Rhodes Kevin H 4
4 · 3M CO · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
3M (MMM) EVP Kevin Rhodes Receives Performance Share Award
What Happened Kevin H. Rhodes, EVP, Chief Legal Officer & Secretary of 3M Company, received a performance-based award that vested on 2026-02-02: 23,251.392 shares were acquired (code A) at $0.00 per share. Per the filing, 4,732 shares were disposed (code F) to satisfy tax withholding obligations; this reflects withholding, not an open-market sale. The underlying award was originally granted March 1, 2023, and its performance-based vesting was certified on the reported date.
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (appears timely under Form 4 rules).
- Awarded/acquired: 23,251.392 shares @ $0.00 (performance share award).
- Shares withheld for taxes (disposed): 4,732 shares @ $0.00; tax-withholding amount was estimated and may be revised.
- Shares owned after transaction: not specified in this Form 4.
- Footnotes:
- Award tied to March 1, 2023 performance share grant; vesting certified on 2/2/2026.
- Reporting person elected to defer receipt of 50% of the shares; deferred shares will not carry voting or investment power until issued.
- Dividend share equivalents are included, accrued quarterly under 3M’s Deferred Compensation Plan.
Context This was a performance-share vesting event (award delivery plus tax withholding), not a market purchase or opportunistic sale. Half of the vested shares are being deferred per the executive’s election, and the share withholding was an internal tax-related disposition rather than a signal of selling into the market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-02+23,251.392→ 38,470.338 total - Tax Payment
Common Stock
[F2][F3]2026-02-02−4,732→ 33,738.338 total
Footnotes (3)
- [F1]Represents shares of 3M common stock that will be delivered pursuant to the terms of performance share awards made to the reporting person on March 1, 2023. The performance-based vesting requirements applicable to such awards were satisfied on the date reported in Column 2 above, which represents the date on which the level of performance attained was certified. The reporting person previously elected to defer receipt of fifty percent of the shares and will not have voting or investment powers with respect to such shares until they are issued.
- [F2]The number of shares withheld for taxes was estimated and will be revised by amendment if necessary.
- [F3]Includes dividend share equivalents, accrued quarterly, pursuant to 3M's Deferred Compensation Plan.