During his time at 3M, Robert S. Morrison held stock options amounting to about 92,632 shares. At his peak in 2005, his holdings were valued significantly, driven by his performance-linked compensation strategy. Over the years, his stock options were designed...
During his time at 3M, Robert S. Morrison held stock options amounting to about 92,632 shares. At his peak in 2005, his holdings were valued significantly, driven by his performance-linked compensation strategy. Over the years, his stock options were designed to align with corporate performance, showing a commitment to both personal and company growth. Interestingly, despite his considerable stake, he had no recorded stock grants or options that vested while he was CEO. His options allowed him to purchase shares at predetermined prices, which were influenced by the company’s market performance. This setup generally encourages CEOs to think about the long-term value of their company. Today, the value of his unexercised stock options reflects a fluctuating portfolio based on the market conditions of 3M.