Murphy Mark W. 4

What Happened

• Mark W. Murphy, Executive Vice President & Chief Information and Digital Officer at 3M, exercised stock options on Feb 6, 2026. He exercised options covering 8,895 shares at an exercise price of $172.65 per share (total exercise cost $1,535,722).
• To satisfy tax withholding, 3,238 of those shares were withheld (disposed) at the same per-share amount, representing $559,041. The underlying option/derivative instrument was cancelled in the exercise. Net shares retained by Murphy after withholding: 5,657 shares (8,895 − 3,238), equivalent to an exercise-cost value of about $976,681.
• This was an option exercise (M) with a tax-withholding disposition (F) — a routine corporate insider transaction rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-02-06; Filing date: 2026-02-09 (filing covers the 2/6 transaction).
• Prices and amounts: 8,895 shares exercised @ $172.65 = $1,535,722; 3,238 shares withheld for taxes @ $172.65 = $559,041; net shares retained = 5,657.
• Shares owned after transaction: not stated in the information provided on this filing.
• Footnotes in the filing: include tax-withholding treatment for the shares (F). Other footnotes in the filing reference 3M’s employee stock purchase plan and restricted stock unit (RSU) terms—e.g., RSUs representing rights to one share each and vesting info from grants—though those RSU notes are ancillary to this specific exercise.
• Filing timeliness: transaction reported with a Form 4 filed on 2026-02-09 for the 2026-02-06 transaction (no late filing flag indicated).

Context

• For retail investors: an option exercise is the conversion of a derivative right into shares; here Murphy paid the exercise price and received common shares, with a portion withheld to cover taxes (a common, administrative step). These entries reflect the exercise price and withholding amounts, not the market value realized if shares were sold.