. | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary or affiliate of the Company terminates under certain circumstances before the<br>respective Vesting Dates, as herein provided. |

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| | |
|:---|:---|
|  | (i)*Termination for Cause.*If the Participant's employment with the Company or any<br>subsidiary or affiliate of the Company or any subsidiary or affiliated companies is<br>terminatedduetoParticipant'sillegalactivities,poorworkperformance,misconduct<br>or violation of the Company's Code of Conduct, policies or practices, then these<br>Restricted Stock Units, to the extent they are not fully vested as of the Termination<br>Date, shall for no consideration be cancelled and forfeited in their entirety. For the<br>avoidance of doubt, "Termination Date" for purposes of this Award will be deemed<br>to occur as of the date Participant is no longer actively providing services as an<br>employee, unless otherwise determined by the Company in its sole discretion, and<br>no vesting shall continue during any notice period that may be specified under<br>contract or applicable law with respect to such termination, including any "garden<br>leave" or similar period, except as may otherwise be permitted in the Company's<br>sole discretion.<br>(ii)*Death*.If a Participant dies while employed by the Company or any subsidiary or<br>affiliate of the Company during any applicable vesting period, this Award shall<br>becomefullyvested,effectiveasofthedateofdeath,andshallbepaidasofthefirst<br>dayofthemonthfollowingdeathtothedesignatedbeneficiaryorbeneficiaries,orto<br>the Participant's estate if no beneficiary is appropriately designated.<br>(iii)*Other Terminations.*If the voluntary termination of employment is prior to the third<br>anniversaryoftheGrantDate,allunvestedRestrictedStockUnits shallbeforfeited.<br>If, however, the Participant voluntarily terminates employment on or after the third<br>anniversary of the Grant Date, this Award shall fully vest, and be paid (ordeferred,<br>if properly elected) on each tranche's respective Scheduled Vesting Date. If the<br>terminationofemploymentisinvoluntaryattheinitiationoftheCompany,theAward<br>shall be fully vested and paid (or deferred, if properly elected) on each tranche's<br>respectiveScheduledVestingDate,subjecttotheexecution(withoutrevoking)ofan<br>effective general legal release. Notwithstanding the above, the terms of this<br>paragraph shall not apply to a Participant who, prior to a Change of Control, is<br>terminated for cause as described in (b)(i) above; said Participant shall be treated<br>as provided in paragraph (b)(i) above.In addition, if the provisions of the Plan<br>Section 11 (Change in Control) become operative they would over-ride the<br>provisions of this paragraph.<br>(iv)*Spin-offs and Other Divestitures.*If the termination of employment is due to the<br>divestiture,cessation,transfer,orspin-offofalineofbusinessorotheractivityofthe<br>Company, the Committee, in its sole discretion, shall determine the conversion,<br>vesting,orothertreatmentoftheseAwards.Suchtreatmentshallbe consistentwith<br>Code Section 409A, and in particular will take into account whether a separation<br>from service has occurred within the meaning of Code Section 409A.<br>|
| 3. | **<u>Dividend Equivalents</u>.** Any dividends or other distributions declared payable on the Company's Stock on or<br>after the Grant Date of this Award until the Award is settled and/orforfeited shall be credited notionally to the<br>Participant in an amount equal to such declared dividends or other distributions on an equivalent number of<br>shares of Stock ("Dividend Equivalents").Dividend Equivalents so credited shall be paid if, and only to the<br>extent, the underlying Restricted Stock Units to which they relate become unrestricted and vest, as provided<br>underthetermsof thePlan and thisAgreement.Dividend Equivalentscredited in respectto RestrictedStock<br>UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.Nointerest<br>orotherearningsshallbecreditedonDividendEquivalents.VestedDividendEquivalentsshallbepaidincash<br>at the same time as the underlying Restricted Stock Units to which they relate.<br>|
| 4. | **<u>Settlement</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units</u>.**Settlementshallbecompletedassoonasadministrativelypracticable <br>butinnoeventlaterthan30daysaftertheExpirationDateoftheRestrictedPeriod,exceptwheresuch<br>|

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| | |
|:---|:---|
|  | settlement following a Section 409A Separation from Service requires a six-month delay. The Company will <br>provide for settlement in the form of shares of Stock.<br>|
| 5. | **<u>Non-Transferability</u>**. The Restricted Stock Units may not be sold, assigned, pledged, exchanged,<br>hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlanorthis<br>Agreement.Uponanyattempt to transfer,assign,pledge,hypothecateorotherwise disposeofthe Restricted<br>Stock Units or of such rights contrary to the provisions hereof or in the Plan, the Restricted Stock Units and<br>such rights shall immediately become null and void.<br>|
| 6. | **<u>Withholding of</u><u>Tax</u>**.TheParticipantacknowledgesthat, regardlessofanyactiontakenby theCompanyor,if<br>different, the subsidiary oraffiliate of the company that employs the Participant (the "Employer"), the ultimate<br>liabilityforallincometax,socialcontributions,payrolltax,fringebenefitstax,paymentonaccount,hypothetical<br>tax or other tax-related items related to the Participant's participation in the Plan and legally applicable to the<br>Participant or deemed by the Company or the Employer in their discretion to be an appropriate charge to the<br>ParticipanteveniflegallyapplicabletotheCompanyortheEmployer("Tax-RelatedItems"),isandremainsthe<br>Participant's responsibility and may exceed the amount actually withheld by the Company orthe Employer, if<br>any.TheParticipantfurtheracknowledgesthattheCompanyand/ortheEmployer(a) makenorepresentations<br>or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the<br>Restricted Stock Units, including,butnot limitedto, the grant, vesting, thesubsequent saleof shares of Stock<br>acquired pursuant to such vesting and the receipt of any dividends, or Dividend Equivalents; and (b)do not<br>commit toandareunderno obligationtostructurethetermsofthegrantor anyaspectofthe RestrictedStock<br>Units to reduceoreliminatetheParticipant'sliability forTax-Related Itemsorachieveanyparticulartax result.<br>Further, iftheParticipant issubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrant Date<br>and thedateofanyrelevanttaxableortaxwithholdingevent,asapplicable, theParticipantacknowledges that<br>theCompanyand/or theEmployer (orformeremployer,asapplicable)mayberequired to withholdoraccount<br>for Tax-Related Items in more than one jurisdiction.<br>Prior to the relevant taxable ortax withholding event, as applicable, the Participant agrees to make adequate<br>arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,<br>unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-<br>Related Items by one or a combination of the following: (i) withholding from the Participant's wages or other<br>cash compensation paid to the Participant by the Company and/or the Employer; (ii) withholding from the<br>shares of Stock to be delivered upon settlement of the Restricted Stock Units or otherawards granted to the<br>Participant or (iii) permitting the Participant to tender to the Company cash or, if allowed by the Committee,<br>shares of Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by<br>consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole<br>discretion) or other applicable withholding rates, including maximum applicable rates, in which case the<br>Participant will receive a refund of any over-withheld amount and will have no entitlement to the share<br>equivalent. If the obligation for Tax-Related Items is satisfied by withholding from the shares of Stock to be<br>deliveredupon vestingof theRestrictedStock Units,fortaxpurposes,theParticipant isdeemedto havebeen<br>issued thefullnumberof shares of Stocksubjecttothe RestrictedStock Units,notwithstanding thatanumber<br>of shares of Stock are held back solely for the purpose of paying the Tax-Related Items. The Participant will<br>have no further rights with respect to any shares of Stock that are retained by the Company pursuant to this<br>provision.<br>The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items that the<br>CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheParticipant'sparticipation<br>in the Plan that cannot be satisfiedby themeans previously described. The Companymay refuse to issue or<br>deliver shares of Stock or proceeds from the sale of shares of Stock until arrangements satisfactory to the<br>Company have been made in connection with the Tax-Related Items.<br>|
| 7. | **<u>Restrictive Covenants;</u><u>Confidential</u><u>Information;</u><u>Work</u><u>Product</u>**.The Participantagreesto cooperate with<br>the Company in any way needed in order to comply with, or fulfill the terms of the Plan and this Award<br>document.As a term and condition of this Award, Participant agrees to the following terms:<br>|

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(a)I agree to use General Mills Confidential Information only as needed in the performance of my

duties, to holdand protect such informationas confidentialto the Company, andnot to engage in

anyunauthorizeduseordisclosureofsuchinformationforsolongassuchinformationqualifiesas

Confidential Information. I agree that aftermy employment with the Company terminates forany

reason,including "retirement"as that term isusedinthe Plan, I willnotuseordisclose, directlyor

indirectly,CompanyConfidentialInformationforanypurpose,unlessIgetthepriorwrittenconsent

of my manager to do so.

This document does not prevent me from filing a complaint with a government agency (including

theSecuritiesandExchange Commission, DepartmentofJustice,EqualEmploymentOpportunity

Commissionand others) or from participating inanagencyproceeding. Thisdocumentalso does

not prevent me from providing an agency with information, including this document, unless such

information is legally protected from disclosure to third parties.I do not need prior company

authorization to take these actions, nor must I notify the company I have done so.

Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunderanyfederal

orstate trade secretlawformakingatradesecretdisclosure: (A)in confidencetoafederal, state,

or localgovernmentofficial, either directlyor indirectly,or toanattorney, solely forthepurpose of

reportingorinvestigatingasuspectedviolationoflaw;or(B)inacomplaintorotherdocumentfiled

in a lawsuit or other proceeding, if such filing is made under seal.

GeneralMills ConfidentialInformationmeans any non-public information I create, receive, use or

observe in the performance of my job at General Mills.Examples of Confidential Information

include marketing, merchandising, business plans, business methods, pricing, purchasing,

licensing,contracts,employee,supplierorcustomerinformation,customer,vendororpartnerclient

or contact lists, financial data, technological developments, manufacturing processes and

specifications,productformulas, ingredientspecifications,softwarecode,andallotherproprietary

information which is not publicly available to others.

Prior to leaving the Company, I agree to return all materials in my possession containing

Confidential Information, as well as all other documents and other tangible items provided to me

by General Mills, or developed by me in connection with my employment with the Company.

(b)I agree to promptly tell General Mills about any ideas, concepts, improvements, designs,

inventions,discoveries,andcreativeworks(collectively,"WorkProduct")whichIconceiveorcreate

during my employment with General Mills which relate to General Mills' businesses.

I furtheragree to immediately,automaticallyand irrevocablyassign,andherebydoassign,to

General Mills any and all intellectual property rights in and to such Work Product, and all

such intellectual property rights shall be solely and exclusively owned by General Mills.

"Intellectual property rights" means patent rights, copyrights, trade secret rights, trade dress

rights, trademark rights and all comparable rights throughout the world.

DuringmyemploymentwithGeneralMills and anytime thereafter,I willtakeallnecessary

steps, at General Mills' request and expense, but without furthercompensation to me, to

execute any instruments necessary to enable General Mills or General Mills' nominee to

register intellectual property rights throughout the world.

After I leave General Mills, I agree to help General Mills in every way possible in any

governmentorlegalproceedingspertaining toanyGeneralMills intellectualproperty rights.

(c)[This Section 7.c. does not apply to California, Colorado, Minnesota, and Washington -based

employees.] I agree that for one year after I leave the Company, including retiring from the

Company, I will not work on any product, brand category, process, or service: (A) on which I

worked,oraboutwhichIhadaccesstoConfidentialInformation,intheyearimmediatelypreceding

my termination (including retirement) from General Mills, and (B) which competes with

GeneralMills products, brand categories, processes, or related services.

(d)I agree that for one year after I leave General Mills, including retiring from the Company, I

will refrain from directly or indirectly soliciting Company employees for the purpose of

hiring them or inducing them to leave their employment with the Company.

(e)IagreethatafterIleaveGeneralMills,includingretiringfromtheCompany,Iwill

indefinitelyrefrain from using Company client or contact lists, and for two years I will

refrain from soliciting the Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the

Award, termination and forfeiture of any unvested Units, and/or required payment to the

Company of all ora portion of any monetary gains acquired by the Participant as a result of

the Award, unless the Award vested and was settled more than four (4) years prior to the

breach.The foregoing remedies are in addition to, and not in lieu of injunctive relief and/or

any other legal or equitable remedies available under applicable law.

8.**<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheRestrictedStockUnits,theParticipantacknowledgesandagrees

that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may

modified, amended, suspended or terminated by the Company, in its sole discretion, at a time

(subject to any limitations set forth in the Plan);

(b)the Plan is operated and the Restricted Stock Units are granted solely by the Company a only

the Company is a party to this Agreement; accordingly, any rights the Participant m haveunder

thisAgreementmayberaisedonlyagainsttheCompanybutnotanysubsidiary affiliate of the

Company (including, but not limited to, the Employer);

(c)no subsidiary oraffiliate of the Company (including, but not limited to, the Employer) has a

obligation to make any payment of any kind to the Participant under this Agreement;

(d)the grant of the Restricted Stock Units is voluntary and occasional and does not create any

contractual or other right to receive future grants of restricted stock units, or benefits in lieu of

restricted stock units, even if restricted stock units or other awards have been granted in the

past;

(e)all decisions with respect to future awards, if any, will be at the sole discretion of the Company;

(f)the Participant's participation in the Plan is voluntary;

(g)the Restricted Stock Units and the Participant's participation in the Plan shall not create a right

to employment or be interpreted as forming an employment contract with the Company or any

of its subsidiaries or affiliates and shall not interfere with the ability of the Company or the

Employer, as applicable, to terminate the Participant's employment relationship (as otherwise

may be permitted under local law);

(h)unless otherwise agreed with the Company, the Restricted Stock Units and any shares of Stock

acquired upon vesting of the Restricted Stock Units, and the income from and value of same,

are not granted as consideration for, or in connection with, any service the Participant may

provide as a director of any subsidiary or affiliate of the Company;

(i)the Restricted Stock Units and any shares of Stock acquired under the Plan and the income

and value of same, are not part of normal or expected compensation for purposes of calculating

any severance, resignation, termination, redundancy, dismissal, end-of-service payments,

bonuses, long-service awards, pension or retirement or welfare benefits or similar payments

and in no event should be considered as compensation for, or relating in any way to, past

services for the Company, the Employer or any subsidiary or affiliate of the Company;

(j)the future value of the shares of Stock underlying the Restricted Stock Units is unknown,

indeterminable, and cannot be predicted with certainty;

(k)upon vesting of the Restricted Stock Units, the value of such shares of Stock may increase or

decrease in value;

(l)no claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted

Stock Units resulting from (A) termination of the Participant's employment (for any reason

whatsoever and whether or not in breach of local labor laws or later found invalid), and/or (B)

from the application of any clawback or recoupment policy adopted by the Company or

imposed by applicable law, and in consideration of the Restricted Stock Units, the Participant

agrees not to institute any claim against the Company or the Employer;

(m)the Restricted Stock Units and the rights evidenced by this Agreement do not create any

entitlement not otherwise specifically provided for in the Plan to have the Restricted Stock Units

transferred to, or assumed by, another company, nor to be exchanged, cashed out or

substituted for, in connection with any corporate transaction affecting the shares of Stock; and

(n)neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign

exchange rate fluctuation between the Participant's local currency and the U.S. dollar that may

affect the value of the Restricted Stock Units or any amounts due to the Participant pursuant to

the vesting of the Restricted Stock Units or the subsequent sale of any shares of Stock

acquired upon vesting of the Restricted Stock Units.

9.<u>Data Privacy</u>. *If the Participant would like to participate in the Plan, the Participant will need to review*

*the informationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttothe*

*processing of personal data by the Company and the third parties stated below.*

*IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnited*

*Kingdom, pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard,*

*Minneapolis, MN 55426-1347, U.S.A., is the controller responsible for the processing of the*

*Participant's personal data in connection with the Agreement and the Plan.*

*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheParticipant,specifically,theParticipant's*

*name,home addressandtelephonenumber,emailaddress,dateofbirth,social*

*insurance,passportnumberor other identification number, salary, nationality, job title,*

*any shares of Stock or directorships held in the Company or any company subsidiary or*

*affiliate of the Company, details of all Restricted Stock Units or any other entitlement to*

*shares of Stock awarded, canceled, exercised, settled, vested, unvested or outstanding*

*in the Participant's favor, which the Company receives from the Participant orthe*

*Employer(the "Data"). The Company collects,processes anduses the Data for the*

*purposes of performing its contractual obligations under this Agreement, implementing,*

*administering and managing the Participant's participation in the Plan and facilitating*

*compliance with applicable tax and securities law.*

*If theParticipant isbased in theEU,EEAorUnitedKingdom,the legalbasisforthe*

*processingof the Data by the Company is the necessity of the processing for the*

*Company to perform its contractualobligationsunderthisAgreementandthePlanand*

*theCompany'slegitimatebusiness interests of managing the Plan, administering*

*employee equity awards and complying with its contractual and statutory obligations.*

*IftheParticipantisbasedinanyotherjurisdiction,thelegalbasisfortheprocessingofthe*

*Databy the Company is the Participant's consent as further described below.*

(b)*<u>Stock</u><u>Plan</u><u>Administration</u><u>Service</u><u>Providers</u>.The CompanytransfersData to E\*TRADE*

*Financial CorporateServices,Inc.(includingitsaffiliatedcompanies),anindependent*

*serviceproviderwhich assiststheCompanywiththeimplementation,administrationand*

*managementofthePlan.Inthe future, the Company may select a different service*

*provider, which will in a similarmanner, share Data with such service provider. The*

*Company's service providerwillmaintain anaccount forthe Participanttoadministerthe*

*RestrictedStockUnits.TheprocessingofDatawilltakeplacethrough both electronic and*

*non-electronic means. Data will only be accessible by those individuals requiring access*

*to it for purposes of implementing, administering and operating the Plan.*

(c)*<u>International Data Transfers</u>. The Company and its service providers are based in the*

*United StatesandIndia.TheParticipant'scountryorjurisdictionmayhavedifferentdata*

*privacylawsand protections than the United States and India. An appropriate level of*

*protection can be achieved by implementing safeguards such as the Standard*

*Contractual Clauses adopted by the EU Commission.*

*IftheParticipantisbasedinanyotherjurisdiction,theDatawillbetransferredfromthe*

*Participant's jurisdiction to the Company and onward from the Company to any of its*

*service providers based on the Participant's consent, as further described below.*

(d)*<u>Data</u><u>Retention</u>.TheCompanywillusetheDataonlyaslongasnecessarytoimplement,*

*administer and manage the Participant's participation in the Plan, or as required to*

*comply with legal or regulatoryobligations,includingtaxand securities laws.When the*

*Companyno longerneedsthe Data,theCompany willremoveitfromitssystems.Ifthe*

*Companykeepsdata longer,itwouldbe to satisfy legalorregulatory obligations andthe*

*Company's legalbasis would be relevant laws or regulations (ifthe Participant is inthe*

*EU, EEAorUnitedKingdom)orthe Participant's consent (if the Participant is outside the*

*EU, EEA or United Kingdom).*

(e)*<u>Data Subject Rights</u>. The Participant may have a numberof rights underdata privacy*

*laws in the Participant's jurisdiction. Subject to the conditions setout in the applicable law*

*and depending on wheretheParticipantisbased,suchrights mayincludethe rightto(i)*

*requestaccess to,orcopies of,theDataprocessedbytheCompany,(ii)rectificationof*

*incorrectData,(iii)deletionofData,(iv) restrictions on theprocessingof Data, (v)object*

*to theprocessingof Dataforlegitimate interests,*

*(vi) portability of Data, (vii) lodge complaints with competent authorities in the*

*Participant's jurisdiction, and/orto (viii) receive a list with the names and addresses of*

*any potentialrecipients of Data. To receive clarification regarding these rights or to*

*exercise these rights, the Participant can contact HR Direct.*

(f)*<u>Necessary Disclosure</u><u>of</u><u>Personal</u><u>Data</u>. The Participantunderstands thatprovidingthe*

*Company with Data is necessary forthe performance of the Agreementand that the*

*Participant's refusal to provide the Data would make it impossible for the Companyto*

*performitscontractualobligations and may affect the Participant's ability to participate in*

*the Plan.*

(g)*<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom)</u>.*

*The Participant hereby unambiguously consents to the collection, use and transfer, in*

*electronic or other form, of the Data, as described above and in any other grant*

*materials, by and among, as applicable, the Employer, the Company and any of its*

*subsidiary or affiliate for the exclusive purpose of implementing, administering and*

*managing the Participant's participation in the Plan. TheParticipantunderstandsthatthe*

*Participantmay,atanytime,refuseorwithdrawtheconsents herein, in any case without*

*cost, by contacting HR Direct.If the Participant does not consent or laterseekstorevoke*

*theParticipant'sconsent,theParticipant'semploymentstatusorservicewith the*

*Employerwillnotbeaffected;theParticipant'sconsequenceofrefusingorwithdrawing*

*consent isthattheCompanywouldnotbeabletoawardtheParticipantRestrictedStock*

*Unitsoranyother equity award to the Participant oradministeror maintain suchawards.*

*Therefore,theParticipant*

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| | |
|:---|:---|
|  | *understandsthat refusing orwithdrawing consent mayaffect theParticipant'sabilityto participate*<br>*in the Plan. For more information on the consequences of refusal to consent or withdrawal of*<br>*consent, the Participant should contact HR Direct.*<br>|
| 10. | **<u>Clawback</u>**.ThisAwardisspecifically madesubjecttotheCompany'sExecutiveCompensationClawback <br>Policies.<br>|
| 11. | **<u>Insider</u><u>Trading; Market</u><u>Abuse Laws</u>**. By participating in the Plan, theParticipant agrees to comply with the<br>Company'spolicyoninsidertrading (totheextentthatitisapplicabletotheParticipant),theParticipantfurther<br>acknowledges that, depending on the Participant's or his or her broker's country of residence or where the<br>shares of Stock are listed, the Participant may be subject to insider trading restrictions and/or market abuse<br>laws that may affect the Participant's ability to accept, acquire, sell or otherwise dispose of shares of Stock,<br>rightstosharesofStock(e.g.,restrictedstockunits)orrightslinkedtothevalueofsharesofStock,duringsuch<br>times theParticipantis consideredtohave"inside information"regarding theCompanyasdefinedbythe laws<br>or regulations in the Participant's country. Local insider trading laws and regulations may prohibit the<br>cancellation or amendment of orders the Participant places before he or she possessed inside information.<br>Furthermore, the Participant could be prohibited from (i)disclosing the inside information to any third party<br>(other than on a "need to know" basis) and (ii) "tipping" third parties or causing them otherwise to buy or sell<br>securities.TheParticipantunderstandsthatthirdparties includefellowemployees.Anyrestrictionunderthese<br>laws or regulations are separate from and in addition to any restrictions that may be imposed under any<br>applicable Company insider trading policy. The Participant acknowledges that it is the Participant's<br>responsibility to comply with any applicable restrictions, and that the Participant should therefore consult the<br>Participant's personal advisor on this matter.<br>|
| 12. | **<u>Electronic Delivery</u>**. The Participant agrees, to the fullest extent permitted by law, in lieu of receiving<br>documents in paper format, to accept electronic delivery of any documents that the Company and its<br>subsidiariesoraffiliatesmaydeliverinconnectionwiththisgrantandanyothergrantsofferedbytheCompany,<br>including prospectuses, grant notifications, account statements, annual or quarterly reports, and other<br>communications. Electronic delivery of a document may be made via the Company's email system or by<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Participant hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 13. | **<u>English Language</u>**. The Participant acknowledges and agrees that it is the Participant's express intent that<br>this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or<br>institutedpursuanttotheRestrictedStockUnitsbedrawnupinEnglish.TotheextenttheParticipanthasbeen<br>providedwitha copy of thisAgreement,thePlan,oranyotherdocumentsrelating to this Award ina language<br>other than English, the English language documents willprevail in case of any ambiguities ordivergences as<br>a result of translation, unless otherwise required under applicable law.<br>|
| 14. | **<u>Addendum.</u>** Notwithstanding any provisions in this Agreement, the Restricted Stock Unitsshall be subject to<br>anyadditionalordifferentltermsandconditionssetforthintheCountry-SpecificAddendumtothisAgreement<br>(the "Addendum"). Moreover, if the Participant transfers to one of the countries included in such Addendum,<br>theadditionalordifferent termsand conditions for such country willapply to the Participant, to the extent the<br>Company determines that the application of such terms and conditions is necessary or advisable to comply<br>with local lawor facilitate the administration of the Plan (or the Company may establish alternative terms and<br>conditions as may be necessary or advisable to accommodate the Participant's transfer). The Addendum<br>constitutes part of this Agreement.<br>|
| 15. | **<u>Not a Public Offering</u>**. The award of the Restricted Stock Units is not intended to be a public offering of<br>securities in the Participant's country of employment (or country of residence, if different). The Company has<br>notsubmittedanyregistrationstatement,prospectusorotherfilingswiththelocalsecuritiesauthorities(unless<br>otherwiserequiredunderlocallaw),andtheawardoftheRestrictedStockUnitsisnotsubjecttothesupervision<br>of the local securities authorities. *No employee of the subsidiaries or affiliates is permitted to advise the*<br>*Participantonwhetherhe/sheshouldparticipateinthePlan.AcquiringsharesofStockinvolvesadegreeof*<br>|

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| | |
|:---|:---|
|  | *risk. Beforedeciding toparticipateinthePlan,theParticipant should carefullyconsiderallriskfactorsrelevant*<br>*to the acquisition of shares of Stock under the Plan and carefully review all of the materials related to the*<br>*RestrictedStockUnitsandthePlan.Inaddition,theParticipantshouldconsultwithhis/herpersonaladvisorfor*<br>*professional investment advice.*<br>|
| 16. | **<u>Repatriation; Compliance with Law.</u>**The Participant agrees to repatriate all payments attributable to the<br>sharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchangerulesand<br>regulations in the Participant's country of employment (and country of residence, if different). In addition, the<br>Participant agrees to take any and all actions, and consent to any and all actions taken by the Company and<br>any of its subsidiaries oraffiliates, asmay be required to allow the Company and any of itssubsidiaries and<br>affiliates to comply with local laws, rules and/or regulations in the Participant's country of employment (and<br>countryofresidence,ifdifferent).Finally,theParticipantagreesto takeanyandallactionsasmayberequired<br>to comply with the Participant's personal obligations under local laws, rules and/or regulations in the<br>Participant's country of employment and country of residence, if different).<br>|
| 17. | **<u>Imposition of Other Requirements.</u>**The Company reserves the right to impose other requirements on the<br>Participant'sparticipationinthePlan,ontheRestrictedStockUnits,andonanysharesofStockacquiredunder<br>thePlan,totheextenttheCompanydeterminesitisnecessaryoradvisableforlegaloradministrativereasons,<br>and to require the Participant to sign any additional agreements or undertakings that may be necessary to<br>accomplish the foregoing.<br>|
| 18. | **<u>Committee's</u><u>Powers</u>.**NoprovisioncontainedinthisAgreementshallinanywayterminate,modifyoralter,or<br>be construed or interpreted as terminating, modifying oraltering any of the powers, rights orauthority vested<br>in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions<br>adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and<br>electionswith respecttothe RestrictedStockUnits.AnydisputeregardingtheinterpretationofthisAgreement<br>or the terms of the Plan shallbe submitted to the Committee or its delegate who shallhave the discretionary<br>authority to construe the terms of this Agreement, the Plan, and all documents ancillary to this Award.The<br>decisions of the Committee or its delegate shall be final and binding and any reviewing court of law or other<br>party shall defer to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended<br>that this review standard subject the Plan orAward to the U.S. Employee Retirement Income Security Act**.**<br>|
| 19. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe <br>Company and all persons lawfully claiming under the Participant.<br>|
| 20. | **<u>Governing Law and Forum</u>**. Without limiting the effect of section 17, this Agreement shall be governed by,<br>and construed in accordance with, the lawsof the State of Delaware without regard to principlesof conflict of<br>laws.<br>|
| 21. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 22. | **<u>Waiver</u>**. The waiver by the Company with respect to the Participant's (or any other participant's) compliance<br>with any provision of this Agreement shall not operate or be construed as a waiver of any other provision of<br>this Agreement, or of any subsequent breach by such party of a provision of this Agreement.<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>by searching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>availableontheCompany'swebsiteat<u>https://investors.generalmills.com/financial-</u><u>information/sec-</u><br><u>filings/default.aspx</u>. | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>by searching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>availableontheCompany'swebsiteat<u>https://investors.generalmills.com/financial-</u><u>information/sec-</u><br><u>filings/default.aspx</u>. |

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**GENERALMILLS,INC.**

**GENERALMILLS,INC.**

**STOCKOPTIONAWARDAGREEMENT**

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| | | |
|:---|:---|:---|
| **OPTIONEE:** | **OPTIONEE:** | [CEO] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **This Award is made under the General Mills, Inc. 2022 Stock CompensationPlan(the "Plan"), and is subjectto**<br>**the terms and conditions contained in the Plan document and this Stock Option Award Agreement**<br>**("Agreement").TheOptionee:(i)acknowledgesreceiptofacopyofthePlanandPlanprospectus,(ii)represents**<br>**that the Optionee hascarefullyread andis familiarwith the provisions ofthis Agreementand the Plan, and (iii)**<br>**herebyaccepts the Stock Option subject to all of the terms and conditions set forth herein, and in the Plan.If**<br>**the Optionee does not wish to receive the Stock Option and/or does not consent and agree to the terms and**<br>**conditions onwhich theStock Option is offered,assetforth in this Agreementand the Plan, then the Optionee**<br>**mustrejectthis Awardvia thewebsite ofthe Company's designatedbroker,nolater than60 days followingthe**<br>**Grant Date.If the Optionee rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Optionee'sexerciseofthisAwardwillalsoconstitutetheOptionee'sacceptanceofthisAwardandalltermsand**<br>**conditions of this Award, as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock CompensationPlan(the "Plan"), and is subjectto**<br>**the terms and conditions contained in the Plan document and this Stock Option Award Agreement**<br>**("Agreement").TheOptionee:(i)acknowledgesreceiptofacopyofthePlanandPlanprospectus,(ii)represents**<br>**that the Optionee hascarefullyread andis familiarwith the provisions ofthis Agreementand the Plan, and (iii)**<br>**herebyaccepts the Stock Option subject to all of the terms and conditions set forth herein, and in the Plan.If**<br>**the Optionee does not wish to receive the Stock Option and/or does not consent and agree to the terms and**<br>**conditions onwhich theStock Option is offered,assetforth in this Agreementand the Plan, then the Optionee**<br>**mustrejectthis Awardvia thewebsite ofthe Company's designatedbroker,nolater than60 days followingthe**<br>**Grant Date.If the Optionee rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Optionee'sexerciseofthisAwardwillalsoconstitutetheOptionee'sacceptanceofthisAwardandalltermsand**<br>**conditions of this Award, as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock CompensationPlan(the "Plan"), and is subjectto**<br>**the terms and conditions contained in the Plan document and this Stock Option Award Agreement**<br>**("Agreement").TheOptionee:(i)acknowledgesreceiptofacopyofthePlanandPlanprospectus,(ii)represents**<br>**that the Optionee hascarefullyread andis familiarwith the provisions ofthis Agreementand the Plan, and (iii)**<br>**herebyaccepts the Stock Option subject to all of the terms and conditions set forth herein, and in the Plan.If**<br>**the Optionee does not wish to receive the Stock Option and/or does not consent and agree to the terms and**<br>**conditions onwhich theStock Option is offered,assetforth in this Agreementand the Plan, then the Optionee**<br>**mustrejectthis Awardvia thewebsite ofthe Company's designatedbroker,nolater than60 days followingthe**<br>**Grant Date.If the Optionee rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Optionee'sexerciseofthisAwardwillalsoconstitutetheOptionee'sacceptanceofthisAwardandalltermsand**<br>**conditions of this Award, as set forth in this Agreement and the Plan.** |
| **THISAWARD,datedon thebelowGrantDate,ismadeby GeneralMills,Inc.,(the"Company"),andmadetothe** <br>**person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THISAWARD,datedon thebelowGrantDate,ismadeby GeneralMills,Inc.,(the"Company"),andmadetothe** <br>**person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THISAWARD,datedon thebelowGrantDate,ismadeby GeneralMills,Inc.,(the"Company"),andmadetothe** <br>**person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award of Stock Option</u>**. The Company grants to the Optionee under the Plan the following non-qualified option to<br>purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option granted<br>pursuant to this Agreement is referred to asthe "StockOption"and subject to theterms in this Agreement.Exceptas<br>otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan. | **<u>Award of Stock Option</u>**. The Company grants to the Optionee under the Plan the following non-qualified option to<br>purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option granted<br>pursuant to this Agreement is referred to asthe "StockOption"and subject to theterms in this Agreement.Exceptas<br>otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan. |
|  | **GrantDate:** |  |
|  | **ExpirationDate:** |  |
|  | **OptionShares:** |  |
| **ExercisePricepershare:** | **ExercisePricepershare:** | **ExercisePricepershare:** |
|  | **TypeofStockOption:** |  |
| 2. | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u><u>Forfeiture of</u><u>Stock</u><u>Option.</u>** | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u><u>Forfeiture of</u><u>Stock</u><u>Option.</u>** |
|  | (a)**Vesting Schedule**. The Stock Option shall vest and become exercisable in tranches, each tranche having<br>its own 12 month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**Forfeiture of Stock Option**. The Optionee acknowledges that the Stock Options granted hereunder are<br>subject to forfeiture, and/or limited exercise period, if the Optionee's employmentwith the Company or any<br>subsidiary or affiliate of the Company terminates under certain circumstances, as herein provided. | (a)**Vesting Schedule**. The Stock Option shall vest and become exercisable in tranches, each tranche having<br>its own 12 month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**Forfeiture of Stock Option**. The Optionee acknowledges that the Stock Options granted hereunder are<br>subject to forfeiture, and/or limited exercise period, if the Optionee's employmentwith the Company or any<br>subsidiary or affiliate of the Company terminates under certain circumstances, as herein provided. |

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(i)*TerminationforCause.*If the Optionee'semployment with the Company is terminatedatany time prior

to the Expiration Date by a discharge due to Optionee's illegal activities, poor work performance,

misconduct orviolationofthe Company's Code of Conduct, policiesorpractices, then,totheextentthe

StockOptionisvestedasoftheTerminationDate,thosetranchesshallexpirethree(3)monthsafterthe

TerminationDate(butinnoeventbeyondtheExpirationDate);and,ifandtotheextenttheStockOption

is not fully vested as of the Termination Date, tranches not fully vested shall for no consideration be

cancelled and forfeited immediately with no ability to be exercised. For the avoidance of doubt,

"Termination Date" for purposes of this Award will be deemed to occur as of the date Optionee is no

longeractively providing services as an employee, unless otherwise determined by the Company in its

sole discretion, and no vesting shall continue during any notice period that may be specified under

contractorapplicablelawwithrespecttosuchtermination,includingany"gardenleave"orsimilarperiod,

except as may otherwise be permitted in the Company's sole discretion.

(ii)*Involuntary Termination/Early Retirement.* If the Optionee's employment by the Company terminates

involuntarily at the initiation of the Company for any reason other than specified in Plan Section 11, or

(i),(iv)or(v)hereinand(A)if,andtotheextent,theAward'stranchesarealreadyvestedandexercisable

ontheTerminationDate,theyshallremainexercisableforthelesserofone(1)yearfromtheTermination

Date, or until the Expiration Date; and (B) if, and to the extent, tranches of the Award are not vested,

solely the unvested tranche of the Award with a Scheduled Date Exercisable within 12 months of the

Termination Date shall vestandbecomeexercisable asof the Termination Date, inanamountequalto

the pro-rata amount based on actual employment completed during the tranche's 12 month vesting

period, with such newly-exercisable Stock Options remaining exercisable for one (1) year from the

Termination Date.Stock Options that do not become vested and exercisable based on the previous

provisions shall be forfeited as of the Termination Date. No Stock Options shall vest upon involuntary

termination under this provision without the execution (without revoking) of an effective general legal

releaseandsuchotherdocumentsasaresatisfactorytotheCompany.IftheOptioneeretiresonorafter

age 55 butbefore age62, theprovisionsof thisparagraphshall applyexceptanyvestedStock Options

as of the Termination Date shall remain exercisable until the Expiration Date.

(iii)*Death.* If an Optionee dies while employed with the Company or any subsidiary or affiliate of the

Company during any applicable vesting period, this Award shall become fully vested and exercisable

upon death and may be exercised by the person designated as such Optionee's beneficiary or

beneficiaries or, in the absence of such designation, by the Optionee's estate. The Stock Option shall

remain exercisable until the Expiration Date.

(iv)*Normal Retirement.*If the termination of employment is due to retirement on or after age 62, this

Award's tranches shallcontinue to vest and become exercisable on each respective Scheduled Date

Exercisable, remaining exercisable until the Expiration Date. Notwithstanding the above, if the

Termination Date is within twelve months of the Grant Date, the Award shall vest on a pro rata basis

based on employment completed from Grant Date to the Termination Date within the first year after

Grant Date and shall be exercisable until the Expiration Date beginning on the Scheduled Date

Exercisableforthetranche to whichtheoptionbelongs. StockOptionsthatdonotbecomevested and

exercisable based on the previous provisions shall be forfeited as of the Termination Date.

(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture, cessation,

transfer, or spin-off of a line of business or other activity of the Company, the Committee, in its sole

discretion, shall determine the conversion, vesting, or other treatment of the Stock Option.

3.**<u>Exercise of</u><u>the</u><u>Option.</u>**

(a)**MethodofExercise**.OptioneemayexercisethevestedportionoftheStockOption(providedtheFairMarket

Value of the shares of Common Stock exercised exceeds theexercise price)priorto the Expiration Dateof

theStockOptionbydeliveringanoticeofexerciseinsuchformasmaybedesignatedbythe Companyfrom

time to time, or making the required electronic election with the Company's designated broker, and paying

the exercise price and anyTax-Related Items (as definedin section 5 below) and costs to theCompany's

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| | |
|:---|:---|
|  | stockplanadministratororsuchotherpersonas the Companymaydesignate, togetherwithsuchadditional <br>documents as the Company may then require pursuant to the terms of the Plan.<br>(b)**Method of Payment**. Payment of the exercise price may be made by one of the methods available under<br>the Company's exercise procedures, which may include:<br>(i)Paymentbycashor check.<br>(ii)PaymentbytransfertotheCompanyofwholesharesofCommonStockOptioneealreadyownshaving<br>aFairMarketValuedeterminedatthetimeofexerciseoftheStockOptionequalto,butnotexceeding,<br>the exercise price and any Tax-Related Items; and<br>(iii)A "samedaysale"transactionpursuanttowhichathirdparty(engagedby youorthe Company)loans<br>fundstoyoutoenableyoutopurchasesharesofCommonStockandpayanyTax-RelatedItems,and<br>then sells asufficientnumberof theexercised sharesofCommonStock on yourbehalf to enable you<br>torepaytheloanandanyfees.TheremainingsharesofCommonStockand/orcasharethendelivered<br>by the third party to the Optionee.<br>TheCompanymaysuspend,oreliminate,variousformsofpermissiblepaymentoftheexercisepricefromtime<br>totimeinitssolediscretion.Further,notwithstandinganyprovisionwithinthisAgreementtothecontrary,ifthe<br>Optionee is a resident orprovides services outside of the United States, the Committee may require that the<br>Optionee(orintheeventoftheOptionee'sdeath,hisorherlegalrepresentative,asthecasemaybe)exercise<br>the Stock Option in a method other than as specified above, may require the Optionee to exercise the Stock<br>Option only by means of a "same day sale" transaction (either a "sell-all" transaction or a "sell-to-cover"<br>transaction)as itdetermines in its sole discretion,ormay require theOptioneeto sell any shares of Common<br>Stock the Optionee acquires under the Plan immediately or within a specified period following the Optionee's<br>terminationofemploymentwiththeCompanyoranysubsidiaryoraffiliateoftheCompany(inwhichcase,the<br>OptioneeherebyagreesthattheCompanyshallhavetheauthoritytoissuesaleinstructionsinrelationtosuch<br>shares on the Optionee's behalf).<br>(c)**ResponsibilityforExercise.**TheOptionee isresponsiblefortakinganyandall actionsasmayberequired<br>to exercise theStock Option in a timelymannerand forproperly executing any such documentsasmaybe<br>requiredforexerciseinaccordancewithsuchrulesandproceduresasmaybeestablishedfromtimetotime.<br>TheOptioneeacknowledgesthat information regardingtheproceduresand requirementsfortheexerciseof<br>theStockOption isavailabletotheOptioneeonrequest.<u>Neither</u><u>the Company</u><u>nor</u><u>any</u><u>subsidiary</u><u>or</u><u>affiliate</u><br><u>of the Company shall</u><u>have any duty or</u><u>obligation to notify you of the Expiration Date of the Option.</u><br>|
| 4. | **<u>Non-Transferability</u>.** The StockOptionmaynot be sold,assigned,pledged, exchanged,hypothecated,encumbered,<br>disposed of, orotherwise transferred, unless otherwise provided in the Plan orthis Agreement.Upon any attempt to<br>transfer, assign, pledge, hypothecate or otherwise dispose of the Stock Option or of such rights contrary to the<br>provisions hereof or in the Plan, the Stock Option and such rights shall immediately become null and void.<br>|
| 5. | **<u>Withholding of</u><u>Tax</u>**.The Optioneeacknowledgesthat, regardlessofanyaction takenbythe Companyor, ifdifferent,<br>thecompanysubsidiaryoraffiliateoftheCompanythatemploystheOptionee(the"Employer"),theultimateliabilityfor<br>all income tax, social contributions, payroll tax, fringe benefits tax, payment on account, hypothetical tax orothertax-<br>related items related to the Optionee's participation in the Plan and legally applicable to the Optionee or deemed by<br>theCompanyortheEmployerintheirdiscretion tobean appropriatecharge to theOptioneeeven if legallyapplicable<br>to the Company orthe Employer ("Tax-Related Items"), isand remains the Optionee's responsibility and may exceed<br>the amount actually withheld by the Company or the Employer, if any. The Optionee further acknowledges that the<br>Companyand/ortheEmployer(a)makenorepresentationsorundertakingsregardingthetreatmentofanyTax-Related<br>Items in connection with any aspect of the Stock Option, including, but not limited to, the grant, vesting, exercise and<br>the subsequent sale of shares of Common Stock acquired pursuant to such vesting and exercise and the receipt of<br>any dividends; and(b)do not commit to andare underno obligation to structuretheterms of the grant or any aspect<br>of the Stock Option to reduce or eliminate the Optionee's liability for Tax-Related Items or achieve any particular tax<br>result. Further, if the Optionee issubject to Tax-Related Items in more than one jurisdiction between the Grant Date<br>|

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|:---|:---|
|  | and the date of any relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the<br>Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-<br>Related Items in more than one jurisdiction.<br>Prior to the relevant taxable or tax withholding event, as applicable, the Optionee agrees to make adequate<br>arrangements satisfactory tothe Companyand/ortheEmployerto satisfy allTax-RelatedItems. In this regard,unless<br>otherwise approved bythe Committee, the Company shallsatisfythe obligations with regard toall Tax-Related Items<br>by one ora combination of the following: (i) withholding from the Optionee's wages or other cash compensation paid<br>totheOptioneebytheCompanyand/ortheEmployer;(ii)withholdingfromthesharesofCommonStocktobedelivered<br>upon settlement of theStock Option orotherawardsgranted to theOptioneeor (iii) permitting the Optionee to tender<br>to the Company cash or, if allowed by the Committee, shares of Common Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering<br>applicable statutory withholding rates (asdetermined bythe Company in good faith and in its solediscretion)orother<br>applicable withholding rates, including maximum applicable rates, in which case the Optionee will receive a refund of<br>anyover-withheld amount and willhavenoentitlement to the share equivalent. If the obligation forTax-Related Items<br>is satisfied by withholding from the sharesof Common Stock to be delivered uponvesting of the Stock Option, fortax<br>purposes, the Optionee is deemed to have been issued the full number of shares of Common Stock subject to the<br>StockOption,notwithstandingthatanumberofsharesofCommonStockareheldbacksolelyforthepurposeofpaying<br>the Tax-Related Items. The Optionee willhave no furtherrights with respect to anysharesof Common Stock that are<br>retained by the Company pursuant to this provision.<br>The Optionee agrees to pay to the Company orthe Employerany amount of Tax-Related Items that the Company or<br>the Employer may be required to withhold or account for as a result of the Optionee's participation in the Plan that<br>cannotbesatisfiedbythemeanspreviouslydescribed.TheCompanymayrefusetoissueordeliversharesofCommon<br>Stock or proceeds from the sale of shares of Common Stock until arrangements satisfactory to the Company have<br>been made in connection with the Tax-Related Items.<br>|
| 6. | **<u>Restrictive Covenants; Confidential Information; Work Product</u>**. The Optionee agrees to cooperate with the <br>Company inanywayneeded inorderto complywithorfulfillthetermsofthePlanand this Grant document.Asa <br>term and condition of this Grant, Optionee agrees to the following terms:<br>a.I agreetouse General Mills ConfidentialInformationonly asneeded intheperformance ofmyduties,<br>to hold and protect such information as confidential to the Company, and not to engage in any<br>unauthorized use or disclosure of such information for so long as such information qualifies as<br>Confidential Information. I agree that after my employment with the Company terminates for any<br>reason, including "retirement" as that term is used in the Plan, I will not use or disclose, directly or<br>indirectly, Company Confidential Information or trade secrets for any purpose, unless I get the prior<br>written consent of my manager to do so.<br>This document does not prevent me from filing a complaint with a government agency (including the<br>Securities and Exchange Commission, Department of Justice, Equal Employment Opportunity<br>Commissionand others)orfrom participating in an agency proceeding. This documentalsodoes not<br>prevent me from providing an agency with information, including this document, unless such<br>information is legally protected from disclosure to third parties.I do not need prior company<br>authorization to take these actions, nor must I notify the company I have done so.<br>Also,asprovidedin18 U.S.C.1833(b),I cannotbeheldcriminallyorcivilly liableunderanyfederalor<br>statetradesecretlawformakingatradesecretdisclosure:(A)inconfidencetoafederal,state,orlocal<br>governmentofficial,eitherdirectlyor indirectly, ortoan attorney, solelyfor thepurposeofreportingor<br>investigating a suspected violation of law;or(B)in a complaint orotherdocument filed in a lawsuitor<br>other proceeding, if such filing is made under seal.<br>General Mills Confidential Information means any non-public information I create, receive, use or<br>observeintheperformanceofmyjobatGeneralMills,includingtradesecrets.Examplesof<br>|

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ConfidentialInformationincludemarketing,merchandising,businessplans,businessmethods,pricing,

purchasing, licensing, contracts, employee, supplier or customer information, customer, vendor or

partner client or contact lists, financial data, technological developments, manufacturing processes

andspecifications,productformulas,ingredientspecifications,softwarecode,andallotherproprietary

information which is not publicly available to others.

Priorto leaving the Company, Iagree to returnallmaterials in mypossession containing Confidential

Information,as well asall other documents and other tangible itemsprovidedtome by General Mills,

or developed byme in connection with my employment with the Company.

b.I agree to promptly tell General Mills about any ideas, concepts, improvements, designs, inventions,

discoveries, and creative works (collectively, "Work Product") which I conceive or create during my

employment with General Mills which relate to General Mills' businesses.

I further agree to immediately, automatically and irrevocably assign, and hereby do assign, to

General Mills any and all intellectual property rights in and to such Work Product, and all such

intellectual property rights shall be solely and exclusively owned by General Mills."Intellectual

property rights"meanspatentrights, copyrights, trade secretrights,tradedressrights,trademark

rights and all comparable rights throughout the world.

DuringmyemploymentwithGeneralMills and anytime thereafter,I willtakeallnecessarysteps,at

General Mills' request and expense, but without further compensation to me, to execute any

instruments necessary to enable General Mills or General Mills' nominee to register intellectual

property rights throughout the world.

AfterI leave GeneralMills, IagreetohelpGeneralMills ineverywaypossible inany governmentor

legal proceedings pertaining to any General Mills intellectual property rights.

c.[*This Section 6.c. does not apply to California, Colorado, Minnesota, and Washington -based*

*employees.*]Iagree thatforone yearafterIleave the Company,including retiring fromthe Company,

I will not work on any product, brand category, process, or service: (A) on which I worked, or about

which I had access to Confidential Information, in the year immediately preceding my termination

(including retirement) from General Mills, and (B) which competeswith General Mills products,brand

categories, processes, or related services.

d.I agree that forone yearafter I leave General Mills, including retiring from the Company, I will refrain

fromdirectlyorindirectlysolicitingCompanyemployeesforthepurposeofhiringthemorinducingthem

to leave their employment with the Company.

e.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely refrain

fromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsolicitingtheCompany's

customers.

