Reading other posts asking this question, I thought I’d ask it again in a new, separate post. Lacking any other defenses or strategies stated by the company,, is 3M Executive Management and the BOD shorting the stock? We need full disclosure of the positions of these people.
6 replies (most recent on top)
- MMM
Massive litigations,Mass Layoffs, M.o.r.o.n.i.c Management still in power earning Millions of $$$.
The BOD and certain other executives have to file reports on all of their 3M stock transactions with the SEC. Those can be easily found online, search "MMM insider transactions".
Lower ranking executives do not have to report their stock transactions to anyone.
3M LTIP stock option transactions however are reported to 3M for tax purposes but a person cannot 'short sell' an LTIP stock option. However if anyone is aware of any 3M executive short selling 3M stock, I suggest a report to the SEC.
In general most individuals do NOT have to report their short selling to anyone. It is a perfectly legal stock trade and has been for a great many years.
Is there a way to look up that info? I mean, I’m sure short positions should be public knowledge, atleast after a certain time period. Isn’t this how/why GME stock went crazy, because a bunch of people found out that certain hedgefunds shorted GME stock? Then again I don’t know much about wall street or how it works. Franky, didnt even know shorting was a thing until the GME situation
If anyone knows of an executive or board member who has shorted the stock, I stongly suggest a report to the SEC. ( https://www.sec.gov/tcr )
Executives and the BOD are forbidden to short 3M stock - it is explicitly prohibited by company policies and corporate by-laws. Anyone who has received the stock options or RSUs as part of their pay has had to agree not to short the stock.
In addition for the BOD and some other executives shorting is probably illegal under SEC rule 10b-5.
They just don't care
Based on the lack of accountability for the stock performance over the past few years, I’m hard pressed to argue against this statement. What else would be reason for the BOD and Exec Management to accept the business and stock performance?