GENERAL MILLS INC

Proxy

Statement

Summary

Guided by our purpose to make food the world loves, General Mills is

executing our Accelerate strategy to drive sustainable, profitable growth

and top-tier shareholder returns over the long term. In fiscal 2026, we

navigated a challenging operating environment while making meaningful

progress on our strategic transformation. We invested in improved

competitiveness through our Remarkability playbook, completed the U.S.

Yogurt divestiture, and announced plans to sell our Brazil business and

Häagen-Dazs shops in mainland China.

In fiscal 2027, our top priorities are to strengthen organic sales with a

step change in remarkability, accelerate enterprise transformation, and

drive disciplined capital allocation and returns.

Driving Long-Term Shareholder Value

In fiscal 2026, we delivered adjusted results in line with our latest expectations, with full-year net sales of $18.4 billion, adjusted operating profit of $2.8 billion, adjusted diluted EPS of $3.55, and free cash flow conversion of 85 percent of adjusted after-tax earnings*.

In fiscal 2026, we returned $1.8 billion to shareholders through dividends and share repurchases, and our board recently declared a quarterly dividend at the prevailing rate of $0.61 per share, underlining our commitment to driving strong returns for our shareholders over the long term.

Committed to Standing for Good

We continued to work towards our goals of reducing our absolute greenhouse gas (“GHG”) emissions by 30% by 2030 and achieving net zero GHG emissions across our full value chain by 2050.

As an industry leader in regenerative agriculture, we are committed to advancing 1 million acres of regenerative agriculture in our supply chain by 2030 and have currently enrolled more than 800,000 acres into our program.

We are deeply committed to the communities where we live and operate and from which we source our ingredients. Our philanthropic partnerships and employee engagement aim to build strong and resilient communities.

• Adjusted operating profit (on a constant-currency basis), adjusted diluted EPS (on a constant-currency basis), and free cash flow conversion rate are

non-GAAP measures. For more information on the use of non-GAAP measures in the Proxy Statement, and a reconciliation of non-GAAP measures to the

Proxy Summary: Fiscal Year Financial Highlights