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The charts on this page feature a breakdown of the total annual pay for the top executives at 3M CO as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 3M CO income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 3M CO annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Michael G. Vale
Group President, Safety and Industrial
Total Cash $1,458,062 Equity $3,020,296 Other $70,553 Total Compensation $4,548,911
Michael F. Roman
Chairman of the Board and Chief Executive Officer
Total Cash $2,733,926 Equity $11,000,949 Other $296,512 Total Compensation $14,031,387
Mojdeh Poul
Former Group President, Health Care
Total Cash $596,988 Equity $3,926,295 Other $102,871 Total Compensation $4,626,154
Monish Patolawala
Executive Vice President, Chief Financial and Transformation Officer
Total Cash $1,893,480 Equity $5,590,390 Other $193,293 Total Compensation $7,677,163
Jeffrey R. Lavers
Group President, Consumer and Interim Group President, Health Care
Total Cash $1,047,381 Equity $3,700,338 Other $50,233 Total Compensation $4,797,952
Peter D. Gibbons
Group President, Enterprise Operations
Total Cash $1,221,436 Equity $3,020,120 Other $112,510 Total Compensation $4,354,066
For its 2022 fiscal year, 3M CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Michael F. Roman CEO Pay $14,031,387 Median Employee Pay $70,905 CEO Pay Ratio 198:1
For its 2022 fiscal year, 3M CO, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Amy E. Hood Total Cash $321,096
Dambisa F. Moyo Total Cash $321,021
David B. Dillon Total Cash $346,082
Gregory R. Page Total Cash $346,027
Herbert L. Henkel Total Cash $48,215
James R. Fitterling Total Cash $320,278
Michael L. Eskew Total Cash $366,352
Muhtar Kent Total Cash $341,098
Pamela J. Craig Total Cash $343,400
Patricia A. Woertz Total Cash $50,437
Suzan Kereere Total Cash $361,880
Thomas Total Cash $320,578

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.