AbreachoftheobligationssetforthinthisparagraphmayresultintherescissionoftheGrant,terminationandforfeiture

of any unvested or un-exercised Options, and/or required payment to Company of all or a portion of any monetary

gains acquiredbyOptioneeasa resultoftheGrant,unlessthe Grantvestedand was settledmorethanfour(4)years

priortothebreach.Theforegoing remedies are inadditionto, and not in lieuof injunctive reliefand/oranyotherlegal

or equitable remedies available under applicable law

7.**<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheStockOption,theOptioneeacknowledgesandagreesthat:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be

modified, amended, suspended or terminated by the Company, in its sole discretion, at any

time (subject to any limitations set forth in the Plan);

(b)thePlanisoperatedandtheOptionsaregrantedsolelybytheCompanyandonlytheCompany

is a party to this Agreement; accordingly, any rights the Optionee may have under this

Agreement may be raised only against the Company but not any subsidiary or affiliate of the

Company (including, but not limited to, the Employer);

(c)no subsidiary oraffiliate of the Company (including, but not limited to, the Employer) has any

obligation to make any payment of any kind to the Optionee under this Agreement;

(d)thegrantoftheStock Option is voluntary andoccasional anddoesnot create anycontractual

orother rightto receivefuturegrantsofstockoptions,orbenefitsinlieuofstockoptions,even

if stock options or other awards have been granted in the past;

(e)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;

(f)theOptionee'sparticipationinthePlanis voluntary;

(g)the Stock Option and the Optionee's participation in the Plan shall not create a right to

employmentorbeinterpretedasforminganemployment contractwith the Company oranyof

its subsidiaries or affiliates and shall not interfere with the ability of the Company or the

Employer, as applicable, to terminate the Optionee's employment relationship (as otherwise

may be permitted under local law);

(h)unless otherwise agreed with the Company, the Stock Option and any shares of Common

StockacquireduponvestingandexerciseoftheStockOption,andtheincomefromandvalue

of same,arenotgrantedas consideration for,orin connection with,anyservicethe Optionee

may provide as a director of any subsidiary or affiliate of the Company;

(i)the Stock Option and any shares of Common Stock acquired under the Plan and the income

andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating

any severance, resignation, termination, redundancy, dismissal, end-of-service payments,

bonuses, long-service awards, pension or retirement or welfare benefits or similar payments

and in no event should be considered as compensation for, or relating in any way to, past

services for the Company, the Employer or any subsidiary or affiliate of the Company;

(j)the future value of the shares of Common Stock underlying the Stock Option is unknown,

indeterminable, and cannot be predicted with certainty;

(k)if theunderlying sharesofCommonStockdonot increaseinvalue,theStockOption willhave

no value;

(l)upon exercise of the Stock Option, the value of such sharesof Common Stock may increase

or decrease in value, even below the exercise price;

(m)no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock

Optionresultingfrom(A)terminationoftheOptionee'semployment(foranyreasonwhatsoever

and whether or not in breach of local labor laws or later found invalid), and/or (B) from the

application of any clawback or recoupment policy adopted by the Company or imposed by

applicable law, and in consideration of the Stock Option, the Optionee agrees not to institute

any claim against the Company or the Employer;

(n)theStockOptionandtherightsevidencedbythisAgreementdonotcreateanyentitlementnot

otherwisespecificallyprovidedforinthePlantohavetheStockOptiontransferredto,or

assumedby,anothercompany,nortobeexchanged,cashedoutorsubstitutedfor,in

connection with any corporate transaction affecting the shares of Common Stock; and

(o)neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign

exchange rate fluctuation between theOptionee's localcurrency and the U.S.dollarthatmay

affect the value of the Stock Option or any amounts due to the Optionee pursuant to the

exerciseoftheStockOptionorthesubsequentsaleofanysharesofCommonStockacquired

upon exercise of the Stock Option.

8.**<u>Data Privacy</u>**. *If the Optionee would like to participate in the Plan, the Optionee will need to review the information*

*providedinthisSection8and, whereapplicable,declaretheOptionee'sconsenttotheprocessingofpersonaldataby*

*the Company and the third parties stated below.*

*If the Optionee is based in the European Union ("EU"), European Economic Area ("EEA")or United Kingdom, please*

*note that General Mills, Inc. with registered address at One General Mills Boulevard, Minneapolis, MN 55426-1347,*

*U.S.A.,isthecontrollerresponsiblefortheprocessingoftheOptionee'spersonaldatainconnectionwiththeAgreement*

*and the Plan.*

*(a)<u>Data Collection</u><u>and Usage</u>. The Company collects, processes,uses and transferscertain personally-*

*identifiable information about the Optionee, specifically, the Optionee's name, home address and*

*telephone number, email address, date of birth, social insurance, passport number or other*

*identification number, salary, nationality, job title, any shares of Stock or directorships held in the*

*Company or any subsidiary or affiliate of the Company, details of all Stock Options or any other*

*entitlementtosharesofStockawarded,canceled,exercised, settled,vested,unvestedoroutstanding*

*in the Optionee's favor, which the Company receives fromthe Optionee ortheEmployer(the "Data").*

*The Company collects, processes and uses the Data for the purposes of performing its contractual*

*obligations under this Agreement, implementing, administering and managing the Optionee's*

*participation in the Plan and facilitating compliance with applicable tax and securities law.*

*If the Optionee is based in the EU, EEA or United Kingdom, the legal basis for the processing of the*

*Data by the Company is the necessity of the processing for the Company to perform its contractual*

*obligations under this Agreement and the Plan and the Company's legitimate business interests of*

*managing the Plan, administering employee equity awards and complying with its contractual and*

*statutory obligations.*

*If the Optionee is based in any other jurisdiction, the legalbasis for theprocessing of the Data by the*

*Company is the Optionee's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE Financial*

*Corporate Services, Inc. (including its affiliated companies), an independent service provider which*

*assists the Company with the implementation, administration and management of the Plan.In the*

*future,theCompanymayselectadifferentserviceprovider,whichwillinasimilarmanner,shareData*

*with such serviceprovider. TheCompany's service providerwillmaintainanaccount fortheOptionee*

*to administer the Stock Options. The processing of Data will take place through both electronic and*

*non-electronic means. Data will only be accessible by those individuals requiring access to it for*

*purposes of implementing, administering and operating the Plan.*

*(c)<u>International Data Transfers</u>. The Company and its service providers are based in the United States*

*and India. TheOptionee'scountry orjurisdiction mayhavedifferentdataprivacy laws and protections*

*than the United Statesand India. An appropriate levelof protection can be achieved byimplementing*

*safeguards such as the Standard Contractual Clauses adopted by the EU Commission.*

*If the Optionee is based in any other jurisdiction, the Data will be transferred from the Optionee's*

*jurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsserviceprovidersbasedonthe*

*Optionee's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement, administer*

*and manage theOptionee'sparticipation in the Plan, oras required to comply withlegalorregulatory*

*obligations, including tax and securities laws.When the Company no longer needs the Data, the*

*Companywillremoveitfromitssystems.IftheCompanykeepsdatalonger,itwouldbetosatisfylegal*

*or regulatory obligations and the Company's legal basis would be relevant laws orregulations (if the*

*Optionee is in the EU, EEA or United Kingdom) or the Optionee's consent (if theOptionee is outside*

*the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Optionee may have a number of rights under data privacy laws in the*

*Optionee'sjurisdiction.Subjecttotheconditions setoutintheapplicablelawanddependingon where*

*theOptioneeisbased,suchrights mayincludethe rightto (i)requestaccessto,orcopiesof,the Data*

*processed bythe Company, (ii) rectificationof incorrect Data, (iii) deletion of Data, (iv) restrictionson*

*the processing of Data, (v) object to the processing of Data for legitimate interests, (vi) portability of*

*Data, (vii) lodge complaints with competent authorities in the Optionee's jurisdiction, and/or to (viii)*

*receivea listwith thenamesandaddressesofanypotentialrecipientsof Data. Toreceive clarification*

*regarding these rights or to exercise these rights, the Optionee can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Optionee understands that providing the Company with*

*DataisnecessaryfortheperformanceoftheAgreementandthattheOptionee'srefusaltoprovidethe*

*Data would make it impossible for the Company to perform its contractualobligations and may affect*

*the Optionee's ability to participate in the Plan.*

*(g)<u>Declaration of Consent (if the Optionee is outside the EU, EEA and United Kingdom)</u>. The Optionee*

*hereby unambiguously consents to the collection, use and transfer, in electronic orotherform, of the*

*Data,asdescribedaboveandinanyothergrantmaterials,byandamong,asapplicable,theEmployer,*

*the Company and any of its subsidiary or affiliate for the exclusive purpose of implementing,*

*administering and managing the Optionee'sparticipation in the Plan. The Optionee understands that*

*the Optionee may, at any time, refuse or withdraw the consents herein, in any case without cost, by*

*contactingHRDirect.IftheOptioneedoesnotconsentorlaterseekstorevoketheOptionee'sconsent,*

*the Optionee's employment status or service with the Employer will not be affected; the Optionee's*

*consequence of refusing orwithdrawing consent is that the Company would notbe able to award the*

*Stock Options to the Optionee or any other equity award to the Optionee or administer or maintain*

*such awards.Therefore, the Optionee understands that refusing or withdrawing consent may affect*

*the Optionee's ability to participate in the Plan. For more information on the consequences of refusal*

*to consent or withdrawal of consent, the Optionee should contact HR Direct.*

9.**<u>Insider</u><u>Trading;</u><u>Market</u><u>Abuse</u><u>Laws</u>**.ByparticipatinginthePlan,theOptioneeagreestocomplywiththeCompany's

policy on insider trading (to the extent that it is applicable to the Optionee), the Optionee further acknowledges that,

depending on the Optionee's or his or her broker's country of residence or where the shares of Common Stock are

listed, the Optionee may be subject to insider trading restrictions and/or market abuse laws that may affect the

Optionee'sabilitytoaccept,acquire,sellorotherwisedisposeofsharesofCommonStock,rightstosharesofCommon

Stock (e.g., stockoptions)orrights linkedto thevalueof sharesof Common Stock,during such times the Optionee is

consideredtohave"insideinformation"regardingtheCompanyasdefinedbythelaws orregulationsintheOptionee's

country.Localinsidertrading lawsand regulationsmayprohibit thecancellationoramendmentoforders theOptionee

placesbeforeheorshepossessedinsideinformation.Furthermore,theOptioneecouldbeprohibitedfrom(i)disclosing

theinsideinformationtoanythirdparty (otherthanona"need to know"basis)and(ii)"tipping"third parties orcausing

them otherwise to buy or sell securities. The Optionee understands that third parties include fellow employees. Any

restriction under these laws or regulations are separate from and in addition to any restrictions that may be imposed

underanyapplicableCompanyinsidertradingpolicy.TheOptioneeacknowledgesthatitistheOptionee'sresponsibility

to comply with any applicable restrictions, and that the Optionee should therefore consult the Optionee's personal

advisor on this matter

10.11.  **<u>Clawback</u>** . This Award is specifically made subject to the Company's Executive Compensation Clawback Policies.  **<u>Electronic Delivery</u>** . The Optionee agrees, to the fullest extent permitted by law, in lieu of receiving documents in paper format, to accept electronic delivery of any documents that the Company and its subsidiaries or affiliates may deliver in connection with this grant and any other grants offered by the Company, including prospectuses, grant notifications, account statements, annual or quarterly reports, and other communications. Electronic delivery of a document may be made via the Company's email system or by reference to a location on the Company's intranet or website or a website of the Company's agent administering the Plan. By accepting this grant, whether electronically or otherwise, the Optionee hereby consents to participate in the Plan through such system, intranet, or website, including but not limited to the use of electronic signatures or click-through electronic acceptance of terms and conditions.

12.  **<u>English</u> <u>Language</u>** . The Optionee acknowledges and agrees that it is the Optionee's express intent that this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or instituted pursuant to the Stock Option be drawn up in English. To the extent the Optionee has been provided with a copy of this Agreement, the Plan, or any other documents relating to this Award in a language other than English, the English language documents will prevail in case of any ambiguities or divergences as a result of translation, unless otherwise required under applicable law.

13.  **<u>Addendum</u>** . Notwithstanding any provisions in this Agreement, the Stock Option shall be subject to any additional or different terms and conditions set forth in the Country-Specific Addendum to this Agreement (the "Addendum"). Moreover, if the Optionee transfers to one of the countries included in such Addendum, the additional or different terms and conditions for such country will apply to the Optionee, to the extent the Company determines that the application of such terms and conditions is necessary or advisable to comply with local law or facilitate the administration of the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate the Optionee's transfer). The Addendum constitutes part of this Agreement.

14.  **<u>Not a Public Offering</u>** . The award of the Stock Option is not intended to be a public offering of securities in the Optionee's country of employment (or country of residence, if different). The Company has not submitted any registration statement, prospectus or other filings with the local securities authorities (unless otherwise required under local law), and the award of the Stock Option is not subject to the supervision of the local securities authorities. No employee of the Company or any of its subsidiaries or affiliates is permitted to advise the Optionee on whether he/she should participate in the Plan. Acquiring shares of Common Stock involves a degree of risk. Before deciding to participate in the Plan, the Optionee should carefully consider all risk factors relevant to the acquisition of shares of Common Stock under the Plan and carefully review all of the materials related to the Stock Option and the Plan. In addition, the Optionee should consult with his/her personal advisor for professional investment advice.

15.  **<u>Repatriation; Compliance with Law</u>** . The Optionee agrees to repatriate all payments attributable to the shares of Common Stock and/or cash acquired under the Plan in accordance with applicable foreign exchange rules and regulations in the Optionee's country of employment (and country of residence, if different). In addition, the Optionee agrees to take any and all actions, and consent to any and all actions taken by the Company and any of its subsidiaries and affiliates, as may be required to allow the Company and any of its subsidiaries or affiliates o comply with local laws, rules and/or regulations in the Optionee's country of employment (and country of residence, if different). Finally, the Optionee agrees to take any and all actions as may be required to comply with the Optionee's personal obligations under local laws, rules and/or regulations in the Optionee's country of employment and country of residence, if different).

16.  **<u>Imposition</u> <u>of</u> <u>Other</u> <u>Requirements</u>.** The Company reserves the right to impose other requirements on the Optionee's participation in the Plan, on the Stock Option, and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

17.  **<u>Committee's Powers</u>.** No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions adopted in

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|:---|:---|
|  | furtheranceofthePlan,including,withoutlimitation,therighttomakecertaindeterminationsandelectionswithrespect<br>to the Stock Option. Any dispute regarding the interpretation of this Agreement or the terms of the Plan shall be<br>submitted to the Committee or its delegate who shall have the discretionary authority to construe the terms of this<br>Agreement, the Plan, andalldocuments ancillary to this Award.The decisions of the Committee or its delegate shall<br>be finaland bindingandany reviewing courtof laworotherparty shall deferto itsdecision,overruling if, and only if, it<br>is arbitrary and capricious. In no way is it intended that this review standard subject the Plan or Award to the U.S.<br>Employee Retirement Income Security Act.<br>|
| 18. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponand inuretothebenefitofany successors tothe Companyand <br>all persons lawfully claiming under the Optionee.<br>|
| 19. | **<u>Governing</u><u>Law</u><u>and</u><u>Forum</u>**.Withoutlimitingtheeffectofsection16,thisAgreementshallbegovernedby,and <br>construed in accordance with, the laws of the State of Delaware without regard to principles of conflict of laws.<br>|
| 20. | **<u>Severability</u>**. TheprovisionsofthisAgreementare severableand ifany oneormore of theprovisions aredetermined<br>to be illegalorotherwise unenforceable, in wholeorin part, the Agreement shallbe reformedand construed so that it<br>wouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformedandconstrued,asifsuch<br>unenforceable provision, or part thereof, had never been contained herein.<br>|
| 21. | **<u>Waiver</u>**. The waiver by the Company with respect to Optionee's (or any other participant's) compliance with any<br>provision of thisAgreement shallnot operate orbe construed as a waiverof any otherprovision of thisAgreement, or<br>of any subsequent breach by such party of a provision of this Agreement<br>|
| A copy of the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is available on G&Me by<br>searching "2022Stock Compensation Plan".A copy of the Company's latestAnnual Report on Form 10-K isalso available<br>on the Company's website at. <u>https://investors.generalmills.com/financial-information/sec-filings/default.aspx</u><br>**GENERALMILLS,INC.** | A copy of the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is available on G&Me by<br>searching "2022Stock Compensation Plan".A copy of the Company's latestAnnual Report on Form 10-K isalso available<br>on the Company's website at. <u>https://investors.generalmills.com/financial-information/sec-filings/default.aspx</u><br>**GENERALMILLS,INC.** |

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**GENERALMILLS,INC.**

**STOCKOPTIONAWARDAGREEMENT**

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| | | |
|:---|:---|:---|
| **OPTIONEE:** | **OPTIONEE:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** |
| **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. |
|  | **GrantDate:** |  |
|  | **ExpirationDate:** |  |
|  | **OptionShares:** |  |
|  | **Exercisepricepershare:** |  |
|  | **TypeofStockOption:** |  |
| 2. | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u> <u>Forfeiture</u>.** |  |
|  | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**ForfeitureofStockOption**.TheOptioneeacknowledgesthattheStockOptionsgrantedhereunder <br>aresubjecttoforfeiture,and/orlimitedexerciseperiod,iftheOptionee'semploymentwiththe | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**ForfeitureofStockOption**.TheOptioneeacknowledgesthattheStockOptionsgrantedhereunder <br>aresubjecttoforfeiture,and/orlimitedexerciseperiod,iftheOptionee'semploymentwiththe |

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Company or any subsidiary or affiliate of the Company terminates under certain circumstances, as

herein provided.

(i)*Resignation orTermination forCause.*If the Optionee's employment with the Company or any

subsidiary or affiliate of the Company is terminated at any time prior to the Expiration Date by

either (i) resignation, or (ii) a discharge due to Optionee's illegal activities, poor work

performance,misconduct orviolation of the Company's Code of Conduct, policiesor practices,

then, to the extent the Option Shares are vested as of the Termination Date, they shall expire

three (3)monthsaftertheTerminationDate(butinnoeventbeyondtheExpirationDate);and,if

and to the extent the Option Shares are not vested as of the Termination Date, the unvested

portions shall for no consideration be cancelled and forfeited immediately with no ability to be

exercised. For the avoidance of doubt, "Termination Date" for purposes of this Award will be

deemedtooccurasofthedateOptioneeisnolongeractivelyprovidingservicesasanemployee,

unlessotherwisedeterminedbytheCompanyinitssolediscretion,andnovestingshallcontinue

during any notice period that may be specified under contract orapplicable law with respect to

such termination, including any "garden leave" or similar period, except as may otherwise be

permitted in the Company's sole discretion.

(ii)*Involuntary Termination.*If the Optionee's employment with the Company or any subsidiary or

affiliate of the Company terminates involuntarily at the initiation of the Company for any reason

otherthanspecifiedinPlanSection 11(*ChangeinControl*),or(i),(iv)or(v)inthissection2,and

only upon the execution (without revoking)of an effective general legal release and such other

documents as are satisfactory to the Company, and to the extent, the Award's tranches are

already vested and exercisable on the Termination Date, they shall remain exercisable for the

lesserof one (1)yearfrom the Termination Date, oruntil the Expiration Date; and if, and to the

extent, tranches of the Award are not vested, solely the unvested tranche of the Award with a

Scheduled Date Exercisable within 12 months of the Termination Date shall vest and become

exercisable as of the Termination Date, in an amount equal to the pro-rata amount based on

employment completed during the tranche's 12 month vesting period, with such newly-

exercisable Stock Options remaining exercisable for one (1) year from the Termination Date.

StockOptionsthatdonotbecomevestedandexercisablebasedonthepreviousprovisionsshall

be forfeited as of the Termination Date.

(iii)*Death.*IfanOptioneedieswhileemployedwiththeCompanyoranysubsidiaryoraffiliateofthe

Company during any applicable vesting period, this Award shall become fully vested and

exercisable upon death and may be exercised by the person designated as such Optionee's

beneficiaryorbeneficiariesor,intheabsenceofsuchdesignation,bytheOptionee'sestate.The

Stock Option shall remain exercisable until the Expiration Date.

(iv)*Retirement.*IftheterminationofemploymentisduetotheOptionee's retirementonorafterage

55 and completion of at least five (5) years of Company service, this Award's tranches shall

continue to vest and become exercisable on each respective Scheduled Date Exercisable,

remaining exercisable until the Expiration Date. Notwithstanding the above, if the Termination

Date is within twelve months of the Grant Date, the Award shall vest on a pro ratabasis based

on employment completed since grant prior to the Termination Date within the first year after

Grant Date and shallbeexercisable until the Expiration Date beginning on the Scheduled Date

Exercisable for the tranche to which the option belongs. The terms of this paragraph (iv) shall

notapplytoanOptioneewho,priortoaChangeofControl,isterminatedforcauseasdescribed

in paragraph (b)(i) above; said Optionee shall be treated as provided in paragraph (b)(i).

(v)*Spin-offs and Other Divestitures.* If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its sole discretion, shall determine the conversion, vesting, orothertreatment of

the Stock Option.

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| | |
|:---|:---|
| 3. | **<u>Exercise of</u><u>the</u><u>Option.</u>** |
|  | (a)**Method of Exercise**. Optionee may exercise the vested portion of the Stock Option (provided the<br>FairMarketValueofthesharesofCommonStockexercisedexceedstheexerciseprice)priortothe<br>Expiration Date of the Stock Option or such earlierdate indicated hereunder by delivering a notice<br>of exercise in such form as may be designated by the Company from time to time, or making the<br>required electronic election with the Company's designated broker, and paying the exercise price<br>and any Tax-Related Items (as defined in section 5 below) and costs to the Company's stock plan<br>administrator or such other person as the Company may designate, together with such additional<br>documents as the Company may then require pursuant to the terms of the Plan.<br>(b)**Method ofPayment**.Paymentof theexercise pricemay be made by one of themethods available<br>under the Company's exercise procedures, which may include:<br>(i)Paymentbycashor check.<br>(ii)Payment by transfer to the Company of whole shares of Common Stock Optionee already<br>ownshavingaFairMarketValuedeterminedatthetimeofexerciseoftheStockOptionequal<br>to, but not exceeding, the exercise price and any Tax-Related Items; and<br>(iii)A"samedaysale"transactionpursuanttowhichathirdparty(engagedbyyouortheCompany)<br>loans funds to you to enable you to purchase shares of Common Stock and pay any Tax-<br>Related Items, and then sells a sufficient number of the exercised shares of Common Stock<br>onyourbehalftoenableyoutorepaytheloanandanyfees.TheremainingsharesofCommon<br>Stock and/or cash are then delivered by the third party to the Optionee.<br>The Companymay suspend,or eliminate, variousforms ofpermissible payment of the exerciseprice<br>fromtimetotimein itssolediscretion. Further, notwithstandinganyprovision withinthisAgreement to<br>the contrary, if the Optionee is a resident or provides services outside of the United States, the<br>Committee may require that the Optionee (or in the event of the Optionee's death, his or her legal<br>representative, as the case may be) exercise the Stock Option in a method other than as specified<br>above, may require the Optionee to exercise the Stock Option only by means of a "same day sale"<br>transaction (either a "sell-all" transaction or a "sell-to-cover" transaction) as it determines in its sole<br>discretion, or may require the Optionee to sell any shares of Common Stock the Optionee acquires<br>under the Plan immediately or within a specified period following the Optionee's termination of<br>employment with the Company or anysubsidiary or affiliate of the Company (in which case, the<br>OptioneeherebyagreesthattheCompanyshallhavetheauthoritytoissuesaleinstructionsinrelation<br>to such shares on the Optionee's behalf).<br>(c)**Responsibilityfor Exercise.** The Optionee is responsible for takinganyand all actionsasmaybe<br>required to exercise the Stock Option in a timely manner and for properly executing any such<br>documents as may be required for exercise in accordance with such rules and procedures as may<br>be established from time to time. The Optionee acknowledges that information regarding the<br>procedures and requirements for the exercise of the Stock Option is available to the Optionee on<br>request. <u>Neither</u><u>the Company</u><u>nor</u><u>any subsidiary or</u><u>affiliate of</u><u>the Company shall have any duty</u><u>or</u><br><u>obligation to notify you of the Expiration Date of the Option.</u><br>|
| 4. | **<u>Non-Transferability</u>.** The Stock Option may not be sold, assigned, pledged, exchanged, hypothecated,<br>encumbered, disposed of, or otherwise transferred, unless otherwise provided in the Plan or this Agreement.<br>Uponanyattemptto transfer,assign,pledge,hypothecateorotherwisedisposeoftheStockOptionorofsuch<br>rights contrary to the provisions hereof or in the Plan, the Stock Option and such rights shall immediately<br>become null and void.<br>|
| 5. | **<u>Withholding of</u><u>Tax</u>**. The Optionee acknowledges that, regardless of any action taken by the Company or, if<br>different, thesubsidiary oraffiliate of the Company that employs the Optionee (the "Employer"), the ultimate<br>liabilityforallincometax,socialcontributions,payrolltax,fringebenefitstax,paymentonaccount,hypothetical<br>|

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tax or other tax-related items related to the Optionee's participation in the Plan and legally applicable to the

Optionee or deemed by the Company or the Employer in their discretion to be an appropriate charge to the

Optioneeeven iflegallyapplicable to the Company orthe Employer("Tax-RelatedItems"), isand remainsthe

Optionee's responsibility and may exceed the amount actually withheld by the Company or the Employer, if

any. The Optionee furtheracknowledges that the Company and/ortheEmployer(a)makeno representations

or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Stock

Option,including,butnotlimitedto,thegrant,vesting,exerciseandthesubsequentsaleofsharesofCommon

Stock acquiredpursuantto such vestingand exerciseandthe receiptofanydividends; and (b) donotcommit

to and are undernoobligation to structure the terms of the grant orany aspect of the Stock Option to reduce

or eliminate the Optionee's liability for Tax-Related Items or achieve any particular tax result. Further, if the

OptioneeissubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrant Dateandthedateof

any relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the Company

and/ortheEmployer(orformeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-Related

Items in more than one jurisdiction.

Prior to the relevant taxable or tax withholding event, as applicable, the Optionee agrees to make adequate

arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,

unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-

RelatedItemsbyoneoracombinationofthefollowing:(i)withholdingfromtheOptionee'swagesorothercash

compensation paid to the Optionee by the Company and/or the Employer; (ii) withholding from the shares of

Common Stock to be delivered upon settlement of the Stock Option orotherawards granted to the Optionee

or (iii) permitting the Optionee to tender to the Company cash or, if allowed by the Committee, shares of

Common Stock.

Depending on the withholding method, the Company may withhold or account for Tax-Related Items by

consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole

discretion) or other applicable withholding rates, including maximum applicable rates, in which case the

Optioneewillreceivearefundofanyover-withheldamountandwillhavenoentitlementtotheshareequivalent.

If the obligation for Tax-Related Items is satisfied by withholding from the shares of Common Stock to be

delivereduponvestingoftheStockOption,fortaxpurposes,theOptioneeisdeemedtohavebeenissued the

fullnumberof shares of Common Stock subject to the Stock Option,notwithstanding that a numberof shares

ofCommonStockareheldbacksolelyforthepurposeofpayingtheTax-RelatedItems.TheOptioneewillhave

no further rights with respect to any shares of Common Stock that are retained by the Company pursuant to

this provision.

The Optionee agrees to pay to the Company or the Employer any amount of Tax-Related Items that the

CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheOptionee'sparticipation

in the Plan that cannot be satisfiedby themeans previously described. The Companymay refuse to issue or

deliver shares of Common Stock or proceeds from the sale of shares of Common Stock until arrangements

satisfactory to the Company have been made in connection with the Tax-Related Items.

6.**<u>Restrictive</u><u>Covenants;</u><u>Confidential</u><u>Information;</u><u>Work</u><u>Products</u>.** TheOptioneeagreestocooperatewith

theCompanyinanywayneeded in orderto complywith,orfulfillthetermsof the Plan andthisGrantdocument.

As a term and condition of this Grant, Optionee agrees to the following terms:

a.IagreetouseGeneralMills Confidential Informationonlyasneededintheperformanceofmy

duties,toholdandprotectsuchinformationasconfidentialtotheCompany,andnottoengage

in any unauthorized use or disclosure of such information for so long as such information

qualifies as Confidential Information. I agree that after my employment with the Company

terminatesforanyreason, including "retirement"asthatterm isusedinthePlan,Iwill notuse

or disclose, directly or indirectly, Company Confidential Information or trade secrets for any

purpose, unless I get the prior written consent of mymanager to do so.

Thisdocumentdoesnotpreventmefromfilingacomplaintwithagovernmentagency

(includingtheSecuritiesandExchangeCommission,DepartmentofJustice,Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including this document, unless such information is legally protected from

disclosure to third parties.I do not need prior company authorization to take these actions,

nor must I notify the company I have done so.

Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any

federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a

federal, state,orlocalgovernment official,eitherdirectly orindirectly, orto an attorney, solely

forthepurpose of reporting orinvestigating a suspected violation of law;or(B)in acomplaint

or other document filed in a lawsuit or other proceeding, if such filing is made underseal.

GeneralMillsConfidentialInformationmeansanynon-publicinformationIcreate,receive,use

or observe in the performance ofmy job at General Mills, including trade secrets.Examples

of Confidential Information include marketing, merchandising, business plans, business

methods,pricing,purchasing,licensing,contracts,employee,supplierorcustomerinformation,

customer, vendororpartnerclientorcontact lists, financialdata, technologicaldevelopments,

manufacturing processes and specifications, product formulas, ingredient specifications,

software code, and all other proprietary information which is not publicly available to others.

Prior to leaving the Company, I agree to return all materials in my possession containing

ConfidentialInformation, as well as allother documents and other tangible items provided to

me by General Mills, or developed by me in connection with my employment with the

Company.

b.I agree to promptly tell General Mills about any ideas, concepts, improvements, designs,

inventions, discoveries, and creative works (collectively, "Work Product") which I conceive or

create during my employment with General Mills which relate to General Mills' businesses.

I furtheragree to immediately,automaticallyand irrevocablyassign,andherebydoassign,to

General Mills any and all intellectual property rights in and to such Work Product, and all

such intellectual property rights shall be solely and exclusively owned by General Mills.

"Intellectual property rights" means patent rights, copyrights, trade secret rights, trade dress

rights, trademark rights and all comparable rights throughout the world.

DuringmyemploymentwithGeneralMills and anytime thereafter,I willtakeallnecessary

steps, at General Mills' request and expense, but without furthercompensation to me, to

execute any instruments necessary to enable General Mills or General Mills' nominee to

register intellectual property rights throughout the world.

After I leave General Mills, I agree to help General Mills in every way possible in any

governmentorlegalproceedingspertaining toanyGeneralMills intellectualproperty rights.

c.[*This Section 6.c. does not apply to California, Colorado, Minnesota,and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company, I will not work on any product, brand category, process, or service: (A)on which I

worked, or about which I had access to Confidential Information, in the year immediately

preceding my termination (including retirement) from General Mills, and (B) which competes

with General Mills products, brand categories, processes, or related services.

d.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill

refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them

or inducing them to leave their employment with the Company.

e.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely

refrainfromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsoliciting

the Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Grant,

termination and forfeiture of any unvested or un-exercised Options, and/or required payment to

CompanyofalloraportionofanymonetarygainsacquiredbyOptioneeasaresultoftheGrant,unless

theGrantvestedandwassettledmorethanfour(4)yearspriortothebreach.Theforegoingremedies

are in addition to, and not in lieu of injunctive relief and/or any other legal or equitable remedies

available under applicable law.

7.**<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheStockOption,theOptioneeacknowledgesandagreesthat:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be

modified, amended, suspended or terminated by the Company, in its sole discretion, at any

time (subject to any limitations set forth in the Plan);

(b)thePlanisoperatedandtheOptionsaregrantedsolelybytheCompanyandonlytheCompany

is a party to this Agreement; accordingly, any rights the Optionee may have under this

Agreement may be raised only against the Company but not any subsidiary or affiliate of the

Company (including, but not limited to, the Employer);

(c)no subsidiary oraffiliate of the Company (including, but not limited to, the Employer) has any

obligation to make any payment of any kind to the Optionee under this Agreement;

(d)thegrantoftheStock Option is voluntary andoccasional anddoesnot create anycontractual

orother rightto receivefuturegrantsofstockoptions,orbenefitsinlieuofstockoptions,even

if stock options or other awards have been granted in the past;

(e)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;

(f)theOptionee'sparticipationinthePlanis voluntary;

(g)the Stock Option and the Optionee's participation in the Plan shall not create a right to

employmentorbeinterpretedasforminganemployment contractwith the Company oranyof

its subsidiaries or affiliates and shall not interfere with the ability of the Company or the

Employer, as applicable, to terminate the Optionee's employment relationship (as otherwise

may be permitted under local law);

(h)unless otherwise agreed with the Company, the Stock Option and any shares of Common

StockacquireduponvestingandexerciseoftheStockOption,andtheincomefromandvalue

of same,arenotgrantedas consideration for,orin connection with,anyservicethe Optionee

may provide as a director of any subsidiary or affiliate of the Company;

(i)the Stock Option and any shares of Common Stock acquired under the Plan and the income

andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating

any severance, resignation, termination, redundancy, dismissal, end-of-service payments,

bonuses, long-service awards, pension or retirement or welfare benefits or similar payments

and in no event should be considered as compensation for, or relating in any way to, past

services for the Company, the Employer or any subsidiary or affiliate of the Company;

(j)the future value of the shares of Common Stock underlying the Stock Option is unknown,

indeterminable, and cannot be predicted with certainty;

(k)if theunderlying sharesofCommonStockdonot increaseinvalue,theStockOption willhave

no value;

(l)upon exercise of the Stock Option, the value of such sharesof Common Stock may increase

or decrease in value, even below the exercise price;

(m)no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock

Optionresultingfrom(A)terminationoftheOptionee'semployment(foranyreasonwhatsoever

and whether or not in breach of local labor laws or later found invalid), and/or (B) from the

application of any clawback or recoupment policy adopted by the Company or imposed by

applicable law, and in consideration of the Stock Option, the Optionee agrees not to institute

any claim against the Company or the Employer;

(n)theStockOptionandtherightsevidencedbythisAgreementdonotcreateanyentitlementnot

otherwise specifically provided for in the Plan to have the Stock Option transferred to, or

assumed by, another company, nor to be exchanged, cashed out or substituted for, in

connection with any corporate transaction affecting the shares of Common Stock; and

(o)neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign

exchange rate fluctuation between theOptionee's localcurrency and the U.S.dollarthatmay

affect the value of the Stock Option or any amounts due to the Optionee pursuant to the

exerciseoftheStockOptionorthesubsequentsaleofanysharesofCommonStockacquired

upon exercise of the Stock Option.

8.**<u>Data Privacy</u>**. *If the Optionee would like to participate in the Plan, the Optionee will need to review the*

*informationprovided inthisSection8and,whereapplicable,declaretheOptionee'sconsenttotheprocessing*

*of personal data by the Company and the third parties stated below.*

*If the Optionee is based in theEuropean Union ("EU"), European Economic Area ("EEA")orUnitedKingdom,*

*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*

*55426-1347, U.S.A., is the controller responsible for the processing of the Optionee's personal data in*

*connection with the Agreement and the Plan.*

*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheOptionee,specifically,theOptionee'sname,home*

*address and telephone number, email address, date of birth, social insurance, passport*

*number or other identification number, salary, nationality, job title, any shares of Stock or*

*directorships held in the Company or any subsidiary or affiliate of the Company, details of all*

*Stock Options or any other entitlement to shares of Stock awarded, canceled, exercised,*

*settled,vested,unvestedoroutstanding in theOptionee'sfavor, which theCompanyreceives*

*from the Optionee or the Employer (the "Data"). The Company collects, processes and uses*

*the Data for the purposes of performing its contractual obligations under this Agreement,*

*implementing, administering and managing the Optionee's participation in the Plan and*

*facilitating compliance with applicable tax and securities law.*

*If theOptionee is based in theEU,EEAorUnitedKingdom,the legalbasis fortheprocessing*

*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*

*contractual obligations under this Agreement and the Plan and the Company's legitimate*

*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*

*with its contractual and statutory obligations.*

*If theOptioneeisbasedinanyotherjurisdiction, thelegalbasis fortheprocessingofthe Data*

*by the Company is the Optionee's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*

*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*

*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*

*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*

*similar manner, share Data with such service provider. The Company's service provider will*

*maintainanaccountfortheOptioneetoadministertheStockOptions.Theprocessingof Data*

*willtakeplace through bothelectronicandnon-electronic means. Data willonlybeaccessible*

*by those individuals requiring access to it for purposes of implementing, administering and*

*operating the Plan.*

*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*

*States and India. The Optionee's country or jurisdiction may have different data privacy laws*

*and protections than the United States and India. An appropriate level of protection can be*

*achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*

*the EU Commission.*

*If the Optionee is based in any other jurisdiction, the Data will be transferred from the*

*Optionee's jurisdiction to the Company and onward from the Company to any of its service*

*providers based on the Optionee's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*

*administerand managethe Optionee'sparticipation in thePlan, oras required to comply with*

*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*

*needs the Data, the Company will remove it from its systems.If the Company keeps data*

*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*

*wouldberelevantlawsorregulations(iftheOptioneeis intheEU,EEAorUnitedKingdom)or*

*the Optionee's consent (if the Optionee is outside the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Optionee may have a number of rights under data privacy laws in*

*the Optionee's jurisdiction. Subject to the conditions set out in the applicable law and*

*depending on where the Optionee is based, such rights may include the right to (i) request*

*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*

*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*

*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*

*authorities in the Optionee's jurisdiction, and/or to (viii) receive a list with the names and*

*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*

*to exercise these rights, the Optionee can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Optionee understands that providing the*

*CompanywithDataisnecessaryfortheperformanceoftheAgreementandthattheOptionee's*

*refusaltoprovidetheDatawouldmakeitimpossiblefortheCompanytoperformitscontractual*

*obligations and may affect the Optionee's ability to participate in the Plan.*

*(g)<u>Declaration of Consent (if the Optionee is outside the EU, EEA and United Kingdom)</u>. The*

*Optionee hereby unambiguously consents to the collection, use and transfer, in electronic or*

*other form, of the Data, as described above and in any othergrant materials, by and among,*

*asapplicable,theEmployer,theCompanyandanyofitssubsidiaryoraffiliatefortheexclusive*

*purposeofimplementing,administeringandmanagingtheOptionee'sparticipationinthePlan.*

*TheOptioneeunderstandsthattheOptioneemay,atanytime,refuseorwithdrawtheconsents*

*herein,inany case withoutcost,bycontactingHRDirect.If the Optioneedoesnotconsentor*

*later seeks to revoke the Optionee's consent, the Optionee's employment status or service*

*with the Employerwillnotbeaffected;theOptionee'sconsequenceofrefusingorwithdrawing*

*consent isthatthe CompanywouldnotbeabletoawardtheStockOptionsto theOptioneeor*

*anyotherequityawardtotheOptioneeoradministerormaintainsuchawards.Therefore,the*

*OptioneeunderstandsthatrefusingorwithdrawingconsentmayaffecttheOptionee'sabilityto*

*participate in the Plan. For more information on the consequences of refusal to consent or*

*withdrawal of consent, the Optionee should contact HR Direct.*

9.  **<u>Insider Trading; Market Abuse Laws</u>** . By participating in the Plan, the Optionee agrees to comply with the Company's policy on insider trading (to the extent that it is applicable to the Optionee), the Optionee further acknowledges that, depending on the Optionee's or his or her broker's country of residence or where the shares of Common Stock are listed, the Optionee may be subject to insider trading restrictions and/or market abuse laws that may affect the Optionee's ability to accept, acquire, sell or otherwise dispose of shares of Common Stock, rights to shares of Common Stock (e.g., stock options) or rights linked to the value of shares of Common Stock, during such times the Optionee is considered to have "inside information" regarding the Company as defined by the laws or regulations in the Optionee's country. Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the Optionee places before he or she possessed inside information. Furthermore, the Optionee could be prohibited from (i) disclosing the inside information to any third party (other than on a "need to know" basis) and (ii) "tipping" third parties or causing them otherwise to buy or sell securities. The Optionee understands that third parties include fellow employees. Any restriction under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading policy. The Optionee acknowledges that it is the Optionee's responsibility to comply with any applicable restrictions, and that the Optionee should therefore consult the Optionee's personal advisor on this matter

10.11.  **<u>Clawback</u>** . This Award is specifically made subject to the Company's Executive Compensation Clawback Policies.  **<u>Electronic</u> <u>Delivery</u>** . The Optionee agrees, to the fullest extent permitted by law, in lieu of receiving documents in paper format, to accept electronic delivery of any documents that the Company and its subsidiaries or affiliates may deliver in connection with this grant and any other grants offered by the Company, including prospectuses, grant notifications, account statements, annual or quarterly reports, and other communications. Electronic delivery of a document may be made via the Company's email system or by reference to a location on the Company's intranet or website or a website of the Company's agent administering the Plan. By accepting this grant, whether electronically or otherwise, the Optionee hereby consents to participate in the Plan through such system, intranet, or website, including but not limited to the use of electronic signatures or click-through electronic acceptance of terms and conditions.

12.  **<u>English Language</u>** . The Optionee acknowledges and agrees that it is the Optionee's express intent that this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or instituted pursuant to the Stock Option be drawn up in English. To the extent the Optionee has been provided with a copy of this Agreement, the Plan, or any other documents relating to this Award in a language other than English, the English language documents will prevail in case of any ambiguities or divergences as a result of translation, unless otherwise required under applicable law.

13.  **<u>Addendum</u>** . Notwithstanding any provisions in this Agreement, the Stock Option shall be subject to any additional or different terms and conditions set forth in the Country-Specific Addendum to this Agreement (the "Addendum"). Moreover, if the Optionee transfers to one of the countries included in such Addendum, the additional or different terms and conditions for such country will apply to the Optionee, to the extent the Company determines that the application of such terms and conditions is necessary or advisable to comply with local law or facilitate the administration of the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate the Optionee's transfer). The Addendum constitutes part of this Agreement.

14.  **<u>Not</u> <u>a</u> <u>Public</u> <u>Offering</u>** . The award of the Stock Option is not intended to be a public offering of securities in the Optionee's country of employment (or country of residence, if different). The Company has not submitted any registration statement, prospectus or other filings with the local securities authorities (unless otherwise required under local law), and the award of the Stock Option is not subject to the supervision of the local securities authorities. No employee of the Company or any of its subsidiaries or affiliates is permitted to advise the Optionee on whether he/she should participate in the Plan. Acquiring shares of Common Stock involves a degree of risk. Before deciding to participate in the Plan, the Optionee should carefully consider all risk factors relevant to the acquisition of shares of Common Stock under the Plan and carefully review all of the materials

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| | |
|:---|:---|
|  | relatedtotheStockOptionandthePlan.Inaddition,theOptioneeshouldconsultwithhis/herpersonaladvisor <br>for professional investment advice.<br>|
| 15. | **<u>Repatriation;</u><u>Compliance</u><u>with</u><u>Law</u>**.TheOptioneeagreestorepatriateallpaymentsattributabletotheshares<br>of Common Stock and/orcash acquired under thePlan inaccordance with applicable foreign exchange rules<br>andregulationsintheOptionee'scountryofemployment(andcountryofresidence,ifdifferent).Inaddition,the<br>Optioneeagreestotakeanyandallactions,andconsenttoanyandallactionstakenbytheCompanyandany<br>ofitssubsidiariesoraffiliates,asmayberequiredtoallowtheCompanyandanyofitssubsidiariesandaffiliates<br>to comply with local laws, rules and/or regulations in the Optionee's country of employment (and country of<br>residence, if different). Finally, the Optionee agrees to takeany and allactions as may be required to comply<br>with the Optionee'spersonalobligationsunderlocallaws,rulesand/orregulationsin theOptionee'scountryof<br>employment and country of residence, if different).<br>|
| 16. | **<u>Imposition of Other Requirements</u>.** The Company reserves the right to impose other requirements on the<br>Optionee'sparticipationinthePlan,ontheStockOption,andonanysharesofCommonStockacquiredunder<br>thePlan,totheextenttheCompanydeterminesitisnecessaryoradvisableforlegaloradministrativereasons,<br>and to require the Optionee to sign any additional agreements or undertakings that may be necessary to<br>accomplish the foregoing.<br>|
| 17. | **<u>Committee's</u><u>Powers</u>.**NoprovisioncontainedinthisAgreementshallinanywayterminate,modifyoralter,or<br>be construed or interpreted as terminating, modifying oraltering any of the powers, rights orauthority vested<br>in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions<br>adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and<br>elections with respect to the Stock Option. Any dispute regarding the interpretation of this Agreement or the<br>termsofthePlanshallbesubmittedtotheCommitteeoritsdelegatewhoshallhavethediscretionaryauthority<br>to construe the termsof thisAgreement, the Plan,andalldocumentsancillaryto this Award.Thedecisionsof<br>theCommitteeoritsdelegateshallbefinalandbindingandanyreviewingcourtoflaworotherpartyshalldefer<br>to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this review<br>standard subject the Plan or Award to the U.S. Employee Retirement Income Security Act.<br>|
| 18. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe <br>Company and all persons lawfully claiming under the Optionee.<br>|
| 19. | **<u>Governing Law and Forum</u>**. Without limiting the effect of section 16, this Agreement shall be governed by,<br>and construed in accordance with, the lawsof the State of Delaware without regard to principlesof conflict of<br>laws.<br>|
| 20. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 21. | **<u>Waiver</u>**.The waiverby theCompany with respecttoOptionee's (oranyotheroptionee's)compliancewithany<br>provision of this Agreement shall not operate or be construed as a waiver of any other provision of this<br>Agreement, or of any subsequent breach by such party of a provision of this Agreement<br>|

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AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me

by searching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso

available on the Company's website at <u>https://investors.generalmills.com/financial-information/sec-</u><u>filings/</u>

<u>default.aspx</u>

**GENERALMILLS,INC.**

**GENERALMILLS,INC.**

**STOCKOPTIONAWARDAGREEMENT**

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| | | |
|:---|:---|:---|
| **OPTIONEE:** | **OPTIONEE:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** |
| **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. |
|  | **GrantDate:** |  |
|  | **ExpirationDate:** |  |
|  | **OptionShares:** |  |
|  | **Exercisepricepershare:** |  |
|  | **TypeofStockOption:** |  |
| 2. | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u> <u>Forfeiture</u>.** |  |
|  | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**ForfeitureofStockOption**.TheOptioneeacknowledgesthattheStockOptionsgrantedhereunder <br>aresubjecttoforfeiture,and/orlimitedexerciseperiod,iftheOptionee'semploymentwiththe | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**ForfeitureofStockOption**.TheOptioneeacknowledgesthattheStockOptionsgrantedhereunder <br>aresubjecttoforfeiture,and/orlimitedexerciseperiod,iftheOptionee'semploymentwiththe |

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Company or any subsidiary or affiliate of the Company terminates under certain circumstances, as

herein provided.

(i)*Termination for Cause.*If the Optionee's employment with the Company or anysubsidiary or

affiliateoftheCompanyisterminatedatanytimepriortotheExpirationDatebyadischargedue

toOptionee'sillegalactivities,poorworkperformance,misconductorviolationoftheCompany's

Code of Conduct, policies or practices, then, to the extent the Option Shares are vested as of

the Termination Date, they shall expire three (3) months after the Termination Date (but in no

eventbeyondtheExpirationDate);and,ifandtotheextenttheOptionSharesarenotvestedas

of the Termination Date, the unvested portions shall for no consideration be cancelled and

forfeited immediately with no ability to be exercised. For the avoidance of doubt, "Termination

Date" for purposes of this Award will be deemed to occur as of the date Optionee is no longer

activelyproviding servicesasan employee,unlessotherwisedeterminedbythe Company inits

sole discretion, and no vesting shall continue during any notice period that may be specified

under contract or applicable law with respect to such termination, including any "garden leave"

or similar period, except as may otherwise be permitted in the Company's sole discretion.

(ii)*Death.*IfanOptioneedieswhileemployedwiththeCompanyoranysubsidiaryoraffiliateofthe

Company during any applicable vesting period, this Award shall become fully vested and

exercisable upon death and may be exercised by the person designated as such Optionee's

beneficiaryorbeneficiariesor,intheabsenceofsuchdesignation,bytheOptionee'sestate.The

Stock Option shall remain exercisable until the Expiration Date.

(iii)*Other Terminations.*If the voluntary termination of employment is priorto the third anniversary

of the Grant Date, then the unvested tranches of thisAward shall forfeit in their entirety, and to

theextenttheStockOptionsarevestedandexercisable,theyshallremainsountiltheExpiration

Date. If, however, the Optionee voluntarily terminates employment on or after the third

anniversary of the Grant Date, this Award's unvested tranches shall fully vest and become

exercisable on each respective Scheduled Date Exercisable, remaining exercisable until the

ExpirationDate.Iftheterminationofemployment isinvoluntaryatthe initiationofthe Company,

and upon theexecution (without revoking)ofaneffective generallegalrelease, theAward shall

be fully vested and exercisable on each respective Scheduled Date Exercisable, remaining

exercisable until the Expiration Date. Notwithstanding the above, the terms of this paragraph

shall not apply to a Optionee who, prior to a Change of Control, is terminated for cause as

described in(b)(i)above;saidOptionee shallbetreatedasprovided in(b)(i)above.Inaddition,

if theprovisionsof the Plan Section 11 (Change in Control) become operative theywould over-

ride the provisions of this paragraph.

(iv)*Spin-offs and Other Divestitures.* If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its sole discretion, shall determine the conversion, vesting, orothertreatment of

the Stock Option.

3.**<u>Exercise of</u><u>the</u><u>Option.</u>**

(a)**Method of Exercise**. Optionee may exercise the vested portion of the Stock Option (provided the

FairMarketValueofthesharesofCommonStockexercisedexceedstheexerciseprice)priortothe

Expiration Date of the Stock Option or such earlierdate indicated hereunder by delivering a notice

of exercise in such form as may be designated by the Company from time to time, or making the

required electronic election with the Company's designated broker, and paying the exercise price

and any Tax-Related Items (as defined in section 5 below) and costs to the Company's stock plan

administrator or such other person as the Company may designate, together with such additional

documents as the Company may then require pursuant to the terms of the Plan.

