3M (MMM) non-employee director defers pay into 1,360 stock equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PIZARRO PEDRO reported acquisition or exercise transactions in this Form 4 filing.
3M Co director Pedro Pizarro reported an indirect award of 1,360.402 shares of common stock at $143.34 per share. The grant was made through a corporate account tied to 3M's Compensation Plan for Non-Employee Directors, where deferred dividend reinvestments accrue and the director has no voting or investment power. Following this award, the account holds 7,169.916 shares equivalent.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PIZARRO PEDRO
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,360.402 | $143.34 | $195K |
Holdings After Transaction:
Common Stock — 7,169.916 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
Stock equivalents granted: 1,360.402 shares
Grant reference price: $143.34 per share
Holdings after transaction: 7,169.916 shares
+1 more
4 metrics
Stock equivalents granted
1,360.402 shares
Grant/award acquisition on 2026-05-12
Grant reference price
$143.34 per share
Common Stock compensation reference value
Holdings after transaction
7,169.916 shares
Indirect common stock equivalents after award
Acquisition transactions
1 transaction
Non-derivative grant/award acquisition
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
"elected to defer ... to a common stock equivalents account under the terms of 3M's Compensation Plan for Non-employee Directors"
non-employee director financial
"3M's Compensation Plan for Non-Employee Directors."
FAQ
What did 3M (MMM) director Pedro Pizarro report in this Form 4?
Pedro Pizarro reported an indirect award of 1,360.402 common shares at $143.34 each. The award reflects deferred director compensation credited to a common stock equivalents account under 3M’s Compensation Plan for Non-Employee Directors.
Is Pedro Pizarro’s 3M Form 4 transaction a market purchase or sale?
The Form 4 shows no market purchase or sale by Pedro Pizarro. It reports a grant or other acquisition of stock equivalents as director compensation, not an open-market trade, and is therefore a routine non-cash award.
What plan governs the 3M director stock equivalents in this Form 4?
The stock equivalents are governed by 3M’s Compensation Plan for Non-Employee Directors. Under this plan, directors can defer cash or stock compensation into a common stock equivalents account with dividend reinvestment features.