Rhodes Kevin H 4/A
Research Summary
AI-generated summary
3M (MMM) EVP Kevin Rhodes — Tax Withholding of 5,837.141 Shares
What Happened
Kevin H. Rhodes, Executive Vice President and Chief Legal Officer & Secretary of 3M Co. (MMM), had 5,837.141 shares withheld on 2026-02-02 to satisfy tax withholding obligations related to a prior equity transaction. The withholding is reported as a disposition at $0.00 proceeds (company-retained shares to cover taxes). This filing is an amendment updating the previously estimated number of shares withheld to the actual number.
Key Details
- Transaction date: 2026-02-02; Report filed as an amendment on 2026-02-18 (amended to update actual withholding).
- Transaction type/code: F — Payment of exercise price or tax liability by delivering or withholding securities.
- Shares withheld/disposed: 5,837.141 shares; reported price $0.00; proceeds $0.
- Footnote: The original Form 4 used an estimated number of shares withheld for taxes; this amendment reports the actual number (F1).
- Shares owned after transaction: Not specified in the information provided.
Context
Tax-withholding dispositions are routine when restricted shares vest or options are exercised; the company retains shares to cover tax obligations rather than selling them in the open market. Such withholdings are administrative and generally do not signal insider sentiment about the stock.