(b)**Method ofPayment**.Paymentof theexercise pricemay be made by one of themethods available

under the Company's exercise procedures, which may include:

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| | |
|:---|:---|
|  | (i)Paymentbycashor check.<br>(ii)Payment by transfer to the Company of whole shares of Common Stock Optionee already<br>ownshavingaFairMarketValuedeterminedatthetimeofexerciseoftheStockOptionequal<br>to, but not exceeding, the exercise price and any Tax-Related Items; and<br>(iii)A"samedaysale"transactionpursuanttowhichathirdparty(engagedbyyouortheCompany)<br>loans funds to you to enable you to purchase shares of Common Stock and pay any Tax-<br>Related Items, and then sells a sufficient number of the exercised shares of Common Stock<br>onyourbehalftoenableyoutorepaytheloanandanyfees.TheremainingsharesofCommon<br>Stock and/or cash are then delivered by the third party to the Optionee.<br>The Companymay suspend,or eliminate, variousforms ofpermissible payment of the exerciseprice<br>fromtimetotimein itssolediscretion. Further, notwithstandinganyprovision withinthisAgreement to<br>the contrary, if the Optionee is a resident or provides services outside of the United States, the<br>Committee may require that the Optionee (or in the event of the Optionee's death, his or her legal<br>representative, as the case may be) exercise the Stock Option in a method other than as specified<br>above, may require the Optionee to exercise the Stock Option only by means of a "same day sale"<br>transaction (either a "sell-all" transaction or a "sell-to-cover" transaction) as it determines in its sole<br>discretion, or may require the Optionee to sell any shares of Common Stock the Optionee acquires<br>under the Plan immediately or within a specified period following the Optionee's termination of<br>employment with the Company or anysubsidiary or affiliate of the Company (in which case, the<br>OptioneeherebyagreesthattheCompanyshallhavetheauthoritytoissuesaleinstructionsinrelation<br>to such shares on the Optionee's behalf).<br>(c)**Responsibilityfor Exercise.** The Optionee is responsible for takinganyand all actionsasmaybe<br>required to exercise the Stock Option in a timely manner and for properly executing any such<br>documents as may be required for exercise in accordance with such rules and procedures as may<br>be established from time to time. The Optionee acknowledges that information regarding the<br>procedures and requirements for the exercise of the Stock Option is available to the Optionee on<br>request. <u>Neither</u><u>the Company</u><u>nor</u><u>any subsidiary or</u><u>affiliate of</u><u>the Company shall have any duty</u><u>or</u><br><u>obligation to notify you of the Expiration Date of the Option.</u><br>|
| 4. | **<u>Non-Transferability</u>.** The Stock Option may not be sold, assigned, pledged, exchanged, hypothecated,<br>encumbered, disposed of, or otherwise transferred, unless otherwise provided in the Plan or this Agreement.<br>Uponanyattemptto transfer,assign,pledge,hypothecateorotherwisedisposeoftheStockOptionorofsuch<br>rights contrary to the provisions hereof or in the Plan, the Stock Option and such rights shall immediately<br>become null and void.<br>|
| 5. | **<u>Withholding of</u><u>Tax</u>**. The Optionee acknowledges that, regardless of any action taken by the Company or, if<br>different, thesubsidiary oraffiliate of the Company that employs the Optionee (the "Employer"), the ultimate<br>liabilityforallincometax,socialcontributions,payrolltax,fringebenefitstax,paymentonaccount,hypothetical<br>tax or other tax-related items related to the Optionee's participation in the Plan and legally applicable to the<br>Optionee or deemed by the Company or the Employer in their discretion to be an appropriate charge to the<br>Optioneeeven iflegallyapplicable to the Company orthe Employer("Tax-RelatedItems"), isand remainsthe<br>Optionee's responsibility and may exceed the amount actually withheld by the Company or the Employer, if<br>any. The Optionee furtheracknowledges that the Company and/ortheEmployer(a)makeno representations<br>or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Stock<br>Option,including,butnotlimitedto,thegrant,vesting,exerciseandthesubsequentsaleofsharesofCommon<br>Stock acquiredpursuantto such vestingand exerciseandthe receiptofanydividends; and (b) donotcommit<br>to and are under noobligation to structure the terms of the grant or any aspect of the Stock Option to reduce<br>oreliminatethe Optionee'sliabilityforTax-RelatedItems orachieveanyparticulartaxresult.Further,ifthe<br>OptioneeissubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrant Dateandthedateof<br>anyrelevanttaxableortaxwithholdingevent,asapplicable,theOptioneeacknowledgesthattheCompany<br>|

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and/ortheEmployer(orformeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-Related

Items in more than one jurisdiction.

Prior to the relevant taxable or tax withholding event, as applicable, the Optionee agrees to make adequate

arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,

unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-

RelatedItemsbyoneoracombinationofthefollowing:(i)withholdingfromtheOptionee'swagesorothercash

compensation paid to the Optionee by the Company and/or the Employer; (ii) withholding from the shares of

Common Stock to be delivered upon settlement of the Stock Option orotherawards granted to the Optionee

or (iii) permitting the Optionee to tender to the Company cash or, if allowed by the Committee, shares of

Common Stock.

Depending on the withholding method, the Company may withhold or account for Tax-Related Items by

consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole

discretion) or other applicable withholding rates, including maximum applicable rates, in which case the

Optioneewillreceivearefundofanyover-withheldamountandwillhavenoentitlementtotheshareequivalent.

If the obligation for Tax-Related Items is satisfied by withholding from the shares of Common Stock to be

delivereduponvestingoftheStockOption,fortaxpurposes,theOptioneeisdeemedtohavebeenissued the

fullnumberof shares of Common Stock subject to the Stock Option,notwithstanding that a numberof shares

ofCommonStockareheldbacksolelyforthepurposeofpayingtheTax-RelatedItems.TheOptioneewillhave

no further rights with respect to any shares of Common Stock that are retained by the Company pursuant to

this provision.

The Optionee agrees to pay to the Company or the Employer any amount of Tax-Related Items that the

CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheOptionee'sparticipation

in the Plan that cannot be satisfiedby themeans previously described. The Companymay refuse to issue or

deliver shares of Common Stock or proceeds from the sale of shares of Common Stock until arrangements

satisfactory to the Company have been made in connection with the Tax-Related Items.

6.**<u>Restrictive Covenants; Confidential Information;</u><u>Work Product</u>.** The Optionee agrees to cooperate with

theCompanyinanywayneeded in orderto complywith,orfulfillthetermsof the Plan andthisGrantdocument.

As a term and condition of this Grant, Optionee agrees to the following terms:

a.IagreetouseGeneralMills Confidential Informationonlyasneededintheperformanceofmy

duties,toholdandprotectsuchinformationasconfidentialtotheCompany,andnottoengage

in any unauthorized use or disclosure of such information for so long as such information

qualifies as Confidential Information. I agree that after my employment with the Company

terminatesforanyreason, including "retirement"asthatterm isusedinthePlan,Iwill notuse

or disclose, directly or indirectly, Company Confidential Information or trade secrets for any

purpose, unless I get the prior written consent of mymanager to do so.

This document does not prevent me from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including this document, unless such information is legally protected from

disclosure to third parties.I do not need prior company authorization to take these actions,

nor must I notify the company I have done so.

Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any

federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a

federal, state,orlocalgovernment official,eitherdirectly orindirectly, orto an attorney, solely

forthepurpose of reporting orinvestigating a suspected violation of law;or(B)in acomplaint

or other document filed in a lawsuit or other proceeding, if such filing is made underseal.

GeneralMillsConfidentialInformationmeansanynon-publicinformationIcreate,receive,use

or observe in the performance ofmy job at General Mills, including trade secrets.Examples

of Confidential Information include marketing, merchandising, business plans, business

methods,pricing,purchasing,licensing,contracts,employee,supplierorcustomerinformation,

customer,vendororpartnerclientorcontactlists,financialdata,technologicaldevelopments,

manufacturing processes and specifications, product formulas, ingredient specifications,

software code, and all other proprietary information which is not publicly available to others.

Prior to leaving the Company, I agree to return all materials in my possession containing

ConfidentialInformation, as well as allother documents and other tangible items provided to

me by General Mills, or developed by me in connection with my employment with the

Company.

b.I agree to promptly tell General Mills about any ideas, concepts, improvements, designs,

inventions, discoveries, and creative works (collectively, "Work Product") which I conceive or

create during my employment with General Mills which relate to General Mills' businesses.

I furtheragree to immediately,automaticallyand irrevocablyassign,andherebydoassign,to

General Mills any and all intellectual property rights in and to such Work Product, and all

such intellectual property rights shall be solely and exclusively owned by General Mills.

"Intellectual property rights" means patent rights, copyrights, trade secret rights, trade dress

rights, trademark rights and all comparable rights throughout the world.

DuringmyemploymentwithGeneralMills and anytime thereafter,I willtakeallnecessary

steps, at General Mills' request and expense, but without furthercompensation to me, to

execute any instruments necessary to enable General Mills or General Mills' nominee to

register intellectual property rights throughout the world.

After I leave General Mills, I agree to help General Mills in every way possible in any

governmentorlegalproceedingspertaining toanyGeneralMills intellectualproperty rights.

c.[*This Section 6.c. does not apply to California, Colorado, Minnesota,and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company, I will not work on any product, brand category, process, or service: (A)on which I

worked, or about which I had access to Confidential Information, in the year immediately

preceding my termination (including retirement) from General Mills, and (B) which competes

with General Mills products, brand categories, processes, or related services.

d.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill

refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them

or inducing them to leave their employment with the Company.

e.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely

refrainfromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsoliciting

the Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Grant,

termination and forfeiture of any unvested or un-exercised Options, and/or required payment to

CompanyofalloraportionofanymonetarygainsacquiredbyOptioneeasaresultoftheGrant,unless

theGrantvestedandwassettledmorethanfour(4)yearspriortothebreach.Theforegoingremedies

are in addition to, and not in lieu of injunctive relief and/or any other legal or equitable remedies

available under applicable law.

7.**<u>Nature of Grant</u>**. In accepting the Stock Option, the Optionee acknowledges and agrees that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified,

amended, suspended or terminated by the Company, in its sole discretion, at any time (subject to any

limitations set forth in the Plan);

(b)the Plan is operated and the Options are granted solely by the Company and only the Company is a party

to this Agreement; accordingly, any rights the Optionee may have under this Agreement may be raised

only against the Company but not any subsidiary or affiliate of the Company (including, but not limited to,

the Employer);

(c)no subsidiary or affiliate of the Company (including, but not limited to, the Employer) has any obligation to

make any payment of any kind to the Optionee under this Agreement;

(d)the grant of the Stock Option is voluntary and occasional and does not create any contractual or other

right to receive future grants of stock options, or benefits in lieu of stock options, even if stock options or

other awards have been granted in the past;

(e)all decisions with respect to future awards, if any, will be at the sole discretion of the Company;

(f)the Optionee's participation in the Plan is voluntary;

(g)the Stock Option and the Optionee's participation in the Plan shall not create a right to employment or be

interpreted as forming an employment contract with the Company or any of its subsidiaries or affiliates

and shall not interfere with the ability of the Company or the Employer, as applicable, to terminate the

Optionee's employment relationship (as otherwise may be permitted under local law);

(h)unless otherwise agreed with the Company, the Stock Option and any shares of Common Stock acquired

upon vesting and exercise of the Stock Option, and the income from and value of same, are not granted

as consideration for, or in connection with, any service the Optionee may provide as a director of any

subsidiary or affiliate of the Company;

(i)the Stock Option and any shares of Common Stock acquired under the Plan and the income and value of

same, are not part of normal or expected compensation for purposes of calculating any severance,

resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards,

pension or retirement or welfare benefits or similar payments and in no event should be considered as

compensation for, or relating in any way to, past services for the Company, the Employer or any

subsidiary or affiliate of the Company;

(j)the future value of the shares of Common Stock underlying the Stock Option is unknown, indeterminable,

and cannot be predicted with certainty;

(k)if the underlying shares of Common Stock do not increase in value, the Stock Option will have

no value;

(l)upon exercise of the Stock Option, the value of such shares of Common Stock may increase or decrease

in value, even below the exercise price;

(m)no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock Option

resulting from (A) termination of the Optionee's employment (for any reason whatsoever and whether or

not in breach of local labor laws or later found invalid), and/or (B) from the application of any clawback or

recoupment policy adopted by the Company or imposed by applicable law, and in consideration of the

Stock Option, the Optionee agrees not to institute any claim against the Company or the Employer;

(n)the Stock Option and the rights evidenced by this Agreement do not create any entitlement not otherwise

specifically provided for in the Plan to have the Stock Option transferred to, or assumed by, another

company, nor to be exchanged, cashed out or substituted for, in connection with any corporate

transaction affecting the shares of Common Stock; and

(o)neither the Company nor any of its subsidiaries or affiliates shall be liable for any foreign

exchange rate fluctuation between the Optionee's local currency and the U.S. dollar that may

affect the value of the Stock Option or any amounts due to the Optionee pursuant to the

exercise of the Stock Option or the subsequent sale of any shares of Common Stock acquired

upon exercise of the Stock Option.

8.**<u>Data Privacy</u>**. *If the Optionee would like to participate in the Plan, the Optionee will need to review the*

*informationprovided inthisSection8and,whereapplicable,declaretheOptionee'sconsenttotheprocessing*

*of personal data by the Company and the third parties stated below.*

*If the Optionee is based in theEuropean Union ("EU"), European Economic Area ("EEA")orUnitedKingdom,*

*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*

*55426-1347, U.S.A., is the controller responsible for the processing of the Optionee's personal data in*

*connection with the Agreement and the Plan.*

*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheOptionee,specifically,theOptionee'sname,home*

*address and telephone number, email address, date of birth, social insurance, passport*

*number or other identification number, salary, nationality, job title, any shares of Stock or*

*directorships held in the Company or any subsidiary or affiliate of the Company, details of all*

*Stock Options or any other entitlement to shares of Stock awarded, canceled, exercised,*

*settled,vested,unvestedoroutstanding in theOptionee'sfavor, which theCompanyreceives*

*from the Optionee or the Employer (the "Data"). The Company collects, processes and uses*

*the Data for the purposes of performing its contractual obligations under this Agreement,*

*implementing, administering and managing the Optionee's participation in the Plan and*

*facilitating compliance with applicable tax and securities law.*

*If theOptionee is based in theEU,EEAorUnitedKingdom,the legalbasis fortheprocessing*

*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*

*contractual obligations under this Agreement and the Plan and the Company's legitimate*

*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*

*with its contractual and statutory obligations.*

*If theOptioneeisbasedinanyotherjurisdiction, thelegalbasis fortheprocessingofthe Data*

*by the Company is the Optionee's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*

*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*

*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*

*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*

*similar manner, share Data with such service provider. The Company's service provider will*

*maintainanaccountfortheOptioneetoadministertheStockOptions.Theprocessingof Data*

*willtakeplace through bothelectronicandnon-electronic means. Data willonlybeaccessible*

*by those individuals requiring access to it for purposes of implementing, administering and*

*operating the Plan.*

*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*

*States and India. The Optionee's country or jurisdiction may have different data privacy laws*

*andprotectionsthantheUnitedStatesandIndia.Anappropriatelevelofprotectioncanbe*

*achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*

*the EU Commission.*

*If the Optionee is based in any other jurisdiction, the Data will be transferred from the*

*Optionee's jurisdiction to the Company and onward from the Company to any of its service*

*providers based on the Optionee's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*

*administerand managethe Optionee'sparticipation in thePlan, oras required to comply with*

*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*

*needs the Data, the Company will remove it from its systems.If the Company keeps data*

*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*

*wouldberelevantlawsorregulations(iftheOptioneeis intheEU,EEAorUnitedKingdom)or*

*the Optionee's consent (if the Optionee is outside the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Optionee may have a number of rights under data privacy laws in*

*the Optionee's jurisdiction. Subject to the conditions set out in the applicable law and*

*depending on where the Optionee is based, such rights may include the right to (i) request*

*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*

*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*

*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*

*authorities in the Optionee's jurisdiction, and/or to (viii) receive a list with the names and*

*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*

*to exercise these rights, the Optionee can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Optionee understands that providing the*

*CompanywithDataisnecessaryfortheperformanceoftheAgreementandthattheOptionee's*

*refusaltoprovidetheDatawouldmakeitimpossiblefortheCompanytoperformitscontractual*

*obligations and may affect the Optionee's ability to participate in the Plan.*

*(g)<u>Declaration of Consent (if the Optionee is outside the EU, EEA and United Kingdom)</u>. The*

*Optionee hereby unambiguously consents to the collection, use and transfer, in electronic or*

*other form, of the Data, as described above and in any othergrant materials, by and among,*

*asapplicable,theEmployer,theCompanyandanyofitssubsidiaryoraffiliatefortheexclusive*

*purposeofimplementing,administeringandmanagingtheOptionee'sparticipationinthePlan.*

*TheOptioneeunderstandsthattheOptioneemay,atanytime,refuseorwithdrawtheconsents*

*herein,inany case withoutcost,bycontactingHRDirect.If the Optioneedoesnotconsentor*

*later seeks to revoke the Optionee's consent, the Optionee's employment status or service*

*with the Employerwillnotbeaffected;theOptionee'sconsequenceofrefusingorwithdrawing*

*consent isthatthe CompanywouldnotbeabletoawardtheStockOptionsto theOptioneeor*

*anyotherequityawardtotheOptioneeoradministerormaintainsuchawards.Therefore,the*

*OptioneeunderstandsthatrefusingorwithdrawingconsentmayaffecttheOptionee'sabilityto*

*participate in the Plan. For more information on the consequences of refusal to consent or*

*withdrawal of consent, the Optionee should contact HR Direct.*

9.**<u>Insider Trading; Market Abuse Laws</u>**. By participating in the Plan, the Optionee agrees to comply with the

Company's policy on insider trading (to the extent that it is applicable to the Optionee), the Optionee further

acknowledgesthat,dependingontheOptionee'sorhisorherbroker'scountryofresidenceorwheretheshares

of Common Stock are listed, the Optionee may be subject to insidertrading restrictions and/ormarket abuse

laws that may affect the Optionee's ability to accept, acquire, sell orotherwise dispose of shares of Common

Stock,rightstosharesofCommonStock(e.g.,stockoptions)orrightslinkedtothevalueofsharesofCommon

Stock, during such times the Optionee is considered to have "inside information" regarding the Company as

defined by the laws or regulations in the Optionee's country. Local insider trading laws and regulations may

prohibitthecancellationoramendmentoforderstheOptioneeplacesbeforeheorshepossessedinside

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| | |
|:---|:---|
|  | information.Furthermore,theOptioneecouldbeprohibitedfrom(i)disclosingtheinsideinformationtoanythird<br>party (otherthan on a "needto know"basis)and (ii)"tipping"thirdpartiesorcausing them otherwise to buyor<br>sell securities. The Optionee understands that third parties include fellow employees. Any restriction under<br>these lawsorregulations are separate from andinadditiontoany restrictions thatmay be imposedunderany<br>applicable Companyinsidertrading policy. TheOptioneeacknowledgesthat it isthe Optionee's responsibility<br>to comply with any applicable restrictions, and that the Optionee should therefore consult the Optionee's<br>personal advisor on this matter<br>|
| 10.<br>11.<br>| **<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation Clawback<br>Policies.<br>**<u>Electronic</u><u>Delivery</u>**.TheOptioneeagrees,tothefullestextentpermittedbylaw,inlieuofreceivingdocuments<br>in paper format, to accept electronic delivery of any documents that the Company and its subsidiaries or<br>affiliates may deliver in connection with this grant and any other grants offered by the Company, including<br>prospectuses,grantnotifications,account statements,annualorquarterly reports,and othercommunications.<br>Electronicdelivery ofadocumentmaybemade via the Company'semail systemorby referencetoa location<br>ontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministeringthePlan.Byaccepting<br>thisgrant,whetherelectronicallyorotherwise,theOptioneeherebyconsents toparticipateinthePlanthrough<br>such system, intranet, or website, including but not limited to the use of electronic signatures or click-through<br>electronic acceptance of terms and conditions.<br>|
| 12. | **<u>English Language</u>**. The Optionee acknowledges and agrees that it is the Optionee's express intent that this<br>AgreementandthePlanandallotherdocuments,noticesandlegalproceedingsenteredinto,givenorinstituted<br>pursuanttotheStockOptionbedrawnupinEnglish.TotheextenttheOptioneehasbeenprovidedwithacopy<br>of this Agreement, the Plan, or any other documents relating to this Award in a language other than English,<br>theEnglishlanguagedocumentswillprevailincaseofanyambiguitiesordivergencesasaresultoftranslation,<br>unless otherwise required under applicable law.<br>|
| 13. | **<u>Addendum</u>**. Notwithstanding any provisions in this Agreement, the Stock Option shall be subject to any<br>additionalordifferent termsand conditionssetforth in the Country-SpecificAddendum to thisAgreement (the<br>"Addendum"). Moreover, if the Optionee transfers to one of the countries included in such Addendum, the<br>additional or different terms and conditions for such country will apply to the Optionee, to the extent the<br>Company determines that the application of such terms and conditions is necessary or advisable to comply<br>with local lawor facilitate the administration of the Plan (or the Company may establish alternative terms and<br>conditions as may be necessary or advisable to accommodate the Optionee's transfer). The Addendum<br>constitutes part of this Agreement.<br>|
| 14. | **<u>Not</u><u>a</u><u>Public</u><u>Offering</u>**.TheawardoftheStockOptionisnotintendedtobeapublicofferingofsecuritiesinthe<br>Optionee's country ofemployment (or country of residence, if different). The Company has not submitted any<br>registrationstatement,prospectusorotherfilingswiththelocalsecuritiesauthorities(unlessotherwiserequired<br>under local law), and the award of the Stock Option is not subject to the supervision of the local securities<br>authorities. No employee of the Company or any of its subsidiaries and affiliates is permitted to advise the<br>Optionee on whether he/she should participate in the Plan. Acquiring shares of Common Stock involves a<br>degree of risk.BeforedecidingtoparticipateinthePlan,theOptionee shouldcarefully considerallrisk factors<br>relevant to theacquisitionof shares of Common Stockunderthe Plan and carefullyreviewallof thematerials<br>relatedtotheStockOptionandthePlan.Inaddition,theOptioneeshouldconsultwithhis/herpersonaladvisor<br>for professional investment advice.<br>|
| 15. | **<u>Repatriation;</u><u>Compliance</u><u>with</u><u>Law</u>**.TheOptioneeagreestorepatriateallpaymentsattributabletotheshares<br>of Common Stock and/orcash acquired under thePlan inaccordance with applicable foreign exchange rules<br>andregulationsintheOptionee'scountryofemployment(andcountryofresidence,ifdifferent).Inaddition,the<br>Optioneeagreestotakeanyandallactions,andconsenttoanyandallactionstakenbytheCompanyandany<br>of its Subsidiaries and affiliated companies, as may be required to allow the Company and any of its<br>Subsidiaries and affiliated companies to comply with local laws, rules and/or regulations in the Optionee's<br>countryofemployment (and countryof residence, ifdifferent). Finally,theOptioneeagreestotakeany andall<br>|

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| | |
|:---|:---|
|  | actions as may be required to comply with the Optionee's personal obligations under local laws, rules and/or <br>regulations in the Optionee's country of employment and country of residence, if different).<br>|
| 16. | **<u>Imposition of Other Requirements</u>.** The Company reserves the right to impose other requirements on the<br>Optionee'sparticipationinthePlan,ontheStockOption,andonanysharesofCommonStockacquiredunder<br>thePlan,totheextenttheCompanydeterminesitisnecessaryoradvisableforlegaloradministrativereasons,<br>and to require the Optionee to sign any additional agreements or undertakings that may be necessary to<br>accomplish the foregoing.<br>|
| 17. | **<u>Committee's</u><u>Powers</u>.**NoprovisioncontainedinthisAgreementshallinanywayterminate,modifyoralter,or<br>be construed or interpreted as terminating, modifying oraltering any of the powers, rights orauthority vested<br>in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions<br>adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and<br>elections with respect to the Stock Option. Any dispute regarding the interpretation of this Agreement or the<br>termsofthePlanshallbesubmittedtotheCommitteeoritsdelegatewhoshallhavethediscretionaryauthority<br>to construe the termsof thisAgreement, the Plan,andalldocumentsancillaryto this Award.Thedecisionsof<br>theCommitteeoritsdelegateshallbefinalandbindingandanyreviewingcourtoflaworotherpartyshalldefer<br>to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this review<br>standard subject the Plan or Award to the U.S. Employee Retirement Income Security Act.<br>|
| 18. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe <br>Company and all persons lawfully claiming under the Optionee.<br>|
| 19. | **<u>Governing Law and Forum</u>**. Without limiting the effect of section 16, this Agreement shall be governed by,<br>and construed in accordance with, the lawsof the State of Delaware without regard to principlesof conflict of<br>laws.<br>|
| 20. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 21. | **<u>Waiver</u>**.The waiverby theCompany with respecttoOptionee's (oranyotheroptionee's)compliancewithany<br>provision of this Agreement shall not operate or be construed as a waiver of any other provision of this<br>Agreement, or of any subsequent breach by such party of a provision of this Agreement<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>by searching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at <u>https://investors.generalmills.com/financial-information/sec-</u><u>filings/</u><br><u>default.aspx</u>.<br>**GENERALMILLS,INC.** | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>by searching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at <u>https://investors.generalmills.com/financial-information/sec-</u><u>filings/</u><br><u>default.aspx</u>.<br>**GENERALMILLS,INC.** |

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**GENERAL MILLS, INC. PERFORMANCE**

**STOCKUNITAWARDAGREEMENT**

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| | |
|:---|:---|
| **GRANT DATE:** |  |
| **PARTICIPANT:** | [CEO] |
| **PERNR:** |  |
| **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** | **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** |
| **PERFORMANCEPERIOD:** |  |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |

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**ThisAwardismadeundertheGeneralMills,Inc.2022StockCompensationPlan(the"Plan"), and is subject to the terms and conditions contained in the Plan document and this**

**PerformanceStockUnitAwardAgreement("Agreement").TheParticipant:(i)acknowledges**

**receipt of a copy of the Plan and Plan prospectus, (ii) represents that the Participant has**

**carefully read and is familiar with the provisions of this Agreement and the Plan, and (iii)**

**hereby accepts the Performance Stock Units subject to all of the terms and conditions set**

**forth herein, and in the Plan.If the Participant does not wish to receive the Performance**

**Stock Units and/or does not consent and agree to the terms and conditions on which the**

**Performance Stock Units are offered, as set forth in this Agreement and the Plan, then the**

**Participant must reject this Award via the website of the Company's designated broker, no**

**later than60 days followingtheGrantDate.Ifthe Participantrejects this Award, this Award**

**will immediately be forfeited and cancelled.The Participant's failure to reject this Award**

**within this 60 day period will constitute the Participant's acceptance of this Award and all**

**terms and conditions of this Award, as set forth in this Agreement and the Plan.**

**THIS AWARD, dated ontheabove Grant Date, is made byGeneral Mills, Inc.,(the "Company"), and** 

**madetothepersonnamedabove(the"Participant"orreferredtoas"I","you",or"my")("Award").**

1.**<u>Award of Units</u>.** Each unit awarded represents the right to receive one share of the Company

common stock, par value USD 0.10 per share ("Stock"). The units granted pursuant to this

Agreement are referred to as the "Performance Stock Units". The number of Performance Stock

Units earned by the Participant for the Performance Period will be determined at the end of the

Performance Period based on the level of achievement against the Performance Measures and

conditions inaccordance with AttachmentA. The numberof shares of Stock theParticipant ispaid

is dependent on thenumberof Performance Stock Units earnedand satisfactory completion ofthe

service requirements described herein. Whether, and the extent to which Performance Measures

have been satisfiedat theendof thePerformancePeriod shallbe certified bytheCompensation &

Talent Committee before any payment is made, and all such determinations shallbe made by the

Compensation & Talent Committee in itssole discretion. Foreach Performance Stock Unit earned

andvested,ifany,attheExpirationDateoftheRestrictedPeriod,oneshareoftheCompany'sStock

shall be issued to the Participant on the Expiration Date of the Restricted Period, subject to any

additionalrestrictionsorholdingrequirementsinAttachmentA.Exceptasotherwisedefinedherein,

capitalized terms shall have the same meanings ascribed to them under the Plan.

2.**<u>Vesting</u><u>of</u><u>Performance</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**

(a)**Vesting Schedule**. The Performance Stock Units shall vest on the Expiration Date of the

Restricted Period set forth above ("Vesting Date") subject to the terms of this Agreement

and the Plan.

(b)**Forfeiture of Performance Stock Units**. The Participant acknowledges that the

Performance Stock Units awarded hereunder are subject to forfeiture if the Participant's

employment with the Company orany subsidiary or affiliated companies terminates under

certain circumstances before the Vesting Date, as herein provided.

(i)*Resignation or Termination for Cause.*If the Participant's employment with the

Company or any subsidiary or affiliated companies is terminated by either (i)

resignation, or (ii) a discharge due to Participant's illegal activities, poor work

performance,misconduct or violation of the Company's Code of Conduct, policies

or practices, then these Performance Stock Units, to the extent they are not fully

vested as of the Termination Date, shall for no consideration be cancelled and

forfeited in their entirety. For the avoidance of doubt, "Termination Date" for

purposes of this Award will be deemed to occur as of the date Participant is no

longeractivelyprovidingservicesasanemployee,unlessotherwisedeterminedby

the Company in its solediscretion, andno vesting shallcontinueduringanynotice

period that may be specified under contract orapplicable law with respect to such

termination,includingany"gardenleave"orsimilarperiod,exceptasmayotherwise

be permitted in the Company's sole discretion.

(ii)*Involuntary Termination/ Early Retirement.*If the Participant's employment by the

Company terminates involuntarily at the initiation of the Company for any reason

otherthan specified in Plan Section 11 (Change in Control), or (i), (iv) or(v) in this

section 2, and upon the execution (without revoking) of an effective general legal

release and such other documents as are satisfactory to the Company, or if the

Participantretiresonorafterage55butbeforeage62,thisAwardshallbepayable

on the Expiration Date of the Restricted Period with a value, if any, that otherwise

would be earned under the applicable performance goals established under

Attachment A based on actual performance; and shall vest at the Expiration Date

of the Restricted Period in a pro-rata amount based on actual employment

completedduringthePerformancePeriodthroughthedateoftermination.Allother

Performance Share Units shall be forfeited as of the date of termination.

(iii)*Death.*If a Participant dies while employed by the Company or any subsidiary or

affiliated companiesduringthePerformancePeriod, this Award shallfully vestand

shallbe considered tobeearned in full"at target"as if theapplicablePerformance

Measures established in Attachment A have been achieved at target, and settled

andpaidonthefirstdayof themonthfollowingdeathto thedesignatedbeneficiary

or beneficiaries.

(iv)*Normal Retirement*.If the termination of employment is due to a Participant's

retirement on orafter age 62, then if such retirement occurs before the end of the

Company's fiscal year within which this Award was granted, it shall vest in a pro-

rataamount basedonactualemployment completedduring saidfiscalyear.But if

suchretirementoccursaftertheendof the fiscalyearinwhichit isawarded,thenit

shallvest fully.In eithercase, vested Units shallbepaid on theExpiration Dateof

the Restricted Period, with a value, if any, that otherwise would be earned under

the applicable performance goals established in the Attachment based on actual

performance.

(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the

divestiture, cessation, transfer, or spin-off of a line of business or other activity of

theCompany,theCommittee,initssolediscretion,shalldeterminetheconversion,

vesting,orothertreatmentoftheseAwards.Suchtreatmentshallbeconsistentwith

Code Section 409A, and in particular will take into account whether a separation

from service has occurred within the meaning of Code Section 409A.

3.**<u>Dividend</u><u>Equivalents</u>.**SubjecttoanyapplicableprovisionsinAttachmentA,anydividendsorother

distributionsdeclaredpayableontheCompany'sStockonoraftertheGrantDateofthisAwarduntil

theAwardissettledand/orforfeitedshallbecreditednotionallytotheParticipantinanamountequal

to such declared dividends or other distributions on an equivalent number of shares of Stock

("Dividend Equivalents").Dividend Equivalents so credited shall be paid if, and only to the extent,

the underlying Performance Stock Units to which they relate become unrestricted and vest, as

providedunderthetermsofthePlanandthisAgreement.DividendEquivalentscreditedinrespect

to Performance Stock Units that are forfeited under the terms of the Plan and this document, are

correspondingly forfeited.No interest orotherearnings shall be credited on Dividend Equivalents.

Vested DividendEquivalentsshallbepaid incashatthe sametimeastheunderlyingPerformance

Stock Units to which they relate are settled.

4.**<u>Settlement</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**UponvestingofthePerformanceStockUnits,settlement

shallbe completed as soon as administratively practicable but in no event laterthan 30 days after

the vesting date, except where such settlement following a Section 409A Separation from Service

requiresa six-month delay. TheCompany willprovideforsettlementinthe formofsharesofStock.

At the Company's discretion, additional restrictions or holding requirements may be imposed on

settled Units and dividend equivalents, if any.

5.**<u>Non-Transferability</u>**. The Performance Stock Units may not be sold, assigned, pledged,

exchanged, hypothecated, encumbered, disposed of, or otherwise transferred, unless otherwise

providedin thePlanorthisAgreement.Uponany attemptto transfer,assign,pledge,hypothecate

or otherwise dispose of the Performance Stock Units or of such rights contrary to the provisions

hereof or in the Plan, the Performance Stock Units and such rights shall immediately become null

and void.

6.**<u>Withholding of Tax</u>.** The Participant acknowledges that, regardless of any action taken by the

Company or, if different, the subsidiary or affiliated company that employs the Participant (the

"Employer"), the ultimate liability forall income tax, social contributions, payroll tax, fringe benefits

tax, payment on account, hypothetical tax or other tax-related items related to the Participant's

participation in the Planand legally applicableto the Participantordeemedby theCompanyorthe

Employerintheirdiscretiontobe an appropriate chargetothe Participant even if legallyapplicable

to the Company or the Employer ("Tax-Related Items"), is and remains the Participant's

responsibility and may exceed the amount actually withheld by the Company or the Employer, if

any. The Participant further acknowledges that the Company and/or the Employer (a) make no

representations or undertakings regarding the treatment of any Tax-Related Items in connection

with anyaspectofthePerformanceStock Units, including,but not limited to,thegrant, vesting,the

subsequent sale of shares of Stock acquired pursuant to such vesting and the receipt of any

dividends; and (b)do not commit to and are underno obligation to structure the terms of the grant

oranyaspectofthePerformanceStockUnitstoreduceoreliminatetheParticipant'sliabilityforTax-

RelatedItemsorachieveanyparticulartaxresult.Further,iftheParticipantissubjecttoTax-Related

Items inmorethanonejurisdiction between theGrant Dateand thedateof any relevant taxable or

tax withholding event, as applicable, the Participant acknowledges that the Company and/or the

Employer (or former employer, as applicable) may be required to withhold or account for Tax-

Related Items in more than one jurisdiction.

Priortothe relevant taxable ortax withholdingevent,asapplicable, theParticipantagrees tomake

adequatearrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-Related

Items. In this regard, unless otherwise approved by the Committee, the Company shall satisfy the

obligations with regard to all Tax-Related Items by one or a combination of the following: (i)

withholding from the Participant's wages orothercash compensationpaid to the Participantby the

Company and/or the Employer; (ii) withholding from the shares of Stock to be delivered upon

settlement of the Performance Stock Units or other awards granted to the Participant or (iii)

permittingtheParticipanttotendertothe Companycashor, ifallowedby theCommittee, sharesof

Stock.

Dependingonthewithholdingmethod,theCompanymaywithholdoraccountforTax-RelatedItems

by consideringapplicable statutorywithholding rates (asdetermined bythe Company in good faith

andinitssolediscretion)orotherapplicablewithholdingrates,includingmaximumapplicablerates,

in which case the Participant will receive a refund of any over-withheld amount and will have no

entitlementtotheshareequivalent.IftheobligationforTax-RelatedItemsissatisfiedbywithholding

from the shares of Stock to be delivered upon vesting of the Performance Stock Units, for tax

purposes,theParticipantisdeemedtohavebeen issuedthefullnumberof sharesofStocksubject

to the Performance Stock Units, notwithstanding that a number of shares of Stock are held back

solely for the purpose of paying the Tax-Related Items. The Participant will have no further rights

with respect to any shares of Stock that are retained by the Company pursuant to this provision.

The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items

that the Company or the Employer may be required to withhold or account for as a result of the

Participant's participation in the Plan that cannot be satisfied by the means previously described.

TheCompanymayrefusetoissueordeliversharesofStockorproceedsfromthesaleofsharesof

Stockuntilarrangementssatisfactoryto theCompanyhavebeenmade in connection withthe Tax-

Related Items.

7.**<u>Restrictive Covenants; Confidential Information</u>.** The Participant agrees to cooperate with the

Company inany way needed in orderto comply with, orfulfill the terms of the Planandthis Award

document.As a term and condition of this Award, Participant agrees to the following terms:

a.I agreetouse GeneralMills ConfidentialInformationonlyas needed in theperformance of

my duties, to holdand protect such informationas confidentialto the Company, and not to

engage in any unauthorized use or disclosure of such information for so long as such

informationqualifiesasConfidentialInformation. Iagreethataftermyemploymentwith the

Companyterminatesforanyreason,including"retirement"as thattermisused inthePlan,

I will not use or disclose, directly or indirectly, Company Confidential Information or trade

secrets for any purpose, unless I get the prior written consent of my manager to do so.

This document does not prevent me from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including this document, unless such information is legally protected from

disclosuretothirdparties.Idonotneedpriorcompanyauthorizationtotaketheseactions,

nor must I notify the company I have done so.

Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunderany

federalorstatetrade secret lawformakingatradesecretdisclosure: (A)inconfidencetoa

federal, state, or local government official, either directly or indirectly, or to an attorney,

solely for the purpose of reporting or investigating a suspected violation of law; or(B) in a

complaint or other document filed in a lawsuit or other proceeding, if such filing is made

under seal.

GeneralMills Confidential Information means any non-public information I create, receive,

use or observe in the performance of my job at General Mills, including trade secrets.

Examples of Confidential Information include marketing, merchandising, business plans,

businessmethods,pricing,purchasing,licensing,contracts,employee,supplierorcustomer

information, financial data, technological developments, manufacturing processes and

specifications, product formulas, ingredient specifications, software code, and all other

proprietary information which is not publicly available to others.

Prior to leaving the Company, I agree to return all materials in my possession containing

ConfidentialInformation, as wellasallotherdocumentsandothertangibleitems provided

to me by General Mills, or developed by me in connection with my employment with the

Company.

b.[*This Section 7.b. does not apply to California, Colorado, Minnesota, and Washington -*

*based employees.*] I agree that for one year after I leave the Company, including retiring

fromthe Company, I willnot work on any product, brand category, process, orservice: (A)

on which I worked, or about which I had access to Confidential Information, in the year

immediately preceding my termination (including retirement) from General Mills, and (B)

which competes with General Mills products, brand categories, processes, or related

services.

c.I agree that forone year afterI leave General Mills, including retiring from the Company, I

willrefrainfromdirectlyorindirectlysolicitingCompanyemployeesforthepurposeofhiring

them or inducing them to leave their employment with the Company.

d.IagreethatafterIleaveGeneralMills,includingretiringfromtheCompany,Iwillindefinitely

refrain from using Company client or contact lists, and for two years I will refrain from

soliciting the Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Award,

termination and forfeitureofanyunvested Units,and/orrequired payment to the Companyof allor

a portion of any monetary gains acquired by the Participant as a result of the Award, unless the

Awardvestedandwassettledmorethanfour(4)yearspriortothebreach.Theforegoingremedies

are in addition to, and not in lieu of injunctive relief and/or any other legal or equitable remedies

available under applicable law.

8.**<u>Nature</u><u>of</u><u>Grant</u>.**InacceptingthePerformanceStockUnits,theParticipantacknowledges and

agrees that:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may

bemodified, amended, suspended orterminatedby the Company, in its sole discretion, at

any time (subject to any limitations set forth in the Plan);

(b)the grant of the Performance Stock Units is voluntary and occasionaland does not create

anycontractualorotherrighttoreceivefuturegrantsofPerformanceStockUnits,orbenefits

inlieuofPerformanceStockUnits,evenifPerformanceStockUnitssorotherawardshave

been granted in the past;

(c)all decisions with respect to future awards, if any, will be at the sole discretion of the

Company;

(d)theParticipant'sparticipationinthePlanisvoluntary;

(e)thePerformance Stock Units andthe Participant's participation in thePlan shallnot create

a right to employment or be interpreted as forming an employment contract with the

Company or any of its Subsidiaries or affiliated companies and shall not interfere with the

ability of the Company or the Employer, as applicable, to terminate the Participant's

employment relationship (as otherwise may be permitted under local law);

(f)unless otherwise agreed with the Company, the Performance Stock Units and any shares

of Stock acquired upon vesting of the Performance Stock Units, and the income from and

value of same, are not granted as consideration for, or in connection with, any service the

Participant may provide as a director of any subsidiary or affiliate of the Company;

(g)the Performance Stock Units and any shares of Stock acquired under the Plan and the

incomeand value of same, are not part of normal or expected compensation forpurposes

of calculating any severance, resignation, termination, redundancy, dismissal, end-of-

servicepayments,bonuses, long-serviceawards,pensionorretirementorwelfarebenefits

orsimilarpayments and innoevent should be considered as compensation for,orrelating

in any wayto, past servicesforthe Company, theEmployerorany subsidiary oraffiliateof

the Company;

(h)thefuturevalueofthesharesofStockunderlyingthePerformanceStockUnitsisunknown,

indeterminable, and cannot be predicted with certainty;

(i)upon vesting of the Performance Stock Units, the value of such shares of Stock may

increase or decrease in value;

(j)no claim or entitlement to compensation or damages shall arise from forfeiture of the

PerformanceStockUnitsresultingfromterminationoftheParticipant'semployment(forany

reason whatsoever and whether or not in breach of local labor laws or later found invalid)

and, in considerationofthePerformanceStock Units,theParticipantagreesnottoinstitute

any claim against the Company or the Employer;

(k)the Performance Stock Units and the benefits evidenced by this Agreement do not create

any entitlement not otherwise specifically provided for in the Plan or provided by the

Company in its discretion, to have the Performance Stock Units or any such benefits

transferred to, or assumed by, another company, nor to be exchanged, cashed out or

substituted for, in connection with any corporate transaction affecting the sharesof Stock;

and

(l)neither the Company nor any of its Subsidiaries or affiliated companies shall be liable for

anyforeignexchange rate fluctuationbetweentheParticipant'slocalcurrencyand theU.S.

dollar thatmayaffect the value of the Performance Stock Units or anyamountsdue to the

Participant pursuant to the vesting of the Performance Stock Units orthe subsequent sale

of any shares of Stock acquired upon vesting of the Performance Stock Units.

9.**<u>Data Privacy</u>.** If the Participant would like to participate in the Plan, the Participant will need to

review the information provided in this Section 9 and, where applicable, declare the Participant's

consent to the processing of personal data by the Company and the third parties stated below.

IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnited

Kingdom, please note that General Mills, Inc. with registered address at One General Mills

Boulevard, Minneapolis, MN 55426-1347, is the controller responsible for the processing of the

Participant's personal data in connection with the Agreement and the Plan.

*(a)<u>Data Collection and Usage.</u> The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheParticipant,specifically,theParticipant'sname,*

*home address and telephone number, email address, date of birth, social insurance,*

*passport number or other identification number, salary, nationality, job title, any shares of*

*Stock or directorships held in the Company or any affiliated company, details of all*

*Performance Stock Units or any other entitlement to shares of Stock awarded, canceled,*

*exercised, settled, vested, unvested or outstanding in the Participant's favor, which the*

*CompanyreceivesfromtheParticipantortheEmployer(the"Data").TheCompanycollects,*

*processes and uses the Data for the purposes of performing its contractual obligations*

*under this Agreement, implementing, administering and managing the Participant's*

*participation in the Plan and facilitating compliance with applicable tax and securities law.*

*IftheParticipantisbasedintheEU,EEAorUnitedKingdom,thelegalbasisforthe* 

*processingoftheDatabytheCompanyisthenecessityoftheprocessingfortheCompany*

*toperformitscontractualobligationsunderthisAgreementandthePlanandtheCompany's*

*legitimate business interests of managing the Plan,administering employeeequityawards*

*and complying with its contractual and statutory obligations.*

*If the Participant is based in any otherjurisdiction, the legalbasis forthe processing of the*

*Data by the Company is the Participant's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers.</u> The Company transfers Data to E\*TRADE*

*Financial Corporate Services, Inc. (including its affiliated companies), an independent*

*service provider which assists the Company with the implementation, administration and*

*managementofthePlan.Inthefuture,theCompanymayselectadifferentserviceprovider,*

*which will in a similar manner, share Data with such service provider. The Company's*

*service provider will maintain an account forthe Participant to administer thePerformance*

*Stock Units. The processing of Data will take place through both electronic and non-*

*electronicmeans. Data willonlybeaccessiblebythose individualsrequiringaccessto itfor*

*purposes of implementing, administering and operating the Plan.*

*(c)<u>International</u><u>Data</u><u>Transfers.</u>TheCompanyanditsserviceprovidersarebasedintheUnited*

*States and India. The Participant's country or jurisdiction may have different data privacy*

*laws and protections than the United States and India. An appropriate level of protection*

*can be achieved by implementing safeguards such as the Standard Contractual Clauses*

*adopted by the EU Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant'sjurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsservice*

*providers based on the Participant's consent, as further described below.*

*(d)<u>Data Retention.</u> The Company will use the Data only as long as necessary to implement,*

*administerand manage the Participant'sparticipation in the Plan,oras required to comply*

*with legal orregulatoryobligations, including taxand securitieslaws.When the Company*

*no longer needs the Data, the Company will remove it from its systems.If the Company*

*keepsdata longer, it wouldbe to satisfy legalor regulatoryobligationsand the Company's*

*legal basis would be relevant laws or regulations (if the Participant is in the EU, EEA or*

*United Kingdom) or the Participant's consent (if the Participant is outside the EU, EEA or*

*United Kingdom).*

*(e)<u>Data</u><u>Subject Rights.</u> TheParticipant mayhave anumberof rights underdata privacy laws*

*in the Participant's jurisdiction. Subject to the conditions set out in the applicable law and*

*dependingonwheretheParticipantisbased,suchrightsmayincludetherightto(i)request*

*access to, or copies of, the Data processed by the Company, (ii) rectification of incorrect*

*Data, (iii) deletion of Data, (iv) restrictions on the processing of Data, (v) object to the*

*processingofDataforlegitimateinterests,(vi)portabilityofData,(vii)lodgecomplaintswith*

*competent authorities in the Participant's jurisdiction, and/or to (viii) receive a list with the*

*namesandaddressesofanypotentialrecipientsof Data. To receive clarification regarding*

*these rights or to exercise these rights, the Participant can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data.</u> The Participant understands that providing the*

*Company with Data is necessary for the performance of the Agreement and that the*

*Participant's refusal to provide the Data would make it impossible for the Company to*

*perform its contractual obligations and may affect the Participant's ability to participate in*

*the Plan.*

*(g)<u>Declaration</u><u>of</u><u>Consent</u><u>(if</u><u>the</u><u>Participant</u><u>is</u><u>outside</u><u>the</u><u>EU,</u><u>EEA</u><u>and</u><u>United</u><u>Kingdom).</u>The*

*Participantherebyunambiguouslyconsentstothecollection,useandtransfer,inelectronic*

*or other form, of the Data, as described above and in any other grant materials, by and*

*among,asapplicable,theEmployer,theCompanyandanyaffiliatedcompanyforthe*

*exclusive purpose of implementing, administering and managing the Participant's*

*participation in thePlan. TheParticipantunderstands thattheParticipant may, at any time,*

*refuse or withdrawthe consents herein, in any case without cost, by contacting HRDirect.*

*If the Participant does not consent or later seeks to revoke the Participant's consent, the*

*Participant's employment status or service with the Employer will not be affected; the*

*Participant's consequence of refusing or withdrawing consent is that the Company would*

*notbeableto award theParticipant Performance Stock Unitsor anyother equityaward to*

*the Participant or administer or maintain such awards.Therefore, the Participant*

*understands that refusing or withdrawing consent may affect the Participant's ability to*

*participate in the Plan. Formore information on the consequences of refusal to consent or*

*withdrawal of consent, the Participant should contact HR Direct.*

10.**<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation

Clawback Policies.

11.**<u>Insider</u><u>Trading;</u><u>Market</u><u>Abuse</u><u>Laws</u>.**ByparticipatinginthePlan,theParticipantagreestocomply

withtheCompany'spolicyoninsidertrading(totheextentthatitisapplicabletotheParticipant),the

Participant further acknowledgesthat,dependingonthe Participant'sor hisor herbroker's country

ofresidenceorwherethesharesofStockarelisted,theParticipantmaybesubjecttoinsidertrading

restrictionsand/ormarketabuse lawsthatmayaffecttheParticipant'sability toaccept,acquire, sell

or otherwise dispose of shares of Stock, rights to shares of Stock (e.g., Performance Stock Units)

or rights linked to the value of shares of Stock, during such times the Participant is considered to

have "inside information" regarding the Company as defined by the laws or regulations in the

Participant's country. Local insider trading laws and regulations may prohibit the cancellation or

amendment of orders the Participant places before he or she possessed inside information.

Furthermore,theParticipantcouldbeprohibitedfrom(i)disclosingtheinsideinformationtoanythird

party(otherthanona"needtoknow"basis)and(ii)"tipping"thirdpartiesorcausingthemotherwise

to buy or sell securities. The Participant understands that third parties include fellow employees.

Any restrictionunderthese lawsorregulations are separate fromandinaddition toanyrestrictions

that may be imposed under any applicable Company insider trading policy. The Participant

acknowledgesthatitistheParticipant'sresponsibilitytocomplywithanyapplicablerestrictions,and

that the Participant should therefore consult the Participant's personal advisor on this matter.

12.**<u>Electronic Delivery</u>.** The Participant agrees, to the fullest extent permitted by law, in lieu of

receiving documents in paper format, to accept electronic delivery of any documents that the

Companyand its Subsidiaries oraffiliated companiesmaydeliverin connection with thisgrant and

any other grants offered by the Company, including prospectuses, grant notifications, account

statements, annual or quarterly reports, and other communications. Electronic delivery of a

document may be made via the Company's email system or by reference to a location on the

Company's intranet or website or a website of the Company's agent administering the Plan. By

accepting this grant, whether electronically or otherwise, the Participant hereby consents to

participate inthePlanthroughsuchsystem,intranet,orwebsite, includingbutnot limitedtotheuse

of electronic signatures or click-through electronic acceptance of terms and conditions.

13.**<u>English Language</u>.** The Participant acknowledges and agrees that it is the Participant's express

intent that this Agreement and the Plan and all other documents, notices and legal proceedings

enteredinto,givenorinstitutedpursuanttothePerformanceStockUnitsbedrawnupinEnglish.To

the extent the Participant has been provided with a copy of this Agreement, the Plan, orany other

documentsrelatingtothisAwardinalanguageotherthanEnglish,theEnglishlanguagedocuments

will prevail in case of any ambiguities or divergences as a result of translation.

14.**<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Performance Stock Units shall

be subject to any special terms and conditions set forth in the Country-Specific Addendum to this

Agreement(the"Addendum").Moreover,iftheParticipanttransferstooneofthecountriesincluded

in such Addendum, the special terms and conditions for such country will apply to the Participant,

totheextenttheCompanydeterminesthattheapplicationofsuchtermsandconditionsisnecessary

oradvisabletocomplywithlocallaworfacilitatetheadministrationofthePlan(ortheCompanymay

establish alternative terms and conditions as may be necessary or advisable to accommodate the

Participant's transfer). The Addendum constitutes part of this Agreement.

15.**<u>Not a Public Offering</u>**. The award of the Performance Stock Units is not intended to be a public

offeringofsecuritiesintheParticipant'scountryofemployment(orcountryofresidence,ifdifferent).

