3M EVP & CTO Tushar Kshirsagar Reports Routine Tax Withholding on Vested RSUs

Executive Summary

On October 9, 2026, 3M CO ($MMM) filed a Form 4 on behalf of Tushar A. Kshirsagar, Executive Vice President & Chief Technology Officer. The filing reports the settlement of 53 Restricted Stock Units (RSUs) into Common Stock and the subsequent withholding of all 53 shares to satisfy FICA tax obligations for retirement-eligible executives on October 7, 2026. The net impact to open-market shares is zero, rendering the trading significance Low.

Transaction Breakdown

• Derivative Settlement (Code M): 53 RSUs converted into 53 shares of Common Stock at $0 exercise price, valued at $162.12 per share.
• Tax Withholding (Code F): 53 shares withheld by the issuer at $162.12 per share ($8,592.36 total value) to satisfy tax liabilities.
• Remaining Holdings: Following these transactions, Mr. Kshirsagar directly owns 4,775.066 shares of Common Stock (including ESPP purchases) and retains 1,226 unvested RSUs.

Market & Governance Context

This filing reflects non-discretionary executive compensation mechanics and retirement-eligibility tax treatment rather than an active market transaction. It carries no directional signal regarding executive sentiment or business fundamentals.