Fitterling James R 4

What Happened

• James R. Fitterling, a non-employee director of 3M Company (MMM), was credited with 287.929 shares as an award/acquisition on January 23, 2026. The reported per-share valuation for the award was $160.63, for a total value of $46,250.
• This was an award under director compensation arrangements (not an open-market purchase or sale), reflecting deferred compensation being converted into common stock equivalents.

Key Details

• Transaction date: 2026-01-23. Transaction type: Award/Acquisition (code A).
• Shares reported: 287.929 shares at $160.63 per share; total value reported $46,250.
• Shares owned after transaction: not disclosed in the excerpt provided.
• Footnotes from the filing:
  • F1: The director elected to defer compensation into a common stock equivalents account under 3M’s Compensation Plan for Non-employee Directors; the director has no voting or investment powers over that account.
  • F2: Includes acquisition of deferred dividend reinvestment shares under the same plan.
• Filing timeliness: Report lists the period and filing date as 2026-01-23, indicating a timely filing for the transaction date.

Context

• This transaction represents routine director compensation being credited or converted into stock equivalents rather than an outright purchase or sale; such awards are common and don't necessarily signal the insider's view of the stock.
• Because the shares are held as deferred stock equivalents (per F1), the director does not have immediate voting/investment rights over them, which is typical for deferred-compensation arrangements.