TheCompanyhasnotsubmittedanyregistrationstatement,prospectusorotherfilingswiththelocal

securitiesauthorities(unlessotherwiserequiredunderlocallaw),andtheawardofthePerformance

Stock Unitsis not subject to the supervision of the local securities authorities. *No employee of the*

*Companyorany of itsSubsidiaries oraffiliated companies is permitted to advise the Participanton*

*whetherhe/she should participate in the Plan. Acquiring shares of Stock involvesa degree of risk.*

*Before deciding to participate in the Plan, the Participant should carefully consider all risk factors*

*relevanttotheacquisitionofsharesofStockunderthePlanand carefullyreviewallofthematerials*

*relatedtothePerformanceStockUnitsandthePlan.Inaddition,theParticipantshouldconsultwith*

*his/her personal advisor for professional investment advice.*

16.**<u>Repatriation;</u><u>Compliance</u><u>with</u><u>Law</u>**.TheParticipantagreestorepatriateallpaymentsattributable

to the shares of Stock and/or cash acquired under the Plan in accordance with applicable foreign

exchange rules and regulations in the Participant's country of employment (and country of

residence, if different). In addition, the Participant agrees to take any and all actions, and consent

to any and all actions taken by the Company and any of its Subsidiaries and affiliated companies,

as may be required to allow the Company and any of its Subsidiaries and affiliated companies to

comply with local laws, rules and/or regulations in the Participant's country of employment (and

country of residence, if different). Finally,the Participantagrees to take any andallactions asmay

be required to comply with the Participant's personal obligations under local laws, rules and/or

regulations in the Participant's country of employment and country of residence, if different).

17.**<u>Imposition</u><u>of</u><u>Other</u><u>Requirements</u>**.TheCompanyreservestherighttoimposeotherrequirements

on the Participant's participation in the Plan, on the Performance Stock Unit, and on any shares of

Stock acquired underthe Plan, to the extent the Company determines it is necessary oradvisable

forlegaloradministrative reasons,andto requiretheParticipanttosign anyadditionalagreements

or undertakings that may be necessary to accomplish the foregoing.

18.**<u>Committee's</u><u>Powers</u>**.NoprovisioncontainedinthisAgreementshallinanywayterminate,modify

oralter,orbeconstruedorinterpretedasterminating,modifyingoralteringanyofthepowers,rights

or authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the

terms of thePlan orresolutionsadopted infurtheranceofthe Plan, including,without limitation, the

right tomakecertaindeterminationsandelectionswith respecttothe PerformanceStock Unit. Any

disputeregarding theinterpretationofthisAgreementorthe termsofthePlan shallbesubmittedto

the Committee or its delegate who shall have the discretionary authority to construe the terms of

thisAgreement,thePlan,andalldocumentsancillarytothisAward.ThedecisionsoftheCommittee

orits delegate shall befinal andbindingand any reviewing courtof law orotherparty shall deferto

its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this

review standard subject the Plan orAward to the U.S. Employee Retirement Income Security Act.

19.**<u>Binding Effect</u>**. This Agreement shallbe binding upon and inure to the benefit of any successors

to the Company and all persons lawfully claiming under the Participant.

20.**<u>Governing Law and Forum</u>**. Without limiting the effect of section 16, this Agreement shall be

governedby,andconstruedinaccordancewith,thelawsoftheStateofDelawarewithoutregardto

principles of conflict of laws.

21.**<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the

provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the

Agreementshallbereformedand construedsothatitwouldbeenforceabletothemaximumextent

legallypossible, and if it cannot be so reformed and construed, as if suchunenforceable provision,

or part thereof, had never been contained herein.

22.**<u>Waiver</u>**. The waiver by the Company with respect to Participant's (or any other participant's)

compliance with any provision of this Agreement shall not operate or be construed as a waiver of

anyotherprovisionof this Agreement, orof any subsequent breach by such partyof aprovision of

this Agreement.

A copy of the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is

available on G&Me by searching "2022 Stock Compensation Plan".A copy of the Company's latest

AnnualReporton Form10-K isalsoavailableon theCompany'swebsiteat www.generalmills.comunder

Investor Information/Annual Reports.

**GENERALMILLS,INC.**

**GENERAL MILLS, INC. PERFORMANCE**

**STOCKUNITAWARDAGREEMENT**

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| | |
|:---|:---|
| **GRANT DATE:** |  |
| **PARTICIPANT:** | [Officer] |
| **PERNR:** |  |
| **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** | **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** |
| **PERFORMANCEPERIOD:** |  |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |

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**ThisAwardismadeundertheGeneralMills,Inc.2022StockCompensationPlan(the"Plan"), and is subject to the terms and conditions contained in the Plan document and this**

**PerformanceStockUnitAwardAgreement("Agreement").TheParticipant:(i)acknowledges**

**receipt of a copy of the Plan and Plan prospectus, (ii) represents that the Participant has**

**carefully read and is familiar with the provisions of this Agreement and the Plan, and (iii)**

**hereby accepts the Performance Stock Units subject to all of the terms and conditions set**

**forth herein, and in the Plan.If the Participant does not wish to receive the Performance**

**Stock Units and/or does not consent and agree to the terms and conditions on which the**

**Performance Stock Units are offered, as set forth in this Agreement and the Plan, then the**

**Participant must reject this Award via the website of the Company's designated broker, no**

**later than60 days followingtheGrantDate.Ifthe Participantrejects this Award, this Award**

**will immediately be forfeited and cancelled.The Participant's failure to reject this Award**

**within this 60 day period will constitute the Participant's acceptance of this Award and all**

**terms and conditions of this Award, as set forth in this Agreement and the Plan.**

**THIS AWARD, dated ontheabove Grant Date, is made byGeneral Mills, Inc.,(the "Company"), and** 

**madetothepersonnamedabove(the"Participant"orreferredtoas"I","you",or"my")("Award").**

1.**<u>Award</u><u>of</u><u>Units</u>.**Eachunitawardedrepresentstherighttoreceiveone shareoftheCompanycommon

stock,parvalueUSD0.10pershare("Stock").TheunitsgrantedpursuanttothisAgreementarereferred

toasthe"PerformanceStockUnits".ThenumberofPerformanceStockUnitsearnedbytheParticipant

forthePerformancePeriod willbedetermined atthe end ofthe PerformancePeriod basedon the level

of achievement against the Performance Measures and conditions in accordance with Attachment A.

ThenumberofsharesofStocktheParticipantispaidisdependentonthenumberofPerformanceStock

Units earned and satisfactory completion of the service requirements described herein. Whether, and

the extent to which Performance Measures have been satisfied at the end of the Performance Period

shallbe certified by the Compensation & Talent Committee before any payment is made, and all such

determinations shallbemadeby theCompensation &Talent Committee initssolediscretion.Foreach

Performance Stock Unitearned and vested, if any,at the Expiration Dateof the RestrictedPeriod,one

shareoftheCompany'sStockshallbeissuedtotheParticipantontheExpirationDateoftheRestricted

Period, subject to any additional restrictions or holding requirements in Attachment A. Except as

otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the

Plan.

2.**<u>Vesting</u><u>of</u><u>Performance</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**

a)**VestingSchedule**.ThePerformanceStockUnitsshallvestontheExpirationDateoftheRestricted

Period set forth above ("Vesting Date") subject to the terms of this Agreement and the Plan.

b)**Forfeiture of Performance Stock Units**. The Participant acknowledges that the Performance

Stock Units awarded hereunder are subject to forfeiture if the Participant's employment with the

Company orany subsidiary oraffiliated companies terminates under certain circumstances before

the Vesting Date, as herein provided.

i)*Resignation or Termination for Cause.*If the Participant's employment with the Company or

any subsidiary oraffiliated companies is terminated by either (i) resignation, or(ii) a discharge

due to Participant's illegal activities, poor work performance, misconduct or violation of the

Company's Codeof Conduct,policiesorpractices, then thesePerformanceStockUnits,tothe

extent they are not fully vested as of the Termination Date, shall for no consideration be

cancelled and forfeited in their entirety. For the avoidance of doubt, "Termination Date" for

purposes of this Award willbe deemed to occuras of thedate Participant is no longeractively

providing services as an employee, unless otherwise determined by the Company in its sole

discretion, and no vesting shall continue during any notice period that may be specified under

contract or applicable law with respect to such termination, including any "garden leave" or

similar period, except as may otherwise be permitted in the Company's sole discretion.

ii)*Involuntary Termination.*If the Participant's employment with the Company or any subsidiary

or affiliated companies terminates involuntarily at the initiation of the Company forany reason

other than specified in Plan Section 11 (Change in Control), or (i), (iv) or (v) in this section 2,

and upon the execution (without revoking)of an effective generallegalrelease andsuchother

documents as are satisfactory to the Company, the following rules shall apply:

(a)Intheeventthat,attheTerminationDate,thesumoftheParticipant'sageandyearsof

service withthe Company orany subsidiary oraffiliated companies equals orexceeds

70, then if such involuntary termination occurs before the end of the Company's fiscal

year within which this Award was granted, it shall vest in a pro-rata amount based on

actual employment completed during said fiscal year.But if such involuntary

termination occurs after the end of the fiscal year in which it is awarded, then it shall

vest fully.In either case, vested Performance Stock Units shall be settled and paid

(subject to any additional restrictions orholding requirements in Attachment A) on the

Expiration Date of the Restricted Period, with a value, if any, that otherwise would be

earnedundertheapplicablePerformanceMeasuresestablishedinAttachmentAbased

on actual performance.

(b)Intheeventthat,attheTerminationDate,thesumoftheParticipant'sageandyearsof

servicewiththeCompanyoranysubsidiaryoraffiliatedcompaniesis lessthan70,this

AwardshallbesettledandpaidontheExpirationDateoftheRestrictedPeriod(subject

to any additional restrictions or holding requirements in Attachment A) with a value, if

any, that otherwise would be earned under the applicable Performance Measures

established in Attachment A based on actual performance; and shall vest at the

Expiration Date of the Restricted Period in a pro-rata amount based on actual

employment completed during the Performance Period through the Termination Date.

All other Performance Stock Units shall be forfeited as of the Termination Date.

iii)*Death.*If a Participant dies while employed by the Company or any subsidiary or affiliated

companies during the Performance Period, this Award shallfully vest and shall be considered

to be earned in full "at target" as if the applicable Performance Measures established in

Attachment A have been achieved at target,and settled and paid on the first day of themonth

following death to the designated beneficiary or beneficiaries.

iv)*Retirement*.If the termination of employment is due to the Participant's retirement on or after

age 55 and completion ofat least five (5)yearsof service with the Companyorany subsidiary

or affiliated companies, then if such retirement occurs before the end of the Company's fiscal

year within which this Award was granted, it shall vest in a pro-rata amount based on actual

employmentcompleted during said fiscal year.But ifsuchretirement occurs after the end of

thefiscalyearinwhich itisawarded,thenitshallvestfully.Ineithercase,vestedPerformance

StockUnitsshallbesettledandpaidon theExpirationDateofthe RestrictedPeriod (subjectto

any additional restrictions or holding requirements in Attachment A), with a value, if any, that

otherwise would be earned under the applicable Performance Measures established in

Attachment A based on actual performance.Notwithstanding the above, the terms of this

paragraph (iv) shallnot apply to a Participant who, prior to a Change of Control, is terminated

forcauseasdescribedin(b)(i); saidParticipantshallbetreatedasprovidedinparagraph(b)(i).

v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its solediscretion, shalldetermine the conversion, vesting,orothertreatmentof

theseAwards.SuchtreatmentshallbeconsistentwithCodeSection409A,andinparticularwill

take into account whethera separation from service has occurred within the meaning of Code

Section 409A.

3.**<u>Dividend Equivalents</u>.** Subject to any applicable provisions in Attachment A, any dividends or other

distributionsdeclaredpayableontheCompany'sStockonoraftertheGrantDateofthisAwarduntilthe

Award is settled and/or forfeited shall be credited notionally to the Participant in an amount equal to

such declared dividends or other distributions on an equivalent number of shares of Stock ("Dividend

Equivalents").Dividend Equivalents so credited shall be paid if, and only to the extent, the underlying

Performance Stock Units to which they relate become unrestricted and vest, as provided under the

terms of the Plan and this Agreement.Dividend Equivalents credited in respect toPerformance Stock

UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.No

interestorotherearnings shallbecreditedon DividendEquivalents.VestedDividendEquivalentsshall

be paid in cash at the same time as the underlying Performance Stock Units to which they relate are

settled.

4.**<u>Settlement of Performance Stock Units</u>.** Upon vesting of the Performance Stock Units, settlement

shall be completed as soon as administratively practicable but in no event later than 30 days after the

vestingdate,except wheresuch settlement followinga Section409ASeparationfromService requires

a six-month delay. The Company will provide for settlement in the form of shares of Stock. At the

Company'sdiscretion, additional restrictionsorholding requirementsmaybe imposed on settled Units

and dividend equivalents, if any.

5.**<u>Non-Transferability</u>**. The Performance Stock Units may not be sold, assigned, pledged, exchanged,

hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlan

or this Agreement.Upon any attempt to transfer, assign, pledge, hypothecateor otherwise disposeof

the Performance Stock Units or of such rights contrary to the provisions hereof or in the Plan, the

Performance Stock Units and such rights shall immediately become null and void.

6.**<u>Withholding</u><u>of</u><u>Tax</u>.**TheParticipantacknowledgesthat,regardlessofanyactiontakenbytheCompany

or, if different, the subsidiary or affiliated company that employs the Participant (the "Employer"), the

ultimate liability for all income tax, social contributions, payroll tax, fringe benefits tax, payment on

account, hypotheticaltax orother tax-related items related to the Participant's participation in the Plan

and legally applicable tothe Participantordeemedby the Company ortheEmployerin their discretion

tobeanappropriatechargetotheParticipanteveniflegallyapplicabletotheCompanyortheEmployer

("Tax-Related Items"), is and remains the Participant's responsibility and may exceed the amount

actuallywithheldbytheCompanyortheEmployer,ifany.TheParticipantfurtheracknowledgesthatthe

Companyand/or theEmployer (a)makeno representationsorundertakings regarding thetreatmentof

anyTax-RelatedItemsinconnectionwithanyaspectofthePerformanceStockUnits,including,butnot

limited to, thegrant, vesting, thesubsequent saleof sharesof Stockacquired pursuant to such vesting

and the receipt ofany dividends; and (b)do not commit to and are undernoobligation to structure the

termsofthegrantoranyaspectofthePerformanceStockUnitstoreduceoreliminatetheParticipant's

liability forTax-RelatedItemsorachieveanyparticulartaxresult.Further,iftheParticipant issubjectto

Tax-Related Items in more than one jurisdiction between the Grant Date and the date of any relevant

taxableortax withholding event,asapplicable,the Participant acknowledges thatthe Companyand/or

theEmployer(orformeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-Related

Items in more than one jurisdiction.

Priortothe relevant taxable ortax withholdingevent,asapplicable, theParticipantagrees tomake

adequatearrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-Related

Items. In this regard, unless otherwise approved by the Committee, the Company shall satisfy the

obligations with regard to all Tax-Related Items by one or a combination of the following: (i)

withholding from the Participant's wages orothercash compensationpaid to the Participantby the

Company and/or the Employer; (ii) withholding from the shares of Stock to be delivered upon

settlement of the Performance Stock Units or other awards granted to the Participant or (iii)

permittingtheParticipanttotendertothe Companycashor, ifallowedby theCommittee, sharesof

Stock.

Dependingonthewithholdingmethod,theCompanymaywithholdoraccountforTax-RelatedItems

by consideringapplicable statutorywithholding rates (asdetermined bythe Company in good faith

andinitssolediscretion)orotherapplicablewithholdingrates,includingmaximumapplicablerates,

in which case the Participant will receive a refund of any over-withheld amount and will have no

entitlementtotheshareequivalent.IftheobligationforTax-RelatedItemsissatisfiedbywithholding

from the shares of Stock to be delivered upon vesting of the Performance Stock Units, for tax

purposes,theParticipantisdeemedtohavebeen issuedthefullnumberof sharesofStocksubject

to the Performance Stock Units, notwithstanding that a number of shares of Stock are held back

solely for the purpose of paying the Tax-Related Items. The Participant will have no further rights

with respect to any shares of Stock that are retained by the Company pursuant to this provision.

The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items

that the Company or the Employer may be required to withhold or account for as a result of the

Participant's participation in the Plan that cannot be satisfied by the means previously described.

TheCompanymayrefusetoissueordeliversharesofStockorproceedsfromthesaleofsharesof

Stockuntilarrangementssatisfactoryto theCompanyhavebeenmade in connection withthe Tax-

Related Items.

7.**<u>Restrictive Covenants; Confidential Information</u>.** The Participant agrees to cooperate with the

Company in any way needed in order to comply with, or fulfill the terms of the Plan and this Award

document.As a term and condition of this Award, Participant agrees to the following terms:

(a)IagreetouseGeneralMillsConfidentialInformationonlyasneededintheperformance

ofmyduties,tohold and protect such informationas confidentialtothe Company,and

nottoengage in any unauthorizeduseordisclosureof such information forso longas

suchinformationqualifiesasConfidentialInformation.Iagreethataftermyemployment

withtheCompanyterminatesforanyreason,including"retirement"asthattermisused

in the Plan, I will not use or disclose, directly or indirectly, Company Confidential

Information or trade secrets for any purpose, unless I get the prior written consent of

my manager to do so.

This documentdoes not preventme from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including thisdocument, unless such information islegallyprotected from

disclosure to third parties.I do not need prior company authorization to take these

actions, nor must I notify the company I have done so.

Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunder

any federal or state trade secret law for making a trade secret disclosure: (A) in

confidence to a federal, state, or local government official, either directly or indirectly,

ortoanattorney,solelyforthepurposeofreportingorinvestigatingasuspected

violation of law; or (B) in a complaint or other document filed in a lawsuit or other

proceeding, if such filing is made under seal.

General Mills Confidential Information means any non-public information I create,

receive, use orobserve in the performance of my job at General Mills, including trade

secrets.Examples of Confidential Information include marketing, merchandising,

businessplans,businessmethods,pricing,purchasing,licensing,contracts,employee,

supplier or customer information, financial data, technological developments,

manufacturing processes and specifications, product formulas, ingredient

specifications, softwarecode,andallotherproprietaryinformation which isnotpublicly

available to others.

PriortoleavingtheCompany,Iagreetoreturnallmaterialsinmypossessioncontaining

Confidential Information, as well as all other documents and other tangible items

providedtomebyGeneralMills,ordevelopedbymeinconnectionwithmyemployment

with the Company.

b)[*This Section 7.b. does not apply to California, Colorado, Minnesota, and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company,Iwillnotworkonanyproduct,brandcategory,process,orservice:(A)onwhichIworked,

or about which I had access to Confidential Information, in the year immediately preceding my

termination (including retirement) from General Mills, and (B) which competes with General Mills

products, brand categories, processes, or related services.

c) IagreethatforoneyearafterIleaveGeneralMills,includingretiringfromtheCompany,Iwillrefrain

from directly or indirectly soliciting Company employees forthe purpose of hiring them or inducing

them to leave their employment with the Company.

d) I agree thatafterIleaveGeneralMills, including retiringfromthe Company, Iwillindefinitelyrefrain

from using Company client or contact lists, and for two years I will refrain from soliciting the

Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Award,

termination and forfeiture of any unvested Units, and/or required payment to the Company of all or a

portion of any monetary gains acquired by the Participant as a result of the Award, unless the Award

vested and was settled more than four (4) years prior to the breach.The foregoing remedies are in

additionto,andnotinlieuofinjunctivereliefand/oranyotherlegalorequitableremediesavailableunder

applicable law.

8.**<u>Nature of</u><u>Grant</u>.** Inaccepting thePerformance Stock Units, theParticipant acknowledges and agrees

that:

a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be

modified, amended, suspended or terminated by the Company, in its sole discretion, at any time

(subject to any limitations set forth in the Plan);

b) the grant of the Performance Stock Units is voluntary and occasional and does not create any

contractual orother right to receive future grants of Performance Stock Units, orbenefits in lieu of

restricted stock units, even if Performance Stock Units restricted stock units or other awards have

been granted in the past;

c) alldecisionswith respectto futureawards,ifany,willbe atthesolediscretionofthe Company;

d) theParticipant'sparticipationinthePlanisvoluntary;

e) the Performance Stock Units and the Participant's participation in the Plan shall not create a right

toemploymentorbeinterpretedasforminganemployment contract withtheCompanyoranyof its

Subsidiaries or affiliated companies and shall not interfere with the ability of the Company or the

Employer, asapplicable, to terminate the Participant's employment relationship (as otherwisemay

be permitted under local law);

f) unless otherwise agreed with the Company, thePerformanceStock Unitsandanyshares ofStock

acquireduponvestingofthePerformanceStockUnits,andtheincomefromandvalueofsame,are

not granted as consideration for, or in connection with, any service the Participant may provide as

a director of any subsidiary or affiliate of the Company;

g) thePerformanceStock UnitsandanysharesofStockacquiredunderthePlanandtheincomeand

value of same, are not part of normal or expected compensation for purposes of calculating any

severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses,

long-serviceawards,pension orretirement orwelfare benefitsorsimilarpaymentsand innoevent

shouldbeconsideredascompensationfor,orrelatinginanywayto,pastservicesfortheCompany,

the Employer or any subsidiary or affiliate of the Company;

h) the future value of the shares of Stock underlying the Performance Stock Units is unknown,

indeterminable, and cannot be predicted with certainty;

i) upon vesting of the Performance Stock Units, the value of such shares of Stock may increase or

decrease in value;

j) no claim orentitlement to compensationordamages shallarise fromforfeiture of the Performance

Stock Units resulting from termination of the Participant's employment (for any reason whatsoever

and whetheror not in breach of local labor laws or later found invalid)and, in consideration of the

Performance Stock Units, the Participantagrees not to institute any claimagainst the Company or

the Employer;

k) the Performance Stock Units and the benefits evidenced by this Agreement do not create any

entitlement not otherwise specifically provided for in the Plan or provided by the Company in its

discretion,tohavethePerformanceStockUnitsoranysuchbenefitstransferredto,orassumedby,

another company, nor to be exchanged, cashed out or substituted for, in connection with any

corporate transaction affecting the shares of Stock; and

l) neithertheCompanynoranyofitsSubsidiariesoraffiliatedcompaniesshallbeliableforanyforeign

exchangeratefluctuationbetweentheParticipant'slocalcurrencyandtheU.S.dollarthatmayaffect

the value of the Performance Stock Units or any amounts due to the Participant pursuant to the

vesting of the Performance Stock Units or the subsequent sale of any shares of Stock acquired

upon vesting of the Performance Stock Units.

9.**<u>Data Privacy</u>.** If the Participant would like to participate in the Plan, the Participant will need to review

theinformationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttothe

processing of personal data by the Company and the third parties stated below.

IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnited

Kingdom, please note that General Mills, Inc. with registered address at One General Mills

Boulevard, Minneapolis, MN 55426-1347, is the controller responsible for the processing of the

Participant's personal data in connection with the Agreement and the Plan.

*a)<u>Data Collection and Usage.</u> The Company collects, processes, uses and transfers certain*

*personally-identifiable information about the Participant, specifically, the Participant's name, home*

*addressand telephone number, emailaddress, date of birth, socialinsurance, passportnumberor*

*otheridentificationnumber, salary,nationality, jobtitle,any sharesofStockordirectorships held in*

*the Company or any affiliated company, details of all Performance Stock Units or any other*

*entitlement to shares of Stock awarded, canceled, exercised, settled, vested, unvested or*

*outstanding in the Participant's favor, which the Company receives from the Participant or the*

*Employer (the "Data"). The Company collects, processes and uses the Data for the purposes of*

*performing its contractual obligations under this Agreement, implementing, administering and*

*managing the Participant's participation in the Plan and facilitating compliance with applicable tax*

*and securities law.*

*If the Participant is based in the EU, EEA or United Kingdom, the legal basis for the*

*processingoftheDatabythe Companyisthenecessityof theprocessingfortheCompany*

*toperformitscontractualobligationsunderthisAgreementandthePlanandtheCompany's*

*legitimate business interests of managing the Plan,administering employeeequityawards*

*and complying with its contractual and statutory obligations.*

*If the Participant is based in any otherjurisdiction, the legalbasis forthe processing of the*

*Data by the Company is the Participant's consent as further described below.*

*b)<u>Stock Plan Administration Service Providers.</u> The Company transfers Data to E\*TRADE Financial*

*CorporateServices,Inc.(includingitsaffiliated companies),an independentserviceproviderwhich*

*assists the Company with the implementation,administrationand managementof the Plan.In the*

*future, the Company may select a different service provider, which will in a similar manner, share*

*Data with such service provider. The Company's service provider will maintain an account for the*

*Participant to administer the Performance Stock Units. The processing of Data will take place*

*throughbothelectronicandnon-electronicmeans.Datawillonlybeaccessiblebythose individuals*

*requiring access to it for purposes of implementing, administering and operating the Plan.*

*c)<u>International</u><u>Data</u><u>Transfers.</u>TheCompanyanditsserviceprovidersarebasedintheUnitedStates*

*and India. The Participant's country or jurisdiction may have different data privacy laws and*

*protectionsthanthe UnitedStatesand India.An appropriatelevelofprotection canbeachievedby*

*implementing safeguards such as the Standard Contractual Clauses adopted by the EU*

*Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant'sjurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsservice*

*providers based on the Participant's consent, as further described below.*

*d)<u>Data</u><u>Retention.</u>TheCompanywillusetheDataonlyaslongasnecessarytoimplement,administer*

*and manage the Participant's participation in the Plan, or as required to comply with legal or*

*regulatory obligations, including tax and securities laws.When the Company no longer needs the*

*Data, the Company willremove it fromitssystems.Ifthe Company keeps data longer, it would be*

*to satisfy legal or regulatory obligations and the Company's legal basis would be relevant laws or*

*regulations (if the Participant is in the EU, EEA or United Kingdom)or the Participant's consent (if*

*the Participant is outside the EU, EEA or United Kingdom).*

*e)<u>Data Subject Rights.</u> The Participant may have a number of rights under data privacy laws in the*

*Participant's jurisdiction. Subject to the conditions set out in the applicable law and depending on*

*where the Participant is based, such rights may include the right to (i)request access to,orcopies*

*of, the Data processedby the Company, (ii)rectificationof incorrect Data, (iii)deletion of Data, (iv)*

*restrictions on the processing of Data, (v) object to the processing of Data for legitimate interests,*

*(vi) portability of Data, (vii) lodge complaints with competent authorities in the Participant's*

*jurisdiction,and/orto(viii)receivealistwiththenamesandaddressesofanypotential recipientsof*

*Data. To receive clarification regarding these rightsorto exercise these rights, the Participant can*

*contact HR Direct.*

*f)<u>Necessary Disclosure of Personal Data.</u> The Participant understands that providing the Company*

*withDatais necessary for the performance of the Agreement and that the Participant'srefusal to*

*provide the Data would make it impossible for the Company to perform its contractual obligations* 

*and may affect the Participant's ability to participate in the Plan.*

*g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom).</u> The*

*Participantherebyunambiguouslyconsentstothecollection,useandtransfer,inelectronicorother*

*form,oftheData,asdescribedaboveandinanyothergrantmaterials,byandamong,asapplicable,*

*theEmployer, theCompanyandanyaffiliatedcompanyforthe exclusivepurpose of implementing,*

*administeringandmanagingtheParticipant'sparticipationinthePlan.TheParticipantunderstands*

*that the Participant may, at any time, refuse or withdraw the consents herein, in any case without*

*cost, by contacting HR Direct.If the Participant does not consent or later seeks to revoke the*

*Participant's consent, the Participant's employment status or service with the Employer willnot be*

*affected; the Participant's consequence of refusing or withdrawing consent is that the Company*

*would not be able to award the Participant Performance Stock Units or any otherequity award to*

*theParticipantoradministerormaintain such awards.Therefore,the Participantunderstands that*

*refusing or withdrawing consent may affect the Participant's ability to participate in the Plan. For*

*more information on the consequences of refusal to consent or withdrawal of consent, the*

*Participant should contact HR Direct.*

10.**<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation

Clawback Policies.

11.**<u>Insider Trading; Market Abuse Laws</u>.** By participating in the Plan, the Participant agrees to comply

with the Company's policy on insider trading (to the extent that it is applicable to the Participant), the

Participant further acknowledges that, depending on the Participant's or his or her broker's country of

residence or where the shares of Stock are listed, the Participant may be subject to insider trading

restrictions and/ormarketabuse laws that may affect the Participant's ability toaccept, acquire, sell or

otherwisedisposeofsharesofStock,rightstosharesofStock(e.g.,PerformanceStockUnits)orrights

linked to the value of shares of Stock, during such times the Participant is considered to have "inside

information" regarding the Company as defined by the laws or regulations in the Participant's country.

Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the

Participantplacesbeforeheorshepossessedinsideinformation.Furthermore,theParticipantcouldbe

prohibited from (i) disclosing the inside information to any third party (other than on a "need to know"

basis)and (ii)"tipping"third parties orcausing them otherwise to buy orsellsecurities. The Participant

understandsthatthirdparties includefellowemployees.Anyrestrictionundertheselawsorregulations

areseparatefromandinadditiontoanyrestrictionsthatmaybeimposedunderanyapplicableCompany

insider trading policy. The Participant acknowledges that it is the Participant's responsibility to comply

with any applicable restrictions, and that the Participant should therefore consult the Participant's

personal advisor on this matter.

12.**<u>Electronic Delivery</u>.** The Participant agrees, to the fullest extent permitted by law, in lieu of receiving

documents in paper format, to accept electronic delivery of any documents that the Company and its

Subsidiaries or affiliated companies may deliver in connection with this grant and any other grants

offered by the Company, including prospectuses, grant notifications, account statements, annual or

quarterly reports, and other communications. Electronic delivery of a document may be made via the

Company'semailsystemorbyreferencetoalocationontheCompany'sintranetorwebsiteorawebsite

of the Company's agent administering the Plan. By accepting this grant, whether electronically or

otherwise, the Participant hereby consents to participate in the Plan through such system, intranet, or

website, including but not limited to the use of electronic signatures or click-through electronic

acceptance of terms and conditions.

13.**<u>English Language</u>.**TheParticipantacknowledgesandagrees that itis theParticipant'sexpressintent

that thisAgreementand thePlanand allother documents, notices and legal proceedingsentered into,

given or instituted pursuant to the Performance Stock Units be drawn up in English. To the extent the

ParticipanthasbeenprovidedwithacopyofthisAgreement, thePlan,oranyotherdocuments relating

to this Award in a language other than English, the English language documents will prevail in case of

any ambiguities or divergences as a result of translation.

14.**<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Performance Stock Units shall be

subject to any special terms and conditions set forth in the Country-Specific Addendum to this

Agreement (the "Addendum"). Moreover, if the Participant transfers to one of the countries included in

such Addendum, the specialterms and conditions for such country will apply to the Participant, to the

extent the Company determines that the application of such terms and conditions is necessary or

advisable to comply with local law or facilitate the administration of the Plan (or the Company may

establish alternative terms and conditions as may be necessary or advisable to accommodate the

Participant's transfer). The Addendum constitutes part of this Agreement.

15.**<u>Not</u><u>a</u><u>Public</u><u>Offering</u>**.TheawardofthePerformanceStockUnitsisnotintendedtobeapublicoffering

of securities in the Participant's country of employment (or country of residence, if different). The

Company has not submitted any registration statement, prospectus or other filings with the local

securities authorities (unless otherwise required under local law), and the award of the Performance

Stock Units is not subject to the supervision of the local securities authorities. *No employee of the*

*Company or any of its Subsidiaries or affiliated companies is permitted to advise the Participant on*

*whetherhe/sheshouldparticipateinthePlan.AcquiringsharesofStockinvolvesadegreeofrisk.Before*

*deciding to participate in the Plan, the Participant should carefully consider all risk factors relevant to*

*theacquisition of sharesof StockunderthePlan and carefully reviewall of the materials related to the*

*Performance Stock Unitsand thePlan. In addition, the Participant should consultwith his/herpersonal*

*advisor for professional investment advice.*

16.**<u>Repatriation; Compliance</u><u>with Law</u>**. The Participant agrees to repatriateall paymentsattributable to

thesharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchange

rules and regulations in the Participant'scountryofemployment (andcountry of residence, if different).

In addition, theParticipant agrees to takeanyand allactions,and consent toanyandall actions taken

by the Company and any of its Subsidiaries and affiliated companies, as may be required to allow the

Company and any of its Subsidiaries and affiliated companies to comply with local laws, rules and/or

regulations in the Participant's country of employment (and country of residence, if different). Finally,

the Participant agrees to take any and all actions as may be required to comply with the Participant's

personalobligationsunderlocallaws,rulesand/orregulationsintheParticipant'scountryofemployment

and country of residence, if different).

17.**<u>Imposition</u><u>of</u><u>Other</u><u>Requirements</u>**.TheCompanyreservestherighttoimposeotherrequirementson

the Participant's participation in the Plan, on the Performance Stock Unit, and on any shares of Stock

acquiredunderthe Plan, to theextentthe Companydetermines it isnecessaryoradvisableforlegalor

administrativereasons,andtorequiretheParticipanttosignanyadditionalagreementsorundertakings

that may be necessary to accomplish the foregoing.

18.**<u>Committee's</u><u>Powers</u>**. No provision contained in this Agreement shall in any way terminate,modify or

alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or

authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of

thePlanorresolutionsadoptedinfurtheranceofthePlan,including,withoutlimitation,therighttomake

certaindeterminationsandelectionswith respecttothePerformanceStock Unit.Anydispute regarding

the interpretation of this Agreement orthe terms of the Plan shallbe submitted to the Committee or its

delegate who shall have the discretionary authority to construe the terms of this Agreement, the Plan,

andalldocumentsancillarytothis Award.Thedecisionsofthe Committeeoritsdelegateshallbefinal

and binding and any reviewing court of law or other party shall defer to its decision, overruling if, and

onlyif,itisarbitraryandcapricious.InnowayisitintendedthatthisreviewstandardsubjectthePlanor

Award to the U.S. Employee Retirement Income Security Act.

19.**<u>Binding</u><u>Effect</u>**.ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe

Company and all persons lawfully claiming under the Participant.

20.**<u>Governing</u><u>Law</u><u>and</u><u>Forum</u>**.Withoutlimitingtheeffectofsection16,thisAgreementshallbegoverned

by, and construed in accordance with,the laws of the State of Delaware without regardto principles of

conflict of laws.

21.**<u>Severability</u>**. The provisions of this Agreement are severable and if any one ormore of the provisions

are determined to be illegal or otherwise unenforceable, in whole or in part, the Agreement shall be

reformed and construed so that it would be enforceable to the maximum extent legally possible, and if

it cannot be so reformed and construed, as if such unenforceable provision, orpart thereof, had never

been contained herein.

22.**<u>Waiver</u>**.ThewaiverbytheCompanywithrespecttoParticipant's(oranyotherparticipant's)compliance

withanyprovisionofthisAgreementshallnotoperateorbeconstruedasawaiverofanyotherprovision

of this Agreement, or of any subsequent breach by such party of a provision of thisAgreement.

A copy of the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is

available on G&Me by searching "2022 Stock Compensation Plan".A copy of the Company's latest

AnnualReporton Form10-K isalsoavailableon theCompany'swebsiteat www.generalmills.comunder

Investor Information/Annual Reports.

**GENERALMILLS,INC.**

**GENERAL MILLS, INC. PERFORMANCE**

**STOCKUNITAWARDAGREEMENT**

---

| | |
|:---|:---|
| **GRANT DATE:** |  |
| **PARTICIPANT:** | [Officer] |
| **PERNR:** |  |
| **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** | **TARGET NUMBEROFUNITSSUBJECTTO** <br>**AWARD:** |
| **PERFORMANCEPERIOD:** |  |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |

---

**ThisAwardismadeundertheGeneralMills,Inc.2022StockCompensationPlan(the"Plan"), and is subject to the terms and conditions contained in the Plan document and this**

**PerformanceStockUnitAwardAgreement("Agreement").TheParticipant:(i)acknowledges**

**receipt of a copy of the Plan and Plan prospectus, (ii) represents that the Participant has**

**carefully read and is familiar with the provisions of this Agreement and the Plan, and (iii)**

**hereby accepts the Performance Stock Units subject to all of the terms and conditions set**

**forth herein, and in the Plan.If the Participant does not wish to receive the Performance**

**Stock Units and/or does not consent and agree to the terms and conditions on which the**

**Performance Stock Units are offered, as set forth in this Agreement and the Plan, then the**

**Participant must reject this Award via the website of the Company's designated broker, no**

**later than60 days followingtheGrantDate.Ifthe Participantrejects this Award, this Award**

**will immediately be forfeited and cancelled.The Participant's failure to reject this Award**

**within this 60 day period will constitute the Participant's acceptance of this Award and all**

**terms and conditions of this Award, as set forth in this Agreement and the Plan.**

**THIS AWARD, dated ontheabove Grant Date, is made byGeneral Mills, Inc.,(the "Company"), and** 

**madetothepersonnamedabove(the"Participant"orreferredtoas"I","you",or"my")("Award").**

1.**<u>Award</u><u>of</u><u>Units</u>.**Eachunitawardedrepresentstherighttoreceiveone shareoftheCompanycommon

stock,parvalueUSD0.10pershare("Stock").TheunitsgrantedpursuanttothisAgreementarereferred

toasthe"PerformanceStockUnits".ThenumberofPerformanceStockUnitsearnedbytheParticipant

forthePerformancePeriod willbedetermined atthe end ofthe PerformancePeriod basedon the level

of achievement against the Performance Measures and conditions in accordance with Attachment A.

ThenumberofsharesofStocktheParticipantispaidisdependentonthenumberofPerformanceStock

Units earned and satisfactory completion of the service requirements described herein. Whether, and

the extent to which Performance Measures have been satisfied at the end of the Performance Period

shallbe certified by the Compensation & Talent Committee before any payment is made, and all such

determinations shallbemadeby theCompensation &Talent Committee initssolediscretion.Foreach

Performance Stock Unitearned and vested, if any,at the Expiration Dateof the RestrictedPeriod,one

shareoftheCompany'sStockshallbeissuedtotheParticipantontheExpirationDateoftheRestricted

Period, subject to any additional restrictions or holding requirements in Attachment A. Except as

otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the

Plan.

2.**<u>Vesting</u><u>of</u><u>Performance</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Performance</u><u>Stock</u><u>Units</u>.**

a)**VestingSchedule**.ThePerformanceStockUnitsshallvestontheExpirationDateoftheRestricted

Period set forth above ("Vesting Date") subject to the terms of this Agreement and the Plan.

b)**Forfeiture of Performance Stock Units**. The Participant acknowledges that the Performance

Stock Units awarded hereunder are subject to forfeiture if the Participant's employment with the

Company orany subsidiary oraffiliated companies terminates under certain circumstances before

the Vesting Date, as herein provided.

i)*Resignation or Termination for Cause.*If the Participant's employment with the Company or

any subsidiary oraffiliated companies is terminated by either (i) resignation, or(ii) a discharge

due to Participant's illegal activities, poor work performance, misconduct or violation of the

Company's Codeof Conduct,policiesorpractices, then thesePerformanceStockUnits,tothe

extent they are not fully vested as of the Termination Date, shall for no consideration be

cancelled and forfeited in their entirety. For the avoidance of doubt, "Termination Date" for

purposes of this Award willbe deemed to occuras of thedate Participant is no longeractively

providing services as an employee, unless otherwise determined by the Company in its sole

discretion, and no vesting shall continue during any notice period that may be specified under

contract or applicable law with respect to such termination, including any "garden leave" or

similar period, except as may otherwise be permitted in the Company's sole discretion.

ii)*Involuntary Termination.*If the Participant's employment with the Company or any subsidiary

or affiliated companies terminates involuntarily at the initiation of the Company forany reason

other than specified in Plan Section 11 (Change in Control), or (i) or (iv) in this section 2, and

upon the execution (without revoking) of an effective general legal release and such other

documents as are satisfactory to the Company, the following rules shall apply: *if such*

*involuntary termination occurs before the end of the Company's fiscal year within which this*

*Award was granted, it shall vest in a pro-rata amount based on actualemployment completed*

*duringsaidfiscalyear.Butifsuchinvoluntaryterminationoccursaftertheendofthefiscalyear*

*in which it is awarded, then it shall vest fully.In either case, vested Performance Stock Units*

*shallbepaid (subjecttoanyadditionalrestrictionsorholdingrequirements inAttachmentA)on*

*theExpirationDateoftheRestrictedPeriod,withavalue,ifany,thatotherwisewouldbeearned*

*under the applicable Performance Measures established in Attachment A based on actual*

*performance.*

iii)*Death.*If a Participant dies while employed by the Company or any subsidiary or affiliated

companies during the Performance Period, this Award shallfully vest and shall be considered

to be earned in full "at target" as if the applicable Performance Measures established in

Attachment A have been achieved at target,and settled and paid on the first day of themonth

following death to the designated beneficiary or beneficiaries.

iv)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its solediscretion, shalldetermine the conversion, vesting,orothertreatmentof

theseAwards.SuchtreatmentshallbeconsistentwithCodeSection409A,andinparticularwill

take into account whethera separation from service has occurred within the meaning of Code

Section 409A.

3.**<u>Dividend Equivalents</u>.** Subject to any applicable provisions in Attachment A, any dividends or other

distributionsdeclaredpayableontheCompany'sStockonoraftertheGrantDateofthisAwarduntilthe

Award is settled and/or forfeited shall be credited notionally to the Participant in an amount equal to

such declared dividends or other distributions on an equivalent number of shares of Stock ("Dividend

Equivalents").Dividend Equivalents so credited shall be paid if, and only to the extent, the underlying

Performance Stock Units to which they relate become unrestricted and vest, as provided under the

terms of the Plan and this Agreement.Dividend Equivalents credited in respect toPerformance Stock

UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.No

interestorotherearnings shallbecreditedon DividendEquivalents.VestedDividendEquivalentsshall

be paid in cash at the same time as the underlying Performance Stock Units to which they relate are

settled.

4.**<u>Settlement of Performance Stock Units</u>.** Upon vesting of the Performance Stock Units, settlement

shall be completed as soon as administratively practicable but in no event later than 30 days after the

vestingdate,except wheresuch settlement followinga Section409ASeparationfromService requires

a six-month delay. The Company will provide for settlement in the form of shares of Stock. At the

Company'sdiscretion, additional restrictionsorholding requirementsmaybe imposed on settled Units

and dividend equivalents, if any.

5.**<u>Non-Transferability</u>**. The Performance Stock Units may not be sold, assigned, pledged, exchanged,

hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlan

or this Agreement.Upon any attempt to transfer, assign, pledge, hypothecateor otherwise disposeof

the Performance Stock Units or of such rights contrary to the provisions hereof or in the Plan, the

Performance Stock Units and such rights shall immediately become null and void.

6.**<u>Withholding</u><u>of</u><u>Tax</u>.**TheParticipantacknowledgesthat,regardlessofanyactiontakenbytheCompany

or, if different, the subsidiary or affiliated company that employs the Participant (the "Employer"), the

ultimate liability for all income tax, social contributions, payroll tax, fringe benefits tax, payment on

account, hypotheticaltax orother tax-related items related to the Participant's participation in the Plan

and legally applicable tothe Participantordeemedby the Company ortheEmployerin their discretion

tobeanappropriatechargetotheParticipanteveniflegallyapplicabletotheCompanyortheEmployer

("Tax-Related Items"), is and remains the Participant's responsibility and may exceed the amount

actuallywithheldbytheCompanyortheEmployer,ifany.TheParticipantfurtheracknowledgesthatthe

Companyand/or theEmployer (a)makeno representationsorundertakings regarding thetreatmentof

anyTax-RelatedItemsinconnectionwithanyaspectofthePerformanceStockUnits,including,butnot

limited to, thegrant, vesting, thesubsequent saleof sharesof Stockacquired pursuant to such vesting

and the receipt ofany dividends; and (b)do not commit to and are undernoobligation to structure the

termsofthegrantoranyaspectofthePerformanceStockUnitstoreduceoreliminatetheParticipant's

liability forTax-RelatedItemsorachieveanyparticulartaxresult.Further,iftheParticipant issubjectto

Tax-Related Items in more than one jurisdiction between the Grant Date and the date of any relevant

taxableortax withholding event,asapplicable,the Participant acknowledges thatthe Companyand/or

theEmployer(orformeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-Related

Items in more than one jurisdiction.

Priortothe relevant taxable ortax withholdingevent,asapplicable, theParticipantagrees tomake

adequatearrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-Related

Items. In this regard, unless otherwise approved by the Committee, the Company shall satisfy the

obligations with regard to all Tax-Related Items by one or a combination of the following: (i)

withholding from the Participant's wages orothercash compensationpaid to the Participantby the

Company and/or the Employer; (ii) withholding from the shares of Stock to be delivered upon

settlement of the Performance Stock Units or other awards granted to the Participant or (iii)

permittingtheParticipanttotendertothe Companycashor, ifallowedby theCommittee, sharesof

Stock.

Dependingonthewithholdingmethod,theCompanymaywithholdoraccountforTax-RelatedItems

by consideringapplicable statutorywithholding rates (asdetermined bythe Company in good faith

andinitssolediscretion)orotherapplicablewithholdingrates,includingmaximumapplicablerates,

in which case the Participant will receive a refund of any over-withheld amount and will have no

entitlementtotheshareequivalent.IftheobligationforTax-RelatedItemsissatisfiedbywithholding

from the shares of Stock to be delivered upon vesting of the Performance Stock Units, for tax

purposes,theParticipantisdeemedtohavebeen issuedthefullnumberof sharesofStocksubject

to the Performance Stock Units, notwithstanding that a number of shares of Stock are held back

solely for the purpose of paying the Tax-Related Items. The Participant will have no further rights

with respect to any shares of Stock that are retained by the Company pursuant to this provision.

The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items

that the Company or the Employer may be required to withhold or account for as a result of the

Participant'sparticipationinthePlanthatcannotbesatisfiedbythemeanspreviouslydescribed.

TheCompanymayrefusetoissueordeliversharesofStockorproceedsfromthesaleofsharesof

Stockuntilarrangementssatisfactoryto theCompanyhavebeenmade in connection withthe Tax-

Related Items.

7.**<u>Restrictive Covenants; Confidential Information</u>.** The Participant agrees to cooperate with the

Company in any way needed in order to comply with, or fulfill the terms of the Plan and this Award

document.As a term and condition of this Award, Participant agrees to the following terms:

(a)IagreetouseGeneralMillsConfidentialInformationonlyasneededintheperformance

ofmyduties,tohold and protect such informationas confidentialtothe Company,and

nottoengage in any unauthorizeduseordisclosureof such information forso longas

suchinformationqualifiesasConfidentialInformation.Iagreethataftermyemployment

withtheCompanyterminatesforanyreason,including"retirement"asthattermisused

in the Plan, I will not use or disclose, directly or indirectly, Company Confidential

Information or trade secrets for any purpose, unless I get the prior written consent of

my manager to do so.

This documentdoes not preventme from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including thisdocument, unless such information islegallyprotected from

disclosure to third parties.I do not need prior company authorization to take these

actions, nor must I notify the company I have done so.

Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunder

any federal or state trade secret law for making a trade secret disclosure: (A) in

confidence to a federal, state, or local government official, either directly or indirectly,

or to an attorney, solely for the purpose of reporting or investigating a suspected

violation of law; or (B) in a complaint or other document filed in a lawsuit or other

proceeding, if such filing is made under seal.

General Mills Confidential Information means any non-public information I create,

receive, use orobserve in the performance of my job at General Mills, including trade

secrets.Examples of Confidential Information include marketing, merchandising,

businessplans,businessmethods,pricing,purchasing,licensing,contracts,employee,

supplier or customer information, financial data, technological developments,

manufacturing processes and specifications, product formulas, ingredient

specifications, softwarecode,andallotherproprietaryinformation which isnotpublicly

available to others.

PriortoleavingtheCompany,Iagreetoreturnallmaterialsinmypossessioncontaining

Confidential Information, as well as all other documents and other tangible items

providedtomebyGeneralMills,ordevelopedbymeinconnectionwithmyemployment

with the Company.

b)[*This Section 7.b. does not apply to California, Colorado, Minnesota, and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company,Iwillnotworkonanyproduct,brandcategory,process,orservice:(A)onwhichIworked,

or about which I had access to Confidential Information, in the year immediately preceding my

termination (including retirement) from General Mills, and (B) which competes with General Mills

products, brand categories, processes, or related services.

c) IagreethatforoneyearafterIleaveGeneralMills,includingretiringfromtheCompany,Iwillrefrain

from directly or indirectly soliciting Company employees forthe purpose of hiring them or inducing

them to leave their employment with the Company.

d) I agree thatafterIleaveGeneralMills, including retiringfromthe Company, Iwillindefinitelyrefrain

from using Company client or contact lists, and for two years I will refrain from soliciting the

Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Award,

termination and forfeiture of any unvested Units, and/or required payment to the Company of all or a

portion of any monetary gains acquired by the Participant as a result of the Award, unless the Award

vested and was settled more than four (4) years prior to the breach.The foregoing remedies are in

additionto,andnotinlieuofinjunctivereliefand/oranyotherlegalorequitableremediesavailableunder

applicable law.

