Dickson Zoe L 4

What Happened

• Zoe L. Dickson, Executive Vice President & Chief Human Resources Officer at 3M (MMM), exercised 25,055 stock options and concurrently sold 25,055 shares on Feb 9, 2026.
• Exercise: 25,055 shares acquired at an exercise price of $102.89 per share, cost ≈ $2,577,909.
• Sale: 25,055 shares sold in the open market at a weighted-average price of $170.34 per share, proceeds ≈ $4,267,869.
• The filing also lists a related derivative entry for 25,055 shares reported with a $0.00 price (reported as disposed) — this reflects the conversion/settlement reporting related to the option exercise (see footnotes).

Key Details

• Transaction date: 2026-02-09; Form filed: 2026-02-10 (timely filing).
• Sale price range: $170.16–$170.47 (weighted average reported as $170.34). (Footnote F1)
• Exercise price: $102.89 per share; total exercise cost ≈ $2.58M.
• Sale proceeds: ≈ $4.27M.
• Footnotes: F2 notes inclusion of dividend share equivalents under 3M’s Deferred Compensation Plan; F3 describes vesting schedule for the stock option (three equal annual installments).
• Shares owned after the transactions are not provided in the excerpt—check the full Form 4 for post-transaction holdings.

Context

• Because the shares were exercised and then sold the same day, this is effectively a cashless exercise (exercise followed by immediate sale), which is a common way for insiders to realize option value and cover exercise costs or taxes.
• This disclosure is factual reporting of the exercise and sale; it does not, by itself, indicate the insider’s view of the company’s future performance.