3M (NYSE: MMM) director logs deferred common stock equivalents grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
3M CO non-employee director Audrey Choi recorded an acquisition of 1,360.402 shares of common stock equivalents as compensation. These were credited at a reference price of $143.34 per share under 3M's Compensation Plan for Non-Employee Directors.
After this grant, the indirect holdings in this account total 6,169.927 common stock equivalents. According to the plan terms, the director has elected to defer compensation into a common stock equivalents account and has no voting or investment powers with respect to this account.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Choi Audrey
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,360.402 | $143.34 | $195K |
Holdings After Transaction:
Common Stock — 6,169.927 shares (Indirect, By Corporation)
Footnotes (1)
- Includes acquisition of deferred dividend reinvestment shares pursuant to 3M's Compensation Plan for Non-Employee Directors. This non-employee director has elected to defer all or a portion of compensation otherwise payable in cash or stock to a common stock equivalents account under the terms of 3M's Compensation Plan for Non-employee Directors and has no voting or investment powers with respect to such account.
Key Figures
Compensation grant size: 1,360.402 common stock equivalents
Reference price per equivalent: $143.34 per share
Indirect holdings after grant: 6,169.927 common stock equivalents
3 metrics
Compensation grant size
1,360.402 common stock equivalents
Grant under 3M Compensation Plan for Non-Employee Directors
Reference price per equivalent
$143.34 per share
Value used for the 1,360.402-unit grant
Indirect holdings after grant
6,169.927 common stock equivalents
Total in deferred compensation account after transaction
Key Terms
Compensation Plan for Non-Employee Directors, deferred dividend reinvestment shares, common stock equivalents account, non-employee director
4 terms
Compensation Plan for Non-Employee Directors financial
"Includes acquisition of deferred dividend reinvestment shares pursuant to 3M's Compensation Plan for Non-Employee Directors."
common stock equivalents account financial
"compensation otherwise payable in cash or stock to a common stock equivalents account under the terms of 3M's Compensation Plan"
non-employee director financial
"This non-employee director has elected to defer all or a portion of compensation otherwise payable"
FAQ
What did 3M (MMM) director Audrey Choi report in this Form 4?
Audrey Choi reported an acquisition of 1,360.402 common stock equivalents as compensation. The award was credited under 3M’s Compensation Plan for Non-Employee Directors, rather than bought in the open market, reflecting routine director compensation deferral.
Was the 3M (MMM) Audrey Choi transaction a stock purchase or a grant?
The transaction was a compensation-related grant, not an open-market purchase. Choi received 1,360.402 common stock equivalents through deferred director compensation, with a reference value of $143.34 per share, under 3M’s Compensation Plan for Non-Employee Directors.
Does Audrey Choi have voting rights over the 3M (MMM) common stock equivalents reported?
According to the disclosure, Audrey Choi has no voting or investment powers over the common stock equivalents. They are held in a deferred compensation account under 3M’s Compensation Plan for Non-Employee Directors, which governs how these equivalents are maintained.
What is 3M’s Compensation Plan for Non-Employee Directors as referenced in the Form 4?
3M’s Compensation Plan for Non-Employee Directors allows directors to defer cash or stock compensation into a common stock equivalents account. The filing notes the acquisition of deferred dividend reinvestment shares and explains that the director lacks voting and investment authority over this account.