8.**<u>Nature of</u><u>Grant</u>.** Inaccepting thePerformance Stock Units, theParticipant acknowledges and agrees

that:

a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be

modified, amended, suspended or terminated by the Company, in its sole discretion, at any time

(subject to any limitations set forth in the Plan);

b) the grant of the Performance Stock Units is voluntary and occasional and does not create any

contractual or other right to receive future grants of restricted stock units, or benefits in lieu of

PerformanceStock Units s, even ifPerformanceStockUnitsorotherawardshavebeengrantedin

the past;

c) alldecisionswith respectto futureawards,ifany,willbe atthesolediscretionofthe Company;

d) theParticipant'sparticipationinthePlanisvoluntary;

e) the Performance Stock Units and the Participant's participation in the Plan shall not create a right

toemploymentorbeinterpretedasforminganemployment contract withtheCompanyoranyof its

Subsidiaries or affiliated companies and shall not interfere with the ability of the Company or the

Employer, asapplicable, to terminate the Participant's employment relationship (as otherwisemay

be permitted under local law);

f) unless otherwise agreed with the Company, thePerformanceStock Unitsandanyshares ofStock

acquireduponvestingofthePerformanceStockUnits,andtheincomefromandvalueofsame,are

not granted as consideration for, or in connection with, any service the Participant may provide as

a director of any subsidiary or affiliate of the Company;

g) thePerformanceStock UnitsandanysharesofStockacquiredunderthePlanandtheincomeand

value of same, are not part of normal or expected compensation for purposes of calculating any

severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses,

long-serviceawards,pension orretirement orwelfare benefitsorsimilarpaymentsand innoevent

shouldbeconsideredascompensationfor,orrelatinginanywayto,pastservicesfortheCompany,

the Employer or any subsidiary or affiliate of the Company;

h) the future value of the shares of Stock underlying the Performance Stock Units is unknown,

indeterminable, and cannot be predicted with certainty;

i) upon vesting of the Performance Stock Units, the value of such shares of Stock may increase or

decrease in value;

j) no claim orentitlement to compensationordamages shallarise fromforfeiture of the Performance

Stock Units resulting from termination of the Participant's employment (for any reason whatsoever

and whetheror not in breach of local labor laws or later found invalid)and, in consideration of the

Performance Stock Units, the Participantagrees not to institute any claimagainst the Company or

the Employer;

k) the Performance Stock Units and the benefits evidenced by this Agreement do not create any

entitlement not otherwise specifically provided for in the Plan or provided by the Company in its

discretion,tohavethePerformanceStockUnitsoranysuchbenefitstransferredto,orassumedby,

another company, nor to be exchanged, cashed out or substituted for, in connection with any

corporate transaction affecting the shares of Stock; and

l) neithertheCompanynoranyofitsSubsidiariesoraffiliatedcompaniesshallbeliableforanyforeign

exchangeratefluctuationbetweentheParticipant'slocalcurrencyandtheU.S.dollarthatmayaffect

the value of the Performance Stock Units or any amounts due to the Participant pursuant to the

vesting of the Performance Stock Units or the subsequent sale of any shares of Stock acquired

upon vesting of the Performance Stock Units.

9.**<u>Data Privacy</u>.** If the Participant would like to participate in the Plan, the Participant will need to review

theinformationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttothe

processing of personal data by the Company and the third parties stated below.

IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnited

Kingdom, please note that General Mills, Inc. with registered address at One General Mills

Boulevard, Minneapolis, MN 55426-1347, is the controller responsible for the processing of the

Participant's personal data in connection with the Agreement and the Plan.

*a)<u>Data Collection and Usage.</u> The Company collects, processes, uses and transfers certain*

*personally-identifiable information about the Participant, specifically, the Participant's name, home*

*addressand telephone number, emailaddress, date of birth, socialinsurance, passportnumberor*

*otheridentificationnumber, salary,nationality, jobtitle,any sharesofStockordirectorships held in*

*the Company or any affiliated company, details of all Performance Stock Units or any other*

*entitlement to shares of Stock awarded, canceled, exercised, settled, vested, unvested or*

*outstanding in the Participant's favor, which the Company receives from the Participant or the*

*Employer (the "Data"). The Company collects, processes and uses the Data for the purposes of*

*performing its contractual obligations under this Agreement, implementing, administering and*

*managing the Participant's participation in the Plan and facilitating compliance with applicable tax*

*and securities law.*

*If the Participant is based in the EU, EEA or United Kingdom, the legal basis for the*

*processingoftheDatabythe Companyisthenecessityof theprocessingfortheCompany*

*toperformitscontractualobligationsunderthisAgreementandthePlanandtheCompany's*

*legitimate business interests of managing the Plan,administering employeeequityawards*

*and complying with its contractual and statutory obligations.*

*If the Participant is based in any otherjurisdiction, the legalbasis forthe processing of the*

*Data by the Company is the Participant's consent as further described below.*

*b)<u>Stock Plan Administration Service Providers.</u> The Company transfers Data to E\*TRADE Financial*

*CorporateServices,Inc.(includingitsaffiliated companies),an independentserviceproviderwhich*

*assists the Company with the implementation,administrationand managementof the Plan.In the*

*future, the Company may select a different service provider, which will in a similar manner, share*

*Data with such service provider. The Company's service provider will maintain an account for the*

*Participant to administer the Performance Stock Units. The processing of Data will take place*

*throughbothelectronicandnon-electronicmeans.Datawillonlybeaccessiblebythose individuals*

*requiring access to it for purposes of implementing, administering and operating the Plan.*

*c)<u>International</u><u>Data</u><u>Transfers.</u>TheCompanyanditsserviceprovidersarebasedintheUnitedStates*

*andIndia.TheParticipant'scountryorjurisdictionmayhavedifferentdataprivacylawsand*

*protectionsthanthe UnitedStatesand India.An appropriatelevelofprotection canbeachievedby*

*implementing safeguards such as the Standard Contractual Clauses adopted by the EU*

*Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant'sjurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsservice*

*providers based on the Participant's consent, as further described below.*

*d)<u>Data</u><u>Retention.</u>TheCompanywillusetheDataonlyaslongasnecessarytoimplement,administer*

*and manage the Participant's participation in the Plan, or as required to comply with legal or*

*regulatory obligations, including tax and securities laws.When the Company no longer needs the*

*Data, the Company willremove it fromitssystems.Ifthe Company keeps data longer, it would be*

*to satisfy legal or regulatory obligations and the Company's legal basis would be relevant laws or*

*regulations (if the Participant is in the EU, EEA or United Kingdom)or the Participant's consent (if*

*the Participant is outside the EU, EEA or United Kingdom).*

*e)<u>Data Subject Rights.</u> The Participant may have a number of rights under data privacy laws in the*

*Participant's jurisdiction. Subject to the conditions set out in the applicable law and depending on*

*where the Participant is based, such rights may include the right to (i)request access to,orcopies*

*of, the Data processedby the Company, (ii)rectificationof incorrect Data, (iii)deletion of Data, (iv)*

*restrictions on the processing of Data, (v) object to the processing of Data for legitimate interests,*

*(vi) portability of Data, (vii) lodge complaints with competent authorities in the Participant's*

*jurisdiction,and/orto(viii)receivealistwiththenamesandaddressesofanypotential recipientsof*

*Data. To receive clarification regarding these rightsorto exercise these rights, the Participant can*

*contact HR Direct.*

*f)<u>Necessary Disclosure of Personal Data.</u> The Participant understands that providing the Company*

*with Data is necessary for the performance of the Agreement and that the Participant's refusal to*

*provide the Data would make it impossible for the Company to perform its contractual obligations*

*and may affect the Participant's ability to participate in the Plan.*

*g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom).</u> The*

*Participantherebyunambiguouslyconsentstothecollection,useandtransfer,inelectronicorother*

*form,oftheData,asdescribedaboveandinanyothergrantmaterials,byandamong,asapplicable,*

*theEmployer, theCompanyandanyaffiliatedcompanyforthe exclusivepurpose of implementing,*

*administeringandmanagingtheParticipant'sparticipationinthePlan.TheParticipantunderstands*

*that the Participant may, at any time, refuse or withdraw the consents herein, in any case without*

*cost, by contacting HR Direct.If the Participant does not consent or later seeks to revoke the*

*Participant's consent, the Participant's employment status or service with the Employer willnot be*

*affected; the Participant's consequence of refusing or withdrawing consent is that the Company*

*would not be able to award the Participant Performance Stock Units or any otherequity award to*

*theParticipantoradministerormaintain such awards.Therefore,the Participantunderstands that*

*refusing or withdrawing consent may affect the Participant's ability to participate in the Plan. For*

*more information on the consequences of refusal to consent or withdrawal of consent, the*

*Participant should contact HR Direct.*

10.**<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation

Clawback Policies.

11.**<u>Insider Trading; Market Abuse Laws</u>.** By participating in the Plan, the Participant agrees to comply

with the Company's policy on insider trading (to the extent that it is applicable to the Participant), the

Participant furtheracknowledges that, depending on the Participant's or his or her broker's country of

residence or where the shares of Stock are listed, the Participant may be subject to insider trading

restrictions and/ormarketabuse laws that may affect the Participant's ability toaccept, acquire, sell or

otherwisedisposeofsharesofStock,rightstosharesofStock(e.g.,PerformanceStockUnits)orrights

linked to the value ofshares of Stock, during such times the Participant isconsidered to have "inside

information" regarding the Company as defined by the laws or regulations in the Participant's country.

Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the

Participantplacesbeforeheorshepossessedinsideinformation.Furthermore,theParticipantcouldbe

prohibited from (i) disclosing the inside information to any third party (other than on a "need to know"

basis)and (ii)"tipping"third parties orcausing them otherwise to buy orsellsecurities. The Participant

understandsthatthirdparties includefellowemployees.Anyrestrictionundertheselawsorregulations

areseparatefromandinadditiontoanyrestrictionsthatmaybeimposedunderanyapplicableCompany

insider trading policy. The Participant acknowledges that it is the Participant's responsibility to comply

with any applicable restrictions, and that the Participant should therefore consult the Participant's

personal advisor on this matter.

12.**<u>Electronic Delivery</u>.** The Participant agrees, to the fullest extent permitted by law, in lieu of receiving

documents in paper format, to accept electronic delivery of any documents that the Company and its

Subsidiaries or affiliated companies may deliver in connection with this grant and any other grants

offered by the Company, including prospectuses, grant notifications, account statements, annual or

quarterly reports, and other communications. Electronic delivery of a document may be made via the

Company'semailsystemorbyreferencetoalocationontheCompany'sintranetorwebsiteorawebsite

of the Company's agent administering the Plan. By accepting this grant, whether electronically or

otherwise, the Participant hereby consents to participate in the Plan through such system, intranet, or

website, including but not limited to the use of electronic signatures or click-through electronic

acceptance of terms and conditions.

13.**<u>English Language</u>.**TheParticipantacknowledgesandagrees that itis theParticipant'sexpressintent

that thisAgreementand thePlanand allother documents, notices and legal proceedingsentered into,

given or instituted pursuant to the Performance Stock Units be drawn up in English. To the extent the

ParticipanthasbeenprovidedwithacopyofthisAgreement, thePlan,oranyotherdocuments relating

to this Award in a language other than English, the English language documents will prevail in case of

any ambiguities or divergences as a result of translation.

14.**<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Performance Stock Units shall be

subject to any special terms and conditions set forth in the Country-Specific Addendum to this

Agreement (the "Addendum"). Moreover, if the Participant transfers to one of the countries included in

such Addendum, the specialterms and conditions for such country will apply to the Participant, to the

extent the Company determines that the application of such terms and conditions is necessary or

advisable to comply with local law or facilitate the administration of the Plan (or the Company may

establish alternative terms and conditions as may be necessary or advisable to accommodate the

Participant's transfer). The Addendum constitutes part of this Agreement.

15.**<u>Not</u><u>a</u><u>Public</u><u>Offering</u>**.TheawardofthePerformanceStockUnitsisnotintendedtobeapublicoffering

of securities in the Participant's country of employment (or country of residence, if different). The

Company has not submitted any registration statement, prospectus or other filings with the local

securities authorities (unless otherwise required under local law), and the award of the Performance

Stock Units is not subject to the supervision of the local securities authorities. *No employee of the*

*Company or any of its Subsidiaries or affiliated companies is permitted to advise the Participant on*

*whetherhe/sheshouldparticipateinthePlan.AcquiringsharesofStockinvolvesadegreeofrisk.Before*

*deciding to participate in the Plan, the Participant should carefully consider all risk factors relevant to*

*theacquisition of sharesof StockunderthePlan and carefully reviewall of the materials related to the*

*Performance Stock Unitsand thePlan. In addition, the Participant should consultwith his/herpersonal*

*advisor for professional investment advice.*

16.**<u>Repatriation; Compliance</u><u>with Law</u>**. The Participant agrees to repatriateall paymentsattributable to

thesharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchange

rules and regulations in the Participant'scountryofemployment (andcountry of residence, if different).

In addition, theParticipant agrees to takeanyand allactions,and consent toanyandall actions taken

by the Company and any of its Subsidiaries and affiliated companies, as may be required to allow the

Company and any of its Subsidiaries and affiliated companies to complywithlocallaws,rules and/or

regulations in the Participant's country of employment (and country of residence, if different). Finally,

the Participant agrees to take any and all actions as may be required to comply with the Participant's

personalobligationsunderlocallaws,rulesand/orregulationsintheParticipant'scountryofemployment

and country of residence, if different).

17.**<u>Imposition</u><u>of</u><u>Other</u><u>Requirements</u>**.TheCompanyreservestherighttoimposeotherrequirementson

the Participant's participation in the Plan, on the Performance Stock Unit, and on any shares of Stock

acquiredunderthe Plan, to theextentthe Companydetermines it isnecessaryoradvisableforlegalor

administrativereasons,andtorequiretheParticipanttosignanyadditionalagreementsorundertakings

that may be necessary to accomplish the foregoing.

18.**<u>Committee's</u><u>Powers</u>**. No provision contained in this Agreement shall in any way terminate,modify or

alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or

authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of

thePlanorresolutionsadoptedinfurtheranceofthePlan,including,withoutlimitation,therighttomake

certaindeterminationsandelectionswith respecttothePerformanceStock Unit.Anydispute regarding

the interpretation of this Agreement orthe terms of the Plan shallbe submitted to the Committee or its

delegate who shall have the discretionary authority to construe the terms of this Agreement, the Plan,

andalldocumentsancillarytothis Award.Thedecisionsofthe Committeeoritsdelegateshallbefinal

and binding and any reviewing court of law or other party shall defer to its decision, overruling if, and

onlyif,itisarbitraryandcapricious.InnowayisitintendedthatthisreviewstandardsubjectthePlanor

Award to the U.S. Employee Retirement Income Security Act.

19.**<u>Binding</u><u>Effect</u>**.ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe

Company and all persons lawfully claiming under the Participant.

20.**<u>Governing</u><u>Law</u><u>and</u><u>Forum</u>**.Withoutlimitingtheeffectofsection16,thisAgreementshallbegoverned

by, and construed in accordance with,the laws of the State of Delaware without regardto principles of

conflict of laws.

21.**<u>Severability</u>**. The provisions of this Agreement are severable and if any one ormore of the provisions

are determined to be illegal or otherwise unenforceable, in whole or in part, the Agreement shall be

reformed and construed so that it would be enforceable to the maximum extent legally possible, and if

it cannot be so reformed and construed, as if such unenforceable provision, orpart thereof, had never

been contained herein.

22.**<u>Waiver</u>**.ThewaiverbytheCompanywithrespecttoParticipant's(oranyotherparticipant's)compliance

withanyprovisionofthisAgreementshallnotoperateorbeconstruedasawaiverofanyotherprovision

of this Agreement, or of any subsequent breach by such party of a provision of thisAgreement.

A copy of the Plan and the Prospectus to the General Mills, Inc. 2022 Stock Compensation Plan is

available on G&Me by searching "2022 Stock Compensation Plan".A copy of the Company's latest

AnnualReporton Form10-K isalsoavailableon theCompany'swebsiteat www.generalmills.comunder

Investor Information/Annual Reports.

**GENERALMILLS,INC.**

**GENERAL MILLS, INC.** 

**RESTRICTEDSTOCKUNITAWARD**

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| | | |
|:---|:---|:---|
| **GRANT DATE:** | **GRANT DATE:** | **GRANT DATE:** |
| **PARTICIPANT:** | **PARTICIPANT:** | [CEO] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** |
| **THIS AWARD,datedontheaboveGrantDate,ismadebyGeneral Mills, Inc.,andmade tothe personnamed** <br>**above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD,datedontheaboveGrantDate,ismadebyGeneral Mills, Inc.,andmade tothe personnamed** <br>**above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD,datedontheaboveGrantDate,ismadebyGeneral Mills, Inc.,andmade tothe personnamed** <br>**above (the "Participant" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. |
| 2. | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** |
|  | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary oraffiliated companies (the "Company") terminates undercertain circumstances<br>before the respective Scheduled Vesting Dates, as herein provided. | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary oraffiliated companies (the "Company") terminates undercertain circumstances<br>before the respective Scheduled Vesting Dates, as herein provided. |

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(i)*Termination for Cause.*If the Participant's employment with the Company is terminated by

a discharge due to Participant's illegal activities, poor work performance, misconduct or

violation of the Company's Code of Conduct, policies or practices, then these Restricted

Stock Units, to the extent they are not fully vested as of the Termination Date, shall for no

consideration be cancelled and forfeited in their entirety. For the avoidance of doubt,

"Termination Date" for purposes of this Award will be deemed to occur as of the date

Participant is no longer actively providing services as an employee, unless otherwise

determined by the Company in its sole discretion, and no vesting shall continue during any

notice period that may be specified under contract or applicable law with respect to such

termination, including any "garden leave" or similar period, except as may otherwise be

permitted in the Company's sole discretion.

(ii)*Involuntary Termination/Early Retirement.*If theParticipant's employment by the Company

terminates involuntarily at the initiation of the Company forany reason other than specified

in Plan Section 11, or (i), (iv) or (v)herein or if the Participant retires on or afterage 55 but

beforeage62,the unvestedRestrictedStockUnitsthatare inthetranche with aScheduled

VestingDate within12monthsof theTerminationDate shallvest, inanamountequaltothe

pro-rata amount based on employment completed during the relevant 12 month tranche

vesting period. All other unvested Restricted Stock Units shall be forfeited as of the

Termination Date. Restricted Stock Units that vest under this paragraph shall be paid (or

deferred,ifproperlyelected)ontherespectiveScheduledVestingDateotherwiseapplicable

tosuchtranche.NoRestrictedStockUnitsshallvestuponinvoluntaryterminationunderthis

provision without the execution (without revoking) of an effective general legal release and

such other documents as are satisfactory to the Company.

(iii)*Death*.If a Participant dies while employed by the Company during any applicable vesting

period, this Award shall become fully vested, effective as of the date of death, and shall be

paid as of the first day of the month following death to the designated beneficiary or

beneficiaries, or to the Participant's estate if no beneficiary is appropriately designated.

(iv)*NormalRetirement.*IftheterminationofemploymentisduetotheParticipant'sretirementon

or after age 62, all Restricted Stock Units in unvested tranches shall vest, and be paid (or

deferred, if properly elected) on each tranche's respective Scheduled Vesting Date.

Notwithstandingtheabove,iftheTerminationDateiswithintwelvemonthsoftheGrantDate,

the Award shall not fully vest but rather vest on a pro rata basis based on employment

completed since Grant Date to the Termination Date within the first year of the Restricted

Period. Restricted Stock Units that vest under this paragraph shall be paid (or deferred, if

properly elected) on the respective Scheduled Vesting Date otherwise applicable to such

tranche. Notwithstanding the above, the terms of this paragraph shall not apply to a

Participant who, prior to a Change of Control, is terminated for cause as described in (b)(i)

above.

(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in itssole discretion,shalldeterminethe conversion,vesting,orothertreatment

of these Awards. Such treatment shall be consistent with Code Section409A, and in

particular will take into account whether a separation from service has occurred within the

meaning of Code Section 409A.

3.**<u>Dividend Equivalents</u>.** Any dividends or other distributions declared payable on the Company's Stock on or

after the Grant Date of this Award until the Award is settled and/orforfeited shall be credited notionally to the

Participant in an amount equal to such declared dividends or other distributions on an equivalent number of

shares of Stock ("Dividend Equivalents").Dividend Equivalents so credited shall be paid if, and only to the

extent, the underlying Restricted Stock Units to which they relate become unrestricted and vest, as provided

underthetermsof thePlan and thisAgreement.Dividend Equivalentscredited in respectto RestrictedStock

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| | |
|:---|:---|
|  | UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.Nointerest<br>orotherearningsshallbecreditedonDividendEquivalents.VestedDividendEquivalentsshallbepaidincash<br>at the same time as the underlying Restricted Stock Units to which they relate.<br>|
| 4. | **<u>Settlement</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units</u>.**Settlementshallbecompletedassoonasadministrativelypracticable<br>but in no event later than 30 days after the date on which payment is supposed to be made under this<br>Agreement, except where such settlement following a Section 409A Separation from Service requires a six-<br>month delay. The Company will provide for settlement in the form of shares of Stock.<br>|
| 5. | **<u>Non-Transferability</u>**. The Restricted Stock Units may not be sold, assigned, pledged, exchanged,<br>hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlanorthis<br>Agreement.Uponanyattempt to transfer,assign,pledge,hypothecateorotherwise disposeofthe Restricted<br>Stock Units or of such rights contrary to the provisions hereof or in the Plan, the Restricted Stock Units and<br>such rights shall immediately become null and void.<br>|
| 6. | **<u>Withholding of</u><u>Tax</u>**.TheParticipantacknowledgesthat, regardlessofanyactiontakenby theCompanyor,if<br>different,thesubsidiaryoraffiliatedcompanythatemploystheParticipant(the"Employer"),theultimateliability<br>forallincome tax,socialcontributions,payrolltax,fringebenefitstax, paymenton account,hypotheticaltax or<br>other tax-related items related to the Participant's participation in the Plan and legally applicable to the<br>Participant or deemed by the Company or the Employer in their discretion to be an appropriate charge to the<br>ParticipanteveniflegallyapplicabletotheCompanyortheEmployer("Tax-RelatedItems"),isandremainsthe<br>Participant's responsibility and may exceed the amount actually withheld by the Company orthe Employer, if<br>any.TheParticipantfurtheracknowledgesthattheCompanyand/ortheEmployer(a) makenorepresentations<br>or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the<br>Restricted Stock Units, including,butnot limitedto, the grant, vesting, thesubsequent saleof shares of Stock<br>acquiredpursuanttosuchvestingandthereceiptofanydividends;and(b)donotcommittoandareunderno<br>obligationtostructurethetermsof thegrantoranyaspectof the Restricted StockUnits to reduceoreliminate<br>theParticipant's liability for Tax-RelatedItemsor achieveanyparticular tax result.Further, if theParticipant is<br>subjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrantDateandthedateofanyrelevant<br>taxable or tax withholding event, as applicable, the Participant acknowledges that the Company and/or the<br>Employer(orformeremployer, as applicable)maybe requiredtowithholdoraccount forTax-Related Itemsin<br>more than one jurisdiction.<br>Prior to the relevant taxable ortax withholding event, as applicable, the Participant agrees to make adequate<br>arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,<br>unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-<br>Related Items by one or a combination of the following: (i) withholding from the Participant's wages or other<br>cash compensation paid to the Participant by the Company and/or the Employer; (ii) withholding from the<br>shares of Stock to be delivered upon settlement of the Restricted Stock Units or otherawards granted to the<br>Participant or (iii) permitting the Participant to tender to the Company cash or, if allowed by the Committee,<br>shares of Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by<br>consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole<br>discretion) or other applicable withholding rates, including maximum applicable rates, in which case the<br>Participant will receive a refund of any over-withheld amount and will have no entitlement to the share<br>equivalent. If the obligation for Tax-Related Items is satisfied by withholding from the shares of Stock to be<br>deliveredupon vestingof theRestrictedStock Units,fortaxpurposes,theParticipant isdeemedto havebeen<br>issued thefullnumberof shares of Stocksubjecttothe RestrictedStock Units,notwithstanding thatanumber<br>of shares of Stock are held back solely for the purpose of paying the Tax-Related Items. The Participant will<br>have no further rights with respect to any shares of Stock that are retained by the Company pursuant to this<br>provision.<br>The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items that the<br>CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheParticipant'sparticipation<br>inthePlanthatcannot besatisfiedbythemeanspreviouslydescribed.TheCompanymayrefusetoissueor<br>deliver shares ofStock or proceeds fromthesaleofshares ofStock untilarrangementssatisfactory tothe<br>Company have been made in connection with the Tax-Related Items.<br>|

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7.  **<u>Restrictive Covenants;</u> <u>Confidential</u> <u>Information</u>** . The Participant agrees to cooperate with the Company in any way needed in order to comply with, or fulfill the terms of the Plan and this Award document. As a term and condition of this Award, Participant agrees to the following terms: a. I agree to use General Mills Confidential Information only as needed in the performance of my duties, to hold and protect such information as confidential to the Company, and not to engage in any unauthorized use or disclosure of such information for so long as such information qualifies as Confidential Information. I agree that after my employment with the Company terminates for any reason, including "retirement" as that term is used in the Plan, I will not use or disclose, directly or indirectly, Company Confidential Information or trade secrets for any purpose, unless I get the prior written consent of my manager to do so. This document does not prevent me from filing a complaint with a government agency (including the Securities and Exchange Commission, Department of Justice, Equal Employment Opportunity Commission and others) or from participating in an agency proceeding. This document also does not prevent me from providing an agency with information, including this document, unless such information is legally protected from disclosure to third parties. I do not need prior company authorization to take these actions, nor must I notify the company I have done so. Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law; or (B) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. General Mills Confidential Information means any non-public information I create, receive, use or observe in the performance of my job at General Mills, including trade secrets. Examples of Confidential Information include marketing, merchandising, business plans, business methods, pricing, purchasing, licensing, contracts, employee, supplier or customer information, financial data, technological developments, manufacturing processes and specifications, product formulas, ingredient specifications, software code, and all other proprietary information which is not publicly available to others. Prior to leaving the Company, I agree to return all materials in my possession containing Confidential Information, as well as all other documents and other tangible items provided to me by General Mills, or developed by me in connection with my employment with the Company. b. [ *This Section 7.b. does not apply to California, Colorado, Minnesota, and Washington -based* *employees.* ] I agree that for one year after I leave the Company, including retiring from the Company, I will not work on any product, brand category, process, or service: (A) on which I worked, or about which I had access to Confidential Information, in the year immediately preceding my termination (including retirement) from General Mills, and (B) which competes with General Mills products, brand categories, processes, or related services. c. I agree that for one year after I leave General Mills, including retiring from the Company, I will refrain from directly or indirectly soliciting Company employees for the purpose of hiring them or inducing them to leave their employment with the Company. d. I agree that after I leave General Mills, including retiring from the Company, I will indefinitely refrain from using Company client or contact lists, and for two years I will refrain from soliciting the Company's customers.

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| | |
|:---|:---|
|  | e.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill<br>refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them<br>or inducing them to leave their employment with the Company.<br>AbreachoftheobligationssetforthinthisparagraphmayresultintherescissionoftheAward,termination<br>and forfeiture of any unvested Units, and/or required payment to the Company of all or a portion of any<br>monetary gains acquired by the Participant as a result of the Award, unless the Award vested and was<br>settledmorethanfour(4)yearspriortothebreach.Theforegoing remediesareinadditionto,andnotin<br>lieu of injunctive relief and/or any other legal or equitable remedies available under applicable law.<br>|
| 8. | **<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheRestrictedStockUnits,theParticipantacknowledgesandagreesthat:<br>(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be<br>modified, amended, suspended or terminated by the Company, in its sole discretion, at any<br>time (subject to any limitations set forth in the Plan);<br>(b)the grant of the Restricted Stock Units is voluntary and occasional and does not create any<br>contractualorotherright to receivefuturegrantsof restricted stock units, orbenefits in lieuof<br>restricted stock units, even if restricted stock units or otherawards have been granted in the<br>past;<br>(c)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;<br>(d)theParticipant'sparticipationinthePlanisvoluntary;<br>(e)theRestrictedStockUnitsandtheParticipant'sparticipationinthePlanshallnotcreatearight<br>toemploymentorbe interpretedasforminganemploymentcontract withtheCompanyorany<br>ofitsSubsidiariesoraffiliatedcompaniesandshallnotinterferewiththeabilityoftheCompany<br>or the Employer, as applicable, to terminate the Participant's employment relationship (as<br>otherwise may be permitted under local law);<br>(f)unlessotherwiseagreedwiththeCompany,theRestrictedStockUnitsandanysharesofStock<br>acquiredupon vesting ofthe Restricted StockUnits,and the income fromand value of same,<br>are not granted as consideration for, or in connection with, any service the Participant may<br>provide as a director of any subsidiary or affiliate of the Company;<br>(g)the Restricted Stock Units and any shares of Stock acquired under the Plan and the income<br>andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating<br>any severance, resignation, termination, redundancy, dismissal, end-of-service payments,<br>bonuses, long-service awards, pension or retirement or welfare benefits or similar payments<br>and in no event should be considered as compensation for, or relating in any way to, past<br>services for the Company, the Employer or any subsidiary or affiliate of the Company;<br>(h)the future value of the shares of Stock underlying the Restricted Stock Units is unknown,<br>indeterminable, and cannot be predicted with certainty;<br>(i)uponvestingof theRestricted StockUnits, thevalueofsuch sharesofStockmay increaseor<br>decrease in value;<br>(j)noclaimorentitlementtocompensationordamagesshallarisefromforfeitureoftheRestricted<br>Stock Units resulting from termination of the Participant's employment (for any reason<br>whatsoever and whether or not in breach of local labor laws or later found invalid) and, in<br>consideration of the Restricted Stock Units, the Participant agrees not to institute any claim<br>against the Company or the Employer;<br>|

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|:---|:---|
|  | (k)the Restricted Stock Units and the benefits evidenced by this Agreement do not create any<br>entitlement not otherwise specifically provided for in the Plan or provided by the Company in<br>its discretion, to have the Restricted Stock Units or any such benefits transferred to, or<br>assumed by, another company, nor to be exchanged, cashed out or substituted for, in<br>connection with any corporate transaction affecting the shares of Stock; and<br>(l)<br>neitherthe Company norany of itsSubsidiaries oraffiliated companies shall be liable forany<br>foreign exchange rate fluctuation between the Participant's local currency and theU.S. dollar<br>that may affect the value of the Restricted Stock Units orany amounts due to theParticipant<br>pursuant to the vesting of the Restricted Stock Units or the subsequent sale of any shares of<br>Stock acquired upon vesting of the Restricted Stock Units.<br>|
| 9. | **<u>Data Privacy</u>**. *If the Participant would like to participate in the Plan, the Participant will need to review the*<br>*informationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttotheprocessing*<br>*of personal data by the Company and the third parties stated below.*<br>*IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnitedKingdom,*<br>*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*<br>*55426-1347, U.S.A., is the controller responsible for the processing of the Participant's personal data in*<br>*connection with the Agreement and the Plan.*<br>*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*<br>*personally-identifiable information about the Participant, specifically, the Participant's name,*<br>*home addressandtelephone number,emailaddress,dateof birth,socialinsurance,passport*<br>*number or other identification number, salary, nationality, job title, any shares of Stock or*<br>*directorships held in the Company or any affiliated company, details of all Restricted Stock*<br>*UnitsoranyotherentitlementtosharesofStockawarded,canceled,exercised,settled,vested,*<br>*unvested or outstanding in the Participant's favor, which the Company receives from the*<br>*ParticipantortheEmployer(the"Data"). TheCompanycollects,processesanduses the Data*<br>*forthepurposesofperformingitscontractualobligationsunderthisAgreement,implementing,*<br>*administering and managing the Participant's participation in the Plan and facilitating*<br>*compliance with applicable tax and securities law.*<br>*IftheParticipantisbasedintheEU,EEAorUnitedKingdom,thelegalbasisfortheprocessing*<br>*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*<br>*contractual obligations under this Agreement and the Plan and the Company's legitimate*<br>*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*<br>*with its contractual and statutory obligations.*<br>*IftheParticipantisbasedinanyotherjurisdiction,thelegalbasisfortheprocessingoftheData*<br>*by the Company is the Participant's consent as further described below.*<br>*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*<br>*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*<br>*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*<br>*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*<br>*similar manner, share Data with such service provider. The Company's service provider will*<br>*maintain an account for the Participant to administer the Restricted Stock Units. The*<br>*processingofData willtakeplacethroughbothelectronicandnon-electronic means. Datawill*<br>*only be accessible by those individuals requiring access to it for purposes of implementing,*<br>*administering and operating the Plan.*<br>*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*<br>*StatesandIndia.TheParticipant's countryorjurisdictionmayhavedifferentdataprivacy laws*<br>*andprotectionsthantheUnitedStatesandIndia.Anappropriatelevelofprotectioncanbe*<br>|

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| | |
|:---|:---|
|  | *achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*<br>*the EU Commission.*<br>*If the Participant is based in any other jurisdiction, the Data will be transferred from the*<br>*Participant's jurisdiction to the Company and onward from the Company to any of its service*<br>*providers based on the Participant's consent, as further described below.*<br>*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*<br>*administerandmanagetheParticipant'sparticipationinthePlan,orasrequiredtocomplywith*<br>*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*<br>*needs the Data, the Company will remove it from its systems.If the Company keeps data*<br>*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*<br>*wouldbe relevant laws orregulations (if the Participant is in the EU, EEA orUnitedKingdom)*<br>*or the Participant's consent (if the Participant is outside the EU, EEA or United Kingdom).*<br>*(e)<u>Data Subject Rights</u>. The Participant mayhave a numberof rights underdata privacy laws in*<br>*the Participant's jurisdiction. Subject to the conditions set out in the applicable law and*<br>*depending on where the Participant is based, such rights may include the right to (i) request*<br>*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*<br>*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*<br>*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*<br>*authorities in the Participant's jurisdiction, and/or to (viii) receive a list with the names and*<br>*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*<br>*to exercise these rights, the Participant can contact HR Direct.*<br>*(f)<u>Necessary Disclosure of Personal Data</u>. The Participant understands that providing the*<br>*Company with Data is necessary for the performance of the Agreement and that the*<br>*Participant'srefusaltoprovidethe Data wouldmake itimpossible fortheCompanytoperform*<br>*its contractual obligations and may affect the Participant's ability to participate in the Plan.*<br>*(g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom)</u>. The*<br>*Participantherebyunambiguouslyconsentstothe collection,useand transfer,inelectronicor*<br>*other form, of the Data, as described above and in any othergrant materials, by and among,*<br>*as applicable, the Employer, the Company and any affiliated company for the exclusive*<br>*purpose of implementing, administering and managing the Participant's participation in the*<br>*Plan.TheParticipantunderstandsthattheParticipantmay,atanytime,refuseorwithdrawthe*<br>*consentsherein,inanycasewithout cost,by contacting HRDirect.IftheParticipantdoesnot*<br>*consentorlaterseekstorevoketheParticipant'sconsent,theParticipant'semploymentstatus*<br>*orservice with theEmployerwill notbeaffected; theParticipant's consequence ofrefusingor*<br>*withdrawingconsentisthattheCompanywouldnotbeabletoawardtheParticipantRestricted*<br>*StockUnitsoranyotherequityawardtotheParticipantoradministerormaintainsuchawards.*<br>*Therefore, the Participant understands that refusing or withdrawing consent may affect the*<br>*Participant's ability to participate in the Plan. For more information on the consequences of*<br>*refusal to consent or withdrawal of consent, the Participant should contact HR Direct.*<br>|
| 10. | **<u>Clawback</u>**.ThisAwardisspecifically madesubjecttotheCompany'sExecutiveCompensationClawback <br>Policies.<br>|
| 11. | **<u>Insider</u><u>Trading; Market</u><u>Abuse Laws</u>**. By participating in the Plan, theParticipant agrees to comply with the<br>Company'spolicyoninsidertrading (totheextentthatitisapplicabletotheParticipant),theParticipantfurther<br>acknowledges that, depending on the Participant's or his or her broker's country of residence or where the<br>shares of Stock are listed, the Participant may be subject to insider trading restrictions and/or market abuse<br>laws that may affect the Participant's ability to accept, acquire, sell or otherwise dispose of shares of Stock,<br>rightstosharesofStock(e.g.,restrictedstockunits)orrightslinkedtothevalueofsharesofStock,duringsuch<br>times theParticipantis consideredtohave"inside information"regarding theCompanyasdefinedbythe laws<br>orregulationsintheParticipant'scountry.Localinsidertradinglawsandregulationsmayprohibitthe<br>|

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| | |
|:---|:---|
|  | cancellation or amendment of orders the Participant places before he or she possessed inside information.<br>Furthermore, the Participant could be prohibited from (i)disclosing the inside information to any third party<br>(other than on a "need to know" basis) and (ii)"tipping" third parties or causing them otherwise to buy or sell<br>securities.TheParticipantunderstandsthatthirdparties includefellowemployees.Anyrestrictionunderthese<br>laws or regulations are separate from and in addition to any restrictions that may be imposed under any<br>applicable Company insider trading policy. The Participant acknowledges that it is the Participant's<br>responsibility to comply with any applicable restrictions, and that the Participant should therefore consult the<br>Participant's personal advisor on this matter.<br>|
| 12. | **<u>Electronic Delivery</u>**. The Participant agrees, to the fullest extent permitted by law, in lieu of receiving<br>documents in paper format, to accept electronic delivery of any documents that the Company and its<br>Subsidiaries or affiliated companiesmay deliver in connection with this grant and any other grants offered by<br>theCompany,includingprospectuses,grantnotifications,accountstatements,annualorquarterlyreports,and<br>othercommunications.Electronicdeliveryofadocumentmaybemadeviathe Company'semail systemorby<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Participant hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 13. | **<u>English Language</u>**. The Participant acknowledges and agrees that it is the Participant's express intent that<br>this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or<br>institutedpursuanttotheRestrictedStockUnitsbedrawnupinEnglish.TotheextenttheParticipanthasbeen<br>providedwitha copy of thisAgreement,thePlan,oranyotherdocumentsrelating to this Award ina language<br>other than English, the English language documents willprevail in case of any ambiguities ordivergences as<br>a result of translation.<br>|
| 14. | **<u>Addendum.</u>** Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be subject to<br>any special terms and conditions set forth in the Country-Specific Addendum to this Agreement (the<br>"Addendum"). Moreover, if the Participant transfers to one of the countries included in such Addendum, the<br>special terms and conditions for such country will apply to the Participant, to the extent the Company<br>determinesthattheapplicationofsuchtermsandconditionsisnecessaryoradvisabletocomplywithlocallaw<br>or facilitate the administration of the Plan (orthe Companymay establish alternative terms and conditions as<br>may benecessary oradvisable toaccommodate theParticipant'stransfer). The Addendum constitutespartof<br>this Agreement.<br>|
| 15. | **<u>Not a Public Offering</u>**. The award of the Restricted Stock Units is not intended to be a public offering of<br>securities in the Participant's country of employment (or country of residence, if different). The Company has<br>notsubmittedanyregistrationstatement,prospectusorotherfilingswiththelocalsecuritiesauthorities(unless<br>otherwiserequiredunderlocallaw),andtheawardoftheRestrictedStockUnitsisnotsubjecttothesupervision<br>ofthelocalsecuritiesauthorities.*NoemployeeoftheCompanyoranyofitsSubsidiariesoraffiliatedcompanies*<br>*is permitted to advise the Participant on whether he/she should participate in the Plan. Acquiring shares of*<br>*Stock involves a degree of risk. Before deciding to participate in the Plan, the Participant should carefully*<br>*considerallrisk factors relevant to theacquisitionof shares of StockunderthePlan andcarefully reviewallof*<br>*thematerialsrelatedtothe RestrictedStock UnitsandthePlan.Inaddition,theParticipantshouldconsult with*<br>*his/her personal advisor for professional investment advice.*<br>|
| 16. | **<u>Repatriation; Compliance with Law.</u>**The Participant agrees to repatriate all payments attributable to the<br>sharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchangerulesand<br>regulations in the Participant's country of employment (and country of residence, if different). In addition, the<br>Participant agrees to take any and all actions, and consent to any and all actions taken by the Company and<br>any of its Subsidiaries and affiliated companies, as may be required to allow the Company and any of its<br>Subsidiaries and affiliated companies to comply with local laws, rules and/or regulations in the Participant's<br>country of employment (and country of residence, if different). Finally, the Participant agrees to take any and<br>all actions as may be required to comply with the Participant's personal obligations under local laws, rules<br>and/or regulations in the Participant's country of employment and country of residence, if different).<br>|

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|:---|:---|
| 17. | **<u>Imposition of Other Requirements.</u>**The Company reserves the right to impose other requirements on the<br>Participant'sparticipationinthePlan,ontheRestrictedStockUnits,andonanysharesofStockacquiredunder<br>thePlan,totheextenttheCompanydeterminesitisnecessaryoradvisableforlegaloradministrativereasons,<br>and to require the Participant to sign any additional agreements or undertakings that may be necessary to<br>accomplish the foregoing.<br>|
| 18. | **<u>Committee's</u><u>Powers</u>.**NoprovisioncontainedinthisAgreementshallinanywayterminate,modifyoralter,or<br>be construed or interpreted as terminating, modifying oraltering any of the powers, rights orauthority vested<br>in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions<br>adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and<br>electionswith respecttothe RestrictedStockUnits.AnydisputeregardingtheinterpretationofthisAgreement<br>or the terms of the Plan shallbe submitted to the Committee or its delegate who shallhave the discretionary<br>authority to construe the terms of this Agreement, the Plan, and all documents ancillary to this Award.The<br>decisions of the Committee or its delegate shall be final and binding and any reviewing court of law or other<br>party shall defer to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended<br>that this review standard subject the Plan orAward to the U.S. Employee Retirement Income Security Act**.**<br>|
| 19. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe <br>Company and all persons lawfully claiming under the Participant.<br>|
| 20. | **<u>Governing Law and Forum</u>**. Without limiting the effect of section 17, this Agreement shall be governed by,<br>and construed in accordance with, the lawsof the State of Delaware without regard to principlesof conflict of<br>laws.<br>|
| 21. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 22. | **<u>Waiver</u>**. The waiverby the Company with respect to Employee's (orany other participant's) compliance with<br>any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this<br>Agreement, or of any subsequent breach by such party of a provision of this Agreement.<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>bysearching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports. | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>bysearching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports. |

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**GENERALMILLS, INC.**

**GENERAL MILLS, INC.** 

**RESTRICTEDSTOCKUNITAWARD**

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| | | |
|:---|:---|:---|
| **GRANT DATE:** | **GRANT DATE:** | **GRANT DATE:** |
| **PARTICIPANT:** | **PARTICIPANT:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **AGGREGATENUMBEROFUNITS** <br>**AWARDED:** | **AGGREGATENUMBEROFUNITS** <br>**AWARDED:** | **AGGREGATENUMBEROFUNITS** <br>**AWARDED:** |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** |
| **THIS AWARD,datedontheaboveGrantDate,ismadebyGeneral Mills, Inc.,andmade tothe personnamed** <br>**above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD,datedontheaboveGrantDate,ismadebyGeneral Mills, Inc.,andmade tothe personnamed** <br>**above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD,datedontheaboveGrantDate,ismadebyGeneral Mills, Inc.,andmade tothe personnamed** <br>**above (the "Participant" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. |
| 2. | **<u>Vesting/Payment</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u>.** | **<u>Vesting/Payment</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u>.** |
|  | (a)**Vesting/PaymentSchedule**.RestrictedStockUnitsshallvestintranches,eachtranchehaving its<br>own12monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsina<br>tranche shall be paid on the respective Scheduled Vesting Date, subject to the terms of this<br>Agreement and the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany | (a)**Vesting/PaymentSchedule**.RestrictedStockUnitsshallvestintranches,eachtranchehaving its<br>own12monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsina<br>tranche shall be paid on the respective Scheduled Vesting Date, subject to the terms of this<br>Agreement and the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany |

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or any subsidiary oraffiliated companies (the "Company") terminates undercertain circumstances

before the respective Scheduled Vesting Dates, as herein provided.

(i)*ResignationorTerminationforCause.*IftheParticipant'semployment withthe Company is

terminated by either (i) resignation, or (ii) a discharge due to Participant's illegal activities,

poorworkperformance,misconductorviolationoftheCompany'sCodeofConduct,policies

orpractices, then these Restricted Stock Units, to theextent theyare not previously vested

as of the Termination Date, shall for no consideration be cancelled and forfeited. For the

avoidance of doubt, "Termination Date"forpurposes of this Award will be deemed to occur

as of the date Participant is no longer actively providing services as an employee, unless

otherwise determined by the Company in its sole discretion, and no vesting shall continue

duringanynoticeperiodthatmaybespecifiedunder contractorapplicable law with respect

to such termination, includingany"garden leave"orsimilarperiod,exceptasmayotherwise

be permitted in the Company's sole discretion.

(ii)*Involuntary Termination.* If the Participant's employment with the Company terminates

involuntarily at the initiation of the Company for any reason other than specified in Plan

Section11(*ChangeinControl*),or(i),(iv)or(v)inthissection2,andonlyupontheexecution

(without revoking) of an effective general legal release and such other documents as are

satisfactory to the Company, the following rules shall apply:

a) In the event that at the Termination Date, the sum of the Participant's age and years

of service with the Company equals or exceeds 70, all Restricted Stock Units not

previously vested shall become vested and be paid based on each tranche on the

respective Scheduled Vesting Dates otherwise applicable to each tranche.

Notwithstandingtheprevioussentence,iftheTerminationDateiswithintwelvemonths

of the Grant Date, the Award shall not fully vest but rather vest on a pro rata basis

based on employment completed since grant priorto the Termination Date within the

first yearof the Restricted Period; the RestrictedStock Unitsthat vestpursuant to the

previous sentence shall be paid on the Scheduled Vesting Date applicable to the

tranche under which they were awarded.

b) In the event that at the Termination Date, the sum of the Participant's age and years

of service withthe Companyislessthan 70, the unvested Restricted StockUnitsthat

are in thetranche withaScheduledVesting Date within12monthsofthe Termination

Date shall vest, in an amount equal to the pro-rata amount based on employment

completed during the relevant 12 month tranche vesting period. All other unvested

Restricted Stock Units shall be forfeited as of the Termination Date. All Restricted

Stock Units that vest underthis paragraph shallbe paid on the respective Scheduled

Vesting Date otherwise applicable to such tranche.

(iii)*Death*.If a Participant dies while employed by the Company during any applicable vesting

period, this Award shall become fully vested, effective as of the date of death, and shall be

paid as of the first day of the month following death to the designated beneficiary or

beneficiaries, or to the Participant's estate if no beneficiary is appropriately designated.

