Chavez Rodriguez Beatriz Karina 4

What Happened

• Beatriz Karina Chavez Rodriguez, Group President of 3M Company (MMM), sold 1,190 shares in an open-market sale on 2026-02-09 at $171.13 per share, totaling $203,645.
• The Form 4 also reports awards on 2026-02-06 totaling 21,878 derivative units (4,106 and 17,772) reported at $0 — these are awards/grants (derivative interests), not cash purchases. These awards comprise restricted stock units and dividend-equivalent units and include a stock-option style award with multi-year vesting (see footnotes).

Key Details

• Transaction dates/prices:
  • 2026-02-09: Sale (open market) — 1,190 shares @ $171.13 = $203,645.
  • 2026-02-06: Awards/Grants — 4,106 and 17,772 derivative units @ $0 (reported as acquisitions of derivative securities).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • Includes dividend share equivalents accrued quarterly under 3M’s Deferred Compensation Plan.
  • Each restricted stock unit (RSU) represents a contingent right to receive one share.
  • RSUs vest 100% three years from the grant date.
  • The stock option vests in three equal annual installments (first, second, third anniversaries).
• Filing timeliness: Form 4 was filed 2026-02-10; the report covers trades on 2026-02-06 and 02-09 and was submitted within the required reporting window (timely).

Context

• The Feb 9 sale was an open-market disposition (a sale), which is commonly routine; the grants reported on Feb 6 are unvested/contingent awards (RSUs/dividend equivalents and a time-vesting option), so they do not represent immediate shares available to sell.
• No evidence in this filing that options were exercised or that the awards were sold immediately — they vest over future years per the footnotes.