3M director receives stock award under board plan
3M director Thomas K. Brown reported routine equity compensation rather than an open-market trade.
Rhea-AI Filing Summary
3M director Thomas K. Brown reported routine equity compensation rather than an open-market trade. A corporate entity associated with him acquired 1,360.402 shares of common stock at $143.34 per share as a grant or award under 3M's Compensation Plan for Non-Employee Directors, through deferred dividend reinvestment and deferral of director compensation into a common stock equivalents account. According to the footnotes, he has no voting or investment power over this account. Following the transactions, he holds 1,293.727 shares directly and 17,687.169 shares indirectly through the corporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,360.402 | $143.34 | $195K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Includes acquisition of deferred dividend reinvestment shares pursuant to 3M's Compensation Plan for Non-Employee Directors.
- F2. 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
FAQ
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What did 3M (MMM) director Thomas K. Brown report in this Form 4?
Was the 3M (MMM) Form 4 transaction a market buy or sell?
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