(iv)*Retirement.*If the termination of employment is due to the Participant's retirement on or

after age55 and completion of at least five (5) years of service with the Company, all

Restricted Stock Units in unvested tranches shall vest and be paid on each tranche's

respective Scheduled Vesting Date.Notwithstanding the above, if the Termination Date is

withintwelvemonthsoftheGrantDate,theAwardshallnotfullyvestbutrathervestonapro

ratabasisbased onemployment completed sincegrant priorto the Termination Date within

the first year of the Restricted Period; the Restricted Stock Units that vest pursuant to the

previous sentence shall be paid on the Scheduled Vesting Date applicable to the tranche

underwhichtheywereawarded.ThetermsofthisparagraphshallnotapplytoaParticipant

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| | |
|:---|:---|
|  | who,priortoa Changeof Control, is terminated forcause asdescribed in (b)(i)above; said <br>Participant shall be treated as provided in (b)(i)<br>(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture,<br>cessation, transfer, or spin-off of a line of business or other activity of the Company, the<br>Committee, in itssole discretion,shalldeterminethe conversion,vesting,orothertreatment<br>of these Awards. Such treatment shall be consistent with Code Section409A, and in<br>particular will take into account whether a separation from service has occurred within the<br>meaning of Code Section 409A.<br>|
| 3. | **<u>Dividend Equivalents</u>.** For Restricted Stock Units awarded hereunder, any dividends or other distributions<br>declaredpayableonthe Company'sStockonoraftertheGrantDateuntil theAward is settledand/orforfeited<br>shall be credited notionally to the Participant in an amount equal to such declared dividends or other<br>distributions on an equivalent number of shares of Stock ("Dividend Equivalents").Dividend Equivalents so<br>credited shall be paid if, and only to the extent, the underlying Restricted Stock Units to which they relate<br>become unrestricted and vest, as provided under the terms of the Plan and this Agreement.Dividend<br>Equivalentscredited in respecttoRestrictedStock Unitsthatareforfeitedunderthe terms of the Planandthis<br>document, are correspondingly forfeited.No interest or other earnings shall be credited on Dividend<br>Equivalents.Vested DividendEquivalentsshallbepaid incashat the same time astheunderlying Restricted<br>Stock Units to which they relate.<br>|
| 4. | **<u>Settlement</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units</u>.**Settlementshallbecompletedassoonasadministrativelypracticable<br>butinnoevent laterthan30daysafterthedatethe RestrictedStockUnits vest,exceptwheresuchsettlement<br>following a Section 409A Separation from Service requires a six-month delay. The Company will provide for<br>settlementintheformofsharesofStock.Awardssubjecttoproperdeferralelectionsshallbedeferredintothe<br>General Mills Deferred Compensation Plan.<br>|
| 5. | **<u>Non-Transferability</u>**. The Restricted Stock Units may not be sold, assigned, pledged, exchanged,<br>hypothecated,encumbered,disposedof,orotherwisetransferred,unlessotherwiseprovidedinthePlanorthis<br>Agreement.Uponanyattempt to transfer,assign,pledge,hypothecateorotherwise disposeofthe Restricted<br>Stock Units or of such rights contrary to the provisions hereof or in the Plan, the Restricted Stock Units and<br>such rights shall immediately become null and void.<br>|
| 6. | **<u>Withholding of</u><u>Tax</u>**.TheParticipantacknowledgesthat, regardlessofanyactiontakenby theCompanyor,if<br>different,thesubsidiaryoraffiliatedcompanythatemploystheParticipant(the"Employer"),theultimateliability<br>forallincome tax,socialcontributions,payrolltax,fringebenefitstax, paymenton account,hypotheticaltax or<br>other tax-related items related to the Participant's participation in the Plan and legally applicable to the<br>Participant or deemed by the Company or the Employer in their discretion to be an appropriate charge to the<br>ParticipanteveniflegallyapplicabletotheCompanyortheEmployer("Tax-RelatedItems"),isandremainsthe<br>Participant's responsibility and may exceed the amount actually withheld by the Company orthe Employer, if<br>any.TheParticipantfurtheracknowledgesthattheCompanyand/ortheEmployer(a) makenorepresentations<br>or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the<br>Restricted Stock Units, including,butnot limitedto, the grant, vesting, thesubsequent saleof shares of Stock<br>acquired pursuant to such vesting and the receipt of any dividends, or dividend equivalents; and (b)do not<br>commit toandareunderno obligationtostructurethetermsofthegrantor anyaspectofthe RestrictedStock<br>Units to reduceoreliminatetheParticipant'sliability forTax-Related Itemsorachieveanyparticulartax result.<br>Further, iftheParticipant issubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrant Date<br>and thedateofanyrelevanttaxableortaxwithholdingevent,asapplicable, theParticipantacknowledges that<br>theCompanyand/or theEmployer (orformeremployer,asapplicable)mayberequired to withholdoraccount<br>for Tax-Related Items in more than one jurisdiction.<br>Prior to the relevant taxable ortax withholding event, as applicable, the Participant agrees to make adequate<br>arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,<br>unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-<br>RelatedItemsbyoneoracombinationofthefollowing:(i)withholdingfromtheParticipant'swagesorother<br>|

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| | |
|:---|:---|
|  | cash compensation paid to the Participant by the Company and/or the Employer; (ii) withholding from the<br>shares of Stock to be delivered upon settlement of the Restricted Stock Units or otherawards granted to the<br>Participant or (iii) permitting the Participant to tender to the Company cash or, if allowed by the Committee,<br>shares of Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by<br>consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole<br>discretion) or other applicable withholding rates, including maximum applicable rates, in which case the<br>Participant will receive a refund of any over-withheld amount and will have no entitlement to the share<br>equivalent. If the obligation for Tax-Related Items is satisfied by withholding from the shares of Stock to be<br>deliveredupon vestingof theRestrictedStock Units,fortaxpurposes,theParticipant isdeemedto havebeen<br>issued thefullnumberof shares of Stocksubjecttothe RestrictedStock Units,notwithstanding thatanumber<br>of shares of Stock are held back solely for the purpose of paying the Tax-Related Items. The Participant will<br>have no further rights with respect to any shares of Stock that are retained by the Company pursuant to this<br>provision.<br>The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items that the<br>CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheParticipant'sparticipation<br>in the Plan that cannot be satisfiedby themeans previously described. The Companymay refuse to issue or<br>deliver shares of Stock or proceeds from the sale of shares of Stock until arrangements satisfactory to the<br>Company have been made in connection with the Tax-Related Items.<br>|
| 7. | **<u>Restrictive Covenants;</u><u>Confidential</u><u>Information</u>**.TheParticipantagreesto cooperate with theCompanyin<br>any way needed in order to comply with, or fulfill the terms of the Plan and this Award document.As a term<br>and condition of this Award, Participant agrees to the following terms:<br>a.IagreetouseGeneralMills Confidential Informationonlyasneededintheperformanceofmy<br>duties,toholdandprotectsuchinformationasconfidentialtotheCompany,andnottoengage<br>in any unauthorized use or disclosure of such information for so long as such information<br>qualifies as Confidential Information. I agree that after my employment with the Company<br>terminatesforanyreason, including "retirement"asthatterm isusedinthePlan,Iwill notuse<br>or disclose, directly or indirectly, Company Confidential Information or trade secrets for any<br>purpose, unless I get the prior written consent of mymanager to do so.<br>This document does not prevent me from filing a complaint with a government agency<br>(including the Securities and Exchange Commission, Department of Justice, Equal<br>Employment Opportunity Commission and others) or from participating in an agency<br>proceeding. This document also does not prevent me from providing an agency with<br>information, including this document, unless such information is legally protected from<br>disclosure to third parties.I do not need prior company authorization to take these actions,<br>nor must I notify the company I have done so.<br>Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any<br>federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a<br>federal, state,orlocalgovernment official,eitherdirectly orindirectly, orto an attorney, solely<br>forthepurpose of reporting orinvestigating a suspected violation of law;or(B)in acomplaint<br>or other document filed in a lawsuit or other proceeding, if such filing is made underseal.<br>GeneralMillsConfidentialInformationmeansanynon-publicinformationIcreate,receive,use<br>or observe in the performance ofmy job at General Mills, including trade secrets.Examples<br>of Confidential Information include marketing, merchandising, business plans, business<br>methods,pricing,purchasing,licensing,contracts,employee,supplierorcustomerinformation,<br>financial data, technological developments, manufacturing processes and specifications,<br>productformulas,ingredientspecifications,softwarecode,andallotherproprietaryinformation<br>which is not publicly available to others.<br>|

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| | |
|:---|:---|
|  | Prior to leaving the Company, I agree to return all materials in my possession containing<br>ConfidentialInformation, as well as allother documents and other tangible items provided to<br>me by General Mills, or developed by me in connection with my employment with the<br>Company.<br>b.[*This Section 7.b.does not apply to California, Colorado, Minnesota, and Washington - based*<br>*employees.*] I agree that for one year after I leave the Company, including retiring from the<br>Company, I will not work on any product, brand category, process, or service: (A)on which I<br>worked, or about which I had access to Confidential Information, in the year immediately<br>preceding my termination (including retirement) from General Mills, and (B) which competes<br>with General Mills products, brand categories, processes, or related services.<br>c.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill<br>refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them<br>or inducing them to leave their employment with the Company.<br>d.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely<br>refrainfromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsoliciting<br>the Company's customers.<br>AbreachoftheobligationssetforthinthisparagraphmayresultintherescissionoftheAward,termination<br>and forfeiture of any unvested Units, and/or required payment to the Company of all or a portion of any<br>monetary gains acquired by the Participant as a result of the Award, unless the Award vested and was<br>settledmorethanfour(4)yearspriortothebreach.Theforegoing remediesareinadditionto,andnotin<br>lieu of injunctive relief and/or any other legal or equitable remedies available under applicable law.<br>|
| 8. | **<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheRestrictedStockUnits,theParticipantacknowledgesandagreesthat:<br>(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be<br>modified, amended, suspended or terminated by the Company, in its sole discretion, at any<br>time (subject to any limitations set forth in the Plan);<br>(b)the grant of the Restricted Stock Units is voluntary and occasional and does not create any<br>contractualorotherright to receivefuturegrantsof restricted stock units, orbenefits in lieuof<br>restricted stock units, even if restricted stock units or otherawards have been granted in the<br>past;<br>(c)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;<br>(d)theParticipant'sparticipationinthePlanisvoluntary;<br>(e)theRestrictedStockUnitsandtheParticipant'sparticipationinthePlanshallnotcreatearight<br>toemploymentorbe interpretedasforminganemploymentcontract withtheCompanyorany<br>ofitsSubsidiariesoraffiliatedcompaniesandshallnotinterferewiththeabilityoftheCompany<br>or the Employer, as applicable, to terminate the Participant's employment relationship (as<br>otherwise may be permitted under local law);<br>(f)unlessotherwiseagreedwiththeCompany,theRestrictedStockUnitsandanysharesofStock<br>acquiredupon vesting ofthe Restricted StockUnits,and the income fromand value of same,<br>are not granted as consideration for, or in connection with, any service the Participant may<br>provide as a director of any subsidiary or affiliate of the Company;<br>(g)the Restricted Stock Units and any shares of Stock acquired under the Plan and the income<br>andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating<br>any severance, resignation, termination, redundancy, dismissal, end-of-service payments,<br>bonuses, long-service awards, pension or retirement or welfare benefits or similar payments<br>|

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| | |
|:---|:---|
|  | and in no event should be considered as compensation for, or relating in any way to, past<br>services for the Company, the Employer or any subsidiary or affiliate of the Company;<br>(h)the future value of the shares of Stock underlying the Restricted Stock Units is unknown,<br>indeterminable, and cannot be predicted with certainty;<br>(i)uponvestingof theRestricted StockUnits, thevalueofsuch sharesofStockmay increaseor<br>decrease in value;<br>(j)noclaimorentitlementtocompensationordamagesshallarisefromforfeitureoftheRestricted<br>Stock Units resulting from termination of the Participant's employment (for any reason<br>whatsoever and whether or not in breach of local labor laws or later found invalid) and, in<br>consideration of the Restricted Stock Units, the Participant agrees not to institute any claim<br>against the Company or the Employer;<br>(k)the Restricted Stock Units and the rights evidenced by this Agreement do not create any<br>entitlementnototherwisespecificallyprovidedforinthePlantohavetheRestrictedStockUnits<br>transferred to, or assumed by, another company, nor to be exchanged, cashed out or<br>substitutedfor,inconnectionwithanycorporatetransactionaffectingthesharesofStock;and<br>(l)<br>neitherthe Company norany of itsSubsidiaries oraffiliated companies shall be liable forany<br>foreign exchange rate fluctuation between the Participant's local currency and theU.S. dollar<br>that may affect the value of the Restricted Stock Units orany amounts due to theParticipant<br>pursuant to the vesting of the Restricted Stock Units or the subsequent sale of any shares of<br>Stock acquired upon vesting of the Restricted Stock Units.<br>|
| 9. | **<u>Data Privacy</u>**. *If the Participant would like to participate in the Plan, the Participant will need to review the*<br>*informationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttotheprocessing*<br>*of personal data by the Company and the third parties stated below.*<br>*IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnitedKingdom,*<br>*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*<br>*55426-1347, U.S.A., is the controller responsible for the processing of the Participant's personal data in*<br>*connection with the Agreement and the Plan.*<br>*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*<br>*personally-identifiable information about the Participant, specifically, the Participant's name,*<br>*home addressandtelephone number,emailaddress,dateof birth,socialinsurance,passport*<br>*number or other identification number, salary, nationality, job title, any shares of Stock or*<br>*directorships held in the Company or any affiliated company, details of all Restricted Stock*<br>*UnitsoranyotherentitlementtosharesofStockawarded,canceled,exercised,settled,vested,*<br>*unvested or outstanding in the Participant's favor, which the Company receives from the*<br>*ParticipantortheEmployer(the"Data"). TheCompanycollects,processesanduses the Data*<br>*forthepurposesofperformingitscontractualobligationsunderthisAgreement,implementing,*<br>*administering and managing the Participant's participation in the Plan and facilitating*<br>*compliance with applicable tax and securities law.*<br>*IftheParticipantisbasedintheEU,EEAorUnitedKingdom,thelegalbasisfortheprocessing*<br>*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*<br>*contractual obligations under this Agreement and the Plan and the Company's legitimate*<br>*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*<br>*with its contractual and statutory obligations.*<br>*IftheParticipantisbasedinanyotherjurisdiction,thelegalbasisfortheprocessingoftheData*<br>*by the Company is the Participant's consent as further described below.*<br>|

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*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*

*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*

*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*

*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*

*similar manner, share Data with such service provider. The Company's service provider will*

*maintain an account for the Participant to administer the Restricted Stock Units. The*

*processingofData willtakeplacethroughbothelectronicandnon-electronicmeans. Datawill*

*only be accessible by those individuals requiring access to it for purposes of implementing,*

*administering and operating the Plan.*

*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*

*StatesandIndia.TheParticipant's countryorjurisdictionmayhavedifferentdataprivacy laws*

*and protections than the United States and India. An appropriate level of protection can be*

*achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*

*the EU Commission.*

*If the Participant is based in any other jurisdiction, the Data will be transferred from the*

*Participant's jurisdiction to the Company and onward from the Company to any of its service*

*providers based on the Participant's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*

*administerandmanagetheParticipant'sparticipationinthePlan,orasrequiredtocomplywith*

*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*

*needs the Data, the Company will remove it from its systems.If the Company keeps data*

*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*

*wouldbe relevant laws orregulations (if the Participant is in the EU, EEA orUnitedKingdom)*

*or the Participant's consent (if the Participant is outside the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Participant mayhave a numberof rights underdata privacy laws in*

*the Participant's jurisdiction. Subject to the conditions set out in the applicable law and*

*depending on where the Participant is based, such rights may include the right to (i) request*

*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*

*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*

*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*

*authorities in the Participant's jurisdiction, and/or to (viii) receive a list with the names and*

*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*

*to exercise these rights, the Participant can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Participant understands that providing the*

*Company with Data is necessary for the performance of the Agreement and that the*

*Participant'srefusaltoprovidethe Data wouldmake itimpossible fortheCompanytoperform*

*its contractual obligations and may affect the Participant's ability to participate in the Plan.*

*(g)<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom)</u>. The*

*Participantherebyunambiguouslyconsentstothe collection,useand transfer,inelectronicor*

*other form, of the Data, as described above and in any othergrant materials, by and among,*

*as applicable, the Employer, the Company and any affiliated company for the exclusive*

*purpose of implementing, administering and managing the Participant's participation in the*

*Plan.TheParticipantunderstandsthattheParticipantmay,atanytime,refuseorwithdrawthe*

*consentsherein,inanycasewithout cost,by contacting HRDirect.IftheParticipantdoesnot*

*consentorlaterseekstorevoketheParticipant'sconsent,theParticipant'semploymentstatus*

*orservice with theEmployerwill notbeaffected; theParticipant's consequence ofrefusingor*

*withdrawingconsentisthattheCompanywouldnotbeabletoawardtheParticipantRestricted*

*StockUnitsoranyotherequityawardtotheParticipantoradministerormaintainsuchawards.*

*Therefore,theParticipantunderstandsthatrefusingorwithdrawingconsentmayaffectthe*

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| | |
|:---|:---|
|  | *Participant's ability to participate in the Plan. For more information on the consequences of*<br>*refusal to consent or withdrawal of consent, the Participant should contact HR Direct.*<br>|
| 10. | **<u>Clawback</u>**.ThisAwardisspecifically madesubjecttotheCompany'sExecutiveCompensationClawback <br>Policies.<br>|
| 11. | **<u>Insider</u><u>Trading; Market</u><u>Abuse Laws</u>**. By participating in the Plan, theParticipant agrees to comply with the<br>Company'spolicyoninsidertrading (totheextentthatitisapplicabletotheParticipant),theParticipantfurther<br>acknowledges that, depending on the Participant's or his or her broker's country of residence or where the<br>shares of Stock are listed, the Participant may be subject to insider trading restrictions and/or market abuse<br>laws that may affect the Participant's ability to accept, acquire, sell or otherwise dispose of shares of Stock,<br>rightstosharesofStock(e.g.,restrictedstockunits)orrightslinkedtothevalueofsharesofStock,duringsuch<br>times theParticipantis consideredtohave"inside information"regarding theCompanyasdefinedbythe laws<br>or regulations in the Participant's country. Local insider trading laws and regulations may prohibit the<br>cancellation or amendment of orders the Participant places before he or she possessed inside information.<br>Furthermore, the Participant could be prohibited from (i)disclosing the inside information to any third party<br>(other than on a "need to know" basis) and (ii) "tipping" third parties or causing them otherwise to buy or sell<br>securities.TheParticipantunderstandsthatthirdparties includefellowemployees.Anyrestrictionunderthese<br>laws or regulations are separate from and in addition to any restrictions that may be imposed under any<br>applicable Company insider trading policy. The Participant acknowledges that it is the Participant's<br>responsibility to comply with any applicable restrictions, and that the Participant should therefore consult the<br>Participant's personal advisor on this matter.<br>|
| 12. | **<u>Electronic Delivery</u>**. The Participant agrees, to the fullest extent permitted by law, in lieu of receiving<br>documents in paper format, to accept electronic delivery of any documents that the Company and its<br>Subsidiaries or affiliated companiesmay deliver in connection with this grant and any other grants offered by<br>theCompany,includingprospectuses,grantnotifications,accountstatements,annualorquarterlyreports,and<br>othercommunications.Electronicdeliveryofadocumentmaybemadeviathe Company'semail systemorby<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Participant hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 13. | **<u>English Language</u>**. The Participant acknowledges and agrees that it is the Participant's express intent that<br>this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or<br>institutedpursuanttotheRestrictedStockUnitsbedrawnupinEnglish.TotheextenttheParticipanthasbeen<br>providedwitha copy of thisAgreement,thePlan,oranyotherdocumentsrelating to this Award ina language<br>other than English, the English language documents willprevail in case of any ambiguities ordivergences as<br>a result of translation.<br>|
| 14. | **<u>Addendum</u>.** Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be subject to<br>any special terms and conditions set forth in the Country-Specific Addendum to this Agreement (the<br>"Addendum"). Moreover, if the Participant transfers to one of the countries included in such Addendum, the<br>special terms and conditions for such country will apply to the Participant, to the extent the Company<br>determinesthattheapplicationofsuchtermsandconditionsisnecessaryoradvisabletocomplywithlocallaw<br>or facilitate the administration of the Plan (orthe Companymay establish alternative terms and conditions as<br>may benecessary oradvisable toaccommodate theParticipant'stransfer). The Addendum constitutespartof<br>this Agreement.<br>|
| 15. | **<u>Not a Public Offering</u>**. The award of the Restricted Stock Units is not intended to be a public offering of<br>securities in the Participant's country of employment (or country of residence, if different). The Company has<br>notsubmittedanyregistrationstatement,prospectusorotherfilingswiththelocalsecuritiesauthorities(unless<br>otherwiserequiredunderlocallaw),andtheawardoftheRestrictedStockUnitsisnotsubjecttothesupervision<br>ofthelocalsecuritiesauthorities.*NoemployeeoftheCompanyoranyofitsSubsidiariesoraffiliatedcompanies*<br>*is permitted to advise the Participant on whether he/she should participate in the Plan. Acquiring shares of*<br>*Stockinvolvesadegreeofrisk.BeforedecidingtoparticipateinthePlan,theParticipantshouldcarefully*<br>|

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| | |
|:---|:---|
|  | *considerallrisk factors relevant to theacquisitionof shares of StockunderthePlan andcarefully reviewallof*<br>*thematerialsrelatedtothe RestrictedStock UnitsandthePlan.Inaddition,theParticipantshouldconsult with*<br>*his/her personal advisor for professional investment advice.*<br>|
| 16. | **<u>Repatriation; Compliance with Law</u>.** The Participant agrees to repatriate all payments attributable to the<br>sharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchangerulesand<br>regulations in the Participant's country of employment (and country of residence, if different). In addition, the<br>Participant agrees to take any and all actions, and consent to any and all actions taken by the Company and<br>any of its Subsidiaries and affiliated companies, as may be required to allow the Company and any of its<br>Subsidiaries and affiliated companies to comply with local laws, rules and/or regulations in the Participant's<br>country of employment (and country of residence, if different). Finally, the Participant agrees to take any and<br>all actions as may be required to comply with the Participant's personal obligations under local laws, rules<br>and/or regulations in the Participant's country of employment and country of residence, if different).<br>|
| 17. | **<u>Imposition of Other Requirements</u>.** The Company reserves the right to impose other requirements on the<br>Participant'sparticipationinthePlan,ontheRestrictedStockUnits,andonanysharesofStockacquiredunder<br>thePlan,totheextenttheCompanydeterminesitisnecessaryoradvisableforlegaloradministrativereasons,<br>and to require the Participant to sign any additional agreements or undertakings that may be necessary to<br>accomplish the foregoing.<br>|
| 18. | **<u>Committee's</u><u>Powers</u>.**NoprovisioncontainedinthisAgreementshallinanywayterminate,modifyoralter,or<br>be construed or interpreted as terminating, modifying oraltering any of the powers, rights orauthority vested<br>in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions<br>adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and<br>electionswith respecttothe RestrictedStockUnits.AnydisputeregardingtheinterpretationofthisAgreement<br>or the terms of the Plan shallbe submitted to the Committee or its delegate who shallhave the discretionary<br>authority to construe the terms of this Agreement, the Plan, and all documents ancillary to this Award.The<br>decisions of the Committee or its delegate shall be final and binding and any reviewing court of law or other<br>party shall defer to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended<br>that this review standard subject the Plan orAward to the U.S. Employee Retirement Income Security Act**.**<br>|
| 19. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe <br>Company and all persons lawfully claiming under the Participant.<br>|
| 20. | **<u>Governing Law and Forum</u>**. Without limiting the effect of section 17, this Agreement shall be governed by,<br>and construed in accordance with, the lawsof the State of Delaware without regard to principlesof conflict of<br>laws.<br>|
| 21. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 22. | **<u>Waiver</u>**. The waiverby the Company with respect to Employee's (orany other participant's) compliance with<br>any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this<br>Agreement, or of any subsequent breach by such party of a provision of this Agreement.<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me <br>bysearching"2022StockCompensationPlan".AcopyoftheCompany'slatestAnnualReportonForm10-Kisalso<br>availableontheCompany'swebsiteatwww.generalmills.comunderInvestorInformation/AnnualReports. | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me <br>bysearching"2022StockCompensationPlan".AcopyoftheCompany'slatestAnnualReportonForm10-Kisalso<br>availableontheCompany'swebsiteatwww.generalmills.comunderInvestorInformation/AnnualReports. |

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**GENERALMILLS, INC.**

**GENERAL MILLS, INC.** 

**RESTRICTEDSTOCKUNITAWARD**

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| | | |
|:---|:---|:---|
| **GRANT DATE:** | **GRANT DATE:** | **GRANT DATE:** |
| **PARTICIPANT:** | **PARTICIPANT:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** | **AGGREGATE NUMBER OF UNITS SUBJECT** <br>**TO AWARD:** |
| **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** | **EXPIRATIONDATEOFRESTRICTED** <br>**PERIOD:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subjecttothetermsandconditionscontainedinthePlandocumentandthisRestrictedStockUnitAward**<br>**Agreement ("Agreement").The Participant: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii) represents that the Participant has carefully read and is familiar with the provisions of**<br>**thisAgreementandthePlan,and(iii)herebyacceptstheRestrictedStockUnitssubjecttoalloftheterms**<br>**andconditionssetforthherein,andinthePlan.IftheParticipantdoesnotwishtoreceivetheRestricted**<br>**StockUnitsand/ordoesnotconsentandagreetothetermsandconditionsonwhichtheRestrictedStock**<br>**Unitsareoffered,assetforthinthisAgreementandthePlan,thentheParticipantmustrejectthisAward**<br>**via the website of the Company's designated broker, no later than 60 days following the Grant Date.If**<br>**the Participant rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Participant's failure to reject this Award within this 60 day period will constitute the Participant's**<br>**acceptance ofthis Award andall termsand conditionsofthis Award, as setforth in this Agreementand**<br>**the Plan.** |
| **THIS AWARD, datedonthe above GrantDate, is made byGeneral Mills, Inc.,(the "Company"), andmade to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, datedonthe above GrantDate, is made byGeneral Mills, Inc.,(the "Company"), andmade to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, datedonthe above GrantDate, is made byGeneral Mills, Inc.,(the "Company"), andmade to** <br>**the person named above (the "Participant" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. | **<u>Award</u><u>of</u><u>Units</u>**.Eachunitawarded representsthe rightto receiveone share ofthe Companycommon stock,<br>par value USD 0.10 per share ("Stock"). The units granted pursuant to this Agreement are referred to as the<br>"RestrictedStock Units". Exceptasotherwise definedherein,capitalizedtermsshallhavethe samemeanings<br>ascribed to them under the Plan. |
| 2. | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** | **<u>Vesting</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units;</u><u>Forfeiture</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units.</u>** |
|  | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary or affiliated companies terminates under certain circumstances before the<br>respective Vesting Dates, as herein provided. | (a)**Vesting Schedule**. Restricted Stock Units shall vest in tranches, each tranche having its own 12<br>monthvestingperiodoccurringconsecutively,startingontheGrantDate.Vestedunitsinatranche<br>shallbepaidontherespectiveScheduledVestingDate,subjecttothetermsofthisAgreementand<br>the Plan.<br>**<u>Tranche</u><u>Number of</u><u>Units</u><u>Scheduled</u><u>Vesting</u><u>Date</u>**<br>(b)**Forfeiture of Restricted Stock Units**. The Participant acknowledges that the Restricted Stock<br>UnitsawardedhereunderaresubjecttoforfeitureiftheParticipant'semploymentwiththeCompany<br>or any subsidiary or affiliated companies terminates under certain circumstances before the<br>respective Vesting Dates, as herein provided. |

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| | |
|:---|:---|
|  | (i)*Termination for Cause.*If the Participant's employment with the Company or any<br>subsidiaryoraffiliated companiesisterminateddue to Participant'sillegalactivities,<br>poorworkperformance,misconductorviolationoftheCompany'sCodeofConduct,<br>policies or practices, then these Restricted Stock Units, to the extent they are not<br>fully vestedasof the Termination Date, shall forno consideration be cancelled and<br>forfeitedintheirentirety.Fortheavoidanceofdoubt,"TerminationDate"forpurposes<br>ofthisAward willbedeemedtooccurasofthedateParticipantisnolongeractively<br>providing services as an employee, unless otherwise determined by the Company<br>initssolediscretion,andnovestingshallcontinueduringanynoticeperiodthatmay<br>be specified under contract or applicable law with respect to such termination,<br>includingany"gardenleave"orsimilarperiod,exceptasmayotherwisebepermitted<br>in the Company's sole discretion.<br>(ii)*Death*.If a Participant dies while employed by the Company or any subsidiary or<br>affiliated companiesduring anyapplicable vesting period, this Award shallbecome<br>fully vested,effective asof thedateof death, and shallbepaid asof the firstday of<br>the month following death to the designated beneficiary or beneficiaries, or to the<br>Participant's estate if no beneficiary is appropriately designated.<br>(iii)*Other Terminations.*If the voluntary termination of employment is prior to the third<br>anniversaryoftheGrantDate,allunvestedRestrictedStockUnits shallbeforfeited.<br>If, however, the Participant voluntarily terminates employment on or after the third<br>anniversary of the Grant Date, this Award shall fully vest, and be paid on each<br>tranche's respective Scheduled Vesting Date. If the termination of employment is<br>involuntaryattheinitiationoftheCompany,theAwardshallbefullyvestedandpaid<br>on each tranche's respective Scheduled Vesting Date, subject to the execution<br>(without revoking)of an effective general legal release. Notwithstanding the above,<br>thetermsofthisparagraph shallnotapplytoaParticipant who,priortoa Changeof<br>Control, is terminated for cause as described in (b)(i) above; said Participant shall<br>be treated as provided in (b)(i) above.In addition, if the provisions of the Plan<br>Section 11 (Change in Control) become operative they would over-ride the<br>provisions of this paragraph.<br>(iv)*Spin-offs and Other Divestitures.*If the termination of employment is due to the<br>divestiture,cessation,transfer,orspin-offofalineofbusinessorotheractivityofthe<br>Company, the Committee, in its sole discretion, shall determine the conversion,<br>vesting,orothertreatmentoftheseAwards.Suchtreatmentshallbe consistentwith<br>Code Section 409A, and in particular will take into account whether a separation<br>from service has occurred within the meaning of Code Section 409A.<br>|
| 3. | **<u>Dividend Equivalents</u>.** Any dividends or other distributions declared payable on the Company's Stock on or<br>after the Grant Date of this Award until the Award is settled and/orforfeited shall be credited notionally to the<br>Participant in an amount equal to such declared dividends or other distributions on an equivalent number of<br>shares of Stock ("Dividend Equivalents").Dividend Equivalents so credited shall be paid if, and only to the<br>extent, the underlying Restricted Stock Units to which they relate become unrestricted and vest, as provided<br>underthetermsof thePlan and thisAgreement.Dividend Equivalentscredited in respectto RestrictedStock<br>UnitsthatareforfeitedunderthetermsofthePlanandthisdocument,arecorrespondinglyforfeited.Nointerest<br>orotherearningsshallbecreditedonDividendEquivalents.VestedDividendEquivalentsshallbepaidincash<br>at the same time as the underlying Restricted Stock Units to which they relate.<br>|
| 4. | **<u>Settlement</u><u>of</u><u>Restricted</u><u>Stock</u><u>Units</u>.**Settlementshallbecompletedassoonasadministrativelypracticable<br>but in no event later than 30 days after the Expiration Date of the Restricted Period, except where such<br>settlement following a Section 409A Separation from Service requires a six-month delay. The Company will<br>provide for settlement in the form of shares of Stock.<br>|

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5.  **<u>Non-Transferability</u>** . The Restricted Stock Units may not be sold, assigned, pledged, exchanged, hypothecated, encumbered, disposed of, or otherwise transferred, unless otherwise provided in the Plan or this Agreement. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the Restricted Stock Units or of such rights contrary to the provisions hereof or in the Plan, the Restricted Stock Units and such rights shall immediately become null and void.

6.  **<u>Withholding of</u> <u>Tax</u>** . The Participant acknowledges that, regardless of any action taken by the Company or, if different, the subsidiary or affiliated company that employs the Participant (the "Employer"), the ultimate liability for all income tax, social contributions, payroll tax, fringe benefits tax, payment on account, hypothetical tax or other tax-related items related to the Participant's participation in the Plan and legally applicable to the Participant or deemed by the Company or the Employer in their discretion to be an appropriate charge to the Participant even if legally applicable to the Company or the Employer ("Tax-Related Items"), is and remains the Participant's responsibility and may exceed the amount actually withheld by the Company or the Employer, if any. The Participant further acknowledges that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including, but not limited to, the grant, vesting, the subsequent sale of shares of Stock acquired pursuant to such vesting and the receipt of any dividends; and (b) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Restricted Stock Units to reduce or eliminate the Participant's liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant is subject to Tax-Related Items in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, the Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to the relevant taxable or tax withholding event, as applicable, the Participant agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, unless otherwise approved by the Committee, the Company shall satisfy the obligations with regard to all Tax- Related Items by one or a combination of the following: (i) withholding from the Participant's wages or other cash compensation paid to the Participant by the Company and/or the Employer; (ii) withholding from the shares of Stock to be delivered upon settlement of the Restricted Stock Units or other awards granted to the Participant or (iii) permitting the Participant to tender to the Company cash or, if allowed by the Committee, shares of Stock. Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable statutory withholding rates (as determined by the Company in good faith and in its sole discretion) or other applicable withholding rates, including maximum applicable rates, in which case the Participant will receive a refund of any over-withheld amount and will have no entitlement to the share equivalent. If the obligation for Tax-Related Items is satisfied by withholding from the shares of Stock to be delivered upon vesting of the Restricted Stock Units, for tax purposes, the Participant is deemed to have been issued the full number of shares of Stock subject to the Restricted Stock Units, notwithstanding that a number of shares of Stock are held back solely for the purpose of paying the Tax-Related Items. The Participant will have no further rights with respect to any shares of Stock that are retained by the Company pursuant to this provision. The Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of the Participant's participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver shares of Stock or proceeds from the sale of shares of Stock until arrangements satisfactory to the Company have been made in connection with the Tax-Related Items.

7.  **<u>Restrictive</u> <u>Covenants;</u> <u>Confidential</u> <u>Information</u>** . The Participant agrees to cooperate with the Company in any way needed in order to comply with, or fulfill the terms of the Plan and this Award document. As a term and condition of this Award, Participant agrees to the following terms:

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| | |
|:---|:---|
|  | (a)I agree to use General Mills Confidential Information only as needed in the performance of my<br>duties, to holdand protect such informationas confidentialto the Company, andnot to engage in<br>anyunauthorizeduseordisclosureofsuchinformationforsolongassuchinformationqualifiesas<br>Confidential Information. I agree that aftermy employment with the Company terminates forany<br>reason,including "retirement"as that term isusedinthe Plan, I willnotuseordisclose, directlyor<br>indirectly,CompanyConfidentialInformationforanypurpose,unlessIgetthepriorwrittenconsent<br>of my manager to do so.<br>This document does not prevent me from filing a complaint with a government agency (including<br>theSecuritiesandExchange Commission, DepartmentofJustice,EqualEmploymentOpportunity<br>Commissionand others) or from participating inanagencyproceeding. Thisdocumentalso does<br>not prevent me from providing an agency with information, including this document, unless such<br>information is legally protected from disclosure to third parties.I do not need prior company<br>authorization to take these actions, nor must I notify the company I have done so.<br>Also,asprovidedin18U.S.C.1833(b),Icannotbeheldcriminallyorcivillyliableunderanyfederal<br>orstate trade secretlawformakingatradesecretdisclosure: (A)in confidencetoafederal, state,<br>or localgovernmentofficial, either directlyor indirectly,or toanattorney, solely forthepurpose of<br>reportingorinvestigatingasuspectedviolationoflaw;or(B)inacomplaintorotherdocumentfiled<br>in a lawsuit or other proceeding, if such filing is made under seal.<br>GeneralMills ConfidentialInformationmeans any non-public information I create, receive, use or<br>observe in the performance of my job at General Mills.Examples of Confidential Information<br>include marketing, merchandising, business plans, business methods, pricing, purchasing,<br>licensing, contracts, employee, supplier or customer information, financial data, technological<br>developments, manufacturing processes and specifications, product formulas, ingredient<br>specifications, software code, and all other proprietary information which is not publicly available<br>to others.<br>Prior to leaving the Company, I agree to return all materials in my possession containing<br>Confidential Information, as well as all other documents and other tangible items provided to me<br>by General Mills, or developed by me in connection with my employment with the Company.<br>(b)[This Section 7.b. does not apply to California, Colorado, Minnesota, and Washington - based<br>employees.] I agree that for one year after I leave the Company, including retiring from the<br>Company, I will not work on any product, brand category, process, or service: (A) on which I<br>worked,oraboutwhichIhadaccesstoConfidentialInformation,intheyearimmediatelypreceding<br>my termination (including retirement) from General Mills, and (B) which competes with General<br>Mills products, brand categories, processes, or related services.<br>(c)I agree that for one year after I leave General Mills, including retiring from the Company, I will<br>refrain from directly or indirectly soliciting Company employees for the purpose of hiring them or<br>inducing them to leave their employment with the Company.<br>(d)IagreethatafterIleaveGeneralMills,includingretiringfromtheCompany,Iwillindefinitelyrefrain<br>from using Company client or contact lists, and for two years I will refrain from soliciting the<br>Company's customers.<br>A breach of the obligations set forth in this paragraph may result in the rescission of the Award, termination<br>andforfeitureofanyunvestedUnits,and/orrequiredpaymenttotheCompanyofalloraportionofanymonetary<br>gainsacquiredbytheParticipantasaresultoftheAward,unlesstheAwardvestedand wassettledmorethan<br>four(4)yearspriortothe breach.The foregoing remedies are inaddition to, andnot in lieu of injunctive relief<br>and/or any other legal or equitable remedies available under applicable law.<br>|
| 8. | **<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheRestrictedStockUnits,theParticipantacknowledgesandagreesthat: |

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(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be

modified, amended, suspended or terminated by the Company, in its sole discretion, at any

time (subject to any limitations set forth in the Plan);

(b)the grant of the Restricted Stock Units is voluntary and occasional and does not create any

contractualorotherright to receivefuturegrantsof restricted stock units, orbenefits in lieuof

restricted stock units, even if restricted stock units or otherawards have been granted in the

past;

(c)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;

(d)theParticipant'sparticipationinthePlanisvoluntary;

(e)theRestrictedStockUnitsandtheParticipant'sparticipationinthePlanshallnotcreatearight

toemploymentorbe interpretedasforminganemploymentcontract withtheCompanyorany

ofitsSubsidiariesoraffiliatedcompaniesandshallnotinterferewiththeabilityoftheCompany

or the Employer, as applicable, to terminate the Participant's employment relationship (as

otherwise may be permitted under local law);

(f)unlessotherwiseagreedwiththeCompany,theRestrictedStockUnitsandanysharesofStock

acquiredupon vesting ofthe Restricted StockUnits,and the income fromand value of same,

are not granted as consideration for, or in connection with, any service the Participant may

provide as a director of any subsidiary or affiliate of the Company;

(g)the Restricted Stock Units and any shares of Stock acquired under the Plan and the income

andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating

any severance, resignation, termination, redundancy, dismissal, end-of-service payments,

bonuses, long-service awards, pension or retirement or welfare benefits or similar payments

and in no event should be considered as compensation for, or relating in any way to, past

services for the Company, the Employer or any subsidiary or affiliate of the Company;

(h)the future value of the shares of Stock underlying the Restricted Stock Units is unknown,

indeterminable, and cannot be predicted with certainty;

(i)uponvestingof theRestricted StockUnits, thevalueofsuch sharesofStockmay increaseor

decrease in value;

(j)noclaimorentitlementtocompensationordamagesshallarisefromforfeitureoftheRestricted

Stock Units resulting from termination of the Participant's employment (for any reason

whatsoever and whether or not in breach of local labor laws or later found invalid) and, in

consideration of the Restricted Stock Units, the Participant agrees not to institute any claim

against the Company or the Employer;

(k)the Restricted Stock Units and the benefits evidenced by this Agreement do not create any

entitlement not otherwise specifically provided for in the Plan or provided by the Company in

its discretion, to have the Restricted Stock Units or any such benefits transferred to, or

assumed by, another company, nor to be exchanged, cashed out or substituted for, in

connection with any corporate transaction affecting the shares of Stock; and

(l) neitherthe Company norany of itsSubsidiaries oraffiliated companies shall be liable forany

foreign exchange rate fluctuation between the Participant's local currency and theU.S. dollar

that may affect the value of the Restricted Stock Units orany amounts due to theParticipant

pursuant to the vesting of the Restricted Stock Units or the subsequent sale of any shares of

Stock acquired upon vesting of the Restricted Stock Units.

9.<u>Data Privacy</u>. *If the Participant would like to participate in the Plan, the Participant will need to review the*

*informationprovidedinthisSection9and,whereapplicable,declaretheParticipant'sconsenttotheprocessing*

*of personal data by the Company and the third parties stated below.*

*IftheParticipantisbasedintheEuropeanUnion("EU"),EuropeanEconomicArea("EEA")orUnitedKingdom,*

*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*

*55426-1347, U.S.A., is the controller responsible for the processing of the Participant's personal data in*

*connection with the Agreement and the Plan.*

*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheParticipant,specifically,theParticipant'sname,home*

*addressandtelephonenumber,emailaddress,dateofbirth,socialinsurance,passportnumberor*

*other identification number, salary, nationality, job title, any shares of Stock or directorships held*

*in the Company or any affiliated company, details of all Restricted Stock Units or any other*

*entitlement to shares of Stock awarded, canceled, exercised, settled, vested, unvested or*

*outstanding in the Participant's favor, which the Company receives from the Participant or the*

*Employer (the "Data"). The Company collects, processes and uses the Data for the purposes of*

*performing its contractual obligations under this Agreement, implementing, administering and*

*managing theParticipant'sparticipation in thePlanand facilitating compliance withapplicable tax*

*and securities law.*

*If theParticipant isbased in theEU,EEAorUnitedKingdom,the legalbasisfortheprocessingof*

*the Data by the Company is the necessity of the processing for the Company to perform its*

*contractualobligationsunderthisAgreementandthePlanandtheCompany'slegitimatebusiness*

*interests of managing the Plan, administering employee equity awards and complying with its*

*contractual and statutory obligations.*

*IftheParticipantisbasedinanyotherjurisdiction,thelegalbasisfortheprocessingoftheDataby*

*the Company is the Participant's consent as further described below.*

(b)*<u>Stock</u><u>Plan</u><u>Administration</u><u>Service</u><u>Providers</u>.The CompanytransfersData to E\*TRADE Financial*

*CorporateServices,Inc.(includingitsaffiliatedcompanies),anindependentserviceproviderwhich*

*assiststheCompanywiththeimplementation,administrationandmanagementofthePlan.Inthe*

*future, the Company may select a different service provider, which will in a similarmanner, share*

*Data with such service provider. The Company's service providerwillmaintain anaccount forthe*

*ParticipanttoadministertheRestrictedStockUnits.TheprocessingofDatawilltakeplacethrough*

*both electronic and non-electronic means. Data will only be accessible by those individuals*

*requiring access to it for purposes of implementing, administering and operating the Plan.*

(c)*<u>International Data Transfers</u>. The Company and its service providers are based in the United*

*StatesandIndia.TheParticipant'scountryorjurisdictionmayhavedifferentdataprivacylawsand*

*protections than the United States and India. An appropriate level of protection can be achieved*

*by implementing safeguards such as the Standard Contractual Clauses adopted by the EU*

*Commission.*

*IftheParticipantisbasedinanyotherjurisdiction,theDatawillbetransferredfromtheParticipant's*

*jurisdiction to the Company and onward from the Company to any of its service providers based*

*on the Participant's consent, as further described below.*

(d)*<u>Data</u><u>Retention</u>.TheCompanywillusetheDataonlyaslongasnecessarytoimplement,administer*

*and manage the Participant's participation in the Plan, or as required to comply with legal or*

*regulatoryobligations,includingtaxand securities laws.When theCompanyno longerneedsthe*

*Data,theCompany willremoveitfromitssystems.IftheCompanykeepsdata longer,itwouldbe*

*to satisfy legalorregulatory obligations andthe Company's legalbasis would be relevant laws or*

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|:---|:---|
|  | *regulations (ifthe Participant is inthe EU, EEAorUnitedKingdom)orthe Participant's consent (if* <br>*the Participant is outside the EU, EEA or United Kingdom).*<br>(e)*<u>Data Subject Rights</u>. The Participant may have a numberof rights underdata privacy laws in the*<br>*Participant's jurisdiction. Subject to the conditions setout in the applicable lawand depending on*<br>*wheretheParticipantisbased,suchrights mayincludethe rightto(i)requestaccess to,orcopies*<br>*of,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,(iii)deletionofData,(iv)*<br>*restrictions on theprocessingof Data, (v)object to theprocessingof Dataforlegitimate interests,*<br>*(vi) portability of Data, (vii) lodge complaints with competent authorities in the Participant's*<br>*jurisdiction, and/orto (viii) receive a list with the names and addresses of any potentialrecipients*<br>*of Data. To receive clarification regarding these rights or to exercise these rights, the Participant*<br>*can contact HR Direct.*<br>(f)*<u>Necessary Disclosure</u><u>of</u><u>Personal</u><u>Data</u>. The Participantunderstands thatprovidingtheCompany*<br>*with Data is necessary forthe performance of the Agreementand that the Participant's refusal to*<br>*provide the Data would make it impossible for the Companyto performitscontractualobligations*<br>*and may affect the Participant's ability to participate in the Plan.*<br>(g)*<u>Declaration of Consent (if the Participant is outside the EU, EEA and United Kingdom)</u>. The*<br>*Participant hereby unambiguously consents to the collection, use and transfer, in electronic or*<br>*other form, of the Data, as described above and in any other grant materials, by and among, as*<br>*applicable, the Employer, the Company and any affiliated company for the exclusive purpose of*<br>*implementing, administering and managing the Participant's participation in the Plan. The*<br>*Participant understands that the Participant may, at any time, refuse or withdraw the consents*<br>*herein, in any case without cost, by contacting HR Direct.If the Participant does not consent or*<br>*laterseekstorevoketheParticipant'sconsent,theParticipant'semploymentstatusorservicewith*<br>*theEmployerwillnotbeaffected;theParticipant'sconsequenceofrefusingorwithdrawingconsent*<br>*isthattheCompanywouldnotbeabletoawardtheParticipantRestrictedStockUnitsoranyother*<br>*equity award to the Participant oradministeror maintain suchawards.Therefore,theParticipant*<br>*understandsthat refusing orwithdrawing consent mayaffect theParticipant'sabilityto participate*<br>*in the Plan. For more information on the consequences of refusal to consent or withdrawal of*<br>*consent, the Participant should contact HR Direct.*<br>|
| 10. | **<u>Clawback</u>**.ThisAwardisspecifically madesubjecttotheCompany'sExecutiveCompensationClawback <br>Policies.<br>|
| 11. | **<u>Insider</u><u>Trading; Market</u><u>Abuse Laws</u>**. By participating in the Plan, theParticipant agrees to comply with the<br>Company'spolicyoninsidertrading (totheextentthatitisapplicabletotheParticipant),theParticipantfurther<br>acknowledges that, depending on the Participant's or his or her broker's country of residence or where the<br>shares of Stock are listed, the Participant may be subject to insider trading restrictions and/or market abuse<br>laws that may affect the Participant's ability to accept, acquire, sell or otherwise dispose of shares of Stock,<br>rightstosharesofStock(e.g.,restrictedstockunits)orrightslinkedtothevalueofsharesofStock,duringsuch<br>times theParticipantis consideredtohave"inside information"regarding theCompanyasdefinedbythe laws<br>or regulations in the Participant's country. Local insider trading laws and regulations may prohibit the<br>cancellation or amendment of orders the Participant places before he or she possessed inside information.<br>Furthermore, the Participant could be prohibited from (i)disclosing the inside information to any third party<br>(other than on a "need to know" basis) and (ii) "tipping" third parties or causing them otherwise to buy or sell<br>securities.TheParticipantunderstandsthatthirdparties includefellowemployees.Anyrestrictionunderthese<br>laws or regulations are separate from and in addition to any restrictions that may be imposed under any<br>applicable Company insider trading policy. The Participant acknowledges that it is the Participant's<br>responsibility to comply with any applicable restrictions, and that the Participant should therefore consult the<br>Participant's personal advisor on this matter.<br>|
| 12. | **<u>Electronic Delivery</u>**. The Participant agrees, to the fullest extent permitted by law, in lieu of receiving<br>documents in paper format, to accept electronic delivery of any documents that the Company and its<br>Subsidiariesoraffiliatedcompaniesmaydeliverinconnectionwiththisgrantandanyothergrantsofferedby<br>|

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|:---|:---|
|  | theCompany,includingprospectuses,grantnotifications,accountstatements,annualorquarterlyreports,and<br>othercommunications.Electronicdeliveryofadocumentmaybemadeviathe Company'semail systemorby<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Participant hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 13. | **<u>English Language</u>**. The Participant acknowledges and agrees that it is the Participant's express intent that<br>this Agreement and the Plan and all other documents, notices and legal proceedings entered into, given or<br>institutedpursuanttotheRestrictedStockUnitsbedrawnupinEnglish.TotheextenttheParticipanthasbeen<br>providedwitha copy of thisAgreement,thePlan,oranyotherdocumentsrelating to this Award ina language<br>other than English, the English language documents willprevail in case of any ambiguities ordivergences as<br>a result of translation.<br>|
| 14. | **<u>Addendum.</u>** Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be subject to<br>any special terms and conditions set forth in the Country-Specific Addendum to this Agreement (the<br>"Addendum"). Moreover, if the Participant transfers to one of the countries included in such Addendum, the<br>special terms and conditions for such country will apply to the Participant, to the extent the Company<br>determinesthattheapplicationofsuchtermsandconditionsisnecessaryoradvisabletocomplywithlocallaw<br>or facilitate the administration of the Plan (orthe Companymay establish alternative terms and conditions as<br>may benecessary oradvisable toaccommodate theParticipant'stransfer). The Addendum constitutespartof<br>this Agreement.<br>|
| 15. | **<u>Not a Public Offering</u>**. The award of the Restricted Stock Units is not intended to be a public offering of<br>securities in the Participant's country of employment (or country of residence, if different). The Company has<br>notsubmittedanyregistrationstatement,prospectusorotherfilingswiththelocalsecuritiesauthorities(unless<br>otherwiserequiredunderlocallaw),andtheawardoftheRestrictedStockUnitsisnotsubjecttothesupervision<br>ofthelocalsecuritiesauthorities.*NoemployeeoftheCompanyoranyofitsSubsidiariesoraffiliatedcompanies*<br>*is permitted to advise the Participant on whether he/she should participate in the Plan. Acquiring shares of*<br>*Stock involves a degree of risk. Before deciding to participate in the Plan, the Participant should carefully*<br>*considerallrisk factors relevant to theacquisitionof shares of StockunderthePlan andcarefully reviewallof*<br>*thematerialsrelatedtothe RestrictedStock UnitsandthePlan.Inaddition,theParticipantshouldconsult with*<br>*his/her personal advisor for professional investment advice.*<br>|
| 16. | **<u>Repatriation; Compliance with Law.</u>**The Participant agrees to repatriate all payments attributable to the<br>sharesofStockand/orcashacquiredunderthePlaninaccordancewithapplicableforeignexchangerulesand<br>regulations in the Participant's country of employment (and country of residence, if different). In addition, the<br>Participant agrees to take any and all actions, and consent to any and all actions taken by the Company and<br>any of its Subsidiaries and affiliated companies, as may be required to allow the Company and any of its<br>Subsidiaries and affiliated companies to comply with local laws, rules and/or regulations in the Participant's<br>country of employment (and country of residence, if different). Finally, the Participant agrees to take any and<br>all actions as may be required to comply with the Participant's personal obligations under local laws, rules<br>and/or regulations in the Participant's country of employment and country of residence, if different).<br>|
| 17. | **<u>Imposition of Other Requirements.</u>**The Company reserves the right to impose other requirements on the<br>Participant'sparticipationinthePlan,ontheRestrictedStockUnits,andonanysharesofStockacquiredunder<br>thePlan,totheextenttheCompanydeterminesitisnecessaryoradvisableforlegaloradministrativereasons,<br>and to require the Participant to sign any additional agreements or undertakings that may be necessary to<br>accomplish the foregoing.<br>|
| 18. | **<u>Committee's</u><u>Powers</u>.**NoprovisioncontainedinthisAgreementshallinanywayterminate,modifyoralter,or<br>be construed or interpreted as terminating, modifying oraltering any of the powers, rights orauthority vested<br>intheCommitteeor,totheextent delegated,initsdelegate,pursuanttothetermsofthePlanorresolutions<br>adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and<br>electionswithrespecttotheRestrictedStockUnits.AnydisputeregardingtheinterpretationofthisAgreement<br>|

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|  | or the terms of the Plan shallbe submitted to the Committee or its delegate who shallhave the discretionary<br>authority to construe the terms of this Agreement, the Plan, and all documents ancillary to this Award.The<br>decisions of the Committee or its delegate shall be final and binding and any reviewing court of law or other<br>party shall defer to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended<br>that this review standard subject the Plan orAward to the U.S. Employee Retirement Income Security Act**.**<br>|
| 19. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe <br>Company and all persons lawfully claiming under the Participant.<br>|
| 20. | **<u>Governing Law and Forum</u>**. Without limiting the effect of section 17, this Agreement shall be governed by,<br>and construed in accordance with, the lawsof the State of Delaware without regard to principlesof conflict of<br>laws.<br>|
| 21. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 22. | **<u>Waiver</u>**. The waiverby the Company with respect to Employee's (orany other participant's) compliance with<br>any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this<br>Agreement, or of any subsequent breach by such party of a provision of this Agreement.<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableon G&Me<br>bysearching"2022StockCompensationPlan".AcopyoftheCompany'slatestAnnualReporton Form10-Kisalso <br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports. | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableon G&Me<br>bysearching"2022StockCompensationPlan".AcopyoftheCompany'slatestAnnualReporton Form10-Kisalso <br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports. |

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**GENERALMILLS,INC.**

**GENERALMILLS,INC.**

**STOCKOPTIONAWARDAGREEMENT**

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| | | |
|:---|:---|:---|
| **OPTIONEE:** | **OPTIONEE:** | [CEO] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **This Award is made under the General Mills, Inc. 2022 Stock CompensationPlan(the "Plan"), and is subjectto**<br>**the terms and conditions contained in the Plan document and this Stock Option Award Agreement**<br>**("Agreement").TheOptionee:(i)acknowledgesreceiptofacopyofthePlanandPlanprospectus,(ii)represents**<br>**that the Optionee hascarefullyread andis familiarwith the provisions ofthis Agreementand the Plan, and (iii)**<br>**herebyaccepts the Stock Option subject to all of the terms and conditions set forth herein, and in the Plan.If**<br>**the Optionee does not wish to receive the Stock Option and/or does not consent and agree to the terms and**<br>**conditions onwhich theStock Option is offered,assetforth in this Agreementand the Plan, then the Optionee**<br>**mustrejectthis Awardvia thewebsite ofthe Company's designatedbroker,nolater than60 days followingthe**<br>**Grant Date.If the Optionee rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Optionee'sexerciseofthisAwardwillalsoconstitutetheOptionee'sacceptanceofthisAwardandalltermsand**<br>**conditions of this Award, as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock CompensationPlan(the "Plan"), and is subjectto**<br>**the terms and conditions contained in the Plan document and this Stock Option Award Agreement**<br>**("Agreement").TheOptionee:(i)acknowledgesreceiptofacopyofthePlanandPlanprospectus,(ii)represents**<br>**that the Optionee hascarefullyread andis familiarwith the provisions ofthis Agreementand the Plan, and (iii)**<br>**herebyaccepts the Stock Option subject to all of the terms and conditions set forth herein, and in the Plan.If**<br>**the Optionee does not wish to receive the Stock Option and/or does not consent and agree to the terms and**<br>**conditions onwhich theStock Option is offered,assetforth in this Agreementand the Plan, then the Optionee**<br>**mustrejectthis Awardvia thewebsite ofthe Company's designatedbroker,nolater than60 days followingthe**<br>**Grant Date.If the Optionee rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Optionee'sexerciseofthisAwardwillalsoconstitutetheOptionee'sacceptanceofthisAwardandalltermsand**<br>**conditions of this Award, as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock CompensationPlan(the "Plan"), and is subjectto**<br>**the terms and conditions contained in the Plan document and this Stock Option Award Agreement**<br>**("Agreement").TheOptionee:(i)acknowledgesreceiptofacopyofthePlanandPlanprospectus,(ii)represents**<br>**that the Optionee hascarefullyread andis familiarwith the provisions ofthis Agreementand the Plan, and (iii)**<br>**herebyaccepts the Stock Option subject to all of the terms and conditions set forth herein, and in the Plan.If**<br>**the Optionee does not wish to receive the Stock Option and/or does not consent and agree to the terms and**<br>**conditions onwhich theStock Option is offered,assetforth in this Agreementand the Plan, then the Optionee**<br>**mustrejectthis Awardvia thewebsite ofthe Company's designatedbroker,nolater than60 days followingthe**<br>**Grant Date.If the Optionee rejects this Award, this Award will immediately be forfeited and cancelled.The**<br>**Optionee'sexerciseofthisAwardwillalsoconstitutetheOptionee'sacceptanceofthisAwardandalltermsand**<br>**conditions of this Award, as set forth in this Agreement and the Plan.** |
| **THISAWARD,datedon thebelowGrantDate,ismadeby GeneralMills,Inc.,(the"Company"),andmadetothe** <br>**person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THISAWARD,datedon thebelowGrantDate,ismadeby GeneralMills,Inc.,(the"Company"),andmadetothe** <br>**person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THISAWARD,datedon thebelowGrantDate,ismadeby GeneralMills,Inc.,(the"Company"),andmadetothe** <br>**person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award of Stock Option</u>**. The Company grants to the Optionee under the Plan the following non-qualified option to<br>purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option granted<br>pursuant to this Agreement is referred to asthe "StockOption"and subject to theterms in this Agreement.Exceptas<br>otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan. | **<u>Award of Stock Option</u>**. The Company grants to the Optionee under the Plan the following non-qualified option to<br>purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option granted<br>pursuant to this Agreement is referred to asthe "StockOption"and subject to theterms in this Agreement.Exceptas<br>otherwise defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan. |
|  | **GrantDate:** |  |
|  | **ExpirationDate:** |  |
|  | **OptionShares:** |  |
| **ExercisePricepershare:** | **ExercisePricepershare:** | **ExercisePricepershare:** |
|  | **TypeofStockOption:** |  |
| 2. | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u><u>Forfeiture of</u><u>Stock</u><u>Option.</u>** | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u><u>Forfeiture of</u><u>Stock</u><u>Option.</u>** |
|  | (a)**Vesting Schedule**. The Stock Option shall vest and become exercisable in tranches, each tranche having<br>its own 12 month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**Forfeiture of Stock Option**. The Optionee acknowledges that the Stock Options granted hereunder are<br>subject to forfeiture, and/or limited exercise period, if the Optionee's employmentwith the Company or any<br>Subsidiary terminates under certain circumstances, as herein provided. | (a)**Vesting Schedule**. The Stock Option shall vest and become exercisable in tranches, each tranche having<br>its own 12 month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>**<br>(b)**Forfeiture of Stock Option**. The Optionee acknowledges that the Stock Options granted hereunder are<br>subject to forfeiture, and/or limited exercise period, if the Optionee's employmentwith the Company or any<br>Subsidiary terminates under certain circumstances, as herein provided. |

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(i)*TerminationforCause.*If the Optionee'semployment with the Company is terminatedatany time prior

to the Expiration Date by a discharge due to Optionee's illegal activities, poor work performance,

misconduct orviolationofthe Company's Code of Conduct, policiesorpractices, then,totheextentthe

StockOptionisvestedasoftheTerminationDate,thosetranchesshallexpirethree(3)monthsafterthe

TerminationDate(butinnoeventbeyondtheExpirationDate);and,ifandtotheextenttheStockOption

is not fully vested as of the Termination Date, tranches not fully vested shall for no consideration be

cancelled and forfeited immediately with no ability to be exercised. For the avoidance of doubt,

"Termination Date" for purposes of this Award will be deemed to occur as of the date Optionee is no

longeractively providing services as an employee, unless otherwise determined by the Company in its

sole discretion, and no vesting shall continue during any notice period that may be specified under

contractorapplicablelawwithrespecttosuchtermination,includingany"gardenleave"orsimilarperiod,

except as may otherwise be permitted in the Company's sole discretion.

