3M (NYSE: MMM) director Rumsey defers pay into 1,195 stock equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RUMSEY JENNIFER reported acquisition or exercise transactions in this Form 4 filing.
3M Company director Jennifer Rumsey, through a corporation, received an indirect grant of 1,195.997 shares of common stock equivalents on June 5, 2026. The award was valued at $152.77 per share as part of 3M’s Compensation Plan for Non-employee Directors.
All of Rumsey’s director compensation covered by this election is deferred into a common stock equivalents account, and she has no voting or investment powers over that account. Following this grant, the account holds a total of 1,195.997 common stock equivalents for her benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RUMSEY JENNIFER
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,195.997 | $152.77 | $183K |
Holdings After Transaction:
Common Stock — 1,195.997 shares (Indirect, By Corporation)
Footnotes (1)
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Key Figures
Shares acquired: 1,195.997 common stock equivalents
Price per share equivalent: $152.77 per unit
Total holdings after transaction: 1,195.997 common stock equivalents
3 metrics
Shares acquired
1,195.997 common stock equivalents
Grant/award on June 5, 2026
Price per share equivalent
$152.77 per unit
Valuation used for the June 5, 2026 grant
Total holdings after transaction
1,195.997 common stock equivalents
Indirect, by corporation, following this award
Key Terms
common stock equivalents account, Compensation Plan for Non-employee Directors, non-employee director, indirect ownership
4 terms
common stock equivalents account financial
"defer all or a portion of compensation otherwise payable in cash or stock to a common stock equivalents account"
Compensation Plan for Non-employee Directors financial
"under the terms of 3M's Compensation Plan for Non-employee Directors"
non-employee director financial
"This non-employee director has elected to defer all or a portion of compensation"
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By Corporation"
FAQ
What did 3M (MMM) director Jennifer Rumsey report in this Form 4?
Jennifer Rumsey reported an indirect acquisition of 1,195.997 common stock equivalents. The grant reflects deferred director compensation under 3M’s Compensation Plan for Non-employee Directors and is held in a separate account for her benefit.
Was Jennifer Rumsey’s 3M (MMM) Form 4 transaction a market buy or sell?
The transaction was an acquisition coded as a grant or award, not a market trade. It reflects compensation deferred into common stock equivalents, rather than shares bought or sold on the open market.
Does Jennifer Rumsey have voting power over the 3M (MMM) stock equivalents reported?
The footnote states she has no voting or investment powers over the common stock equivalents account. The account is maintained under 3M’s Compensation Plan for Non-employee Directors and is held for her benefit only.
How is Jennifer Rumsey’s 3M (MMM) director compensation structured in this Form 4?
Rumsey elected to defer all or part of her director compensation into a common stock equivalents account. Instead of cash or stock, she receives equivalent units tied to 3M common stock, credited under the non-employee director compensation plan.