Chavez Rodriguez Beatriz Karina 4

What Happened

• Beatriz Chavez Rodriguez, Group President of 3M, exercised/converted derivative awards on Feb 6, 2026 to acquire 6,887 shares of 3M common stock at an exercise price of $172.65 per share, representing about $1,189,041 in value. To cover exercise price and/or tax withholding, 2,307 shares were surrendered/withheld (disposition) at the same $172.65 price, valued at roughly $398,304.
• The filing also records a conversion/settlement of 6,887 derivative units at $0 (a non‑cash conversion), consistent with conversion of restricted stock units or similar awards.

Key Details

• Transaction date: 2026-02-06. Filing date: 2026-02-09 (no timeliness flag provided in the data).
• Exercise: 6,887 shares at $172.65 = $1,189,041 (code M).
• Tax/price withholding: 2,307 shares at $172.65 = $398,304 (code F).
• A $0 conversion/settlement of 6,887 derivative units is also reported (indicates conversion of awards to shares).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Footnotes: F1 relates to dividend share equivalents under 3M’s Deferred Compensation Plan; F2 notes each restricted stock unit equals one share; F3 says those RSUs vest 100% three years from the Feb 7, 2023 grant date.

Context

• This looks like an exercise/conversion of company awards with shares withheld to cover taxes/exercise costs (a common cashless or share‑surrender approach), not an open‑market sale. Purchases/exercises increase the insider’s direct share exposure, while the withheld shares are routine tax withholding rather than a discretionary sale.
• The filing does not state any 10b5‑1 plan or late‑filing flag in the provided data.