Dickson Zoe L 4
Research Summary
AI-generated summary
3M (MMM) EVP Zoe L. Dickson Exercises RSUs Worth $822K
What Happened
Zoe L. Dickson, EVP & Chief HR Officer of 3M, had 4,764 restricted stock units converted into 4,764 shares on Feb 6, 2026 (reported Feb 9, 2026). The shares were valued at $172.65 each for a gross value of about $822,505. To cover tax/exercise obligations, 1,500 shares (worth about $258,975) were withheld, leaving a net 3,264 shares delivered to Dickson (net value ≈ $563,530). This transaction reflects routine vesting/conversion and tax withholding rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-06; filing date: 2026-02-09 (appears timely).
- Prices/values reported: 4,764 shares @ $172.65 = $822,505 (acquired); 1,500 shares withheld @ $172.65 = $258,975 (disposed for tax/price).
- Net shares received: 3,264 (4,764 − 1,500); net value ≈ $563,530.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 — includes dividend share equivalents accrued under 3M’s Deferred Compensation Plan; F2/F3 — each unit is a contingent right to one share (restricted stock units), which vest 100% three years from grant date Feb 7, 2023.
- Transaction codes: M = exercise/conversion of a derivative (RSU conversion); F = shares withheld to satisfy tax/exercise obligations.
Context
This appears to be a standard RSU vesting/conversion with shares withheld for taxes — a routine compensation event rather than a directional buy or sell signal. The derivative entry at $0.00 reflects cancellation/conversion of the RSU instrument into common shares.