3M (NYSE: MMM) director defers compensation into 313.921 stock equivalents
Rhea-AI Filing Summary
3M director-related account receives deferred stock equivalent compensation. A non-employee director associated with 3M had 313.921 common stock equivalents credited on February 6, 2026 at $165.08 per share under 3M's Compensation Plan for Non-employee Directors. These units are held in a common stock equivalents account, and the director has no voting or investment powers over the account. The position is reported as indirectly owned, labeled "By Corporation," and reflects deferred compensation rather than an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 313.921 shares
Net Buy
1 txn
Insider
Mitchill Neil G. JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock By Corporation | 313.921 | $165.08 | $52K |
Holdings After Transaction:
Common Stock By Corporation — 313.921 shares (Indirect, By Corporation)
Footnotes (1)
- F1. 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.
FAQ
What did 3M (MMM) disclose in this Form 4 filing?
3M disclosed that a non-employee director’s compensation was deferred into 313.921 common stock equivalents on February 6, 2026 at $165.08 per share. These units are held in a deferred account under 3M’s Compensation Plan for Non-employee Directors.
Was this 3M (MMM) director Form 4 a purchase or deferred compensation?
The Form 4 reflects deferred compensation, not an open-market purchase. The non-employee director elected to defer cash or stock compensation into a common stock equivalents account under 3M’s Compensation Plan for Non-employee Directors, with no voting or investment powers over the account.
Does the reporting director control voting or investment decisions for these 3M units?
No. The filing states the non-employee director has no voting or investment powers over the common stock equivalents account. The units are held indirectly, labeled "By Corporation," and represent deferred compensation rather than shares the director actively manages.
AI-generated analysis. How Rhea-AI works. Not financial advice.