How Harmening was paid
$14M in total for fiscal 2026, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Jeffrey L. HarmeningChairman of the Board & CEO | $1,350,000 | $7,326,405 | $2,279,973 | $1,404,540 | $1,574,513 | $82,621 | $14,018,052 |
| Dana M. McNabbChief Operating Officer | $850,000 | $2,197,891 | $683,991 | $569,160 | $488,171 | $56,829 | $4,846,042 |
| Kofi A. BruceChief Financial Officer | $886,546 | $2,197,891 | $683,991 | $614,908 | $529,539 | $50,104 | $4,962,979 |
| Jaime MontemayorChief Digital, Technology & Transformation Officer | $716,750 | $1,904,859 | $592,799 | $405,967 | — | $104,853 | $3,725,228 |
| Karen Wilson ThissenGeneral Counsel & Secretary | $730,000 | $1,245,613 | $387,601 | $413,472 | — | $114,593 | $2,891,279 |
What changed and why
- $14M$14,018,052 CEO total compensation increased from $12,492,830 in fiscal 2025.
- $1.6M$1,574,513 CEO pension value increase substantially exceeded fiscal 2025's $274,971.
- 80%80% of annual incentive weighting used organic net sales growth and adjusted operating profit growth.
- 50%50% of long-term incentives were PSUs measured by organic net sales growth and cumulative operating cash flow.
- $1.8B$1.8 billion was returned to shareholders through dividends and share repurchases.
- 85%85% adjusted after-tax earnings free cash flow conversion supported fiscal 2026 capital allocation.
Other General Mills proxy statements
- 2025 proxy statement
Jeffrey L. Harmening paid $12.5M (-22% on the year), pay ratio 206:1.
Filed Aug 11, 2025
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.