3M Co (NYSE: MMM) EVP exercises options, then sells 7,880 shares
Rhea-AI Filing Summary
3M Company Executive Vice President John Patrick Banovetz exercised non-qualified stock options for 7,880 shares of common stock at $154.69 per share on July 23, 2026, then sold 7,880 shares at $170.44 per share in an open-market or private transaction. The reported option position from this grant was reduced to 0 shares after the exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 7,880 shares ($124K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Banovetz John Patrick
Role
Executive Vice President
Sold
7,880 shs ($1.34M)
Approx. gross sale proceeds
$1.34M
Approx. exercise cost
$1.22M
Approx. pre-tax spread
$124K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option (Right to Buy) | 7,880 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,880 | $154.69 | $1.22M |
| Sale | Common Stock F1, F2 | 7,880 | $170.44 | $1.34M |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 50,056.816 shares (Direct)
Footnotes (2)
- F1. Includes shares acquired under 3M's General Employee Stock Purchase Plan.
- F2. Includes dividend share equivalents, accrued quarterly, pursuant to 3M's Deferred Compensation Plan.
Key Figures
Options exercised: 7,880 shares
Option exercise price: $154.6900 per share
Shares sold: 7,880 shares
+3 more
6 metrics
Options exercised
7,880 shares
Non-qualified stock options exercised on July 23, 2026
Option exercise price
$154.6900 per share
Exercise price of the non-qualified stock option grant
Shares sold
7,880 shares
Common stock sold on July 23, 2026 after option exercise
Sale price
$170.4400 per share
Per-share price for the reported common stock sale
Option expiration
2027-02-06
Expiration date of the exercised non-qualified stock option
Net shares bought/sold
-7,880 shares
Net share change across reported buy/sell transactions (net-sell)
Key Terms
Non-qualified Stock Option (Right to Buy), General Employee Stock Purchase Plan, Deferred Compensation Plan, dividend share equivalents
4 terms
Non-qualified Stock Option (Right to Buy) financial
"Security title listed as Non-qualified Stock Option (Right to Buy)"
General Employee Stock Purchase Plan financial
"Includes shares acquired under 3M's General Employee Stock Purchase Plan."
Deferred Compensation Plan financial
"Includes dividend share equivalents, accrued quarterly, pursuant to 3M's Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did 3M (MMM) executive John Patrick Banovetz report?
John Patrick Banovetz reported exercising non-qualified stock options for 7,880 shares of 3M common stock at $154.69 per share on July 23, 2026, then selling 7,880 shares of common stock at $170.44 per share in an open-market or private transaction the same day.
What were the terms of the stock options John Patrick Banovetz exercised at 3M (MMM)?
Banovetz exercised 7,880 non-qualified stock options with an exercise price of $154.69 per share. The options related to 3M common stock and carried an expiration date of February 6, 2027, with the exercise reported on July 23, 2026.
Were John Patrick Banovetz’s 3M (MMM) transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox was not marked, indicating the reported transactions were not designated as being made under a Rule 10b5-1 trading plan. No footnotes in this report describe any pre-arranged trading plan.
What does the Form 4 say about John Patrick Banovetz’s remaining option position in 3M (MMM)?
For the reported non-qualified stock option covering 7,880 shares, the filing shows 0 shares remaining after the exercise. This indicates that particular option grant was fully exercised as of July 23, 2026, with no balance left from that grant.
What additional details do the footnotes provide about John Patrick Banovetz’s 3M (MMM) holdings?
Footnotes explain that his reported share holdings include shares acquired under 3M’s General Employee Stock Purchase Plan and dividend share equivalents accrued quarterly under 3M’s Deferred Compensation Plan, clarifying the components of his overall share balance.