Form 4: Atmus Filtration Technologies Director Acquires Shares Through Exchange Offer

Tony Satterthwaite, a director at Atmus Filtration Technologies, acquired 4,012 shares of common stock through an exchange offer with Cummins Inc.

Summary

• On March 18, 2024, Tony Satterthwaite, a director of Atmus Filtration Technologies Inc., acquired 4,012 shares of the company's common stock.
• The acquisition was made through an exchange offer by Cummins Inc., where shares of Atmus Filtration Technologies were exchanged for outstanding shares of Cummins common stock.
• The exchange offer was detailed in a registration statement on Form S-4 (File No. 333-277051) filed by Atmus Filtration Technologies with the SEC on February 14, 2024, and declared effective on March 7, 2024.
• Satterthwaite acquired 4,012 shares of Atmus Filtration Technologies common stock in exchange for 333.5447 shares of Cummins common stock.
• The final exchange ratio was 12.0298 shares of Atmus Filtration Technologies common stock per share of Cummins common stock accepted in the Exchange Offer.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction related to a previously announced exchange offer. There's no indication of significant positive or negative implications.

Positives

• A director increasing their stake in the company can be seen as a positive signal.

Industry Context

This transaction reflects the ongoing corporate restructuring and share ownership adjustments following Atmus Filtration Technologies' spin-off from Cummins Inc.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to insider buying.

Key Dates