Gallagher Paul Joseph 4

What Happened

• Paul Joseph Gallagher, Group President of 3M (MMM), received two restricted stock unit (RSU) awards on 2026-02-06 totaling 20,835 RSUs (3,910 + 16,925). The grants are reported as awards (transaction code A) at $0.00 per unit — a typical compensation grant (derivative award) rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (timely filing).
• Award details: 3,910 RSUs and 16,925 RSUs; combined = 20,835 RSUs; reported price $0.00 (award).
• Vesting: RSUs vest 100% three years from the grant date (Footnote F2).
• Conversion: Each RSU represents a contingent right to one share of 3M common stock (Footnote F1).
• Footnote F3 refers to a stock option vesting schedule (three equal annual installments); no option exercise or option grant is reported in these transactions.
• Shares owned after the transaction: not specified in the provided excerpt — see the full filing for total beneficial ownership.

Context

• This is a compensation award (RSUs). RSU grants are common for executives and do not involve immediate cash purchase or sale; they convert to shares only when vested and may be subject to tax withholding. Such grants are routine and do not by themselves indicate the insider’s near-term trading intent.