Form 4: 3M Executive Vice President John Patrick Banovetz Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President John Patrick Banovetz reports acquisition and disposal of 3M common stock related to performance share awards and tax withholdings.
Summary
- On February 3, 2025, John Patrick Banovetz, an Executive Vice President at 3M, reported transactions involving 3M common stock.
- Banovetz acquired 4,672.528 shares related to performance share awards that vested on that date.
- He also disposed of 105 shares to cover tax obligations.
- Following these transactions, Banovetz beneficially owns 31,180.1297 shares of 3M common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | Date of performance share awards made to the reporting person. |
| February 3, 2025 | Date of transaction: acquisition of shares from performance share awards and disposal of shares for tax purposes. |
| February 5, 2025 | Date of signature on the Form 4 filing. |
Keywords
3M, John Patrick Banovetz, Executive Vice President, Stock, Form 4, Performance Share Awards, Beneficial Ownership, Tax Withholding
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