Rhodes Kevin H

EVP Kevin H Rhodes sold 7,976 shares of MMM at $154.02; holding -34.5%, well-timed vs. prior MMM trade; revenue down -24.8% YoY

Rhodes sold 7,976 shares (approximately 34.5% of pre-transaction holdings) at $154.02, reducing his stake from 23,123 to 15,147 shares. His prior sell at this ticker on 2025-01-27 showed a 90-day decline of -8.4%, establishing a pattern of well-timed exits at MMM. The current context is material: 3M's annual revenue declined -24.8% year-over-year, signaling significant operational contraction. While the current stock price of $149.40 is 3.7% below the 52-week high of $155.12, the transaction at $154.02 captured near-peak valuation levels before the subsequent decline. The combination of substantial shareholding reduction and a fundamental revenue deterioration warrant attention to whether this reflects heightened insider caution regarding near-term business trajectory.

EVP Rhodes sells 6,743 shares of 3M (MMM) at $149.85; holdings shrink 57.9% amid -4.5% annual revenue decline and full-year losses.

Kevin Rhodes, Chief Legal Officer and Secretary at 3M, executed a substantial liquidation on 2025-01-27, selling 6,743 shares at $149.85 for $1,010,415.62, reducing his shareholdings from 11,645 shares to 4,902 shares—a 57.9% reduction. This sale occurs in a context where the company faced significant headwinds: full-year net income was negative, annual revenue declined 4.5%, and the company reported only $1.4B net income against $6.3B in latest quarterly revenue while carrying a P/E of 18.78. The magnitude of the position reduction—nearly 58% of holdings—alongside 3M's negative full-year profitability and revenue contraction suggests material reassessment of shareholding priorities at the executive level.