(ii)*Involuntary Termination/Early Retirement.* If the Optionee's employment by the Company terminates

involuntarily at the initiation of the Company for any reason other than specified in Plan Section 11, or

(i),(iv)or(v)herein,and(A)if,andtotheextent,theAward'stranchesarealreadyvestedandexercisable

ontheTerminationDate,theyshallremainexercisableforthelesserofone(1)yearfromtheTermination

Date, or until the Expiration Date; and (B) if, and to the extent, tranches of the Award are not vested,

solely the unvested tranche of the Award with a Scheduled Date Exercisable within 12 months of the

Termination Date shall vestandbecomeexercisable asof the Termination Date, inanamountequalto

the pro-rata amount based on actual employment completed during the tranche's 12 month vesting

period, with such newly-exercisable Stock Options remaining exercisable for one (1) year from the

Termination Date.Stock Options that do not become vested and exercisable based on the previous

provisions shall be forfeited as of the Termination Date. No Stock Options shall vest upon involuntary

termination under this provision without the execution (without revoking) of an effective general legal

releaseandsuchotherdocumentsasaresatisfactorytotheCompany.IftheOptioneeretiresonorafter

age 55 butbefore age62, theprovisionsof thisparagraphshall applyexceptanyvestedStock Options

as of the Termination Date shall remain exercisable until the Expiration Date.

(iii)*Death.*Ifan Optioneedieswhileemployed with the CompanyoranySubsidiary oraffiliated companies

during any applicable vesting period, this Award shall become fully vested and exercisable upon death

and may be exercised by the person designated as such Optionee's beneficiary or beneficiaries or, in

the absence of such designation, by the Optionee's estate. The Stock Option shall remain exercisable

until the Expiration Date.

(iv)*Normal Retirement.*If the termination of employment is due to retirement on or after age 62, this

Award's tranches shallcontinue to vest and become exercisable on each respective Scheduled Date

Exercisable, remaining exercisable until the Expiration Date. Notwithstanding the above, if the

Termination Date is within twelve months of the Grant Date, the Award shall vest on a pro rata basis

based on employment completed from Grant Date to the Termination Date within the first year after

Grant Date and shall be exercisable until the Expiration Date beginning on the Scheduled Date

Exercisableforthetranche to whichtheoptionbelongs. StockOptionsthatdonotbecomevested and

exercisable based on the previous provisions shall be forfeited as of the Termination Date.

(v)*Spin-offs and Other Divestitures.*If the termination of employment is due to the divestiture, cessation,

transfer, or spin-off of a line of business or other activity of the Company, the Committee, in its sole

discretion, shall determine the conversion, vesting, or other treatment of the Stock Option.

3.**<u>Exercise of</u><u>the</u><u>Option.</u>**

(a)**MethodofExercise**.OptioneemayexercisethevestedportionoftheStockOption(providedtheFairMarket

Value of the shares of Common Stock exercised exceeds theexercise price)priorto the Expiration Dateof

theStockOptionbydeliveringanoticeofexerciseinsuchformasmaybedesignatedbythe Companyfrom

time to time, or making the required electronic election with the Company's designated broker, and paying

the exercise price and anyTax-Related Items (as definedin section 5 below) and costs to theCompany's

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|:---|:---|
|  | stockplanadministratororsuchotherpersonas the Companymaydesignate, togetherwithsuchadditional <br>documents as the Company may then require pursuant to the terms of the Plan.<br>(b)**Method of Payment**. Payment of the exercise price may be made by one of the methods available under<br>the Company's exercise procedures, which may include:<br>(i)Paymentbycashor check.<br>(ii)PaymentbytransfertotheCompanyofwholesharesofCommonStockOptioneealreadyownshaving<br>aFairMarketValuedeterminedatthetimeofexerciseoftheStockOptionequalto,butnotexceeding,<br>the exercise price and any Tax-Related Items; and<br>(iii)A "samedaysale"transactionpursuanttowhichathirdparty(engagedby youorthe Company)loans<br>fundstoyoutoenableyoutopurchasesharesofCommonStockandpayanyTax-RelatedItems,and<br>then sells asufficientnumberof theexercised sharesofCommonStock on yourbehalf to enable you<br>torepaytheloanandanyfees.TheremainingsharesofCommonStockand/orcasharethendelivered<br>by the third party to the Optionee.<br>TheCompanymaysuspend,oreliminate,variousformsofpermissiblepaymentoftheexercisepricefromtime<br>totimeinitssolediscretion.Further,notwithstandinganyprovisionwithinthisAgreementtothecontrary,ifthe<br>Optionee is a resident orprovides services outside of the United States, the Committee may require that the<br>Optionee(orintheeventoftheOptionee'sdeath,hisorherlegalrepresentative,asthecasemaybe)exercise<br>the Stock Option in a method other than as specified above, may require the Optionee to exercise the Stock<br>Option only by means of a "same day sale" transaction (either a "sell-all" transaction or a "sell-to-cover"<br>transaction)as itdetermines in its sole discretion,ormay require theOptioneeto sell any shares of Common<br>Stock the Optionee acquires under the Plan immediately or within a specified period following the Optionee's<br>termination of employment with the Company or any Subsidiary or affiliated companies (in which case, the<br>OptioneeherebyagreesthattheCompanyshallhavetheauthoritytoissuesaleinstructionsinrelationtosuch<br>shares on the Optionee's behalf).<br>(c)**ResponsibilityforExercise.**TheOptionee isresponsiblefortakinganyandall actionsasmayberequired<br>to exercise theStock Option in a timelymannerand forproperly executing any such documentsasmaybe<br>requiredforexerciseinaccordancewithsuchrulesandproceduresasmaybeestablishedfromtimetotime.<br>TheOptioneeacknowledgesthat information regardingtheproceduresand requirementsfortheexerciseof<br>theStockOptionisavailabletotheOptioneeonrequest.<u>Neither</u><u>the</u><u>Company</u><u>nor</u><u>any</u><u>Subsidiary</u><u>or</u><u>affiliated</u><br><u>companies shall have any duty or obligation to notify you of the Expiration Date of the Option.</u><br>|
| 4. | **<u>Non-Transferability</u>.** The StockOptionmaynot be sold,assigned,pledged, exchanged,hypothecated,encumbered,<br>disposed of, orotherwise transferred, unless otherwise provided in the Plan orthis Agreement.Upon any attempt to<br>transfer, assign, pledge, hypothecate or otherwise dispose of the Stock Option or of such rights contrary to the<br>provisions hereof or in the Plan, the Stock Option and such rights shall immediately become null and void.<br>|
| 5. | **<u>Withholding of</u><u>Tax</u>**.The Optioneeacknowledgesthat, regardlessofanyaction takenbythe Companyor, ifdifferent,<br>theSubsidiaryoraffiliatedcompanythatemploystheOptionee(the"Employer"),theultimateliabilityforallincometax,<br>social contributions, payroll tax, fringe benefits tax, payment on account, hypothetical tax or other tax-related items<br>relatedtotheOptionee'sparticipationinthePlanandlegallyapplicabletotheOptioneeordeemedbytheCompanyor<br>theEmployerin theirdiscretiontobean appropriate chargetothe Optioneeeven iflegally applicabletothe Company<br>or the Employer ("Tax-Related Items"), is and remains the Optionee's responsibility and may exceed the amount<br>actuallywithheldbytheCompanyortheEmployer,ifany.TheOptioneefurtheracknowledgesthattheCompanyand/or<br>the Employer (a)make no representations or undertakings regarding the treatment of any Tax-Related Items in<br>connection with any aspect of the Stock Option, including, but not limited to, the grant, vesting, exercise and the<br>subsequent sale of shares of Common Stock acquired pursuant to such vesting and exercise and the receipt of any<br>dividends;and(b)donotcommittoandareundernoobligationto structurethetermsofthegrantoranyaspectofthe<br>Stock Option to reduce or eliminate the Optionee's liability for Tax-Related Items or achieve any particular tax result.<br>Further, if the Optionee issubject to Tax-Related Itemsinmore than onejurisdiction between the Grant Date and the<br>|

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|  | date of any relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the Company<br>and/ortheEmployer (or formeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-RelatedItems<br>in more than one jurisdiction.<br>Prior to the relevant taxable or tax withholding event, as applicable, the Optionee agrees to make adequate<br>arrangements satisfactory tothe Companyand/ortheEmployerto satisfy allTax-RelatedItems. In this regard,unless<br>otherwise approved bythe Committee, the Company shallsatisfythe obligations with regard toall Tax-Related Items<br>by one ora combination of the following: (i) withholding from the Optionee's wages or other cash compensation paid<br>totheOptioneebytheCompanyand/ortheEmployer;(ii)withholdingfromthesharesofCommonStocktobedelivered<br>upon settlement of theStock Option orotherawardsgranted to theOptioneeor (iii) permitting the Optionee to tender<br>to the Company cash or, if allowed by the Committee, shares of Common Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering<br>applicable statutory withholding rates (asdetermined bythe Company in good faith and in its solediscretion)orother<br>applicable withholding rates, including maximum applicable rates, in which case the Optionee will receive a refund of<br>anyover-withheld amount and willhavenoentitlement to the share equivalent. If the obligation forTax-Related Items<br>is satisfied by withholding from the sharesof Common Stock to be delivered uponvesting of the Stock Option, fortax<br>purposes, the Optionee is deemed to have been issued the full number of shares of Common Stock subject to the<br>StockOption,notwithstandingthatanumberofsharesofCommonStockareheldbacksolelyforthepurposeofpaying<br>the Tax-Related Items. The Optionee willhave no furtherrights with respect to anysharesof Common Stock that are<br>retained by the Company pursuant to this provision.<br>The Optionee agrees to pay to the Company orthe Employerany amount of Tax-Related Items that the Company or<br>the Employer may be required to withhold or account for as a result of the Optionee's participation in the Plan that<br>cannotbesatisfiedbythemeanspreviouslydescribed.TheCompanymayrefusetoissueordeliversharesofCommon<br>Stock or proceeds from the sale of shares of Common Stock until arrangements satisfactory to the Company have<br>been made in connection with the Tax-Related Items.<br>|
| 6. | **<u>Restrictive Covenants;</u><u>Confidential Information</u>**. TheOptioneeagreestocooperate withthe Company inanyway <br>needed in order to comply with, or fulfill the terms of the Plan and this Grant document.As a term and condition of <br>this Grant, Optionee agrees to the following terms:<br>a.I agreetouse General Mills ConfidentialInformationonly asneeded intheperformance ofmyduties,<br>to hold and protect such information as confidential to the Company, and not to engage in any<br>unauthorized use or disclosure of such information for so long as such information qualifies as<br>Confidential Information. I agree that after my employment with the Company terminates for any<br>reason, including "retirement" as that term is used in the Plan, I will not use or disclose, directly or<br>indirectly, Company Confidential Information or trade secrets for any purpose, unless I get the prior<br>written consent of my manager to do so.<br>This document does not prevent me from filing a complaint with a government agency (including the<br>Securities and Exchange Commission, Department of Justice, Equal Employment Opportunity<br>Commissionand others)orfrom participating in an agency proceeding. This documentalsodoes not<br>prevent me from providing an agency with information, including this document, unless such<br>information is legally protected from disclosure to third parties.I do not need prior company<br>authorization to take these actions, nor must I notify the company I have done so.<br>Also,asprovidedin18 U.S.C.1833(b),I cannotbeheldcriminallyorcivilly liableunderanyfederalor<br>statetradesecretlawformakingatradesecretdisclosure:(A)inconfidencetoafederal,state,orlocal<br>governmentofficial,eitherdirectlyor indirectly, ortoan attorney, solelyfor thepurposeofreportingor<br>investigating a suspected violation of law;or(B)in a complaint orotherdocument filed in a lawsuitor<br>other proceeding, if such filing is made under seal.<br>General Mills Confidential Information means any non-public information I create, receive, use or<br>observeintheperformanceofmyjobatGeneralMills,includingtradesecrets.Examplesof<br>|

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|:---|:---|
|  | ConfidentialInformationincludemarketing,merchandising,businessplans,businessmethods,pricing,<br>purchasing, licensing, contracts, employee, supplier or customer information, financial data,<br>technologicaldevelopments,manufacturingprocessesandspecifications,productformulas,ingredient<br>specifications, software code, and all other proprietary information which is not publicly available to<br>others.<br>Priorto leaving the Company, Iagree to returnallmaterials in mypossession containing Confidential<br>Information,as well asall other documents and other tangible itemsprovidedtome by General Mills,<br>or developed byme in connection with my employment with the Company.<br>b.[*This Section 6.b. does not apply to California, Colorado, Minnesota, and Washington - based*<br>*employees.*]Iagree thatforone yearafterIleave the Company,including retiring fromthe Company,<br>I will not work on any product, brand category, process, or service: (A) on which I worked, or about<br>which I had access to Confidential Information, in the year immediately preceding my termination<br>(including retirement) from General Mills, and (B) which competeswith General Mills products,brand<br>categories, processes, or related services.<br>c.I agree that forone yearafter I leave General Mills, including retiring from the Company, I will refrain<br>fromdirectlyorindirectlysolicitingCompanyemployeesforthepurposeofhiringthemorinducingthem<br>to leave their employment with the Company.<br>d.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely refrain<br>fromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsolicitingtheCompany's<br>customers.<br>AbreachoftheobligationssetforthinthisparagraphmayresultintherescissionoftheGrant,terminationandforfeiture<br>of any unvested or un-exercised Options, and/or required payment to Company of all or a portion of any monetary<br>gains acquiredbyOptioneeasa resultoftheGrant,unlessthe Grantvestedand was settledmorethanfour(4)years<br>priortothebreach.Theforegoing remedies are inadditionto, and not in lieuof injunctive reliefand/oranyotherlegal<br>or equitable remedies available under applicable law<br>|
| 7. | **<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheStockOption,theOptioneeacknowledgesandagreesthat:<br>(a)thePlanisestablishedvoluntarilybytheCompany,itisdiscretionaryinnatureanditmaybemodified,<br>amended,suspendedorterminatedbythe Company, in itssolediscretion,atanytime(subject toany<br>limitations set forth in the Plan);<br>(b)thegrantoftheStockOption isvoluntaryandoccasional anddoesnot createanycontractualorother<br>right to receivefuturegrantsof stock options,orbenefits in lieu of stockoptions, even if stock options<br>or other awards have been granted in the past;<br>(c)alldecisionswith respectto futureawards,ifany,willbe atthesolediscretionofthe Company;<br>(d)theOptionee'sparticipationinthePlanis voluntary;<br>(e)theStockOptionandtheOptionee'sparticipationinthePlan shallnot createa righttoemploymentor<br>be interpreted as forming an employment contract with the Company or any of its Subsidiaries or<br>affiliated companies and shall not interfere with the ability of the Company or the Employer, as<br>applicable,toterminatetheOptionee'semploymentrelationship(asotherwisemaybepermittedunder<br>local law);<br>(f)unless otherwise agreed with the Company, the Stock Option and any shares of Common Stock<br>acquiredupon vesting and exerciseof the StockOption, andthe incomefromandvalue of same,are<br>not granted as consideration for, or in connection with, any service the Optionee may provide as a<br>director of any of any Subsidiary or affiliate of the Company;<br>|

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|:---|:---|
|  | (g)theStockOptionandanysharesofCommonStockacquiredunderthePlanandtheincomeandvalue<br>of same,arenotpartofnormal orexpected compensationforpurposesof calculatinganyseverance,<br>resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service<br>awards, pension or retirement or welfare benefits or similar payments and in no event should be<br>consideredascompensationfor,orrelatinginanywayto,pastservicesfortheCompany,theEmployer<br>or any Subsidiary or affiliate of the Company;<br>(h)thefuturevalueofthesharesofCommonStockunderlyingtheStockOptionisunknown, <br>indeterminable, and cannot be predicted with certainty;<br>(i)if theunderlying sharesof Common Stockdonotincrease invalue, theStockOption willhaveno <br>value;<br>(j)uponexerciseoftheStockOption,thevalueofsuchsharesofCommonStockmayincreaseor <br>decrease in value, even below the exercise price;<br>(k)no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock Option<br>resulting from termination of the Optionee's employment (for any reason whatsoever and whetheror<br>not in breach of local labor laws or later found invalid) and, in consideration of the Stock Option, the<br>Optionee agrees not to institute any claim against the Company or the Employer;<br>(l)the Stock Option and the benefits evidenced by this Agreement do not create any entitlement not<br>otherwisespecificallyprovidedforinthePlanorprovidedbytheCompanyinitsdiscretion,tohavethe<br>Stock Option or any such benefits transferred to, or assumed by, another company, nor to be<br>exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the<br>shares of Common Stock; and<br>(m)neitherthe Company norany of its Subsidiaries oraffiliated companies shallbe liable forany foreign<br>exchange rate fluctuation between the Optionee's local currency and the U.S. dollar that may affect<br>thevalueoftheStockOptionoranyamountsduetotheOptioneepursuanttotheexerciseoftheStock<br>Option or the subsequent sale of any shares of Common Stock acquired upon exercise of the Stock<br>Option.<br>|
| 8. | **<u>Data Privacy</u>**. *If the Optionee would like to participate in the Plan, the Optionee will need to review the information*<br>*providedinthisSection8and, whereapplicable,declaretheOptionee'sconsenttotheprocessingofpersonaldataby*<br>*the Company and the third parties stated below.*<br>*If the Optionee is based in the European Union ("EU"), European Economic Area ("EEA")or United Kingdom, please*<br>*note that General Mills, Inc. with registered address at One General Mills Boulevard, Minneapolis, MN 55426-1347,*<br>*U.S.A.,isthecontrollerresponsiblefortheprocessingoftheOptionee'spersonaldatainconnectionwiththeAgreement*<br>*and the Plan.*<br>*(a)<u>Data Collection</u><u>and Usage</u>. The Company collects, processes,uses and transferscertain personally-*<br>*identifiable information about the Optionee, specifically, the Optionee's name, home address and*<br>*telephone number, email address, date of birth, social insurance, passport number or other*<br>*identification number, salary, nationality, job title, any shares of Stock or directorships held in the*<br>*Company or any affiliated company, details of all Stock Options or any other entitlement to shares of*<br>*Stock awarded,canceled,exercised,settled, vested,unvestedoroutstandingin the Optionee's favor,*<br>*which the Company receives fromthe Optionee orthe Employer (the "Data"). The Company collects,*<br>*processes and uses the Data for the purposes of performing its contractual obligations under this*<br>*Agreement, implementing, administering and managing the Optionee's participation in the Plan and*<br>*facilitating compliance with applicable tax and securities law.*<br>*If the Optionee is based in the EU, EEA or United Kingdom, the legalbasis for the processing of the* <br>*DatabytheCompanyisthenecessityoftheprocessingfortheCompanytoperformitscontractual*<br>|

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*obligations under this Agreement and the Plan and the Company's legitimate business interests of*

*managing the Plan, administering employee equity awards and complying with its contractual and*

*statutory obligations.*

*If the Optionee is based in any other jurisdiction, the legalbasis for theprocessing of the Data by the*

*Company is the Optionee's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE Financial*

*Corporate Services, Inc. (including its affiliated companies), an independent service provider which*

*assists the Company with the implementation, administration and management of the Plan.In the*

*future,theCompanymayselectadifferentserviceprovider,whichwillinasimilarmanner,shareData*

*with such serviceprovider. TheCompany's service providerwillmaintainanaccount fortheOptionee*

*to administer the Stock Options. The processing of Data will take place through both electronic and*

*non-electronic means. Data will only be accessible by those individuals requiring access to it for*

*purposes of implementing, administering and operating the Plan.*

*(c)<u>International Data Transfers</u>. The Company and its service providers are based in the United States*

*and India. TheOptionee'scountry orjurisdiction mayhavedifferentdataprivacy laws and protections*

*than the United Statesand India. An appropriate levelof protection can be achieved byimplementing*

*safeguards such as the Standard Contractual Clauses adopted by the EU Commission.*

*If the Optionee is based in any other jurisdiction, the Data will be transferred from the Optionee's*

*jurisdictiontotheCompanyandonwardfromtheCompanytoanyofitsserviceprovidersbasedonthe*

*Optionee's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement, administer*

*and manage theOptionee'sparticipation in the Plan, oras required to comply withlegalorregulatory*

*obligations, including tax and securities laws.When the Company no longer needs the Data, the*

*Companywillremoveitfromitssystems.IftheCompanykeepsdatalonger,itwouldbetosatisfylegal*

*or regulatory obligations and the Company's legal basis would be relevant laws orregulations (if the*

*Optionee is in the EU, EEA or United Kingdom) or the Optionee's consent (if theOptionee is outside*

*the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Optionee may have a number of rights under data privacy laws in the*

*Optionee'sjurisdiction.Subjecttotheconditions setoutintheapplicablelawanddependingon where*

*theOptioneeisbased,suchrights mayincludethe rightto (i)requestaccessto,orcopiesof,the Data*

*processed bythe Company, (ii) rectificationof incorrect Data, (iii) deletion of Data, (iv) restrictionson*

*the processing of Data, (v) object to the processing of Data for legitimate interests, (vi) portability of*

*Data, (vii) lodge complaints with competent authorities in the Optionee's jurisdiction, and/or to (viii)*

*receivea listwith thenamesandaddressesofanypotentialrecipientsof Data. Toreceive clarification*

*regarding these rights or to exercise these rights, the Optionee can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Optionee understands that providing the Company with*

*DataisnecessaryfortheperformanceoftheAgreementandthattheOptionee'srefusaltoprovidethe*

*Data would make it impossible for the Company to perform its contractualobligations and may affect*

*the Optionee's ability to participate in the Plan.*

*(g)<u>Declaration of Consent (if the Optionee is outside the EU, EEA and United Kingdom)</u>. The Optionee*

*hereby unambiguously consents to the collection, use and transfer, in electronic orotherform, of the*

*Data,asdescribedaboveandinanyothergrantmaterials,byandamong,asapplicable,theEmployer,*

*theCompanyandanyaffiliatedcompanyfortheexclusivepurposeofimplementing,administeringand*

*managing the Optionee's participation in thePlan. The Optionee understands thattheOptionee may,*

*atanytime,refuseorwithdrawtheconsentsherein,inanycasewithoutcost,bycontacting HRDirect.*

*If the Optionee does not consent or later seeks to revoke the Optionee's consent, the Optionee's*

*employment status or service with the Employer will not be affected; the Optionee's consequence of*

*refusingorwithdrawing consent isthat theCompany wouldnotbeable to awardthe StockOptions to*

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|:---|:---|
|  | *the Optionee or any other equity award to the Optionee or administer or maintain such awards.*<br>*Therefore, the Optionee understands that refusing or withdrawing consent may affect the Optionee's*<br>*ability to participate in the Plan. For more information on the consequences of refusal to consent or*<br>*withdrawal of consent, the Optionee should contact HR Direct.*<br>|
| 9. | **<u>Insider</u><u>Trading;</u><u>Market</u><u>Abuse</u><u>Laws</u>**.ByparticipatinginthePlan,theOptioneeagreestocomplywiththeCompany's<br>policy on insider trading (to the extent that it is applicable to the Optionee), the Optionee further acknowledges that,<br>depending on the Optionee's or his or her broker's country of residence or where the shares of Common Stock are<br>listed, the Optionee may be subject to insider trading restrictions and/or market abuse laws that may affect the<br>Optionee'sabilitytoaccept,acquire,sellorotherwisedisposeofsharesofCommonStock,rightstosharesofCommon<br>Stock (e.g., stockoptions)orrights linkedto thevalueof sharesof Common Stock,during such times the Optionee is<br>consideredtohave"insideinformation"regardingtheCompanyasdefinedbythelaws orregulationsintheOptionee's<br>country.Localinsidertrading lawsand regulationsmayprohibit thecancellationoramendmentoforders theOptionee<br>placesbeforeheorshepossessedinsideinformation.Furthermore,theOptioneecouldbeprohibitedfrom(i)disclosing<br>theinsideinformationtoanythirdparty (otherthanona"need to know"basis)and(ii)"tipping"third parties orcausing<br>them otherwise to buy or sell securities. The Optionee understands that third parties include fellow employees. Any<br>restriction under these laws or regulations are separate from and in addition to any restrictions that may be imposed<br>underanyapplicableCompanyinsidertradingpolicy.TheOptioneeacknowledgesthatitistheOptionee'sresponsibility<br>to comply with any applicable restrictions, and that the Optionee should therefore consult the Optionee's personal<br>advisor on this matter<br>|
| 10.<br>11.<br>| **<u>Clawback</u>**.ThisAwardisspecificallymadesubjecttotheCompany'sExecutiveCompensationClawbackPolicies.<br>**<u>Electronic Delivery</u>**. The Optionee agrees, to the fullest extent permitted by law, in lieu of receiving documents in<br>paper format, to accept electronic delivery of any documents that the Company and its Subsidiaries or affiliated<br>companies may deliver in connection with this grant and any other grants offered by the Company, including<br>prospectuses, grant notifications, account statements, annual or quarterly reports, and other communications.<br>Electronic delivery of a document may bemade via the Company's email system or by reference to a location on the<br>Company's intranet or website or a website of the Company's agent administering the Plan. By accepting this grant,<br>whether electronically or otherwise, the Optionee hereby consents to participate in the Plan through such system,<br>intranet, or website, includingbutnot limitedto theuse ofelectronic signaturesor click-throughelectronic acceptance<br>of terms and conditions.<br>|
| 12. | **<u>English</u><u>Language</u>**.TheOptioneeacknowledgesandagreesthatitistheOptionee'sexpressintentthatthisAgreement<br>and the Plan and all otherdocuments, notices and legal proceedings entered into, given or instituted pursuant to the<br>StockOptionbedrawnupinEnglish.TotheextenttheOptioneehasbeenprovidedwithacopyofthisAgreement,the<br>Plan,oranyotherdocumentsrelatingtothisAwardinalanguageotherthanEnglish,theEnglishlanguagedocuments<br>will prevail in case of any ambiguities or divergences as a result of translation.<br>|
| 13. | **<u>Addendum</u>**. Notwithstandinganyprovisionsin thisAgreement, theStock Option shallbe subjecttoany specialterms<br>and conditions set forth in the Country-Specific Addendum to this Agreement (the "Addendum"). Moreover, if the<br>OptioneetransferstooneofthecountriesincludedinsuchAddendum,thespecialtermsandconditionsforsuchcountry<br>will apply to the Optionee, to the extent the Company determines that the application of such terms and conditions is<br>necessary or advisable to comply with local law or facilitate the administration of the Plan (or the Company may<br>establishalternativetermsandconditionsasmaybenecessaryoradvisabletoaccommodatetheOptionee'stransfer).<br>The Addendum constitutes part of this Agreement.<br>|
| 14. | **<u>Not a Public Offering</u>**. The award of the Stock Option is not intended to be a public offering of securities in the<br>Optionee's country of employment (or country of residence, if different). The Company has not submitted any<br>registration statement,prospectusorotherfilings with the localsecuritiesauthorities (unless otherwise requiredunder<br>local law), and the award of the Stock Option is not subject to the supervision of the local securities authorities. No<br>employee of the Company or any of its Subsidiaries or affiliated companies is permitted to advise the Optionee on<br>whether he/sheshouldparticipatein the Plan. Acquiringshares ofCommon Stockinvolves a degree ofrisk. Before<br>|

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|:---|:---|
|  | deciding to participate in the Plan, the Optionee should carefully consider allrisk factors relevant to the acquisition of<br>shares of Common Stock under the Plan and carefully review allof the materials related to the Stock Option and the<br>Plan. In addition, the Optionee should consult with his/her personal advisor for professional investment advice.<br>|
| 15. | **<u>Repatriation; Compliance with Law</u>**. The Optionee agrees to repatriate all payments attributable to the shares of<br>Common Stock and/or cash acquired under the Plan in accordance with applicable foreign exchange rules and<br>regulations in the Optionee's country of employment (and country of residence, ifdifferent). In addition, the Optionee<br>agreestotakeanyandallactions,andconsenttoanyandallactionstakenbytheCompanyandanyofitsSubsidiaries<br>andaffiliatedcompanies,asmayberequiredtoallowtheCompanyandanyofitsSubsidiariesandaffiliatedcompanies<br>to comply with locallaws,rulesand/orregulationsin the Optionee'scountryofemployment (and countryof residence,<br>if different). Finally, theOptionee agrees to takeany andallactions asmaybe requiredto comply with theOptionee's<br>personalobligationsunderlocallaws, rulesand/orregulationsintheOptionee'scountryofemploymentandcountryof<br>residence, if different).<br>|
| 16. | **<u>Imposition</u><u>of</u><u>Other</u><u>Requirements</u>.**TheCompanyreservestherighttoimposeotherrequirementsontheOptionee's<br>participation in the Plan, on the Stock Option, and on any shares of Common Stock acquired under the Plan, to the<br>extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the<br>Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.<br>|
| 17. | **<u>Committee's Powers</u>.** No provision contained in this Agreement shall in any way terminate, modify or alter, or be<br>construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the<br>Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions adopted in<br>furtheranceofthePlan,including,withoutlimitation,therighttomakecertaindeterminationsandelectionswithrespect<br>to the Stock Option. Any dispute regarding the interpretation of this Agreement or the terms of the Plan shall be<br>submitted to the Committee or its delegate who shall have the discretionary authority to construe the terms of this<br>Agreement, the Plan, andalldocuments ancillary to this Award.The decisions of the Committee or its delegate shall<br>be finaland bindingandany reviewing courtof laworotherparty shall deferto itsdecision,overruling if, and only if, it<br>is arbitrary and capricious. In no way is it intended that this review standard subject the Plan or Award to the U.S.<br>Employee Retirement Income Security Act.<br>|
| 18. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponand inuretothebenefitofany successors tothe Companyand <br>all persons lawfully claiming under the Optionee.<br>|
| 19. | **<u>Governing</u><u>Law</u><u>and</u><u>Forum</u>**.Withoutlimitingtheeffectofsection16,thisAgreementshallbegovernedby,and <br>construed in accordance with, the laws of the State of Delaware without regard to principles of conflict of laws.<br>|
| 20. | **<u>Severability</u>**. TheprovisionsofthisAgreementare severableand ifany oneormore of theprovisions aredetermined<br>to be illegalorotherwise unenforceable, in wholeorin part, the Agreement shallbe reformedand construed so that it<br>wouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformedandconstrued,asifsuch<br>unenforceable provision, or part thereof, had never been contained herein.<br>|
| 21. | **<u>Waiver</u>**. The waiver by the Company with respect to Optionee's (or any other participant's) compliance with any<br>provision of thisAgreement shallnot operate orbe construed as a waiverof any otherprovision of thisAgreement, or<br>of any subsequent breach by such party of a provision of this Agreement<br>A copyof thePlanandtheProspectus totheGeneralMills, Inc.2022Stock CompensationPlanisavailableonG&Me<br>by searching "2022 Stock Compensation Plan".A copy of the Company's latest AnnualReport on Form 10-K is also<br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports.<br>|
|  | **GENERALMILLS,INC.** |

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**GENERALMILLS,INC.**

**STOCKOPTIONAWARDAGREEMENT**

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|:---|:---|:---|
| **OPTIONEE:** | **OPTIONEE:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** |
| **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. |
|  | **GrantDate:** |  |
|  | **ExpirationDate:** |  |
|  | **OptionShares:** |  |
|  | **Exercisepricepershare:** |  |
|  | **TypeofStockOption:** |  |
| 2. | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u> <u>Forfeiture</u>.** |  |
|  | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>** | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>** |

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(b)**ForfeitureofStockOption**.TheOptioneeacknowledgesthattheStockOptionsgrantedhereunder

are subject to forfeiture, and/or limited exercise period, if the Optionee's employment with the

Company or any Subsidiary terminates under certain circumstances, as herein provided.

(i)*Resignation orTermination forCause.*If the Optionee's employment with the Company or any

SubsidiaryoraffiliatedcompaniesisterminatedatanytimepriortotheExpiration Datebyeither

(i) resignation, or (ii) a discharge due to Optionee's illegal activities, poor work performance,

misconduct or violation of the Company's Code of Conduct, policies or practices, then, to the

extent the Option Shares are vested as of the Termination Date, they shall expire three (3)

months after the Termination Date (but in no event beyond the Expiration Date); and, if and to

the extent the Option Shares are not vested as of the Termination Date, the unvested portions

shallforno considerationbe cancelledand forfeited immediatelywithno abilityto be exercised.

For the avoidance of doubt, "Termination Date" for purposes of this Award will be deemed to

occur as of the date Optionee is no longer actively providing services as an employee, unless

otherwisedeterminedbytheCompanyinitssolediscretion,andnovestingshallcontinueduring

any notice period that may be specified under contract or applicable law with respect to such

termination,includingany"gardenleave"orsimilarperiod,exceptasmayotherwisebepermitted

in the Company's sole discretion.

(ii)*Involuntary Termination.*If the Optionee's employment with the Company or anySubsidiary or

affiliatedcompaniesterminatesinvoluntarilyattheinitiationoftheCompanyforanyreasonother

than specified inPlanSection11(*Change in Control*),or(i), (iv)or(v)inthis section 2,andonly

upon the execution (without revoking) of an effective general legal release and such other

documents as are satisfactory to the Company, the following rules shall apply:

a) In the event that, at the Termination Date, the sum of the Optionee's age and years of

servicewiththeCompanyor any Subsidiaryoraffiliatedcompaniesequalsor exceeds

70,and (A) if, and to the extent, the Stock Option is not fully vested, then such unvested

tranchesshallcontinuetovestandbecomeexercisableoneachrespectiveScheduledDate

Exercisableandremain sountiltheExpiration Date;and(B)if,andtotheextent,the Stock

Option is vested and exercisable, it shall remain so until the Expiration Date.

Notwithstanding the above, if the Termination Date is within twelve months of the Grant

Date,theAwardshallvestonaproratabasisbasedonemploymentcompletedsincegrant

priorto theTerminationDate withinthefirst yearafterGrant Date,and shallbeexercisable

until the Expiration Date beginning on the Scheduled Date Exercisable for the tranche to

which the option belongs

b) IntheeventthatattheTerminationDate,thesumoftheOptionee'sageandyearsofservice

with the Company oranySubsidiary oraffiliated companies is less than 70,and (A)if, and

to the extent,the Award's tranches are already vestedand exercisableon the Termination

Date,theyshallremainexercisableforthelesserofone(1)yearfromtheTerminationDate,

or until the Expiration Date; and (B) if, and to the extent, tranches of the Award are not

vested,solelytheunvestedtrancheoftheAward withaScheduledDateExercisable within

12monthsoftheTerminationDateshallvestandbecomeexercisableasoftheTermination

Date, in an amount equal to the pro-rata amount based on employment completed during

the tranche's 12 month vesting period, with such newly-exercisable Stock Options

remaining exercisable for one (1) year from the Termination Date.Stock Options that do

not become vested and exercisable based on the previous provisions shallbe forfeited as

of the Termination Date.

(iii)*Death.*If an Optionee dies while employed with the Company or any Subsidiary or affiliated

companies during any applicable vesting period, this Award shall become fully vested and

exercisable upon death and may be exercised by the person designated as such Optionee's

beneficiaryorbeneficiariesor,intheabsenceofsuchdesignation,bytheOptionee'sestate.The

Stock Option shall remain exercisable until the Expiration Date.

(iv)*Retirement.*IftheterminationofemploymentisduetotheOptionee's retirementonorafterage

55 and completion of at least five (5) years of Company service, this Award's tranches shall

continue to vest and become exercisable on each respective Scheduled Date Exercisable,

remaining exercisable until the Expiration Date. Notwithstanding the above, if the Termination

Date is within twelve months of the Grant Date, the Award shall vest on a pro ratabasis based

on employment completed since grant prior to the Termination Date within the first year after

Grant Date and shallbeexercisable until the Expiration Date beginning on the Scheduled Date

Exercisable for the tranche to which the option belongs. The terms of this paragraph (iv) shall

notapplytoanOptioneewho,priortoaChangeofControl,isterminatedforcauseasdescribed

in (b)(i) above; said Optionee shall be treated as provided in (b)(i).

(v)*Spin-offs and Other Divestitures.* If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its sole discretion, shall determine the conversion, vesting, orothertreatment of

the Stock Option.

3.**<u>Exercise of</u><u>the</u><u>Option.</u>**

(a)**Method of Exercise**. Optionee may exercise the vested portion of the Stock Option (provided the

FairMarketValueofthesharesofCommonStockexercisedexceedstheexerciseprice)priortothe

Expiration Date of the Stock Option or such earlierdate indicated hereunder by delivering a notice

of exercise in such form as may be designated by the Company from time to time, or making the

required electronic election with the Company's designated broker, and paying the exercise price

and any Tax-Related Items (as defined in section 5 below) and costs to the Company's stock plan

administrator or such other person as the Company may designate, together with such additional

documents as the Company may then require pursuant to the terms of the Plan.

(b)**Method ofPayment**.Paymentof theexercise pricemay be made by one of themethods available

under the Company's exercise procedures, which may include:

(i)Paymentbycashor check.

(ii)Payment by transfer to the Company of whole shares of Common Stock Optionee already

ownshavingaFairMarketValuedeterminedatthetimeofexerciseoftheStockOptionequal

to, but not exceeding, the exercise price and any Tax-Related Items; and

(iii)A"samedaysale"transactionpursuanttowhichathirdparty(engagedbyyouortheCompany)

loans funds to you to enable you to purchase shares of Common Stock and pay any Tax-

Related Items, and then sells a sufficient number of the exercised shares of Common Stock

onyourbehalftoenableyoutorepaytheloanandanyfees.TheremainingsharesofCommon

Stock and/or cash are then delivered by the third party to the Optionee.

The Companymay suspend,or eliminate, variousforms ofpermissible payment of the exerciseprice

fromtimetotimein itssolediscretion. Further, notwithstandinganyprovision withinthisAgreement to

the contrary, if the Optionee is a resident or provides services outside of the United States, the

Committee may require that the Optionee (or in the event of the Optionee's death, his or her legal

representative, as the case may be) exercise the Stock Option in a method other than as specified

above, may require the Optionee to exercise the Stock Option only by means of a "same day sale"

transaction (either a "sell-all" transaction or a "sell-to-cover" transaction) as it determines in its sole

discretion, or may require the Optionee to sell any shares of Common Stock the Optionee acquires

under the Plan immediately or within a specified period following the Optionee's termination of

employment with the CompanyoranySubsidiaryoraffiliated companies (in whichcase, theOptionee

herebyagreesthat the Company shallhave the authorityto issue sale instructionsin relation to such

shares on the Optionee's behalf).

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| | |
|:---|:---|
|  | (c)**Responsibilityfor Exercise.** The Optionee is responsible for takinganyand all actionsasmaybe<br>required to exercise the Stock Option in a timely manner and for properly executing any such<br>documents as may be required for exercise in accordance with such rules and procedures as may<br>be established from time to time. The Optionee acknowledges that information regarding the<br>procedures and requirements for the exercise of the Stock Option is available to the Optionee on<br>request. <u>Neither the Company nor any Subsidiary or affiliated companies shall have any duty or</u><br><u>obligation to notify you of the Expiration Date of the Option.</u><br>|
| 4. | **<u>Non-Transferability</u>.** The Stock Option may not be sold, assigned, pledged, exchanged, hypothecated,<br>encumbered, disposed of, or otherwise transferred, unless otherwise provided in the Plan or this Agreement.<br>Uponanyattemptto transfer,assign,pledge,hypothecateorotherwisedisposeoftheStockOptionorofsuch<br>rights contrary to the provisions hereof or in the Plan, the Stock Option and such rights shall immediately<br>become null and void.<br>|
| 5. | **<u>Withholding of</u><u>Tax</u>**. The Optionee acknowledges that, regardless of any action taken by the Company or, if<br>different,theSubsidiary oraffiliated companythatemploys the Optionee (the"Employer"), theultimateliability<br>forallincome tax,socialcontributions,payrolltax,fringebenefitstax, paymenton account,hypotheticaltax or<br>othertax-relateditemsrelatedtotheOptionee'sparticipationinthePlanandlegallyapplicabletotheOptionee<br>or deemed by the Company or the Employer in their discretion to be an appropriate charge to the Optionee<br>eveniflegallyapplicabletotheCompanyortheEmployer("Tax-RelatedItems"),isandremainstheOptionee's<br>responsibility and may exceed the amount actually withheld by the Company or the Employer, if any. The<br>Optionee further acknowledges that the Company and/or the Employer (a)make no representations or<br>undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Stock<br>Option,including,butnotlimitedto,thegrant,vesting,exerciseandthesubsequentsaleofsharesofCommon<br>Stock acquiredpursuantto such vestingand exerciseandthe receiptofanydividends; and (b) donotcommit<br>to and are under noobligation to structure the terms of the grant or any aspect of the Stock Option to reduce<br>or eliminate the Optionee's liability for Tax-Related Items or achieve any particular tax result. Further, if the<br>OptioneeissubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrant Dateandthedateof<br>any relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the Company<br>and/ortheEmployer(orformeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-Related<br>Items in more than one jurisdiction.<br>Prior to the relevant taxable or tax withholding event, as applicable, the Optionee agrees to make adequate<br>arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,<br>unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-<br>RelatedItemsbyoneoracombinationofthefollowing:(i)withholdingfromtheOptionee'swagesorothercash<br>compensation paid to the Optionee by the Company and/or the Employer; (ii) withholding from the shares of<br>Common Stock to be delivered upon settlement of the Stock Option orotherawards granted to the Optionee<br>or (iii) permitting the Optionee to tender to the Company cash or, if allowed by the Committee, shares of<br>Common Stock.<br>Depending on the withholding method, the Company may withhold or account for Tax-Related Items by<br>consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole<br>discretion) or other applicable withholding rates, including maximum applicable rates, in which case the<br>Optioneewillreceivearefundofanyover-withheldamountandwillhavenoentitlementtotheshareequivalent.<br>If the obligation for Tax-Related Items is satisfied by withholding from the shares of Common Stock to be<br>delivereduponvestingoftheStockOption,fortaxpurposes,theOptioneeisdeemedtohavebeenissued the<br>fullnumberof shares of Common Stock subject to the Stock Option,notwithstanding that a numberof shares<br>ofCommonStockareheldbacksolelyforthepurposeofpayingtheTax-RelatedItems.TheOptioneewillhave<br>no further rights with respect to any shares of Common Stock that are retained by the Company pursuant to<br>this provision.<br>The Optionee agrees to pay to the Company or the Employer any amount of Tax-Related Items that the<br>CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheOptionee'sparticipation<br>inthePlanthatcannot besatisfiedbythemeanspreviouslydescribed. TheCompanymayrefusetoissueor<br>|

---

deliver shares of Common Stock or proceeds from the sale of shares of Common Stock until arrangements

satisfactory to the Company have been made in connection with the Tax-Related Items.

6.**<u>Restrictive Covenants; Confidential</u><u>Information</u>.** The Optionee agrees to cooperate with the Company in

any way needed in order to comply with, or fulfill the terms of the Plan and this Grant document.As a term

and condition of this Grant, Optionee agrees to the following terms:

a.IagreetouseGeneralMills Confidential Informationonlyasneededintheperformanceofmy

duties,toholdandprotectsuchinformationasconfidentialtotheCompany,andnottoengage

in any unauthorized use or disclosure of such information for so long as such information

qualifies as Confidential Information. I agree that after my employment with the Company

terminatesforanyreason, including "retirement"asthatterm isusedinthePlan,Iwill notuse

or disclose, directly or indirectly, Company Confidential Information or trade secrets for any

purpose, unless I get the prior written consent of mymanager to do so.

This document does not prevent me from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including this document, unless such information is legally protected from

disclosure to third parties.I do not need prior company authorization to take these actions,

nor must I notify the company I have done so.

Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any

federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a

federal, state,orlocalgovernment official,eitherdirectly orindirectly, orto an attorney, solely

forthepurpose of reporting orinvestigating a suspected violation of law;or(B)in acomplaint

or other document filed in a lawsuit or other proceeding, if such filing is made underseal.

GeneralMillsConfidentialInformationmeansanynon-publicinformationIcreate,receive,use

or observe in the performance ofmy job at General Mills, including trade secrets.Examples

of Confidential Information include marketing, merchandising, business plans, business

methods,pricing,purchasing,licensing,contracts,employee,supplierorcustomerinformation,

financial data, technological developments, manufacturing processes and specifications,

productformulas,ingredientspecifications,softwarecode,andallotherproprietaryinformation

which is not publicly available to others.

Prior to leaving the Company, I agree to return all materials in my possession containing

ConfidentialInformation, as well as allother documents and other tangible items provided to

me by General Mills, or developed by me in connection with my employment with the

Company.

b.[*This Section 6.b.does not apply to California, Colorado, Minnesota, and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company, I will not work on any product, brand category, process, or service: (A)on which I

worked, or about which I had access to Confidential Information, in the year immediately

preceding my termination (including retirement) from General Mills, and (B) which competes

with General Mills products, brand categories, processes, or related services.

c.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill

refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them

or inducing them to leave their employment with the Company.

d.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely

refrainfromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsoliciting

the Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Grant,

termination and forfeiture of any unvested or un-exercised Options, and/or required payment to

CompanyofalloraportionofanymonetarygainsacquiredbyOptioneeasaresultoftheGrant,unless

theGrantvestedandwassettledmorethanfour(4)yearspriortothebreach.Theforegoingremedies

are in addition to, and not in lieu of injunctive relief and/or any other legal or equitable remedies

available under applicable law.

