Form 4: 3M Director Pedro Pizarro Acquires Shares Through Compensation Plan
SEC Form 4
Director Pedro Pizarro acquired 1,957.242 shares of 3M common stock at $99.63 per share through the company's compensation plan.
Summary
- On May 14, 2024, Pedro Pizarro, a director of 3M Co, acquired 1,957.242 shares of common stock at a price of $99.63 per share.
- The acquisition was made through 3M's Compensation Plan for Non-employee Directors.
- Following the transaction, Pizarro beneficially owns 4,305.628 shares indirectly through a corporation.
- These shares include deferred dividend reinvestment shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation plan.
Positives
- The acquisition reflects Pizarro's continued investment in 3M.
- The compensation plan aligns director compensation with company performance.
Industry Context
This filing is a routine disclosure of a director's stock acquisition, which is common for publicly traded companies with stock-based compensation plans.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Pedro Pizarro acquired 1,957.242 shares of 3M common stock. |
| 05/15/2024 | Date of signature by Patricia L. Meagher, attorney-in-fact for Pedro J. Pizarro. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.