3M (MMM) non-employee director granted 1,360 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
3M Co non-employee director Mitchill Neil G. Jr. reported an indirect acquisition of common stock equivalents through a corporation associated with him. The account received 1,360.402 common stock equivalents valued at $143.34 per share under 3M's Compensation Plan for Non-employee Directors, bringing the indirect holding in this account to 1,674.323 units. According to the disclosure, the director has no voting or investment powers over this deferred compensation account, indicating this is a routine compensation-related award rather than an open‑market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mitchill Neil G. JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock By Corporation | 1,360.402 | $143.34 | $195K |
Holdings After Transaction:
Common Stock By Corporation — 1,674.323 shares (Indirect, By Corporation)
Footnotes (1)
- [object Object]
Key Figures
Common stock equivalents acquired: 1,360.402 units
Award valuation price: $143.34 per share
Indirect holdings after transaction: 1,674.323 units
+1 more
4 metrics
Common stock equivalents acquired
1,360.402 units
Grant/award acquisition on 2026-05-12
Award valuation price
$143.34 per share
Value used for common stock equivalents
Indirect holdings after transaction
1,674.323 units
Total common stock equivalents in deferred account
Transaction code
A
Grant, award, or other acquisition (non-derivative)
Key Terms
Compensation Plan for Non-employee Directors, common stock equivalents account, indirect ownership, Grant, award, or other acquisition
4 terms
Compensation Plan for Non-employee Directors financial
"under the terms of 3M's Compensation Plan for Non-employee Directors"
common stock equivalents account financial
"to a common stock equivalents account under the terms of 3M's Compensation Plan"
indirect ownership financial
"ownership_type: "indirect", ownership_code: "I""
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did 3M (MMM) director Mitchill Neil G. Jr. report?
Mitchill Neil G. Jr. reported an indirect acquisition of 1,360.402 common stock equivalents. These were credited to a deferred compensation account as part of 3M's Compensation Plan for Non-employee Directors, rather than bought on the open market.
Was the 3M (MMM) director’s Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant-type acquisition, not a market purchase. The non-employee director elected to defer compensation into a common stock equivalents account, so the shares reflect deferred fees under 3M’s director compensation plan.
How many 3M (MMM) common stock equivalents does the director hold after this transaction?
After this transaction, the indirect holding in the relevant account totals 1,674.323 common stock equivalents. This figure reflects the cumulative balance in the deferred compensation account following the credited 1,360.402 units.