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, 2024
— $ — — $ 4,157
February 1 - 29, 2024
— — — 4,157
March 1 - 31, 2024
— — — 4,157
January 1 - March 31, 2024
— — —
April 1 - 30, 2024
2,177,941 91.82 2,177,941 3,957
May 1 - 31, 2024
— — — 3,957
June 1 - 30, 2024
1,992,549 100.36 1,992,549 3,757
April 1 - June 30, 2024
4,170,490 95.90 4,170,490
July 1 - 31, 2024
— — — 3,757
August 1 - 31, 2024
2,943,166 127.23 2,943,166 3,382
September 1 - 30, 2024
2,244,738 132.23 2,244,738 3,085
July 1 - September 30, 2024
5,187,904 129.39 5,187,904
January 1 - September 30, 2024
9,358,394 114.47 9,358,394
(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.