Jeffrey R. Lavers - Oct 4, 2023 Form 4 Insider Report for 3M CO (MMM)

Role
Group President
Signature
/s/ Patricia L. Meagher, attorney-in-fact for Jeffrey R. Lavers
Stock symbol
MMM
Transactions as of
Oct 4, 2023
Transactions value $
-$50,171
Form type
4
Date filed
10/5/2023, 06:11 PM
Previous filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMM Common Stock Options Exercise +570 +5.26% 11.4K Oct 4, 2023 Direct F1
transaction MMM Common Stock Tax liability -$50.2K -570 -4.99% $88.02 10.8K Oct 4, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MMM Restricted Stock Units Options Exercise -570 -4.24% 12.9K Oct 4, 2023 Common Stock 570 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of 3M common stock.
F2 Shares withheld for FICA tax for retirement eligible executives.
F3 The restricted stock units vest 100% three years from the grant date of February 7, 2023.