3M (MMM) EVP Kevin Rhodes amends Form 4 to correct tax share withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
3M Company executive Kevin H. Rhodes filed an amended Form 4 updating a prior tax-related share disposition. The amendment corrects the number of 3M common shares withheld to cover taxes to 5,837.141 shares on a transaction dated February 2, 2026. After this tax-withholding disposition, Rhodes directly held 32,633.1969 3M common shares. The footnote explains that the originally reported withheld amount had been estimated and is now updated to reflect the actual shares withheld.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rhodes Kevin H
Role
EVP, Chief Legal Off & Secret
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,837.141 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,633.197 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did 3M (MMM) report for Kevin H. Rhodes?
3M reported that executive Kevin H. Rhodes corrected a prior insider filing to show 5,837.141 common shares were withheld on February 2, 2026 to satisfy tax obligations, leaving him with direct ownership of 32,633.1969 3M common shares after the tax-withholding disposition.
Why did Kevin H. Rhodes file an amended Form 4 for 3M (MMM)?
Kevin H. Rhodes filed an amended Form 4 because the original number of 3M shares reported as withheld for taxes was only an estimate. The amendment updates the filing with the actual number of shares withheld to cover his tax liability on the underlying equity transaction.
Does the amended 3M (MMM) Form 4 indicate an open-market sale by Kevin H. Rhodes?
No, the amended Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by 3M to pay taxes owed on an equity transaction, as indicated by the F transaction code and the description related to tax liability payment.
What does transaction code F mean in the 3M (MMM) Form 4 amendment?
Transaction code F on the amended Form 4 indicates that 3M shares were used to pay the exercise price or related tax liability. For Kevin H. Rhodes, 5,837.141 common shares were withheld by the issuer specifically to satisfy his tax obligation on the underlying award.