Mitchill Neil G. JR 4

What Happened
Neil G. Mitchill Jr., a non-employee director of 3M Co. (MMM), was credited with 313.921 shares on 2026-02-06 as an award/acquisition (code A). The shares are recorded at $165.08 each, for a total value of approximately $51,822. This was an award credited under the company's non-employee director compensation arrangements rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-06 (Period of Report); Form 4 filed 2026-02-09 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares credited: 313.921 at $165.08 per share — total value ≈ $51,822.
• Shares owned after transaction: Not reported on the Form 4.
• Footnote: The director elected to defer compensation into a common stock equivalents account under 3M’s Compensation Plan for Non‑employee Directors; he has no voting or investment powers with respect to that account (per footnote F1).
• No indication of 10b5-1, tax withholding, cashless exercise, or late filing in this report.

Context
This transaction reflects deferred compensation for a non-employee director rather than a cash purchase or sale by an insider. Common stock equivalents typically track the value of company shares for deferred pay purposes but, per the filing, do not grant current voting or investment control. Such awards are routine for board compensation and should be interpreted as compensation-related credits rather than direct equity purchases signaling a personal investment decision.