3M director receives deferred stock award
3M Co non-employee director Mitchill Neil G. Jr. reported an indirect acquisition of common stock equivalents through a corporation associated with him.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock By Corporation | 1,360.402 | $143.34 | $195K |
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.
Key Figures
Key Terms
Compensation Plan for Non-employee Directors financial
common stock equivalents account financial
indirect ownership financial
Grant, award, or other acquisition financial
FAQ
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What insider transaction did 3M (MMM) director Mitchill Neil G. Jr. report?
Was the 3M (MMM) director’s Form 4 transaction a stock purchase or a grant?
How many 3M (MMM) common stock equivalents does the director hold after this transaction?
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