3M CO: Evp, chief legal off & secret Rhodes Kevin H exercised 176 shares

What happened Kevin H Rhodes, EVP, chief legal off & secret, exercised derivative awards to acquire 176 shares at $162.12 on Oct 7, 2026, for $28,533. The Form 4 also reports a payment of exercise price or tax liability of 176 shares valued at $28,533 (shares withheld), and a separate derivative disposition of 176 shares with $0.00 value.

Key details

• Transaction dates and prices: Oct 7, 2026 — exercise (M) 176 shares @ $162.12 acquired for $28,533; Oct 7, 2026 — payment of exercise price/tax (F) 176 shares @ $162.12 disposed for $28,533; Oct 7, 2026 — exercise/conversion (M) 176 shares @ $0.00 disposed (derivative).
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes: F1 — shares withheld for FICA tax for retirement eligible executives. Other footnotes in the filing (F2–F4) relate to dividend equivalents and restricted stock unit terms.
• Filing date: filed Oct 9, 2026, reporting transactions dated Oct 7, 2026; the Form 4 does not indicate it was late.

Why it may matter

• The filing shows an exercise where shares were acquired and an equal number were withheld to satisfy tax obligations, consistent with a cashless/net exercise rather than a straight market sale.
• The filing does not show why the insider traded or why the company acted.