Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
Repurchases of 3M common stock are made to support the Company’s stock-based employee compensation plans and for other corporate purposes. In November 2018, 3M’s Board of Directors replaced the Company’s February 2016 repurchase program with a new repurchase program. This new program authorizes the repurchase of up to $10 billion of 3M’s outstanding common stock, with no pre-established end date.
Issuer Purchases of Equity
Securities (registered pursuant to
Section 12 of the Exchange Act)
Period Total Number of
Shares Purchased (1) Average Price
Paid per Share Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs (2) Maximum Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs (Millions)
January 1 - 31, 2022
1,458,623 $ 176.61 1,458,623 $ 5,329
February 1 - 28, 2022
1,445,206 147.03 1,441,534 5,117
March 1 - 31, 2022
1,871,301 145.61 1,871,301 4,845
January 1 - March 31, 2022
4,775,130 155.51 4,771,458
April 1 - 30, 2022
— — — 4,845
May 1 - 31, 2022
— — — 4,845
June 1 - 30, 2022
— — — 4,845
April 1 - June 30, 2022
— — —
January 1 - June 30, 2022
4,775,130 $ 155.51 4,771,458
July 1 - 31, 2022
— — — 4,845
August 1 - 31, 2022
— — — 4,845
September 1 - 30, 2022
1,665,747 114.10 1,665,747 4,655
July 1 - September 30, 2022
1,665,747 114.10 1,665,747
January 1 - September 30, 2022
6,440,877 144.80 6,437,205
____________________
(1) The total number of shares purchased includes: (i) shares purchased under the Board’s authorizations described above, and (ii) shares purchased in connection with the exercise of stock options.
(2) The total number of shares purchased as part of publicly announced plans or programs includes shares purchased under the Board’s authorizations described above.
Item 3. Defaults Upon Senior Securities. — No matters require disclosure.
Item 4. Mine Safety Disclosures. Pursuant to Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), the Company is required to disclose, in connection with the mines it operates, information concerning mine safety violations or other regulatory matters in its periodic reports filed with the SEC. The information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Act is included in Exhibit 95 to this quarterly report.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.