3M CO 4

Executive Vice President John Patrick Banovetz of 3M Co exercised 7,880 stock options at $154.69 and sold 7,880 common shares at $170.44 on July 23, 2026, ending with about 50,057 shares owned.

On July 23, 2026, 3M Co Executive Vice President John Patrick Banovetz exercised 7,880 non-qualified stock options at an exercise price of $154.69 per share, acquiring 7,880 shares of common stock, and on the same day sold 7,880 shares at $170.44 per share in a disposition likely structured to cover the cost of the option exercise and/or taxes. The gross value associated with the option exercise was approximately $1.22 million, while the sale generated proceeds of about $1.34 million, implying a spread capture in the low six figures. Following these transactions, Banovetz reported direct ownership of 50,056.816 shares of 3M common stock, which at the current market price of about $169.59 per share represents an equity stake of roughly $8.5 million. The filing notes that his holdings include shares acquired under 3M's General Employee Stock Purchase Plan and dividend share equivalents accrued under the company's Deferred Compensation Plan, indicating an ongoing accumulation of equity through compensation and benefit programs rather than a net reduction in his long-term position from this specific transaction set.

Filing Facts

CIK

66740

Ticker

MMM

Form

4

Source Type

sec

Accession

0000066740-26-000255

Alert Tier

6