BROWN THOMAS K 4

What Happened

Thomas K. Brown, a non-employee director of 3M Company (MMM), received an award/acquisition of 1,360.402 shares on 2026-05-12 at an effective price of $143.34 per share, for a total value of $195,000. The Form 4 reports this transaction as an "A" (award/acquisition) and reflects shares acquired under 3M's Compensation Plan for Non-Employee Directors.

Key Details

• Transaction date: 2026-05-12; filing date: 2026-05-13 (timely).
• Reported price: $143.34 per share; total value reported: $195,000.
• Shares acquired: 1,360.402.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1 — Includes acquisition of deferred dividend reinvestment shares under 3M's Non-Employee Director Compensation Plan.
  • F2 — Director elected to defer cash/stock compensation into a common stock equivalents account and has no voting or investment powers over that account.
• Transaction code: A (Award/Acquisition). No 10b5-1 plan, tax withholding, or late-filing flags were reported.

Context

This was a routine director compensation transaction (including deferred dividend reinvestment and deferral election), not an open-market buy or sale. Because the shares were acquired as part of 3M's director pay program and some were deferred into a stock-equivalents account with no voting power, the transaction is generally considered administrative/compensatory rather than a direct bullish signal from the director.