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MedTech & Diagnostics

3M Executive Compensation (FY25)

MMM · St Paul, MN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
William Brown
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 20, 2026Latest filing (8-K): May 13, 2026
13 filings cited on this page
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336 figures on this page: 327 cited to the filing that reported them, 9 calculated from figures it prints. See the citations

More on 3M

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — William Brown: $21,191,031 → $21,005,009 (0.9% lower)
Say-on-pay support: 90.5% → 94.0% (3.5 points higher)
CEO pay ratio: 369:1 → 316:1 (14.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is 3M's chief executive and what were they paid?
William Brown was paid $21,005,009 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Brown's total was 0.9% lower than the $21,191,031 reported for fiscal 2024.
What was 3M's say-on-pay result?
The say-on-pay proposal drew 94.0% of votes cast including abstentions in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in 3M's peer group?
The disclosed peer group names Carrier Global Corporation, Caterpillar Inc., Colgate-Palmolive Company, Corning Incorporated and Cummins Inc., among others.
What is 3M's chief executive pay ratio?
The company reported a chief executive pay ratio of 316:1 for fiscal 2025, against median employee compensation of $66,524.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Roman
Chairman of the Board and Chief Executive Officer
◇—◇◇◇—◇◇
Monish Patolawala
President and Chief Financial Officer
◇—◇◇◇—◇◇
Jeffrey Lavers
Group President, Consumer and Interim Group President, Health Care
◇—◇◇◇◇◇◇
Mojdeh Poul
Former Group President, Health Care
Departed during or after this year
◇—◇—◇—◇◇
Michael Vale
Group President, Safety and Industrial
◇—◇◇◇—◇◇
Peter Gibbons
Group President, Enterprise Supply Chain
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Bryan Hanson
Group President and Chief Executive Officer, Health Care
◇◇◇—◇—◇◇
Michael Roman
Chairman of the Board and Chief Executive Officer
◇—◇◇◇—◇◇
Monish Patolawala
President and Chief Financial Officer
◇—◇◇◇—◇◇
Kevin Rhodes
Executive Vice President and Chief Legal Affairs Officer
◇—◇—◇◇◇◇
Peter Gibbons
Group President, Enterprise Supply Chain
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Brown
Chairman and Chief Executive Officer
◇◇◇◇◇—◇◇
Anurag Maheshwari
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Christian Goralski
Group President, Safety and Industrial
◇—◇—◇—◇◇
Wendy Bauer
Group President, Transportation and Electronics
◇◇◇—◇—◇◇
Theresa Reinseth
Corporate Controller and Chief Accounting Officer
◇◇◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Brown
Chairman and Chief Executive Officer
◇—◇◇◇—◇◇
Anurag Maheshwari
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Kevin Rhodes
Executive Vice President, Chief Legal Affairs Officer and Secretary
◇—◇◇◇◇◇◇
Christian Goralski
Group President, Safety and Industrial
◇—◇◇◇—◇◇
Wendy Bauer
Group President, Transportation and Electronics
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anurag MaheshwariPSU◇◇◇—◇—◇
Anurag MaheshwariOPTION◇——◇—◇◇
Anurag MaheshwariRSU◇——◇——◇
Christian T. GoralskiPSU◇◇◇—◇—◇
Christian T. GoralskiRSU◇——◇——◇
Christian T. GoralskiOPTION◇——◇—◇◇
Kevin H. RhodesPSU◇◇◇—◇—◇
Kevin H. RhodesRSU◇——◇——◇
Kevin H. RhodesOPTION◇——◇—◇◇
Wendy A. BauerPSU◇◇◇—◇—◇
Wendy A. BauerOPTION◇——◇—◇◇
Wendy A. BauerRSU◇——◇——◇
William M. BrownPSU◇◇◇—◇—◇
William M. BrownOPTION◇——◇—◇◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Anurag MaheshwariRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
Kevin RhodesRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
Wendy BauerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
Christian GoralskiRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
William BrownRSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Anurag Maheshwari
Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Equity acceleration on change in control◇
Excise tax treatment◇
Christian Goralski
Group President, Safety and Industrial · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇
Kevin Rhodes
Executive Vice President, Chief Legal Affairs Officer and Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇
Wendy Bauer
Group President, Transportation and Electronics · Terms as described in the company’s compensation discussion · citing a 2026 filing
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James R. Fitterling
Lead independent director
◇◇———◇◇
David P. Bozeman
◇◇———◇◇
Anne H. Chow
◇◇———◇◇
Thomas Tony K. Brown
◇◇———◇◇
Thomas W. Sweet
◇◇———◇◇
David B. Dillon
◇◇———◇◇
Pedro J. Pizarro
◇◇———◇◇
Audrey Choi
◇◇———◇◇
Suzan Kereere
◇◇———◇◇
Gregory R. Page
◇◇———◇◇
Amy E. Hood
◇————◇◇
Neil G. Mitchill Jr and William M. Brown served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as DSUs (Deferred Stock Units) / Common Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Carrier Global Corporation CARR
  • Caterpillar Inc. CAT
  • Colgate-Palmolive Company CL
  • Corning Incorporated GLW
  • Cummins Inc. CMI
  • Deere & Company DE
  • Dow Inc. DOW
  • DuPont de Nemours, Inc. DD
  • Eaton Corporation plc ETN
  • Ecolab Inc. ECL
  • Emerson Electric Co. EMR
  • GE Aerospace symbol not shown
  • General Dynamics Corporation GD
  • Honeywell International Inc. HON
  • Illinois Tool Works Inc. ITW
  • Johnson Controls International plc JCI
  • Kimberly-Clark Corporation KMB
  • Northrop Grumman Corporation NOC
  • Parker-Hannifin Corporation PH
  • TE Connectivity plc TEL
  • Trane Technologies plc TT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 9, 2023=◇◇◇
2021May 10, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 8, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- William Brown (Chairman and Chief Executive Officer), FY2025 total compensation $21,005,009 (base salary $1,800,000) [exec_comp, SEC accession 0000066740-26-000151, filed 2026-03-25]

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What this page does not include

Everything above is a fact 3M disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where 3M sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
336 figures on this page: 327 cited to the filing that reported them, 9 calculated from figures it prints.
327 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000066740-26-000221
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000066740-26-000151
    Compensation Discussion and Analysis · Director compensation · Grants of plan-based awards · Pay ratio
  3. 0000066740-25-000052
  4. 0000066740-25-000029
    2024 summary compensation table
  5. 0000066740-24-000058
  6. 0000066740-24-000037
    2023 summary compensation table
  7. 0000066740-23-000035
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001308179-23-000288
    2022 summary compensation table
  9. 0000066740-22-000041
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-21-065945
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-20-060912
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-19-029725
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001104659-18-031666
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “3M executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MMM (accessed 2026).
Short form: data: Velarion

The paid brief for 3M

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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13 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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MedTech & Diagnostics rankings

Chief executive pay — MedTech & DiagnosticsCEO pay ratio — MedTech & DiagnosticsSay-on-pay support — MedTech & Diagnostics

Peers 3M discloses

The companies named in MMM's own disclosed peer group.

Carrier Global CorporationCaterpillar Inc.Colgate-Palmolive CompanyCorning IncorporatedCummins Inc.Deere & CompanyDow Inc.DuPont de Nemours, Inc.Eaton Corporation plcEcolab Inc.Emerson Electric Co.General Dynamics CorporationHoneywell International Inc.Illinois Tool Works Inc.Johnson Controls International plcKimberly-Clark CorporationNorthrop Grumman CorporationParker-Hannifin CorporationTE Connectivity plcTrane Technologies plc

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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