Bauer Wendy A 4

What Happened

• Wendy A. Bauer, Group President of 3M Company (MMM), received equity awards on 2026-02-06 consisting of two grants totaling 24,230 restricted stock units (RSUs): 4,547 RSUs and 19,683 RSUs. The filing reports these as derivative awards with a reported acquisition price of $0 (i.e., no cash paid at grant). The units represent contingent rights to receive one share each if and when they vest.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (filed within the required two business days).
• Reported price: $0 per unit (award/derivative grant); total reported cash consideration = $0.
• Total units granted: 24,230 RSUs (4,547 + 19,683).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — the RSUs vest 100% three years from the grant date; F3 — the filing also includes a note describing an option vesting schedule (three equal annual installments), though no option exercise/option grant is listed in these transactions.
• Filing timeliness: Filing date indicates the Form 4 was submitted on time under Section 16 reporting rules.

Context

• These are equity awards (RSUs), not open-market purchases or sales. RSUs convert to actual shares only upon vesting; the economic value will depend on 3M’s share price at vesting and any applicable tax withholdings. Such awards are commonly used for long-term incentive and retention and do not reflect an immediate purchase or sale of shares.