Form 4: 3M President Sells Shares
Insider Transaction (Form 4)
John Patrick Banovetz, Executive Vice President of 3M Co, sold 7,880 shares of common stock on July 23, 2026 for $170.44 per share.
Summary
- Option exercise/conversion: acquired 7,880 Common Stock at $154.69 ($1,218,957) on July 23, 2026; holds 57,937 after (Direct).
- Open-market sale: disposed of 7,880 Common Stock at $170.44 ($1,343,067) on July 23, 2026; holds 50,057 after (Direct).
- Option exercise/conversion: disposed of 7,880 Non-qualified Stock Option (Right to Buy) on July 23, 2026 (Direct).
Sentiment
Score: 3
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $1,343,067 of stock on the open market.
Insider Transactions
John Patrick Banovetz — Officer (Executive Vice President)
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-07-23 | Option exercise/conversion | Common Stock | 7,880 | $155 | $1.2M | 57,936.816 |
| 2026-07-23 | Open-market sale | Common Stock | 7,880 | $170 | $1.3M | 50,056.816 |
| 2026-07-23 | Option exercise/conversion | Non-qualified Stock Option (Right to Buy) | 7,880 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-23 | Option exercise/conversion (7,880 shares) |
| 2026-07-23 | Open-market sale (7,880 shares) |
| 2026-07-23 | Option exercise/conversion (7,880 shares) |
Keywords
insider transaction, Form 4, MMM, 3M CO, bearish, John Patrick Banovetz
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.