Banovetz John Patrick 4/A
4/A · 3M CO · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
3M (MMM) EVP John Patrick Banovetz Withholds 5,629 Shares for Taxes
What Happened
John Patrick Banovetz, Executive Vice President of 3M Company (MMM), had 5,629 shares withheld on 2026-02-02 to cover tax liabilities related to equity awards. The transaction is reported as a disposition with a reported price of $0.00 and total proceeds of $0 (tax withholding rather than an open-market sale).
Key Details
- Transaction date: 2026-02-02
- Transaction type/code: Tax withholding to pay tax liability (Form 4 code F)
- Shares withheld/disposed: 5,629; reported price: $0.00; total reported proceeds: $0
- Filing: This is an amended Form 4 filed 2026-02-18 updating the actual number of shares withheld (footnote F1 indicates the originally reported withholding was an estimate)
- Shares owned after transaction: not specified in the provided excerpt
Context
Share withholding to satisfy tax obligations is a routine administrative disposition common when options vest or restricted shares settle. It is not an open-market sale and generally does not signal insider sentiment about the company’s stock. The amendment simply corrects the previously estimated withholding figure to the actual number.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-02−5,629→ 38,745.125 total
Footnotes (1)
- [F1]The number of shares previously reported as being withheld for the payment of taxes was estimated. This amendment is being filed to update the Form 4 with the actual number of shares withheld.