3M grants Amazon warrant tied to $6 billion in data-center product payments

3M granted a subsidiary of Amazon a seven-year warrant to buy up to 3.16 million shares at $164.89. Eighty-five percent of the shares vest as Amazon pays 3M for optical connectivity and data-center products, with full vesting when cumulative payments reach $6 billion. The remaining shares vest on undisclosed event-based milestones.