Form 4: 3M Executive Vice President John Patrick Banovetz Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President John Patrick Banovetz reports the vesting and subsequent tax withholding of 3M common stock.
Summary
- John Patrick Banovetz, an Executive Vice President at 3M Co, reported transactions involving 3M common stock on October 16, 2024.
- 430 restricted stock units vested, each representing a contingent right to receive one share of 3M common stock.
- 430 shares were withheld for FICA tax purposes at a price of $136.35 per share.
- Following these transactions, Banovetz directly owns 26,408.313 shares of 3M common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of 3M.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 10/17/2024 | Date of signature on the Form 4 filing. |
| 02/06/2027 | Date the restricted stock units vest. |
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.