7.**<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheStockOption,theOptioneeacknowledgesandagreesthat:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be

modified, amended, suspended or terminated by the Company, in its sole discretion, at any

time (subject to any limitations set forth in the Plan);

(b)thegrantoftheStock Option is voluntary andoccasional anddoesnot create anycontractual

orother rightto receivefuturegrantsofstockoptions,orbenefitsinlieuofstockoptions,even

if stock options or other awards have been granted in the past;

(c)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;

(d)theOptionee'sparticipationinthePlanis voluntary;

(e)the Stock Option and the Optionee's participation in the Plan shall not create a right to

employmentorbeinterpretedasforminganemployment contractwith the Company oranyof

its Subsidiaries oraffiliated companies and shall not interfere with the ability of the Company

or the Employer, as applicable, to terminate the Optionee's employment relationship (as

otherwise may be permitted under local law);

(f)unless otherwise agreed with the Company, the Stock Option and any shares of Common

StockacquireduponvestingandexerciseoftheStockOption,andtheincomefromandvalue

of same,arenotgrantedas consideration for,orin connection with,anyservicethe Optionee

may provide as a director of any of any Subsidiary or affiliate of the Company;

(g)the Stock Option and any shares of Common Stock acquired under the Plan and the income

andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating

any severance, resignation, termination, redundancy, dismissal, end-of-service payments,

bonuses, long-service awards, pension or retirement or welfare benefits or similar payments

and in no event should be considered as compensation for, or relating in any way to, past

services for the Company, the Employer or any Subsidiary or affiliate of the Company;

(h)the future value of the shares of Common Stock underlying the Stock Option is unknown,

indeterminable, and cannot be predicted with certainty;

(i)if theunderlying sharesof Common Stockdonotincrease invalue, theStockOption will

have no value;

(j)upon exercise of the Stock Option, the value of such sharesof Common Stock may increase

or decrease in value, even below the exercise price;

(k)no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock

Option resulting from termination of the Optionee's employment (for any reason whatsoever

and whetherornot in breachof locallaborlawsorlaterfound invalid)and, inconsideration of

the Stock Option, the Optionee agrees not to institute any claim against the Company or the

Employer;

(l)theStockOptionandtherightsevidencedbythisAgreementdonotcreateanyentitlementnot

otherwise specifically provided for in the Plan to have the Stock Option transferred to, or

assumed by, another company, nor to be exchanged, cashed out or substituted for, in

connection with any corporate transaction affecting the shares of Common Stock; and

(m)neitherthe Company norany of itsSubsidiaries oraffiliated companies shall be liable forany

foreign exchange rate fluctuation between the Optionee's local currency and the U.S. dollar

thatmayaffect thevalueofthe StockOptionor any amountsduetothe Optioneepursuantto

the exercise of the Stock Option or the subsequent sale of any shares of Common Stock

acquired upon exercise of the Stock Option.

8.**<u>Data Privacy</u>**. *If the Optionee would like to participate in the Plan, the Optionee will need to review the*

*informationprovided inthisSection8and,whereapplicable,declaretheOptionee'sconsenttotheprocessing*

*of personal data by the Company and the third parties stated below.*

*If the Optionee is based in theEuropean Union ("EU"), European Economic Area ("EEA")orUnitedKingdom,*

*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*

*55426-1347, U.S.A., is the controller responsible for the processing of the Optionee's personal data in*

*connection with the Agreement and the Plan.*

*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheOptionee,specifically,theOptionee'sname,home*

*address and telephone number, email address, date of birth, social insurance, passport*

*number or other identification number, salary, nationality, job title, any shares of Stock or*

*directorshipsheldintheCompanyoranyaffiliatedcompany,detailsofallStockOptionsorany*

*other entitlement to shares of Stockawarded, canceled, exercised, settled, vested, unvested*

*oroutstanding in the Optionee's favor, which the Company receives fromthe Optionee orthe*

*Employer (the "Data"). The Companycollects, processesandusesthe Data forthe purposes*

*of performing its contractual obligations under this Agreement, implementing, administering*

*and managing the Optionee's participation in the Plan and facilitating compliance with*

*applicable tax and securities law.*

*If theOptionee is based in theEU,EEAorUnitedKingdom,the legalbasis fortheprocessing*

*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*

*contractual obligations under this Agreement and the Plan and the Company's legitimate*

*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*

*with its contractual and statutory obligations.*

*If theOptioneeisbasedinanyotherjurisdiction, thelegalbasis fortheprocessingofthe Data*

*by the Company is the Optionee's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*

*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*

*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*

*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*

*similar manner, share Data with such service provider. The Company's service provider will*

*maintainanaccountfortheOptioneetoadministertheStockOptions.Theprocessingof Data*

*willtakeplace through bothelectronicandnon-electronic means. Data willonlybeaccessible*

*by those individuals requiring access to it for purposes of implementing, administering and*

*operating the Plan.*

*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*

*States and India. The Optionee's country or jurisdiction may have different data privacy laws*

*and protections than the United States and India. An appropriate level of protection can be*

*achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*

*the EU Commission.*

*If the Optionee is based in any other jurisdiction, the Data will be transferred from the*

*Optionee's jurisdiction to the Company and onward from the Company to any of its service*

*providers based on the Optionee's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*

*administerand managethe Optionee'sparticipation in thePlan, oras required to comply with*

*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*

*needs the Data, the Company will remove it from its systems.If the Company keeps data*

*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*

*wouldberelevantlawsorregulations(iftheOptioneeis intheEU,EEAorUnitedKingdom)or*

*the Optionee's consent (if the Optionee is outside the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Optionee may have a number of rights under data privacy laws in*

*the Optionee's jurisdiction. Subject to the conditions set out in the applicable law and*

*depending on where the Optionee is based, such rights may include the right to (i) request*

*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*

*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*

*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*

*authorities in the Optionee's jurisdiction, and/or to (viii) receive a list with the names and*

*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*

*to exercise these rights, the Optionee can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Optionee understands that providing the*

*CompanywithDataisnecessaryfortheperformanceoftheAgreementandthattheOptionee's*

*refusaltoprovidetheDatawouldmakeitimpossiblefortheCompanytoperformitscontractual*

*obligations and may affect the Optionee's ability to participate in the Plan.*

*(g)<u>Declaration of Consent (if the Optionee is outside the EU, EEA and United Kingdom)</u>. The*

*Optionee hereby unambiguously consents to the collection, use and transfer, in electronic or*

*other form, of the Data, as described above and in any othergrant materials, by and among,*

*as applicable, the Employer, the Company and any affiliated company for the exclusive*

*purposeofimplementing,administeringandmanagingtheOptionee'sparticipationinthePlan.*

*TheOptioneeunderstandsthattheOptioneemay,atanytime,refuseorwithdrawtheconsents*

*herein,inany case withoutcost,bycontactingHRDirect.If the Optioneedoesnotconsentor*

*later seeks to revoke the Optionee's consent, the Optionee's employment status or service*

*with the Employerwillnotbeaffected;theOptionee'sconsequenceofrefusingorwithdrawing*

*consent isthatthe CompanywouldnotbeabletoawardtheStockOptionsto theOptioneeor*

*anyotherequityawardtotheOptioneeoradministerormaintainsuchawards.Therefore,the*

*OptioneeunderstandsthatrefusingorwithdrawingconsentmayaffecttheOptionee'sabilityto*

*participate in the Plan. For more information on the consequences of refusal to consent or*

*withdrawal of consent, the Optionee should contact HR Direct.*

9.**<u>Insider Trading; Market Abuse Laws</u>**. By participating in the Plan, the Optionee agrees to comply with the

Company's policy on insider trading (to the extent that it is applicable to the Optionee), the Optionee further

acknowledgesthat,dependingontheOptionee'sorhisorherbroker'scountryofresidenceorwheretheshares

of Common Stock are listed, the Optionee may be subject to insidertrading restrictions and/ormarket abuse

laws that may affect the Optionee's ability to accept, acquire, sell orotherwise dispose of shares of Common

Stock,rightstosharesofCommonStock(e.g.,stockoptions)orrightslinkedtothevalueofsharesofCommon

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| | |
|:---|:---|
|  | Stock, during such times the Optionee is considered to have "inside information" regarding the Company as<br>defined by the laws or regulations in the Optionee's country. Local insider trading laws and regulations may<br>prohibit the cancellation or amendment of orders the Optionee places before he or she possessed inside<br>information.Furthermore,theOptioneecouldbeprohibitedfrom(i)disclosingtheinsideinformationtoanythird<br>party (otherthan on a "needto know"basis)and (ii)"tipping"thirdpartiesorcausing them otherwise to buyor<br>sell securities. The Optionee understands that third parties include fellow employees. Any restriction under<br>these lawsorregulations are separate from andinadditiontoany restrictions thatmay be imposedunderany<br>applicable Companyinsidertrading policy. TheOptioneeacknowledgesthat it isthe Optionee's responsibility<br>to comply with any applicable restrictions, and that the Optionee should therefore consult the Optionee's<br>personal advisor on this matter<br>|
| 10.<br>11.<br>| **<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation Clawback<br>Policies.<br>**<u>Electronic</u><u>Delivery</u>**.TheOptioneeagrees,tothefullestextentpermittedbylaw,inlieuofreceivingdocuments<br>in paper format, to accept electronic delivery of any documents that the Company and its Subsidiaries or<br>affiliated companies may deliver in connection with this grant and any other grants offered by the Company,<br>including prospectuses, grant notifications, account statements, annual or quarterly reports, and other<br>communications. Electronic delivery of a document may be made via the Company's email system or by<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Optionee hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 12. | **<u>English Language</u>**. The Optionee acknowledges and agrees that it is the Optionee's express intent that this<br>AgreementandthePlanandallotherdocuments,noticesandlegalproceedingsenteredinto,givenorinstituted<br>pursuanttotheStockOptionbedrawnupinEnglish.TotheextenttheOptioneehasbeenprovidedwithacopy<br>of this Agreement, the Plan, or any other documents relating to this Award in a language other than English,<br>theEnglishlanguagedocumentswillprevailincaseofanyambiguitiesordivergencesasaresultoftranslation.<br>|
| 13. | **<u>Addendum</u>**.NotwithstandinganyprovisionsinthisAgreement,theStockOptionshallbesubjecttoanyspecial<br>terms and conditions set forth in the Country-Specific Addendum to this Agreement (the "Addendum").<br>Moreover, if theOptionee transfers tooneof the countries included in such Addendum,the specialterms and<br>conditionsforsuchcountrywillapplytotheOptionee,totheextenttheCompanydeterminesthattheapplication<br>of such terms and conditions isnecessary oradvisableto comply with locallaworfacilitate theadministration<br>ofthePlan(ortheCompanymayestablishalternativetermsandconditionsasmaybenecessaryoradvisable<br>to accommodate the Optionee's transfer). The Addendum constitutes part of this Agreement.<br>|
| 14. | **<u>Not</u><u>a</u><u>Public</u><u>Offering</u>**.TheawardoftheStockOptionisnotintendedtobeapublicofferingofsecuritiesinthe<br>Optionee's country ofemployment (or country of residence, if different). The Company has not submitted any<br>registrationstatement,prospectusorotherfilingswiththelocalsecuritiesauthorities(unlessotherwiserequired<br>under local law), and the award of the Stock Option is not subject to the supervision of the local securities<br>authorities. No employee of the Company or any of its Subsidiaries or affiliated companies is permitted to<br>advise the Optionee on whether he/she should participate in the Plan. Acquiring shares of Common Stock<br>involves a degreeof risk. Before deciding to participate in the Plan, theOptionee should carefully considerall<br>risk factors relevant to the acquisition of shares of Common Stock under the Plan and carefully review all of<br>the materials related to the Stock Option and the Plan. In addition, the Optionee should consult with his/her<br>personal advisor for professional investment advice.<br>|
| 15. | **<u>Repatriation;</u><u>Compliance</u><u>with</u><u>Law</u>**.TheOptioneeagreestorepatriateallpaymentsattributabletotheshares<br>of Common Stock and/orcash acquired under thePlan inaccordance with applicable foreign exchange rules<br>andregulationsintheOptionee'scountryofemployment(andcountryofresidence,ifdifferent).Inaddition,the<br>Optioneeagreestotakeanyandallactions,andconsenttoanyandallactionstakenbytheCompanyandany<br>of its Subsidiaries and affiliated companies, as may be required to allow the Company and any of its<br>Subsidiariesandaffiliatedcompaniestocomplywithlocallaws,rulesand/orregulationsintheOptionee's<br>|

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| | |
|:---|:---|
|  | countryofemployment (and countryof residence, ifdifferent). Finally,theOptioneeagreestotakeany andall<br>actions as may be required to comply with the Optionee's personal obligations under local laws, rules and/or<br>regulations in the Optionee's country of employment and country of residence, if different).<br>|
| 16. | **<u>Imposition of Other Requirements</u>.** The Company reserves the right to impose other requirements on the<br>Optionee'sparticipationinthePlan,ontheStockOption,andonanysharesofCommonStockacquiredunder<br>thePlan,totheextenttheCompanydeterminesitisnecessaryoradvisableforlegaloradministrativereasons,<br>and to require the Optionee to sign any additional agreements or undertakings that may be necessary to<br>accomplish the foregoing.<br>|
| 17. | **<u>Committee's</u><u>Powers</u>.**NoprovisioncontainedinthisAgreementshallinanywayterminate,modifyoralter,or<br>be construed or interpreted as terminating, modifying oraltering any of the powers, rights orauthority vested<br>in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions<br>adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and<br>elections with respect to the Stock Option. Any dispute regarding the interpretation of this Agreement or the<br>termsofthePlanshallbesubmittedtotheCommitteeoritsdelegatewhoshallhavethediscretionaryauthority<br>to construe the termsof thisAgreement, the Plan,andalldocumentsancillaryto this Award.Thedecisionsof<br>theCommitteeoritsdelegateshallbefinalandbindingandanyreviewingcourtoflaworotherpartyshalldefer<br>to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this review<br>standard subject the Plan or Award to the U.S. Employee Retirement Income Security Act.<br>|
| 18. | **<u>Binding</u><u>Effect</u>.**ThisAgreementshallbebindinguponandinuretothebenefitofanysuccessorstothe <br>Company and all persons lawfully claiming under the Optionee.<br>|
| 19. | **<u>Governing Law and Forum</u>**. Without limiting the effect of section 16, this Agreement shall be governed by,<br>and construed in accordance with, the lawsof the State of Delaware without regard to principlesof conflict of<br>laws.<br>|
| 20. | **<u>Severability</u>**. The provisions of this Agreement are severable and if any one or more of the provisions are<br>determined to be illegalorotherwise unenforceable, in wholeorin part, theAgreement shallbe reformed and<br>construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed<br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 21. | **<u>Waiver</u>**.The waiverby theCompany with respecttoOptionee's (oranyotheroptionee's)compliancewithany<br>provision of this Agreement shall not operate or be construed as a waiver of any other provision of this<br>Agreement, or of any subsequent breach by such party of a provision of this Agreement<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>bysearching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports.<br>**GENERALMILLS,INC.** | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>bysearching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports.<br>**GENERALMILLS,INC.** |

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**GENERALMILLS,INC.**

**STOCKOPTIONAWARDAGREEMENT**

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| | | |
|:---|:---|:---|
| **OPTIONEE:** | **OPTIONEE:** | [Officer] |
| **PERNR:** | **PERNR:** | **PERNR:** |
| **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** | **This Award is made under the General Mills, Inc. 2022 Stock Compensation Plan (the "Plan"), and is**<br>**subject to the terms and conditions contained in the Plan document and this Stock Option Award**<br>**Agreement ("Agreement").The Optionee: (i) acknowledges receipt of a copy of the Plan and Plan**<br>**prospectus, (ii)represents thattheOptionee hascarefullyreadandisfamiliarwiththeprovisionsofthis**<br>**Agreement and the Plan, and (iii) hereby accepts the Stock Option subject to all of the terms and**<br>**conditions set forth herein, and in the Plan.If the Optionee does notwish to receive the Stock Option**<br>**and/or does notconsentandagree to the termsandconditions onwhich theStockOptionisoffered,as**<br>**setforthin this Agreementand the Plan, thentheOptioneemustrejectthisAwardvia thewebsiteofthe**<br>**Company's designated broker, no later than 60 days following the Grant Date.If the Optionee rejects**<br>**thisAward,thisAwardwillimmediatelybeforfeitedandcancelled.TheOptionee'sexerciseofthisAward**<br>**willalso constitute the Optionee'sacceptance ofthisAward andall termsand conditions ofthis Award,**<br>**as set forth in this Agreement and the Plan.** |
| **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** | **THIS AWARD, dated on the below GrantDate, is made byGeneral Mills, Inc.,(the "Company"), and made to** <br>**the person named above (the "Optionee" or referred to as "I", "you", or "my") ("Award").** |
| 1. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. | **<u>Award</u><u>of</u><u>Stock</u><u>Option</u>**.TheCompanygrantstotheOptioneeunderthePlanthefollowingnon-qualifiedoption<br>to purchase the Company's common stock, par value USD 0.10 per share ("Common Stock"). The option<br>granted pursuant to this Agreement is referred to as the "Stock Option" and subject to the terms in this<br>Agreement.Except asotherwisedefinedherein,capitalizedterms shall havethe samemeanings ascribed to<br>them under the Plan. |
|  | **GrantDate:** |  |
|  | **ExpirationDate:** |  |
|  | **OptionShares:** |  |
|  | **Exercisepricepershare:** |  |
|  | **TypeofStockOption:** |  |
| 2. | **<u>Vesting</u><u>of</u><u>Stock</u><u>Option;</u> <u>Forfeiture</u>.** |  |
|  | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>** | (a)**VestingSchedule**. The StockOption shallvest and become exercisable in tranches, each tranche <br>having its own 12month vesting period occurring consecutively, starting on the Grant Date.<br>**<u>Tranche</u><u>Number</u><u>of</u><u>Options</u><u>Scheduled</u><u>Date</u> <u>Exercisable</u>** |

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(b)**ForfeitureofStockOption**.TheOptioneeacknowledgesthattheStockOptionsgrantedhereunder

are subject to forfeiture, and/or limited exercise period, if the Optionee's employment with the

Company or any subsidiary terminates under certain circumstances, as herein provided.

(i)*Termination for Cause.*If the Optionee's employment with the Company or any subsidiary or

affiliated companies isterminatedatanytimepriortothe ExpirationDate by adischargedue to

Optionee's illegal activities, poor work performance, misconduct or violation of the Company's

Code of Conduct, policies or practices, then, to the extent the Option Shares are vested as of

the Termination Date, they shall expire three (3) months after the Termination Date (but in no

eventbeyondtheExpirationDate);and,ifandtotheextenttheOptionSharesarenotvestedas

of the Termination Date, the unvested portions shall for no consideration be cancelled and

forfeited immediately with no ability to be exercised. For the avoidance of doubt, "Termination

Date" for purposes of this Award will be deemed to occur as of the date Optionee is no longer

activelyproviding servicesasan employee,unlessotherwisedeterminedbythe Company inits

sole discretion, and no vesting shall continue during any notice period that may be specified

under contract or applicable law with respect to such termination, including any "garden leave"

or similar period, except as may otherwise be permitted in the Company's sole discretion.

(ii)*Death.*If an Optionee dies while employed with the Company or any Subsidiary or affiliated

companies during any applicable vesting period, this Award shall become fully vested and

exercisable upon death and may be exercised by the person designated as such Optionee's

beneficiaryorbeneficiariesor,intheabsenceofsuchdesignation,bytheOptionee'sestate.The

Stock Option shall remain exercisable until the Expiration Date.

(iii)*Other Terminations.*If the voluntary termination of employment is priorto the third anniversary

of the Grant Date, then the unvested tranches of thisAward shall forfeit in their entirety, and to

theextenttheStockOptionsarevestedandexercisable,theyshallremainsountiltheExpiration

Date. If, however, the Optionee voluntarily terminates employment on or after the third

anniversary of the Grant Date, this Award's unvested tranches shall fully vest and become

exercisable on each respective Scheduled Date Exercisable, remaining exercisable until the

ExpirationDate.Iftheterminationofemployment isinvoluntaryatthe initiationofthe Company,

and upon theexecution (without revoking)ofaneffective generallegalrelease, theAward shall

be fully vested and exercisable on each respective Scheduled Date Exercisable, remaining

exercisable until the Expiration Date . Notwithstanding the above, the terms of this paragraph

shall not apply to a Optionee who, prior to a Change of Control, is terminated for cause as

described in(b)(i)above;saidOptionee shallbetreatedasprovided in(b)(i)above.Inaddition,

if theprovisionsof the Plan Section 11 (Change in Control) become operative theywould over-

ride the provisions of this paragraph.

(iv)*Spin-offs and Other Divestitures.* If the termination of employment is due to the divestiture,

cessation, transfer, or spin-off of a line of business or other activity of the Company, the

Committee, in its sole discretion, shall determine the conversion, vesting, orothertreatment of

the Stock Option.

3.**<u>Exercise of</u><u>the</u><u>Option.</u>**

(a)**Method of Exercise**. Optionee may exercise the vested portion of the Stock Option (provided the

FairMarketValueofthesharesofCommonStockexercisedexceedstheexerciseprice)priortothe

Expiration Date of the Stock Option or such earlierdate indicated hereunder by delivering a notice

of exercise in such form as may be designated by the Company from time to time, or making the

required electronic election with the Company's designated broker, and paying the exercise price

and any Tax-Related Items (as defined in section 5 below) and costs to the Company's stock plan

administrator or such other person as the Company may designate, together with such additional

documents as the Company may then require pursuant to the terms of the Plan.

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| | |
|:---|:---|
|  | (b)**Method ofPayment**.Paymentof theexercise pricemay be made by one of themethods available<br>under the Company's exercise procedures, which may include:<br>(i)Paymentbycashor check.<br>(ii)Payment by transfer to the Company of whole shares of Common Stock Optionee already<br>ownshavingaFairMarketValuedeterminedatthetimeofexerciseoftheStockOptionequal<br>to, but not exceeding, the exercise price and any Tax-Related Items; and<br>(iii)A"samedaysale"transactionpursuanttowhichathirdparty(engagedbyyouortheCompany)<br>loans funds to you to enable you to purchase shares of Common Stock and pay any Tax-<br>Related Items, and then sells a sufficient number of the exercised shares of Common Stock<br>onyourbehalftoenableyoutorepaytheloanandanyfees.TheremainingsharesofCommon<br>Stock and/or cash are then delivered by the third party to the Optionee.<br>The Companymay suspend,or eliminate, variousforms ofpermissible payment of the exerciseprice<br>fromtimetotimein itssolediscretion. Further, notwithstandinganyprovision withinthisAgreement to<br>the contrary, if the Optionee is a resident or provides services outside of the United States, the<br>Committee may require that the Optionee (or in the event of the Optionee's death, his or her legal<br>representative, as the case may be) exercise the Stock Option in a method other than as specified<br>above, may require the Optionee to exercise the Stock Option only by means of a "same day sale"<br>transaction (either a "sell-all" transaction or a "sell-to-cover" transaction) as it determines in its sole<br>discretion, or may require the Optionee to sell any shares of Common Stock the Optionee acquires<br>under the Plan immediately or within a specified period following the Optionee's termination of<br>employment with the CompanyoranySubsidiaryoraffiliated companies (in whichcase, theOptionee<br>herebyagreesthat the Company shallhave the authorityto issue sale instructionsin relation to such<br>shares on the Optionee's behalf).<br>(c)**Responsibilityfor Exercise.** The Optionee is responsible for takinganyand all actionsasmaybe<br>required to exercise the Stock Option in a timely manner and for properly executing any such<br>documents as may be required for exercise in accordance with such rules and procedures as may<br>be established from time to time. The Optionee acknowledges that information regarding the<br>procedures and requirements for the exercise of the Stock Option is available to the Optionee on<br>request. <u>Neither the Company nor any Subsidiary or affiliated companies shall have any duty or</u><br><u>obligation to notify you of the Expiration Date of the Option.</u><br>|
| 4. | **<u>Non-Transferability</u>.** The Stock Option may not be sold, assigned, pledged, exchanged, hypothecated,<br>encumbered, disposed of, or otherwise transferred, unless otherwise provided in the Plan or this Agreement.<br>Uponanyattemptto transfer,assign,pledge,hypothecateorotherwisedisposeoftheStockOptionorofsuch<br>rights contrary to the provisions hereof or in the Plan, the Stock Option and such rights shall immediately<br>become null and void.<br>|
| 5. | **<u>Withholding of</u><u>Tax</u>**. The Optionee acknowledges that, regardless of any action taken by the Company or, if<br>different,theSubsidiary oraffiliated companythatemploys the Optionee (the"Employer"), theultimateliability<br>forallincome tax,socialcontributions,payrolltax,fringebenefitstax, paymenton account,hypotheticaltax or<br>othertax-relateditemsrelatedtotheOptionee'sparticipationinthePlanandlegallyapplicabletotheOptionee<br>or deemed by the Company or the Employer in their discretion to be an appropriate charge to the Optionee<br>eveniflegallyapplicabletotheCompanyortheEmployer("Tax-RelatedItems"),isandremainstheOptionee's<br>responsibility and may exceed the amount actually withheld by the Company or the Employer, if any. The<br>Optionee further acknowledges that the Company and/or the Employer (a)make no representations or<br>undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Stock<br>Option,including,butnotlimitedto,thegrant,vesting,exerciseandthesubsequentsaleofsharesofCommon<br>Stockacquiredpursuanttosuchvestingand exerciseandthereceiptofanydividends;and(b)donotcommit<br>to and are undernoobligation to structure the terms of the grant orany aspect of the Stock Option to reduce<br>oreliminatetheOptionee'sliabilityforTax-RelatedItemsorachieveanyparticulartaxresult.Further,ifthe<br>|

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OptioneeissubjecttoTax-RelatedItemsinmorethanonejurisdictionbetweentheGrant Dateandthedateof

any relevant taxable or tax withholding event, as applicable, the Optionee acknowledges that the Company

and/ortheEmployer(orformeremployer,asapplicable)mayberequiredtowithholdoraccountforTax-Related

Items in more than one jurisdiction.

Prior to the relevant taxable or tax withholding event, as applicable, the Optionee agrees to make adequate

arrangementssatisfactorytotheCompanyand/ortheEmployertosatisfyallTax-RelatedItems.Inthisregard,

unlessotherwiseapprovedbytheCommittee, the CompanyshallsatisfytheobligationswithregardtoallTax-

RelatedItemsbyoneoracombinationofthefollowing:(i)withholdingfromtheOptionee'swagesorothercash

compensation paid to the Optionee by the Company and/or the Employer; (ii) withholding from the shares of

Common Stock to be delivered upon settlement of the Stock Option orotherawards granted to the Optionee

or (iii) permitting the Optionee to tender to the Company cash or, if allowed by the Committee, shares of

Common Stock.

Depending on the withholding method, the Company may withhold or account for Tax-Related Items by

consideringapplicable statutorywithholding rates(asdetermined bythe Companyin goodfaithand in itssole

discretion) or other applicable withholding rates, including maximum applicable rates, in which case the

Optioneewillreceivearefundofanyover-withheldamountandwillhavenoentitlementtotheshareequivalent.

If the obligation for Tax-Related Items is satisfied by withholding from the shares of Common Stock to be

delivereduponvestingoftheStockOption,fortaxpurposes,theOptioneeisdeemedtohavebeenissued the

fullnumberof shares of Common Stock subject to the Stock Option,notwithstanding that a numberof shares

ofCommonStockareheldbacksolelyforthepurposeofpayingtheTax-RelatedItems.TheOptioneewillhave

no further rights with respect to any shares of Common Stock that are retained by the Company pursuant to

this provision.

The Optionee agrees to pay to the Company or the Employer any amount of Tax-Related Items that the

CompanyortheEmployermayberequiredtowithholdoraccountforasaresultoftheOptionee'sparticipation

in the Plan that cannot be satisfiedby themeans previously described. The Companymay refuse to issue or

deliver shares of Common Stock or proceeds from the sale of shares of Common Stock until arrangements

satisfactory to the Company have been made in connection with the Tax-Related Items.

6.**<u>Restrictive Covenants; Confidential</u><u>Information</u>.** The Optionee agrees to cooperate with the Company in

any way needed in order to comply with, or fulfill the terms of the Plan and this Grant document.As a term

and condition of this Grant, Optionee agrees to the following terms:

a.IagreetouseGeneralMills Confidential Informationonlyasneededintheperformanceofmy

duties,toholdandprotectsuchinformationasconfidentialtotheCompany,andnottoengage

in any unauthorized use or disclosure of such information for so long as such information

qualifies as Confidential Information. I agree that after my employment with the Company

terminatesforanyreason, including "retirement"asthatterm isusedinthePlan,Iwill notuse

or disclose, directly or indirectly, Company Confidential Information or trade secrets for any

purpose, unless I get the prior written consent of mymanager to do so.

This document does not prevent me from filing a complaint with a government agency

(including the Securities and Exchange Commission, Department of Justice, Equal

Employment Opportunity Commission and others) or from participating in an agency

proceeding. This document also does not prevent me from providing an agency with

information, including this document, unless such information is legally protected from

disclosure to third parties.I do not need prior company authorization to take these actions,

nor must I notify the company I have done so.

Also, as provided in 18 U.S.C. 1833(b), I cannot be held criminally or civilly liable under any

federal or state trade secret law for making a trade secret disclosure: (A) in confidence to a

federal, state,orlocalgovernment official,eitherdirectly orindirectly, orto an attorney, solely

forthepurpose of reporting orinvestigating a suspected violation of law;or(B)in acomplaint

or other document filed in a lawsuit or other proceeding, if such filing is made underseal.

GeneralMillsConfidentialInformationmeansanynon-publicinformationIcreate,receive,use

or observe in the performance ofmy job at General Mills, including trade secrets.Examples

of Confidential Information include marketing, merchandising, business plans, business

methods,pricing,purchasing,licensing,contracts,employee,supplierorcustomerinformation,

financial data, technological developments, manufacturing processes and specifications,

productformulas,ingredientspecifications,softwarecode,andallotherproprietaryinformation

which is not publicly available to others.

Prior to leaving the Company, I agree to return all materials in my possession containing

ConfidentialInformation, as well as allother documents and other tangible items provided to

me by General Mills, or developed by me in connection with my employment with the

Company.

b.[*This Section 6.b.does not apply to California, Colorado, Minnesota, and Washington -based*

*employees.*] I agree that for one year after I leave the Company, including retiring from the

Company, I will not work on any product, brand category, process, or service: (A)on which I

worked, or about which I had access to Confidential Information, in the year immediately

preceding my termination (including retirement) from General Mills, and (B) which competes

with General Mills products, brand categories, processes, or related services.

c.I agreethat forone yearafterI leaveGeneralMills, including retiring from the Company, Iwill

refrain from directlyorindirectlysoliciting Companyemployeesforthe purpose ofhiring them

or inducing them to leave their employment with the Company.

d.I agree that after I leave General Mills, including retiring from the Company, I will indefinitely

refrainfromusingCompanyclientorcontactlists,andfortwoyearsIwillrefrainfromsoliciting

the Company's customers.

A breach of the obligations set forth in this paragraph may result in the rescission of the Grant,

termination and forfeiture of any unvested or un-exercised Options, and/or required payment to

CompanyofalloraportionofanymonetarygainsacquiredbyOptioneeasaresultoftheGrant,unless

theGrantvestedandwassettledmorethanfour(4)yearspriortothebreach.Theforegoingremedies

are in addition to, and not in lieu of injunctive relief and/or any other legal or equitable remedies

available under applicable law.

7.**<u>Nature</u><u>of</u><u>Grant</u>**.InacceptingtheStockOption,theOptioneeacknowledgesandagreesthat:

(a)the Plan is established voluntarily by the Company, it is discretionary in nature and it may be

modified, amended, suspended or terminated by the Company, in its sole discretion, at any

time (subject to any limitations set forth in the Plan);

(b)thegrantoftheStock Option is voluntary andoccasional anddoesnot create anycontractual

orother rightto receivefuturegrantsofstockoptions,orbenefitsinlieuofstockoptions,even

if stock options or other awards have been granted in the past;

(c)alldecisionswithrespecttofutureawards,ifany,willbeatthesolediscretionoftheCompany;

(d)theOptionee'sparticipationinthePlanis voluntary;

(e)the Stock Option and the Optionee's participation in the Plan shall not create a right to

employmentorbeinterpretedasforminganemployment contractwith the Company oranyof

its Subsidiaries oraffiliated companies and shall not interfere with the ability of the Company

or the Employer, as applicable, to terminate the Optionee's employment relationship (as

otherwise may be permitted under local law);

(f)unless otherwise agreed with the Company, the Stock Option and any shares of Common

StockacquireduponvestingandexerciseoftheStockOption,andtheincomefromandvalue

of same,arenotgrantedas consideration for,orin connection with,anyservicethe Optionee

may provide as a director of any of any Subsidiary or affiliate of the Company;

(g)the Stock Option and any shares of Common Stock acquired under the Plan and the income

andvalueofsame,arenotpartofnormalorexpectedcompensationforpurposesofcalculating

any severance, resignation, termination, redundancy, dismissal, end-of-service payments,

bonuses, long-service awards, pension or retirement or welfare benefits or similar payments

and in no event should be considered as compensation for, or relating in any way to, past

services for the Company, the Employer or any Subsidiary or affiliate of the Company;

(h)the future value of the shares of Common Stock underlying the Stock Option is unknown,

indeterminable, and cannot be predicted with certainty;

(i)if theunderlying sharesof Common Stockdonotincrease invalue, theStockOption will

have no value;

(j)upon exercise of the Stock Option, the value of such sharesof Common Stock may increase

or decrease in value, even below the exercise price;

(k)no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock

Option resulting from termination of the Optionee's employment (for any reason whatsoever

and whetherornot in breachof locallaborlawsorlaterfound invalid)and, inconsideration of

the Stock Option, the Optionee agrees not to institute any claim against the Company or the

Employer;

(l)theStockOptionandtherightsevidencedbythisAgreementdonotcreateanyentitlementnot

otherwise specifically provided for in the Plan to have the Stock Option transferred to, or

assumed by, another company, nor to be exchanged, cashed out or substituted for, in

connection with any corporate transaction affecting the shares of Common Stock; and

(m)neitherthe Company norany of itsSubsidiaries oraffiliated companies shall be liable forany

foreign exchange rate fluctuation between the Optionee's local currency and the U.S. dollar

thatmayaffect thevalueofthe StockOptionor any amountsduetothe Optioneepursuantto

the exercise of the Stock Option or the subsequent sale of any shares of Common Stock

acquired upon exercise of the Stock Option.

8.**<u>Data Privacy</u>**. *If the Optionee would like to participate in the Plan, the Optionee will need to review the*

*informationprovided inthisSection8and,whereapplicable,declaretheOptionee'sconsenttotheprocessing*

*of personal data by the Company and the third parties stated below.*

*If the Optionee is based in theEuropean Union ("EU"), European Economic Area ("EEA")orUnitedKingdom,*

*pleasenote thatGeneralMills, Inc. with registered address atOne GeneralMills Boulevard, Minneapolis, MN*

*55426-1347, U.S.A., is the controller responsible for the processing of the Optionee's personal data in*

*connection with the Agreement and the Plan.*

*(a)<u>Data Collection and Usage</u>. The Company collects, processes, uses and transfers certain*

*personally-identifiableinformationabouttheOptionee,specifically,theOptionee'sname,home*

*address and telephone number, email address, date of birth, social insurance, passport*

*number or other identification number, salary, nationality, job title, any shares of Stock or*

*directorshipsheldintheCompanyoranyaffiliatedcompany,detailsofallStockOptionsorany*

*other entitlement to shares of Stockawarded, canceled, exercised, settled, vested, unvested*

*oroutstanding in the Optionee's favor, which the Company receives fromthe Optionee orthe*

*Employer (the "Data"). The Companycollects, processesandusesthe Data forthe purposes*

*of performing its contractual obligations under this Agreement, implementing, administering*

*and managing the Optionee's participation in the Plan and facilitating compliance with*

*applicable tax and securities law.*

*If theOptionee is based in theEU,EEAorUnitedKingdom,the legalbasis fortheprocessing*

*of theDataby the Company is thenecessity of theprocessingfortheCompany toperformits*

*contractual obligations under this Agreement and the Plan and the Company's legitimate*

*businessinterestsofmanagingthePlan,administeringemployeeequityawardsandcomplying*

*with its contractual and statutory obligations.*

*If theOptioneeisbasedinanyotherjurisdiction, thelegalbasis fortheprocessingofthe Data*

*by the Company is the Optionee's consent as further described below.*

*(b)<u>Stock Plan Administration Service Providers</u>. The Company transfers Data to E\*TRADE*

*FinancialCorporateServices, Inc. (including itsaffiliated companies), an independent service*

*providerwhichassiststheCompanywiththeimplementation,administrationandmanagement*

*of thePlan.Inthefuture,the Companymay select adifferentserviceprovider, which willina*

*similar manner, share Data with such service provider. The Company's service provider will*

*maintainanaccountfortheOptioneetoadministertheStockOptions.Theprocessingof Data*

*willtakeplace through bothelectronicandnon-electronic means. Data willonlybeaccessible*

*by those individuals requiring access to it for purposes of implementing, administering and*

*operating the Plan.*

*(c)<u>International</u><u>Data Transfers</u>. The Company and its service providers are based in the United*

*States and India. The Optionee's country or jurisdiction may have different data privacy laws*

*and protections than the United States and India. An appropriate level of protection can be*

*achieved by implementing safeguards suchas the Standard ContractualClausesadopted by*

*the EU Commission.*

*If the Optionee is based in any other jurisdiction, the Data will be transferred from the*

*Optionee's jurisdiction to the Company and onward from the Company to any of its service*

*providers based on the Optionee's consent, as further described below.*

*(d)<u>Data Retention</u>. The Company will use the Data only as long as necessary to implement,*

*administerand managethe Optionee'sparticipation in thePlan, oras required to comply with*

*legalorregulatoryobligations,includingtaxandsecuritieslaws.WhentheCompanynolonger*

*needs the Data, the Company will remove it from its systems.If the Company keeps data*

*longer, it would be to satisfy legal or regulatory obligations and the Company's legal basis*

*wouldberelevantlawsorregulations(iftheOptioneeis intheEU,EEAorUnitedKingdom)or*

*the Optionee's consent (if the Optionee is outside the EU, EEA or United Kingdom).*

*(e)<u>Data Subject Rights</u>. The Optionee may have a number of rights under data privacy laws in*

*the Optionee's jurisdiction. Subject to the conditions set out in the applicable law and*

*depending on where the Optionee is based, such rights may include the right to (i) request*

*accessto,orcopiesof,theDataprocessedbytheCompany,(ii)rectificationofincorrectData,*

*(iii) deletionof Data, (iv) restrictionson theprocessing of Data, (v) object to the processing of*

*Data for legitimate interests, (vi) portability of Data, (vii) lodge complaints with competent*

*authorities in the Optionee's jurisdiction, and/or to (viii) receive a list with the names and*

*addressesofanypotentialrecipientsof Data. To receive clarification regardingthese rightsor*

*to exercise these rights, the Optionee can contact HR Direct.*

*(f)<u>Necessary Disclosure of Personal Data</u>. The Optionee understands that providing the*

*CompanywithDataisnecessaryfortheperformanceoftheAgreementandthattheOptionee's*

---

| | |
|:---|:---|
|  | *refusaltoprovidetheDatawouldmakeitimpossiblefortheCompanytoperformitscontractual* <br>*obligations and may affect the Optionee's ability to participate in the Plan.*<br>*(g)<u>Declaration of Consent (if the Optionee is outside the EU, EEA and United Kingdom)</u>. The*<br>*Optionee hereby unambiguously consents to the collection, use and transfer, in electronic or*<br>*other form, of the Data, as described above and in any othergrant materials, by and among,*<br>*as applicable, the Employer, the Company and any affiliated company for the exclusive*<br>*purposeofimplementing,administeringandmanagingtheOptionee'sparticipationinthePlan.*<br>*TheOptioneeunderstandsthattheOptioneemay,atanytime,refuseorwithdrawtheconsents*<br>*herein,inany case withoutcost,bycontactingHRDirect.If the Optioneedoesnotconsentor*<br>*later seeks to revoke the Optionee's consent, the Optionee's employment status or service*<br>*with the Employerwillnotbeaffected;theOptionee'sconsequenceofrefusingorwithdrawing*<br>*consent isthatthe CompanywouldnotbeabletoawardtheStockOptionsto theOptioneeor*<br>*anyotherequityawardtotheOptioneeoradministerormaintainsuchawards.Therefore,the*<br>*OptioneeunderstandsthatrefusingorwithdrawingconsentmayaffecttheOptionee'sabilityto*<br>*participate in the Plan. For more information on the consequences of refusal to consent or*<br>*withdrawal of consent, the Optionee should contact HR Direct.*<br>|
| 9. | **<u>Insider Trading; Market Abuse Laws</u>**. By participating in the Plan, the Optionee agrees to comply with the<br>Company's policy on insider trading (to the extent that it is applicable to the Optionee), the Optionee further<br>acknowledgesthat,dependingontheOptionee'sorhisorherbroker'scountryofresidenceorwheretheshares<br>of Common Stock are listed, the Optionee may be subject to insidertrading restrictions and/ormarket abuse<br>laws that may affect the Optionee's ability to accept, acquire, sell orotherwise dispose of shares of Common<br>Stock,rightstosharesofCommonStock(e.g.,stockoptions)orrightslinkedtothevalueofsharesofCommon<br>Stock, during such times the Optionee is considered to have "inside information" regarding the Company as<br>defined by the laws or regulations in the Optionee's country. Local insider trading laws and regulations may<br>prohibit the cancellation or amendment of orders the Optionee places before he or she possessed inside<br>information.Furthermore,theOptioneecouldbeprohibitedfrom(i)disclosingtheinsideinformationtoanythird<br>party (otherthan on a "needto know"basis)and (ii)"tipping"thirdpartiesorcausing them otherwise to buyor<br>sell securities. The Optionee understands that third parties include fellow employees. Any restriction under<br>these lawsorregulations are separate from andinadditiontoany restrictions thatmay be imposedunderany<br>applicable Companyinsidertrading policy. TheOptioneeacknowledgesthat it isthe Optionee's responsibility<br>to comply with any applicable restrictions, and that the Optionee should therefore consult the Optionee's<br>personal advisor on this matter<br>|
| 10.<br>11.<br>| **<u>Clawback</u>**. This Award is specifically made subject to the Company's Executive Compensation Clawback<br>Policies.<br>**<u>Electronic</u><u>Delivery</u>**.TheOptioneeagrees,tothefullestextentpermittedbylaw,inlieuofreceivingdocuments<br>in paper format, to accept electronic delivery of any documents that the Company and its Subsidiaries or<br>affiliated companies may deliver in connection with this grant and any other grants offered by the Company,<br>including prospectuses, grant notifications, account statements, annual or quarterly reports, and other<br>communications. Electronic delivery of a document may be made via the Company's email system or by<br>referencetoalocationontheCompany'sintranetorwebsiteorawebsiteoftheCompany'sagentadministering<br>the Plan. By accepting this grant, whether electronically or otherwise, the Optionee hereby consents to<br>participateinthePlanthroughsuchsystem,intranet,orwebsite,includingbutnotlimitedtotheuseofelectronic<br>signatures or click-through electronic acceptance of terms and conditions.<br>|
| 12. | **<u>English Language</u>**. The Optionee acknowledges and agrees that it is the Optionee's express intent that this<br>AgreementandthePlanandallotherdocuments,noticesandlegalproceedingsenteredinto,givenorinstituted<br>pursuanttotheStockOptionbedrawnupinEnglish.TotheextenttheOptioneehasbeenprovidedwithacopy<br>of this Agreement, the Plan, or any other documents relating to this Award in a language other than English,<br>theEnglishlanguagedocumentswillprevailincaseofanyambiguitiesordivergencesasaresultoftranslation.<br>|

---

13.  **<u>Addendum</u>** . Notwithstanding any provisions in this Agreement, the Stock Option shall be subject to any special terms and conditions set forth in the Country-Specific Addendum to this Agreement (the "Addendum"). Moreover, if the Optionee transfers to one of the countries included in such Addendum, the special terms and conditions for such country will apply to the Optionee, to the extent the Company determines that the application of such terms and conditions is necessary or advisable to comply with local law or facilitate the administration of the Plan (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate the Optionee's transfer). The Addendum constitutes part of this Agreement.

14.  **<u>Not</u> <u>a</u> <u>Public</u> <u>Offering</u>** . The award of the Stock Option is not intended to be a public offering of securities in the Optionee's country of employment (or country of residence, if different). The Company has not submitted any registration statement, prospectus or other filings with the local securities authorities (unless otherwise required under local law), and the award of the Stock Option is not subject to the supervision of the local securities authorities. No employee of the Company or any of its Subsidiaries or affiliated companies is permitted to advise the Optionee on whether he/she should participate in the Plan. Acquiring shares of Common Stock involves a degree of risk. Before deciding to participate in the Plan, the Optionee should carefully consider all risk factors relevant to the acquisition of shares of Common Stock under the Plan and carefully review all of the materials related to the Stock Option and the Plan. In addition, the Optionee should consult with his/her personal advisor for professional investment advice.

15.  **<u>Repatriation;</u> <u>Compliance</u> <u>with</u> <u>Law</u>** . The Optionee agrees to repatriate all payments attributable to the shares of Common Stock and/or cash acquired under the Plan in accordance with applicable foreign exchange rules and regulations in the Optionee's country of employment (and country of residence, if different). In addition, the Optionee agrees to take any and all actions, and consent to any and all actions taken by the Company and any of its Subsidiaries and affiliated companies, as may be required to allow the Company and any of its Subsidiaries and affiliated companies to comply with local laws, rules and/or regulations in the Optionee's country of employment (and country of residence, if different). Finally, the Optionee agrees to take any and all actions as may be required to comply with the Optionee's personal obligations under local laws, rules and/or regulations in the Optionee's country of employment and country of residence, if different).

16.  **<u>Imposition of Other Requirements</u>.** The Company reserves the right to impose other requirements on the Optionee's participation in the Plan, on the Stock Option, and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Optionee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing .

17.  **<u>Committee's</u> <u>Powers</u>.** No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee or, to the extent delegated, in its delegate, pursuant to the terms of the Plan or resolutions adopted in furtherance of the Plan, including, without limitation, the right to make certain determinations and elections with respect to the Stock Option. Any dispute regarding the interpretation of this Agreement or the terms of the Plan shall be submitted to the Committee or its delegate who shall have the discretionary authority to construe the terms of this Agreement, the Plan, and all documents ancillary to this Award. The decisions of the Committee or its delegate shall be final and binding and any reviewing court of law or other party shall defer to its decision, overruling if, and only if, it is arbitrary and capricious. In no way is it intended that this review standard subject the Plan or Award to the U.S. Employee Retirement Income Security Act.

18.  **<u>Binding</u> <u>Effect</u>.** This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under the Optionee.

19.  **<u>Governing Law and Forum</u>** . Without limiting the effect of section 16, this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware without regard to principles of conflict of laws.

20.  **<u>Severability</u>** . The provisions of this Agreement are severable and if any one or more of the provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the Agreement shall be reformed and

---

| | |
|:---|:---|
|  | construedsothatitwouldbeenforceabletothemaximumextentlegallypossible,andifitcannotbesoreformed <br>and construed, as if such unenforceable provision, or part thereof, had never beencontained herein.<br>|
| 21. | **<u>Waiver</u>**.The waiverby theCompany with respecttoOptionee's (oranyotheroptionee's)compliancewithany<br>provision of this Agreement shall not operate or be construed as a waiver of any other provision of this<br>Agreement, or of any subsequent breach by such party of a provision of this Agreement<br>|
| AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>bysearching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports.<br>**GENERALMILLS,INC.** | AcopyofthePlanandtheProspectustotheGeneralMills,Inc.2022StockCompensationPlanisavailableonG&Me<br>bysearching"2022Stock CompensationPlan".AcopyoftheCompany's latestAnnualReporton Form10-Kisalso<br>available on the Company's website at www.generalmills.com under Investor Information/Annual Reports.<br>**GENERALMILLS,INC.** |

---

## Exhibit 31.1

**Exhibit 31.1**

I, Jeffrey L. Harmening, certify that:

1.&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this Quarterly Report on Form 10-Q of General Mills, Inc.;

2.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: December 17, 2025

<u>/s/ Jeffrey L. Harmening &nbsp;&nbsp;&nbsp;&nbsp;</u>

Jeffrey L. Harmening

Chief Executive Officer

## Exhibit 31.2

**Exhibit 31.2**

I, Kofi A. Bruce, certify that:

1.&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this Quarterly Report on Form 10-Q of General Mills, Inc.;

2.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: December 17, 2025

<u>/s/ Kofi A. Bruce &nbsp;&nbsp;&nbsp;&nbsp;</u>

Kofi A. Bruce

Chief Financial Officer

## Exhibit 32.1

**Exhibit 32.1**

I, Jeffrey L. Harmening, Chief Executive Officer of General Mills, Inc. (the "Company"), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(1)&nbsp;&nbsp;&nbsp;&nbsp;the Quarterly Report on Form 10-Q of the Company for the fiscal quarter ended November 23, 2025 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)&nbsp;&nbsp;&nbsp;&nbsp;the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: December 17, 2025

<u>/s/ Jeffrey L. Harmening &nbsp;&nbsp;&nbsp;&nbsp;</u>

Jeffrey L. Harmening

Chief Executive Officer

## Exhibit 32.2

**Exhibit 32.2**

I, Kofi A. Bruce, Chief Financial Officer of General Mills, Inc. (the "Company"), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(1)&nbsp;&nbsp;&nbsp;&nbsp;the Quarterly Report on Form 10-Q of the Company for the fiscal quarter ended November 23, 2025 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)&nbsp;&nbsp;&nbsp;&nbsp;the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: December 17, 2025

<u>/s/ Kofi A. Bruce &nbsp;&nbsp;&nbsp;&nbsp;</u>

Kofi A. Bruce

Chief Financial Officer