Murphy Mark W. 4
Research Summary
AI-generated summary
3M (MMM) EVP Mark W. Murphy Receives 11,173 Performance Shares
What Happened
- Mark W. Murphy, EVP & Chief Information and Digital Officer at 3M (MMM), had performance-based awards certified and 11,173.408 shares reported as acquired on Feb 2, 2026 (award/vesting). The shares are recorded at $0.00 per share (award value reported as $0).
- The filing also shows 603 shares surrendered/withheld to cover tax obligations (code F) at $0.00. The tax withholding was estimated and may be revised.
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-04.
- Primary codes: A = Award/Grant (11,173.408 shares @ $0.00); F = Tax withholding/payment (603 shares @ $0.00).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — these shares are performance share awards granted Mar 1, 2023; vesting was certified on Feb 2, 2026; the reporting person elected to defer receipt of 93% of the shares and will not have voting/investment powers over deferred shares until issued. F2 — the number of shares withheld for taxes was estimated and will be revised if needed. F3 — references inclusion of shares acquired under 3M’s Employee Stock Purchase Plan.
- Filing timeliness: transaction reported within two days on the Form 4 filing date; no late filing indicator shown.
Context
- This was a performance-share vesting event (not an open-market buy or sale). Awards are typically compensation-related and do not necessarily signal a personal buy/sell decision. A large portion (93%) was deferred per the executive’s prior election, and a modest number of shares were withheld to cover taxes.