3M Co. EVP Kevin Rhodes Disposes Shares for FICA Tax Withholding
3M CO
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Filing Summary
{
"title": "3M Co. (MMM) - Form 4 Filing Update",
"color": 3447003,
"fields": [
{"name": "Insider", "value": "Kevin H. Rhodes (EVP, Chief Legal Off & Secret)", "inline": true},
{"name": "Transaction Type", "value": "Tax Withholding (F)", "inline": true},
{"name": "Shares", "value": "176 @ $162.12", "inline": true},
{"name": "Total Value", "value": "$28,533.12", "inline": true},
{"name": "Shares Owned After", "value": "43,852.0608", "inline": true},
{"name": "Significance", "value": "Low (Routine tax obligation)", "inline": false}
],
"footer": {"text": "Accession: 0000066740-26-000296 | Date: 2026-10-09"}
}
Comprehensive Analysis
Executive Summary
On October 7, 2026, Kevin H. Rhodes, Executive Vice President, Chief Legal Officer & Secretary of 3M Co. ($MMM), converted 176 Restricted Stock Units into common shares and subsequently had 176 shares withheld by the issuer to satisfy FICA tax obligations for retirement-eligible executives. The disposition occurred at a price of $162.12 per share, representing an aggregate transaction value of $28,533.12.
Transaction Analysis
- Derivative Exercise (Code M): 176 RSUs vested and converted into 176 shares of common stock at an exercise price of $0.00.
- Tax Withholding (Code F): All 176 shares acquired were immediately withheld at the fair market value of $162.12 per share to cover FICA tax liability triggered by retirement eligibility.
- Net Change in Ownership: Net direct holdings remained unchanged at 43,852.0608 shares (which includes dividend equivalents accrued under 3M's Deferred Compensation Plan). Derivative holdings decreased to 4,067 RSUs.
Trading Significance
This transaction carries Low informational significance. It represents a routine, non-discretionary tax withholding transaction rather than an open-market sale or purchase. Such events reflect administrative tax compliance rather than executive sentiment regarding the company's prospective valuation.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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