Banovetz John Patrick 4

What Happened

John Patrick Banovetz, Executive Vice President of 3M Company (MMM), was granted two awards of restricted stock units (RSUs) on February 6, 2026: 12,851 RSUs and 2,969 RSUs, for a total of 15,820 RSUs. Both awards are reported as derivative acquisitions at a grant price of $0.00 (typical for equity compensation grants), meaning no cash was exchanged at grant. These RSUs represent contingent rights to receive common shares if vesting conditions are met.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (timely filing).
• Grants: 12,851 RSUs @ $0.00 and 2,969 RSUs @ $0.00 (total 15,820 RSUs).
• Vesting: Footnote F2 — the RSUs vest 100% three years from the grant date.
• Footnote F1: Each RSU represents a contingent right to one share of 3M common stock.
• Footnote F3: Separately describes an option vesting schedule (three equal annual installments); not applied to the RSU grants listed here.
• Shares owned after the transaction: not specified in the information provided.

Context

RSU grants are a common form of long-term compensation intended to retain executives; they do not require an upfront purchase and only convert into actual shares if and when vesting conditions are met. Because this is an award (not an open-market purchase or sale), it should be viewed as compensation rather than a direct bullish or bearish trading signal. The filing appears timely under Form 4 reporting rules.