William M. Brown - 03 May 2024 Form 4 Insider Report for 3M CO (MMM)

Signature
Patricia L. Meagher, attorney-in-fact for William M. Brown
Issuer symbol
MMM
Transactions as of
03 May 2024
Net transactions value
+$20,497,422
Form type
4
Filing time
06 May 2024, 18:32:37 UTC
Previous filing
03 May 2024
Next filing
14 May 2024

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 +25,734 $0.000000 25,734 03 May 2024 Common Stock 25,734 Direct F1, F2
transaction MMM Non-qualified Stock Option (Right to Buy) Award $20,497,422 +211,096 $97.10 211,096 03 May 2024 Common Stock 211,096 $97.15 Direct 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 The restricted stock units vest in three equal annual installments beginning on May 3, 2025.
F3 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.