Monish D. Patolawala - 06 Feb 2023 Form 4 Insider Report for 3M CO (MMM)

Role
EVP, CFO & Transformation Off
Signature
/s/ Patricia L. Meagher, attorney-in-fact for Monish D. Patolawala
Issuer symbol
MMM
Transactions as of
06 Feb 2023
Net transactions value
$0
Form type
4
Filing time
08 Feb 2023, 16:04:46 UTC
Previous filing
06 Jul 2022
Next filing
05 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMM Common Stock Award $0 +12,626 +189% $0.000000 19,324 06 Feb 2023 Direct F1
transaction MMM Common Stock Tax liability $0 -5,788 -30% $0.000000 13,536 06 Feb 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 Award $0 +12,539 $0.000000 12,539 07 Feb 2023 Common Stock 12,539 Direct F3, F4
transaction MMM Non-qualified Stock Option (Right to Buy) Award $0 +65,958 $0.000000 65,958 07 Feb 2023 Common Stock 65,958 $116.90 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of 3M common stock that will be delivered pursuant to the terms of a performance share award made to the reporting person on March 1, 2020. The performance-based vesting requirements applicable to such award were satisfied on the date reported in Column 2, which represents the date on which the level of performance attained was certified.
F2 The number of shares withheld for taxes was estimated and will be revised by amendment if necessary.
F3 Each restricted stock unit represents a contingent right to receive one share of 3M common stock.
F4 The restricted stock units vest 100% three years from the grant date of February 7, 2023.
F5 The stock option will vest and become exercisable in a series of three equal installments on each of the first, second and third anniversary of the grant date.