3M Issues Warrant to Amazon Subsidiary for Up to 3.16 Million Shares

05:32 PM EDT, 10/19/2026 (MT Newswires) -- 3M Company (MMM) said it has expanded its strategic commercial relationship with Amazon (AMZN), issuing a warrant to a wholly owned Amazon subsidiary to purchase up to 3.16 million shares of 3M's common stock, according to a regulatory filing Monday. The warrant has a seven-year term and an exercise price of $164.89 per share. About 85% of the shares will vest based on Amazon's payments for optical connectivity and other data center products, with full vesting when cumulative payments reach $6 billion, the filing said. The remaining shares will vest based on event-driven milestones, according to the filing.