Form 4: 3M CFO Monish Patolawala Reports Stock Transactions

3M's CFO, Monish Patolawala, reported the acquisition and disposal of 3M common stock and restricted stock units on June 28, 2024.

Summary

• On June 28, 2024, Monish D. Patolawala, the President and CFO of 3M Co [MMM], reported transactions involving 3M common stock and restricted stock units.
• Patolawala acquired 30,131 shares of common stock at a price of $102.19 per share.
• He also disposed of 13,740 shares of common stock at $102.29 per share.
• These transactions resulted in Patolawala beneficially owning 43,540.202 shares of common stock following the reported transactions.
• The transactions also involved the vesting of 30,131 restricted stock units, each representing a contingent right to receive one share of 3M common stock, which vest on June 30, 2024.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership by a key executive.

Key Dates