Thread regarding 3M layoffs

According to latest SEC filing ( Sep 12, 2022) :

E Hammes tendered 700 shares for the Neogen stock exchange, 51 shares were accepted.

M Vale tendered 491 shares for the Neogen stock exchange, 36 shares were accepted.

How many shares were exchanged is not significant here. The trend ( consistent selling shares by top dogs at 3Mbin 2022 ) however is significant .

This is following up on their recent actions regarding selling thousands of 3M shares in May 2022 ( covered by an earlier post here).

Even top honchos at 3M don't have any confidence in the decisions that they make for the company. Should you have any confidence at all ???

Market cap nearing 60B

Travesty

This is shameless. They lie snd try to paint a roses picture, but in the background they are selling their shares based on what they really think is going on. Instead of listening to management we need to only watch what they are actually doing such as this activity. To me senior level mgt should have their shares in a blind trust as it is apparent that their inside knowledge of reality was NOT aligned to their roses messages. Not much difference to insider trading in my view. Plus by them dumping it just screws the employees even more.

They see the upcoming repression in the distance.

A trend like this means only one thing.....stock price will not recover in the next 4 to 6 years or more.

Top dogs know this and are this selling stocks and options as much as legally possible without drawing too much unwanted attention !

Their salary includes stock options. If they sell it at the value it was worth or less then they pay no capital gains since it was already taxed on their pay-check. .

I left 3M several years ago. Just this month I took my pension in a lump sum.