3M tech chief converts stock grants into 53 shares
Each restricted stock unit represents a contingent right to one 3M common share and vests 100% three years from the grant date.
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Rhea-AI Filing Summary
3M (MMM) EVP Chief Tech Officer Tushar A. Kshirsagar reported conversion of 53 restricted stock units into 53 common shares on October 7, 2026. The common-stock acquisition line reports $162.12 per share; 53 common shares were also withheld for FICA tax. His reported post-transaction position included 1,226 restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 53 | $0.00 | $0.00 |
| Exercise | Common Stock | 53 | $162.12 | $9K |
| Tax Withholding | Common Stock F1, F2 | 53 | $162.12 | $9K |
Footnotes (4)
- F1. Shares withheld for FICA tax for retirement eligible executives.
- F2. Includes shares acquired under 3M's General Employee Stock Purchase Plan.
- F3. Each restricted stock unit represents a contingent right to receive one share of 3M common stock.
- F4. The restricted stock units vest 100% three years from the grant date.
Key Figures
Key Terms
restricted stock unit financial
contingent right financial
FICA tax regulatory
General Employee Stock Purchase Plan financial
FAQ
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What do 3M restricted stock units represent and when do they vest?
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