3M (MMM) executive compensation, 2026 proxy

William M. Brown, Chairman and Chief Executive Officer, was paid $21M in 2025, down 1% from $21.2M the year before. The CEO-to-median-employee pay ratio was 316:1, on median employee pay of $66,524.

Filed
March 25, 2026
Annual meeting
May 12, 2026
Pay year
2025
Named executives
5
CEO total pay
$21M-1% vs prior year
CEO to median employee
316:1median $66,524
CEO pay in equity
70%$14.8M in awards
CEO At-Risk Pay
90%Of target total direct compensation
Other NEOs At-Risk Pay
82%Average target apportionment
Annual Incentive Payout
118.9%Based on overall company performance
2023 PSA Payout
118.4%Three-year performance share award
Shareholder Return 1-Year
26.4%Total shareholder return ending 2025

How Brown was paid

$21M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary9%Stock awards37%Option awards33%Non-equity incentive18%All other compensation3%

Named executive officers

ExecutiveTotal
William M. BrownChairman and Chief Executive Officer$21,005,009
Anurag MaheshwariExecutive Vice President and Chief Financial Officer$7,482,301
Wendy A. BauerGroup President, Transportation and Electronics$5,162,777
Christian T. GoralskiGroup President, Safety and Industrial$5,389,578
Kevin H. RhodesExecutive Vice President, Chief Legal Affairs Officer and Secretary$6,736,806

What changed and why

  • $21MWilliam M. Brown received total compensation of $21,005,009 in 2025, compared to $21,191,031 in 2024.
  • 90%Incentive-based at-risk pay represented 90% of target total direct compensation for the CEO.
  • 118.9%The annual incentive plan paid out at 118.9% based on company performance.
  • $66,524The CEO-to-median-employee pay ratio was 316 to 1 with a median employee pay of $66,524.
  • $242KPersonal aircraft use for the CEO cost $241,897, required by board policy for security.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.