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3M executive sells 7,669 shares after exercise-and-sell event
Kevin H. Rhodes sold the shares at a weighted-average $171.2 each on July 22, 2026, about in line with the stock’s $170.8 close.
A recent SEC Form 4 shows that 3M Company’s (NYSE:MMM) EVP, Chief Legal Officer and Secretary, Kevin H. Rhodes, sold 7,669 shares of common stock on July 22, 2026.
The transaction was structured as an exercise-and-sell, where Rhodes converted 7,669 derivative securities into common stock at an exercise price of $154.69 per share, then sold the entire lot at a weighted-average price of $171.20.
Following the sale, Rhodes retained direct ownership of 43,779 shares, which is about 0.0085% of the company’s outstanding equity. The filing also notes that his reported direct ownership includes dividend share equivalents accrued quarterly through the company’s deferred compensation plan.
The sale price was roughly aligned with the $170.76 closing price on the transaction date, when 3M stock had gained about 13% over the prior 12 months, according to the materials cited from Yahoo Finance.