Chavez Rodriguez Beatriz Karina 4
Research Summary
AI-generated summary
3M (MMM) Group President Beatriz Chavez Receives Award
What Happened
- Beatriz Chavez Rodriguez, Group President of 3M Co. (MMM), had a performance-based award vest on Feb 2, 2026. She was issued 8,650.304 shares of 3M common stock (reported as an award/acquisition at $0). To satisfy tax withholding, 3,945 shares were surrendered (reported as a disposal at $0). The performance award was originally granted March 1, 2023 and the performance level was certified on Feb 2, 2026.
Key Details
- Transaction date: Feb 2, 2026; Form filed Feb 4, 2026 (timely).
- Awarded/acquired: 8,650.304 shares (code A) at $0 per share (award delivery).
- Shares withheld/disposed for taxes: 3,945 shares (code F) at $0 per share; withholding amount was estimated and may be revised (footnote).
- Footnotes: F1—shares delivered per the March 1, 2023 performance share award after certification; F2—tax-withheld share count is an estimate and could be amended; F3—award includes accrued dividend share equivalents under 3M’s Deferred Compensation Plan.
- Shares owned after the transaction: not specified in the provided excerpt.
Context
- This was a vesting/delivery of a performance share award, not an open-market purchase or sale. The surrender of shares was a routine tax-withholding action (common for equity awards). Such awards reflect company compensation outcomes, not necessarily a direct signal of insider buying or selling intent.