Reinseth Theresa E 4

What Happened Theresa E. Reinseth, Senior Vice President & Chief Accounting Officer at 3M, exercised/converted derivative awards on 2026-02-06 that resulted in the acquisition of 2,655 shares attributed at $172.65 per share (total $458,386). To satisfy tax withholding obligations, 858 of those shares were withheld/retired (reported as a disposition) at the same per-share value ($148,134). The Form 4 also shows a derivative conversion line (2,655 shares at $0.00), consistent with restricted stock units being settled into common shares.

Key Details

• Transaction date: 2026-02-06; Form 4 filed 2026-02-09 (appears timely).
• Main codes reported: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld).
• Shares acquired: 2,655 at $172.65 (value ~$458,386).
• Shares withheld for taxes: 858 at $172.65 (value ~$148,134).
• Footnotes: F2/F3 indicate these were restricted stock units (each RSU = right to one share) that vest 100% three years from the grant date of Feb 7, 2023. F1 notes dividend reinvestment plan usage in other contexts.
• Post-transaction share ownership: Not specified in the provided filing excerpt.

Context

• The transaction appears to be an exercise/settlement of company awards (RSUs/options) with shares withheld to cover taxes — a common, administrative “cashless” settlement rather than an open-market sale. That means this filing shows an insider acquiring shares net of tax withholding, not a cash sale to the market.
• Facts only — no inference about motivation. For retail investors, exercises/vestings show insiders acquiring stock (after withholding), which some interpret as neutral-to-positive but are often routine due to award schedules.