Jeffrey R. Lavers - 04 Oct 2023 Form 4 Insider Report for 3M CO (MMM)

Role: Group President
Signature: /s/ Patricia L. Meagher, attorney-in-fact for Jeffrey R. Lavers
Issuer symbol: MMM
Transactions as of: 04 Oct 2023
Net transactions value: -$50,171
Form type: 4
Filing time: 05 Oct 2023, 18:11:26 UTC
Previous 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	Options Exercise		+570	+5.3%		11,415	04 Oct 2023	Direct	F1
transaction	MMM	Common Stock	Tax liability	$50,171	-570	-5%	$88.02	10,845	04 Oct 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	-4.2%		12,861	04 Oct 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.